Oslo Bourse Penalizes Unexecuted Orders From Automated Trading

Rationalize · May 25, 2012

Quote from HotTip:

Good point. I've already been affected by that first hand, and it caused me to shut down that particular strategy.

Same experience here.

Looked like thee would be a few bucks in quoting back months against the front .. Turns out not so much, after fines.

eusdaiki · May 26, 2012

Quote from Rationalize:

Yep..

Catch 22 for VWAP / IS etc algo execution strategies.

If they see you coming slowly they cancel & you slip.

If you want to get it done all at once you, you slip.

Liquidity ain't free

Liquidity has never been free. But nowadays it just ain't thereâ¦
It's a mirage that vanishes at the sight of any serious size.

Rationalize · May 26, 2012

Quote from eusdaiki:

Liquidity has never been free. But nowadays it just ain't thereâ¦
It's a mirage that vanishes at the sight of any serious size.

Rationally correct response though.

See flow coming, have no interest facilitating it, unless getting compensated one way or another.

And maybe it's informed flow :eek:

=> Unless there's liquidity behind you, cancel.

eusdaiki · May 31, 2012

Quote from Rationalize:

Rationally correct response though.

See flow coming, have no interest facilitating it, unless getting compensated one way or another.

And maybe it's informed flow :eek:

=> Unless there's liquidity behind you, cancel.

You gotta point there. It is natural behaviour no different from a flock of birds that scrambles out of the way as a hawk breaks through itâ¦