KCG down due to rumor of algo gone wild
- Thread starter m22au
- Start date
Revenge. Sweet lasting revenge...
Almost better than sex...
FOK them!. They are bankrupt. Like taking candy from a baby. Killed with their own orders!. ROFLMAO.
***Fill or kill (FOK). If an investor places an FOK order, it means the broker must cancel the order if it can't be filled immediately.
90% of big traders lose!. They just lose!.
Almost better than sex...
FOK them!. They are bankrupt. Like taking candy from a baby. Killed with their own orders!. ROFLMAO.
***Fill or kill (FOK). If an investor places an FOK order, it means the broker must cancel the order if it can't be filled immediately.
90% of big traders lose!. They just lose!.
If the SEC was really serious about protecting the market from HFTs they only need do one simple thing; make the minimum tick for all stocks a penny. Today I tried to pay 97.61 for a measly 1000 shares of GS, and got a 97.60999 fill. Some frigging exchange/ECN will call that 'price improvement'. Really?
Penny minimum ticks would not require any lengthy comment period, no hard to understand rules or bloated monitoring systems would be needed, and HFT vanishes immediately. Unfortunately the SEC hasn't done a simple, smart, proactive thing in 70 years.
Penny minimum ticks would not require any lengthy comment period, no hard to understand rules or bloated monitoring systems would be needed, and HFT vanishes immediately. Unfortunately the SEC hasn't done a simple, smart, proactive thing in 70 years.
http://www.businessinsider.com/look-how-knight-capitals-trading-volume-is-just-withering-away-2012-8
"Knight Capital's Trading Volume Is Just Withering Away"
Talking about a basket of stocks: "Overall, it handled 1.4% of volume, down from 11.2% normally."
"Knight Capital's Trading Volume Is Just Withering Away"
Talking about a basket of stocks: "Overall, it handled 1.4% of volume, down from 11.2% normally."
Yeah! expecting 100% plus here on KCG--- good news a coming round the "hill"
That rag BI is worse than the National Inquirer.
surf
one of my tenant works there, hope he can still pay the rent, ****
software bugs happen, i just dont get how they dont have a separate monitoring process in place to trigger the killswitch, especially since it's part of your core business. If you need to wait until the exchange to tells you something is messed up, that's a fail right there.
let it run for 30mins is inexcusable, very curious what the delay was, doubt we will ever know though.
software bugs happen, i just dont get how they dont have a separate monitoring process in place to trigger the killswitch, especially since it's part of your core business. If you need to wait until the exchange to tells you something is messed up, that's a fail right there.
let it run for 30mins is inexcusable, very curious what the delay was, doubt we will ever know though.
OK, then how about Charlie Gasparino's recent tweets:
https://twitter.com/CGasparino
FBN News: knight sought new LOC after failing to meet existing covenants w JPM unclear which bank is looking to lend; eyes convert deal
FBN News: sources say every firm looking to get a piece of knight action either in or out of bankruptcy; convert deal wld HEAVILY dilute SH
https://twitter.com/CGasparino
FBN News: knight sought new LOC after failing to meet existing covenants w JPM unclear which bank is looking to lend; eyes convert deal
FBN News: sources say every firm looking to get a piece of knight action either in or out of bankruptcy; convert deal wld HEAVILY dilute SH
Nice call surf.