without hft

[dandxg]

Quote from Clubber Lang:

Without HFT-

A handful of HFT shops close down. A few hundred MIT/Stanford quants/programmers are laid off. Most retire with all the cash they made stealing from the markets over the last few years.

Thousands of human traders go back to making a great living trading.

Hundreds of small trading and finance companies reopen, hiring back the tens of thousands of previously laid off back office workers.

Small restaurants, deli's, lounges, boutiques, and bars reopen around trading offices hiring thousands of employees.

Public has new faith in markets without computer glitches, flash crashes, sub pennying, quote stuffing, and algo manipulation. Public starts putting money back into stocks.

Wall st. wealth is trickled down throughout the economy.

Unemployment drops, housing values uptick, economy shows first signs of unassisted growth in half a decade.

Clubber for Prez! Seriously can you dispense with waving of the magic wand.

 

[vicirek]

Quote from Clubber Lang:

Without HFT-

A handful of HFT shops close down. A few hundred MIT/Stanford quants/programmers are laid off. Most retire with all the cash they made stealing from the markets over the last few years.

Thousands of human traders go back to making a great living trading.

Hundreds of small trading and finance companies reopen, hiring back the tens of thousands of previously laid off back office workers.

Small restaurants, deli's, lounges, boutiques, and bars reopen around trading offices hiring thousands of employees.

Public has new faith in markets without computer glitches, flash crashes, sub pennying, quote stuffing, and algo manipulation. Public starts putting money back into stocks.

Wall st. wealth is trickled down throughout the economy.

Unemployment drops, housing values uptick, economy shows first signs of unassisted growth in half a decade.

You forgot to add the end:

And then we wait for 1987 style crash. Nobody pick up the phones stock drops 20% in a single day.

People get to your senses. There was no manipulation then?

How about going back to 1929. There were no computers then. I guess you could still ride a horse on Wall St.

 

[Clubber Lang]

Quote from vicirek:



How about going back to 1929. There were no computers then. I guess you could still ride a horse on Wall St.

99% of the public is riding a horse while the 1% who can afford millions a month in computers, co-located servers, data feeds, etc. get the privilege to sub penny our orders and pull quotes without filling in a nano second.

A horse against the space shuttle.

Hardly an even playing field.

 

[zdreg]

Quote from Clubber Lang:

99% of the public is riding a horse while the 1% who can afford millions a month in computers, co-located servers, data feeds, etc. get the privilege to sub penny our orders and pull quotes without filling in a nano second.

A horse against the space shuttle.

Hardly an even playing field.

nonsense. review your methodology.

 

[Clubber Lang]

Quote from zdreg:

nonsense. review your methodology.

Are you saying that today's market is an even playing field for all participants? From the tiny etrade account, to large retail and prop, to Getco's co-located boxes?

They all see the same data at the same time, and have the same odds of getting fills?

Simple yes or no .

 

[LEAPup]

Just what about phantom volume, stuffed quotes, etc., by hft parasites makes today's markets a level playing field?

These "liquidity providers" are running on borrowed time IMO.

 

[Random.Capital]

Quote from Clubber Lang:

Are you saying that today's market is an even playing field for all participants?

No.

And it never will be.

But it is more even than it's ever been.

 

[vicirek]

Quote from LEAPup:

Just what about phantom volume, stuffed quotes, etc., by hft parasites makes today's markets a level playing field?

These "liquidity providers" are running on borrowed time IMO.

The laws prohibiting market manipulation like this are on the books. Just enforce them.

 

[vicirek]

Quote from Clubber Lang:

99% of the public is riding a horse while the 1% who can afford millions a month in computers, co-located servers, data feeds, etc. get the privilege to sub penny our orders and pull quotes without filling in a nano second.

A horse against the space shuttle.

Hardly an even playing field.

I am the 99% and can afford computer, data feed and trading cost is very low compared to old good days. Simply put barrier of entry is low and that what scares some on Wall St. They want to use HFT scare as a Trojan horse to limit access for independents. And you guys are falling for it. I am better off with HFT because spreads are tight and liquidity is there. So if they give or take a penny so what. They always did with or without HFT. Overall it is a win for me.

 

[zdreg]

Quote from Clubber Lang:

Are you saying that today's market is an even playing field for all participants? From the tiny etrade account, to large retail and prop, to Getco's co-located boxes?

They all see the same data at the same time, and have the same odds of getting fills?

Simple yes or no .

actually with small orders you have a higher probability of getting filled.

read the post by vicirek.

you probably need a bogey man for your trading performance.