Whitehouse.gov petition to ban HFT

Visaria · Apr 5, 2014

Yep, let's ban HFT. Then who know, maybe the authorities will ban retail trading. Might as well, 90% lose or something according to emg.

Be careful of what you wish for....

tradingjournals · Apr 6, 2014

piezoe said:
On the contrary, what I posted is educational.

Does it say more than trading is a negative sum activity?

tradingjournals · Apr 6, 2014

vicirek said:
So after HFT is banned we all start making money trading? Right?

What if there are other things that you do not know yet that make trading more of a negative sum activity?

Fixing a hole in the bucket does not mean there are not other holes or there would not be other holes.

pleckerchris · Apr 6, 2014

What classifies someone as a HFT? This petition sounds vague and full of crap

Sergio77 · Apr 6, 2014

linechart said:
HFT induces greater efficiency in pricing. It should not be banned.

Makes sense. Some years ago there was no HFT and still 90% of intra traders were losing money.

I think old pit traders just want their jobs back

loufah · Apr 6, 2014

"Ban market exchanges from giving High Frequency Traders faster market access and front running orders."

So the petition doesn't want to ban the sale of faster market access and front-running to non-HFT traders?

Covertibility · Apr 6, 2014

Declining U.S. High-Frequency Trading

The graph doesn't want to show up with the labels so I'm just posting the link.

Was the petition first posted over at ZeroSense? Some of you should stop reading that garbage and enjoy reality.

Arnie · Apr 7, 2014

I'd like to see the sub-penny bs and quote stuffing stopped. Other than that, let them have at it.

Tsing Tao · Apr 7, 2014

Covertibility said:
Declining U.S. High-Frequency Trading

The graph doesn't want to show up with the labels so I'm just posting the link.

Was the petition first posted over at ZeroSense? Some of you should stop reading that garbage and enjoy reality.

What you show is industry saturation, nothing more.

When an algo can step in front of me to buy the shares I want and $x and sell them to me at a higher price, that is theft. Rationalize it however you want. High Frequency Trading isn't the problem. High Frequency Quoting is.

Rise of the machines:
http://www.nanex.net/aqck/2804.html

nth · Apr 7, 2014

Tsing Tao said:
What you show is industry saturation, nothing more.

When an algo can step in front of me to buy the shares I want and $x and sell them to me at a higher price, that is theft. Rationalize it however you want. High Frequency Trading isn't the problem. High Frequency Quoting is.

Rise of the machines:
http://www.nanex.net/aqck/2804.html

http://www.cnbc.com/id/101544486
This one is funny. Manoj acts like he doesn't know what HFT is doing. And Kenny looks like he needs his blood pressure medicine.