movie about HFT traders

sle said:
It depends on the exchange. For example, on CFE you get a marginal discount from customer fee levels if you are a TPH (for VIX futures it's like 1.45 to 1.1).
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Used to be $1. A bit more than marginal. Now that the shortvol ETF gravy train has crashed they are starting to squeeze TPHs too. Shame. Now if they would fix the spread margins i could maybe live with the higher fees.

P.S. Perhaps all you big guys like the margins this way so you can feast on all the crumbs yourself without us pikers getting in your way.:(
 
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From someof these comments I can sense there is much to learn for a lot of you? If trading is a business why do you neglect the business side of it so much? apparently you open an account learn charts and you are trading! um.. do you know anything about drop copy or stp or intransit order cancellations that are all working against you or how to negotiate reduced fees? cmon people you have got to actually put a lot of work into this way outside of just buying and selling. P.S. if you are new.. CLOSE YOUR FUTURES ACCOUNT LIKE YESTEDAY. they don't want you in their playground period. just like traders on the floor worked together so do the algos at the cme. the deck is stacked heavily against you in more ways than I can count.
 
T. Duffy the ceo of the cme said to congress: the cme is for price discovery and the stock market is for wealth appreciation.. his point was retail traders be damned. he also said. our only purpose is to get hedgers the best possible price we can. think about that
 
HFT at CME about 5 major ones are all LIQUIDITY TAKERS which means they will run the market for themselves not you. unlike equities where they might post orders on the clob and push them away from you a penny or 2 but they are still passive for the most part.. at the cme rebates are based on VOLUME of trades not producing liquidity. that is a very important distinction. if you don't understand this then trade stocks.
 
comagnum said:
There are good HFTs that make markets, than there are predatory ones - the penny jumpers that use your limit orders as their hedge, they fill them only when price rolls over.

Commissions going down has nothing to do with HFTs. You can tell how long someone has traded by their comments about HFTs - those that traded pre HFT hate the predatory variety which is always there to f*ck with your fills, they cut into the bottom line & cause flash crashes.

Maybe a a billionaire could afford to lay fiber between Kansas & New Jersey, it will eat up most of their fortune. All you need to do is to lease a microwave private line from a tier1 Telco IXC.

The trailer looks like its a feel good comedy about how silly greed driven people can be, the lesson of the film is that the trader discovers what matters most in life is not money anyway.
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LOL. there is no such thing as a "Good" hft.
 
rallymode said:
Used to be $1. A bit more than marginal. Now that the shortvol ETF gravy train has crashed they are starting to squeeze TPHs too. Shame. Now if they would fix the spread margins i could maybe live with the higher fees.
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I recall them increasing the spreads to "curb excessive speculation" but never paid attention to where these things are. For what it's worth, I think the ETFs are getting interesting again, but let's talk about that off-line.
 
sle said:
I recall them increasing the spreads to "curb excessive speculation" but never paid attention to where these things are. For what it's worth, I think the ETFs are getting interesting again, but let's talk about that off-line.
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Curb speculation in spreads but feed off the shortvol etfs? Please. With my conspiracy hat on I would say it’s almost as if they don’t want retail trading size.

And of course you didn’t. Guys like you, you hit capacity or risk limits before you exhaust margin liquidity. But retail traders like myself who can push around risk limits need a pretty large account to put on any meaningful size in some of the tiers.

Offline? That’s so blue horseshoe:) Do you ever come to Chicago? As a TPH, I am sure your firm gets invites to the CFE's annual party.
 
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if you guys would do your own homework instead of asking people to do it for you then you would learn and know how to get reduced rates. you need to gain experience outside of the trades and learn the business. you are competition so why would anyone just say..do a b and c and get $$$. took me years to finally unravel a lot of it. like everything in life. once you learn it and know it. it is simple
 
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