Quote from Joovenile Jatt:I'm lying am I? So I take you haven't heard of propriety trading firms, where you have numerous traders sharing a big line. I'm in an office with up to 50 traders at a time. Am I still lying?
No thatâs not really intentional lying â but you are grossly misinformed and misrepresenting yourself â itâs also obvious that you donât really understand networking or how bandwidth works.
Quote from Joovenile Jatt:Promagma, I don't trade on the internet. I trade on a 100MB dedicated line. I presume this would be enough to cover all market eventsâ¦
You arenât really on a 100mbit line, you SHARE a 100mbit line and you have no clue how your network admin set up the priorities on your switches so you could be throttled back to 1mbit/sec and have the lowest priority for all you know â you are just guessing and throwing out numbers that donât make sense at this point.
Quote from Joovenile Jatt: I'm in an office with up to 50 traders at a time.
50 guys on one 100mbit line (which I would guess is burst not symmetrical (would you like to test that for us?) is WAY TOO SMALL of a pipe. Unless you are all manually trading and only scanning a few securities â you would need closer to 300-500mbit line (symmetrical not burst) to handle 50 traders.
In your Task Manager, go to Networking and tell us how much bandwidth you use at peak times. Multiply that by 50 and see where your firm is at, remember that quote servers will probably pull closer to 35mbit/sec sustained but weâll leave that out for now and stick with the basics to prove my point.
Quote from Joovenile Jatt: there is no difference
Actually there is. There is no NBBO like stocks, there is no sub-pennying, there is no market makers, etc. You are grossly mistaken if you think there is zero difference between stocks and futures.
Quote from Joovenile Jatt:if you traded the number on Friday
I did and it was fine, in the equity space I saw nothing unusual outside of wider than average spreads and lower than average volume â but I assumed that was due to the holiday
Quote from Joovenile Jatt: Extreme bil side order stuffing engineered to slow systems down and front run them... EXACTLY WHAT HAPPENED. I talked to 3 people at 3 other trading firms and they experienced the exact same thing and resulting slowdowns.
Sounds to me like your prop firm needs to update their hardware or you need to update your desktop. Are you running quote servers off P4 machines? Is your desktop a Pentium4? What you are describing as Quote Stuffing is just a spike in market activity, which usually happens around economic numbers. Just because your systems arenât able to handle that does not mean someone is out to get the whole market â it simply means you are using old technology that needs updating. It also sounds like your three buddies need to get their backers to update their boxes as well.
Quote from Joovenile Jatt: With due respect to the people who are trading on the internet here, I think we have a different version of what is slow. I trade at circa 85 milliseconds. You can't get that on any internet line in the world and I can assure you that 85 milliseconds is MILES TOO SLOW. These HFT's nerds are getting it down to 10 milliseconds.
What? Nerds maybe⦠but 10ms is an eternity as is 85ms. If you are sitting at your prop firm (in Chicago I presume if you are trading futures) then you should be able to get a fill confirm back in < 45ms if trading manually. Internalization and matching engines are in the nanosecond space, 10ms is a good execute for a remote box or even a manual trader, 10ms execute for a matching engine or an internalization algo is a dinosaur. Again you are grossly misinformed and need to learn a few things.
Quote from Joovenile Jatt:Which moves on to my other point. I don't mind that the HFT nerds have a 75 millisecond advantage over me. I don't mind if they can see able to scalp in front of size quicker than me, that's part of the game. I do mind however when they are using order stuffing to make that advantage 150 milliseconds and not 75 milliseconds. I do mind when they are getting illegal information from brokers or whoever so that when I am trying to buy my full size of 100 contracts at 1092 in the ES, they see that and buy the 1092 before me .. ie THEY JUMP IN FRONT. That is downright illegal insider trading
Are you sure your broker isnât throttling you to take a look? Lots of them do it. You either have crappy hardware (your computer, lines, switches, etc.) or you are getting played, or both. The issue you are experiencing has nothing to do with what you describe as quote stuffing. Get a better system that can handle the data and you wonât have any delays.
Quote from Joovenile Jatt:That is downright illegal insider trading
Quote Stuffing is different than front running and it seems that you donât know the difference or you are lumping the two together. As I said previously, if someone is throttling you, or your quotes, and then taking a look at your orders before they go to market⦠then you are getting bent over by your broker, not by HFT (or your broker is using HFT to trade against you, which is really sad).
Quote from Joovenile Jatt:The HFT nerds here will try to twist it, attempt to make me look stupid, or just throw insults but they can NEVER give us an answer for why there is HUGE order stuffing by the HFT nerds when the market moves quickly ie during figures. They know I have outed them and exposed their illegal game in plain english.
I donât insult people and I think you make yourself look stupid, not anyoneâs reply. At an economic or energy number volume and interest picks up and more orders go to market, that is not quote stuffing its just a spike in volume. Your systems are old and antiquated or your broker is throttling you⦠It has nothing to do with anything outside your firm.
Quote from Joovenile Jatt: I AM A PREDOMINENTLY LONG SIDE TRADER AND THEY SPENT THE WHOLE TRADING SESSION MANIPULATING THE MARKET UP.
Well now thatâs not always true either⦠lol
Quote from Joovenile Jatt:But does that make it right when experienced good screen traders are blowing out to their corruption? I say no.
Experienced good screen traders are blowing out because they are making bad calls/decisions and lose trading, not because HFT is taking their money. The ONLY hint of corruption **might** be from your broker who could be looking at your orders before they go to market. Outside that â yeah it seems like you are a sore loser. Sorry⦠someoneâs gotta say it.
