You guys don't think HFT may end up meaning "us"?
High-Speed Traders Should Bear Cost of Oversight
- Thread starter RedDuke
- Start date
duh, like chuck knows anything about how hft works. 
Its obvious one of his contributors that can't beat hft's is crying about it and its his way of helping a brotha out.
IMO, opening the door to more fee's of any kind is a bad bad bad idea. Its sets a bad precedent. But most idiots on this board wouldnt understand that.
Its obvious one of his contributors that can't beat hft's is crying about it and its his way of helping a brotha out.
IMO, opening the door to more fee's of any kind is a bad bad bad idea. Its sets a bad precedent. But most idiots on this board wouldnt understand that.
I'd assume that this becomes:
Market Makers - EXEMPT.
Other Exchange Members [incl the rest of HFT] - EXEMPT.
Automated traders through brokers - YOU PAY.
Brokers in general - HIGHER COMMS
Paradise for existing HFT.
Totally ruins up and coming HFT.
Yes, it will apply to individual commoners only, get rid of pesky competition.
An exemption or loophole will have already been created before passage.
This in exchange for that
One door closes but look what we opened up for you
I need a favor in exchange
A friend of mine needs a favor
We all need favors in exchange for making it look like we are doing something good for the public
http://advancedtrading.com/articles/231002631
Interesting. Narang proposes to SEC to enable them to use his technology for a fraction of the price SEC wanted from taxpayers.
Interesting. Narang proposes to SEC to enable them to use his technology for a fraction of the price SEC wanted from taxpayers.
SEC Large Trader Reporting Rule:
http://blog.themistrading.com/?p=2834
Yesterday, the SEC approved a new rule called the âlarge traderâ reporting rule. According to the SEC, the rule has two primary components:
- First, it requires large traders to register with the Commission through a new form, Form 13H.
- Second, it imposes recordkeeping, reporting, and limited monitoring requirements on certain registered broker-dealers through whom large traders execute their transactions.
A large trader will be defined as a person whose transactions in exchange-listed securities equal or exceed two million shares or $20 million during any calendar day, or 20 million shares or $200 million during any calendar month.
-Guru
http://blog.themistrading.com/?p=2834
Yesterday, the SEC approved a new rule called the âlarge traderâ reporting rule. According to the SEC, the rule has two primary components:
- First, it requires large traders to register with the Commission through a new form, Form 13H.
- Second, it imposes recordkeeping, reporting, and limited monitoring requirements on certain registered broker-dealers through whom large traders execute their transactions.
A large trader will be defined as a person whose transactions in exchange-listed securities equal or exceed two million shares or $20 million during any calendar day, or 20 million shares or $200 million during any calendar month.
-Guru