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Saluzzi Educates MSM On PT, Does Not Buy Books
Irene, I would love to get a copy of your book. Are you willing to exchange one Digital Dickweed coffee mug for a few hundred copies? I am sure you have them lying around, and it sounds about equitable.
Also, good thing of Irene to admit that any variant of forntrunning is illegal. We are with you!
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I do not believe my comments to be any more patronizing than your "Do you know your wrong" statement. It is possible that you have raised awareness of an issue that stayed in the shadows. It is also possible that you are not aware of all the issues and could acknowledge such.
You have quickly built a site which is obviously the focus of much attention. That attention does not entitle you to either hubris or to act as judge and jury. As it is your site, perhaps it does.
I am pretty sure i said "you are" not "your"
Pardon my typo. For clarity, I meant to type "you are" in my response. Does this change your response?
not at all, and as much as I would like to engage in this meaningless debate, i won't. I have made my perspective sufficiently clear in over 10,000 words worth of posts. ZH readers would benefit much if instead of your opinions which I am confident you value highly, you could at least provide some external backing for all your heretofore baseless arguments.
Your perspective is clear. You have chosen the facts for your position and by that choice excluded other facts. This is not high school physics class where every problem starts with the convenient "assume this objects is falling in a vacuum" which allows the students to focus on the basics while ignoring difficult calculations such as impact of air friction, humidity, etc.
The "validation" of a politician does not crown you correct. It is your site. You win. In a vacuum or your own making.
And so another case of violent agreement is lost.
Tyler, you may want to read postings on your own site.
http://www.zerohedge.com/article/adverse-response-against-high-frequency...
I do not believe my comments to be any more patronizing than your "Do you know YOU ARE wrong" statement. It is possible that you have raised awareness of an issue that stayed in the shadows. It is also possible that you are not aware of all the issues and could acknowledge such.
You have quickly built a site which is obviously the focus of much attention. That attention does not entitle you to either hubris or to act as judge and jury. As it is your site, perhaps it does.
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You seem to post much more than is nescessary to communicate.
thanks for the rhetoric and communications lesson. just don't send an invoice.
best wishes and good luck to you.
ha, I didn't mean YOU, guy! May the seed of your loins be fruitful in the belly of your woman!
i agree with your first statement....you were
just keeping pace with your interlocutor....
don't back down.
I asked Ameritrade the other day if they sold order flow, and the trader said no.
You mean they lied?
Does Ms. Aldridge have a lot of clients? Anyone know? Their site looks pretty small-timish, and has lousy minute traffic ratings (according to Alexa and Compete).
Why do posts on this site show with a central time zone time stamp? Is Tyler part of the Michigan Militia or a sharecropper in Mississippi?
he hangs with cheney in his ultra secret fly fishing shack in wyoming, which may or may not be mountain time. it may or may not be central time either.
With knowledgeable and thoughtful people this issue of program trading of which hft is a subset is quite interesting…..unfortunately the majority of posts on this thread do not even rise to this level:
http://cfecon.blogspot.com/2009/07/how-to-solve-all-of-californias.html
1. Co-location is a complete whine and cheese affair. There is no merit to the complaint.
2. Visibility of data – important if limited to certain parties as in the case of flash trading but if it is an issue on only one side of the trade the argument is weak.
3. Real front running vs synthetic – contestants must make a distinction between inferential trades and true front running if that is the complaint, and the source of the data used to make the inferences
4. Position of retail investor – make a distinction between speculation and investing…..making provisions for a retail speculator is ludicrous. If a retail market player is trying for the same playing field as the large professional players he is delusional – that was lost decades and decades ago if ever it existed at all. He should deposit his money with a professional program trader (hft style) if he wants all of the purported benefits.
5. Volume of trade – more whine and cheese…..if you don’t like 2% of the market controlling 70% of the volume, what ratio do you accept?
6. Process automation – hft is fundamentally process automation and the very bedrock of the information age. Objections are luddite nonsense.
7. Hft vs other practices – distinguish between hft and objectionable practices which occur in the presence of hft…..many are committing the logical fallacy of collinear inference rather than making causal inferences.
8. Rebates – more whine and cheese mewing….i is going to sue walmart because it gets a better price for wheaties than I do…..
9. Types of program trading – some classes of program trading such as probe orders (or flash orders) which are predatory should be considered for proscription but I don’t think that the case is black and white. If you issue a buy with a stop limit then what is the basis for complaining if you fill at the upper end? I am sorry but that is irrational. Place your bid where you really want it……
there are much more important issues on which to hang your petard.....the gold manipulation issue being one of them.
I'm trying to understand the mechanics of this. Does a co-located server contain the software that puts out the orders or is there a computer located elsewhere that does that, and then the orders flow through the co-located server? Thanks if anyone can answer that.
Look, having one company trade twice as much as the next highest company and only a few companies controlling the great majority of an exchange makes the market ripe for manipulation. This is a feature of third world markets where our people would have told you in the past they are subject to manipulation and that's why you should be invested in the good ole USA.
If there is some front running and you know when shorts are covered you jack it up quickly in the AM, get the shorts covered, drive up the market and then sell out before the other people (in the afternoon) this is what I am seeing day after day. also Days when you would be taking profits on the gap up are followed by going up/up/up. when you move double the volume of the next payer this is manipulation.
the other trade that is clear manipulation is that when the big boys spend big bucks at the end of the day and the next day is down, or the start of the day is down it always rises above the end of the prior day so they always get their profit.
All you need to do is be trading a while and it's clear when things are going funny, it is also clear when they want to drop the market or run it up. the trading patterns change on the S&P volume spikes.
Crap like this doesn't happen by accident
was this really on tv??? plate of watered down cat food for the masses
literally lol when the hft defense started talking '.. this is the same as your prop traders' ... oh really???