HFT

DARPA Asks HFT Traders How Hackers Will Crash The Market

Among the potential scenarios probed by the Pentagon: Hackers could inject false information into stock-data feeds, sending trading algorithms out of whack; or they could flood the stock market with fake sell orders and trigger a market crash.

Where US Stocks Are Traded Today

The US equity market structure has never been more fragmented, with 12 exchanges, over 40 alternative trading systems, dozens of dark pools, it means that the venerable New York Stock Exchange gets barely 13% of the US stock trading volume.

'Broken' Market Sparks Buying Panic In Stocks...

It appears the crucial link between HFT algos and the options market just broke as BATS options exchanges have declared self-help again NASDAQ ISE. VIX was spiking as stocks open, but as the market broke, VIX was smashed lower and stocks higher...

Inside The "Wildest Commodity Trade" Ever... Just Don't Blink

Chinese trading in futures of ferrosilicon exploded this week, with the average contract on Wednesday held for an estimated 39 minutes, the culmination of an HFT bubble which sent the price of the alloy 25% higher this month alone.

Weekend Reading: Losing Faith?

"With President Trump embroiled in one entanglement after another and constrained by a deeply partisan legislature, the ability of the Administration to pass legislative agenda seems to be fading... along with investor 'faith' that they will."

Weekend Reading: On A Cliff's Edge

"...Unfortunately, in the financial markets, irrationality historically prevails and very few investors survive the fall..."

Future-Hype Arrives Right On Cue... Again

This week we have no finer example for one to ponder than Mr. Musk himself in what can only be deemed as one of the most blatant examples of what I’ve coined “future-hype.”