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Next Up On The Xtranormal Docket: HFT Explained By Cartoons
Since it appears that the majority of the American public is receptive to understanding moderately complex economic and financial topics only when presented in cartoon format (as in QE2) here is extranormal with the latest, this time making high frequency trading comprehensible to even those with a 2 minute attention span.
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Got me on the second Ha Ha Ha!
What does that means? High Frequency? Does you mean wireless trading on a non-standard frequency? Can someone please explains?
Read this and you will know all you need to know about HFT:
http://madscienceunlimited.com/fiction/theexchange.html
Well maybe. Fortran ain't factually say'n how she does it.
Sounds like my first wife. Just sayin'
Did she ever set you on fire? Oh wait, I get it now ...
"“Teddy,” she began dryly. “I just moved three-hundred-billion dollars several times, the contents of your bank account are relatively unimportant. Besides,” and here she smiled sweetly, “I bet I won't need F-cups to guess your PIN. Don't make me embarrass you.”"
Are you for reals? That didn'tsay anythink about the frequency problem that is being discussed?
Not a lot no. But you can see why they have such a problem. The guys in IT have no will power when faced with a pretty super computer with a willing plug-in architecture.
Please describe "a willing plug-in architecture" complete with close-up photos and user experience ratings.
She's fully open-source ... waaaay open. So go ask her yourself. She's a push-over for flowers.
Sounds like she could upgrade my floppy disk to a hard drive?
In a New York minute. But you have to be careful of leakage currents. Just as the upgrade is going really well she sometimes has to dump a few thousand volts. Anything that's plugged in becomes a grounding rod. She's lost more boyfriends that way. You have to feel bad for her.
Are you 3 clown loanly? Would you like some frees links to the Glenn Beck porn site? or somethings?
It's humor. It's good for you. Oh I have another story I'm gonna post today, I bet you'll just love it. Or ... maybe not. It's okay. I can handle it.
Hey new guy, welcome aboard. If you think cougar is fun just wait till you get a chance to play with our racoon. And yes, he knows his name is misspelled.
Don't hate the coon, hate the coon's mother for the misspelling. :>)
At least she didn't name him "Sue".
Looks like Cougar wins the prize today for most obscure country music reference.
You're assuming our one and only coon is a male. While that's probably a good bet, may I suggest you conduct a personal inspection. I'll just stand way over here so I don't get splattered with your blood.
Could you please give me the name and phone number of your next of kin? And make sure your last will and testament is updated to included my inheritance of that newfangled electric bike of yours.
Didn't I ever s'plain to you my 7 point mathematical proof that all Internet forum dwellers are males?
Even the cougars?
See I yam a skaw-ler
As for the bike, it's in for repairs. You can have it right now in fact but I want it back after you fix it.
Here is SkyNet lifting EVERY offer this very morning - no matter the size.
Liftoff!
We have liftoff Houston of day two of 8 straight days of POMO.
Mission accomplished.
it means all your QQQQ are belong to them
Hey, that was way more than two minutes. :>)
Quote of the day: "By the way, you are hot, especially when you are outraged."
Typical trader. Why pay for it when you can get it free using your charm and fat wallet.
Quote of the day: "By the way, you are hot, especially when you are outraged appalled."
Fixed that for ya.
That's what she said.
If I understand you correctly: the Fat Wallet is just eye candy, so to speak, but is never opened?
In this case the Fat Wallet is opened for drinks, dinner and entertainment. But never for the actual services rendered.
Unless of course he (or increasingly she) likes to provide money for "presents" that can be self bought.
Spot-on
Forest ecosystems in privileged worlds have been choked by a prescription of total perseverance; keep it intact but unused by feet and hands only to devastate the terrain. The forest burns naturally. To let it suffer for the needs of a greedy few is ridiculous. Private corporations will stop at nothing to switch from a tribe to a monolithic democracy.
Is that the Greenpeace quote of the day?
The Greenpeace Corporation is detoured by non events.
If I had a nickel for every time a hot chick wearing a cardboard box on her head complained about too much 'speed'...
Warren is that you?
Ssssh...
http://www.youtube.com/watch?v=SJwdWFo60mg&feature=related
damn that dudette was busy with his fingernails.
ZEUS is that you?
ZEUS? No, but I often use another name for take-out. After you show up at the restaurant, they look at you and finally ask: "Thor?" To which I reply: "Well, I'm hurting a little." (old Robin Williams joke)
But for our night out on the town, if you really want to see my 'Zeus' well...
http://www.youtube.com/watch?v=Fr7G6hlvKMs
can i be your whiplash†
If you say something often enough, it sticks. Larry Tutt taught us that?'
Oh, I thought Joseph Goebel's taught us that.
Bernays more likely
"What is a spread? A spread is a silly notion of a bid and ask cost measurement. It means nothing today as we have an order driven market."
^That was perfect and utterly depressing at the same time.
High Freaks used to mean hippies on acid. Now it means moneymaking supercomputers shanking millions every trading day from the wheel of fortune crowd.
That rocked 11.
He adds liquidity, for 1 second. Dude, she is not impressed.
"No. They work for me. I hire them every other week." re: SEC
No points for subtlety, that guy.
"Say it. Say it twice."
The Ben Burnakkee... The Goldman SaXs... The HFT... I have made my mother watch all of these... fantastic! Love them! great for any and all... if you understand you can laugh and for those who dont get it... they may learn something.
this is brilliant...
He says "Luddite" like it's a bad thing...
Nice EMP should whipe all these machines out, or a nice virus (StuxNet 2 - the worm)
What’s wrong with this picture?
Symbol Underlying Qty Bid Ask
UAL1 Dec 18 2010 25 Call UAL -10 4.00 5.00
UAL1 Jan 22 2011 25 Call UAL -10 4.70 4.85
These are actual quotes copied from a section of my TD Ameritrade account screen at the time of this post. The two options shown are Dec and Jan Calls with a 25 strike for UAL1. These options were created automatically from CAL call options when CAL merged with UAL. Both option contracts are for 105 underlying shares of UAL.
As you can see, there is a dollar wide bid-ask spread on the Dec option compared to the more typical spread of $0.15 on the Jan option. Even more ridiculous is the fact that the offer on the Dec option is $0.15 above the Jan option (Black and Sholes must be laughing out loud). This is not a short term anomaly. This market structure has been present for over a week. If this is the kind of liquidity that HFT is bringing to our markets I think it’s about time we found another better solution.
Who are you kidding, HFT brings so much liquidity. It's the reason Wall Street is drunk off its ass. :)
you have terrible feeds then, the Jan11 25 C is 3.60-3.70 and the Dec 25 C is 3.05-3.15 (as of 1:02 EST 11/15)
"Okay." "Okay."
Most any conversation overheard at a Starbucks.
Correction.
"Most any conversation overheard at a Bay Area Starbucks."
Okay?
Fair enough. We are the land of vacuousness. Which probably isn't even a word, but should be.
As luck (or genius) would have it, you are correct. Go all the way to the bottom of the definition.
vac·u·ous (vky-s)adj.
1. Devoid of matter; empty. 2.
a. Lacking intelligence; stupid. b. Devoid of substance or meaning; inane: a vacuous comment. c. Devoid of expression; vacant: "The narrow, swinelike eyes were open, no more vacuous in death than they had been in life" (Nicholas Proffitt). 3. Lacking serious purpose or occupation; idle. See Synonyms at empty. [From Latin vacuus, empty; see vacuum.] vacu·ous·ly adv. vacu·ous·ness n.
The American Heritage® Dictionary
Because you are such a frabjous scholar, here is your reward:
http://madscienceunlimited.com/fiction/actsOfCharity.html
I can't decide if she's a very bad girl, or a really clever cat. And then it occurs to me that she could be both and not violate any important laws of physics. At any rate, a spot of horror for the strong of heart, in which we answer the question; What demon sleeps on the other side of extinction?
What a great read.
BTW cougar_w, now I'm a little worried about you. Are you the author? That would worry me even more. :>)
Either I invented Diamond, or she invented me. On a given day it's hard to say which of us is doing the actual writing.
It's okay to be worried. It is all meant to be horrible.
I the next installment, Diamond and Fortran rob a bank. It's quite charming as you can probably imagine. I'm really enjoying this raping-the-financials theme. Payback is its own reward.
well, i read your short story last night and liked it. i remember that you are a novel writer, so you authored this story, right?
yup
hey, you took the shirt off your avatar. you thought we wouldn't notice, huh? ;)
yeah, like my red third eye. i got one you know, kitty. actually i was kind of pudgy back when i took that. nuff said†
priceless http://www.youtube.com/watch?v=66kFWHCZJwA