hft scum update
- Thread starter stock777
- Start date
"trading platform systematically abused customer orders for years."
Physical abuse? bruises or broken bones?
why get into a "dark pool" in the first place? Might be alligators in the dark water.
Physical abuse? bruises or broken bones?
why get into a "dark pool" in the first place? Might be alligators in the dark water.
Dark pools are cheaper if you can get the fill. Sometimes it helps to pick the meat from between the teeth of the alligators, if you're a bird (small guy.)
I'm not surprised.
Do those guys even do high frequency trading?
Operating a dark pool and HFT are two different things.
Going to their web site and looking up the hype for their "Alph Pro", I see this:
3. Strategy Execution
Your instructions are executed using predictive switching to limit adverse selection costs by HFT. ...[hype]... As a result, your order is largely protected from adverse selection by high frequency traders.
So, the current scandal suggests that their algorithms didn't work so well, and perhaps they were deliberately ripping their customers off, but in any case I don't see any indication they were doing HFT themselves.
Operating a dark pool and HFT are two different things.
Going to their web site and looking up the hype for their "Alph Pro", I see this:
3. Strategy Execution
Your instructions are executed using predictive switching to limit adverse selection costs by HFT. ...[hype]... As a result, your order is largely protected from adverse selection by high frequency traders.
So, the current scandal suggests that their algorithms didn't work so well, and perhaps they were deliberately ripping their customers off, but in any case I don't see any indication they were doing HFT themselves.
please point out how & where I defended them
I agree with you that this one instance is terrible.
Just because someone shot (Insert name here but for the thread try: Lincoln, JFK, Reagan, Giffords, the Pope) does that mean guns should have been outlawed?
Put Gabby in with some good company but she just might make a recovery and make it to that level.
You are an attention seeking fool who does not understand the markets. The entire system is based on electronic trading and clearing. Are you suggesting that the whole system be taken down?
I agree with you that this one instance is terrible.
Just because someone shot (Insert name here but for the thread try: Lincoln, JFK, Reagan, Giffords, the Pope) does that mean guns should have been outlawed?
Put Gabby in with some good company but she just might make a recovery and make it to that level.
You are an attention seeking fool who does not understand the markets. The entire system is based on electronic trading and clearing. Are you suggesting that the whole system be taken down?
