People Becoming Curious About High Frequency Trading... Too Curious?
The only benefit from Sergey's recent brush with Goldman Sachs, a/k/a the FBI, seems to have been an increased curiosity if not awareness in this most nebulous topic by pretty much everyone with an even remote interest in Wall Street... a 500% increase over one month in fact. The people demand answers: it is time for Goldman and the NYSE to provide much more color on just how High Frequency Trading impacts the general public's investing, or as it is correctly known these days speculating, decisions.
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on Mon, 07/20/2009 - 09:31
#10234
Where did you get that volume report? I'd be interested in running those myself.
on Mon, 07/20/2009 - 12:52
#10359
Just Google Insights.. for example, a live graph of the above screen shot can be found,
http://www.google.com/insights/search/#q=High%20frequency%20trading&geo=US&cmpt=geo
Tyler, why not link directly to the graph? Texas and a few other states have jumped on the search in the meantime.
on Mon, 07/20/2009 - 12:55
#10363
um, there is a link direct to the graph.
on Mon, 07/20/2009 - 09:37
#10239
Google stats
Also these math questions are getting tough...
on Mon, 07/20/2009 - 09:39
#10240
The most interest is coming from states that have (or are very near) major exchanges.
The other state (CA) has high unemployment and, frankly, doesn't have anything much better to do that to learn how their money continues to be taken away from them.
The rest of the country is snoozing through this, it seems.
on Mon, 07/20/2009 - 10:00
#10255
Bring on the chinese internet filters! Please, stay in your homes and listen to offical announcements only. The USG, aka NAMBLA, will ensure you have accurate information that has not been corrupted by anti-society agents.
on Mon, 07/20/2009 - 10:21
#10265
I, for one, will welcome our new Chinese overlords!
on Mon, 07/20/2009 - 10:01
#10256
funny that chicago gives more of a shit than california (does illinois have any other cities?). we must be busy filing our unemployment claims in cali, and eating pinkberry ice cream while sharing our newest iphone app with friends. we call it vacation, not unemployment.
on Mon, 07/20/2009 - 10:24
#10266
For all we know it might be just GS-related folks (in NY/NJ) and Citadel related folks (in IL) doing most of the searches. Do a search history for "Goldman Sachs" and see a pattern emerge?
on Mon, 07/20/2009 - 11:05
#10279
Calculators are allowed for the math challenged.
on Mon, 07/20/2009 - 11:17
#10283
The UK's Guardian has a great piece about how the folks at Goldman Sachs feel blindsided by all of the negative press lately:
http://www.guardian.co.uk/business/2009/jul/19/goldmansachs
Poooooor little Goldmanites. They can't understand why no one likes them any more.
on Mon, 07/20/2009 - 11:41
#10296
Can someone please provide me with some sort of evidence of a banker conspiracy using the definition: "an agreement to perform together an illegal, wrongful, or subversive act." I have no doubt that they have too much influence via the Washington lobby but, because of their influence, everything they do is likely legal. It is much harder to define wrongful and subversive.
on Mon, 07/20/2009 - 12:06
#10314
The law is "thou shalt not steal". Words like "conspiracy", "wrongful", "subversive", "act", etc., are just defenses to hide behind.
on Mon, 07/20/2009 - 19:28
#10646
Uh, no. "thou shalt not steal" is a Christian doctrine which has nothing to do with the law. In the United States we have a robust legal system which requires laws to be defined specifically. Fail.
on Mon, 07/20/2009 - 11:47
#10297
Interesting.
on Mon, 07/20/2009 - 12:04
#10312
The ripples will spread out. I live in Chicago. I have friends who are quants and hedgies and traders--and this just sunk in with me, like LAST WEEK. In a few months even the most brain dead of our compatriots will have gleaned SOMETHING about this. Then God help Wall St.
ZH, are you trying to weed out the morons with these math questions? I'm gonna have to get my tween son to help me soon.
on Mon, 07/20/2009 - 13:06
#10371
It has already spread out.. I live in +Trade from Maine..
on Mon, 07/20/2009 - 12:10
#10317
Can they do the same thing at the exchange in Chicago that GS can do at the exchange in New York City? Might that explain why Serge was offered a job in Chicago?
on Mon, 07/20/2009 - 12:24
#10327
I am posting this simply to test if I can solve "minus (-39) equals minus three"...it's a little too many years since school and my portfolio's always been positive.
on Mon, 07/20/2009 - 12:34
#10335
NY and Chicago are the two main hubs for trading programmers (I know since I married one). Calif probably has the biggest population of programmers. And at least 10% of them are out of work right now. Bored programmers could bring down a govt or crappy paradigm pretty fast.
on Mon, 07/20/2009 - 16:55
#10486
Anywhere close to water is what we can infer. Programmers should bring down the NYSE. Bring down the fed.
good finance articles
yup same ol' shit
on Mon, 07/20/2009 - 12:46
#10350
A friend who runs one of the original quant houses told me
a couple of years ago that the critical factor for success is the trading computer's physical proximity to the exchange where trades are executed. It's those nanoseonds over the fiber optic that count. I don't know if this factor is important today, but it may explain the concentration of high speed trading in Chicago and New York. Maybe the best investment now is an office on Wall Street - like Mark Twain said - the best way to make money in a gold rush is to sell eggs.
on Mon, 07/20/2009 - 13:08
#10368
Check out the same report for ZH - has a similar trajectory.... something fishy going on.
http://www.google.com/insights/search/#q=zero%20hedge&geo=US&cmpt=q
on Mon, 07/20/2009 - 13:12
#10380
HEIL MAO!
on Mon, 07/20/2009 - 15:20
#10482
it seems that blogspot looses more and more visitors, when will it be the cut off?
on Mon, 07/20/2009 - 15:30
#10490
Likely this week.
on Mon, 07/20/2009 - 17:25
#10577
For those of you that are surprised California made this list, recall that Silicon Valley is the international capitol of software and San Francisco has historically been a regional center for investment banking... people tell me that Charlotte second only to New York in some banking category(?), so I'd love to hear from you hacks as to why NC is not on this list.
on Tue, 07/21/2009 - 13:13
#11214
For the mechanics of the high-frequency trade, see http://www.themistrading.com/article_files/0000/0348/Toxic_Equity_Trading_on_Wall_Street_12-17-08.pdf