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How To Confuse HFT Algos With 3 Simple Words
"Daylight Savings Time"
It would appear the machines running the correlation show in global markets, conditioned to always ramp risk into the European close - were not told of the US DST
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I'm with the machines in boycotting DST, at least in the spring, I wouldn't mind falling back an hour every year.
Or every day.
"It would appear the machines running the correlation show in global markets, conditioned to always ramp risk into the European close - were not told of the US DST"
Quick....call Bangalore.
Yes, I'd noticed this the other day as well. And made a little bit of money this week as a result.
DavidC
Spring ahead, fall back, bitchez!
does Feinstein ever get confused as to what time she needs to emerge from her crypt? i guess her aides have it down by now...
Nancy wakes her up ............
Nancy Pelosi: Israel, don't fear Dems in Congress
"Nancy's Pelosi's record on Israeli-related topics is perfect. She expresses interest in the situation in the country and has always participated in votes related to Israel. She has not harmed Israeli interests."
"In conversations with friends, she says that the creation of the State of Israel is one of the miracles of the twentieth century."
"'America's commitment to the safety and security of the State of Israel is unwavering, regardless of which party is in power.'"
She has not harmed Israeli interests.
Too bad about America's interests.
Not that it matters to her.
Would someone be so kind as to help educate me and explain "ramp risk" and why that is an important strategy at the EU close?
Thanks
So that at the close of the day in Europe, everyone feels like a million bucks, the sun is shining, you are off work, and life goes on. Wealth effect, bitchez!
United Brotherhood of Institutional Tape-Painters.
A lot of trades get made off daily charts. Can't have red candles in Europe now can we?
Anyone know where i can get an industrial strength EMP machine...I can end all this HFT nonsense with the flip of a switch...muhahahaha
get an industrial strength EMP machine...
I'll admit not knowing too much about this, but are there devices that can alter devices that are not turned on at the time of attack?
How about altering / destroying data on thumbdrives / etc. that are not plugged in? Used to be a strong magnet could erase audio / video tapes, is this similar?
How long can these devices radiate the destroying signal / power? Can it be continual to avoid new devices from being turned on / used later?
These are probably very basic and elementary questions, and I admit, I'm ignorant of what's out there, but will not be surprised.
Start here if you have an old microwave oven handy.
http://hacknmod.com/hack/diy-electromagnetic-herf-gun-project/
You might want to click that link from *someone else's* computer. Just sayin'....
Damn, the Chinese got it now.
That's a crazy rabbit hole. Got pulled into a 911 tunnel re: directed energy technology:
www.youtube.com/embed/bmmQ6OWMHTI?feature=player_embedded"
OK, you've got my attention.
If they are confused this week , next week when its the same will screw them after adjusting.
just gets better all the time....anytime ya'll wanna embrace 5000 years of history we will welcome u...time is not ur friend however...
"High-speed telecommunications provider Perseus Telecom and digital currency trading platform Atlas ATS formally launched Wednesday a globally integrated bitcoin exchange system in New York, Hong Kong and Singapore to facilitate trading in the digital currency by high-frequency trading firms and other large financial institutions.
The two firms’ collaboration, first reported last month by The Wall Street Journal, marks a milestone in the evolution of bitcoin out of a retail-oriented, loosely regulated low-tech environment to one that is open to the high-volume and strictly regulated activities of Wall Street. It comes after the sudden collapse of Tokyo-based bitcoin exchange Mt. Gox, which said it had lost 850,000 bitcoin—now worth more than $500 million—and a string of scandals, including a world-wide hacking attack that temporarily paralyzed Mt. Gox competitors such as Slovenia-based Bitstamp.
“Now, institutional investors and banks can see that there are known players with the right pedigree” engaged in bitcoin, said Jock Percy, chief executive officer of Perseus, whose high-bandwidth lines are used to connect securities exchanges around the world with institutional investors’ trade execution platforms."
http://www.marketwatch.com/story/bitcoin-exchange-for-high-frequency-tra...
Funny stuff
The stock, bond, commodity and currency exchanges have been reduced to gambling dens whereby the more powerful traders with deep pockets move the markets to maximize their own profits at the expense of the remaining not so powerful players. The big boys have enormous money power to move the markets in the direction which results in maximum profits for themselves. They effectively use the media to lure the other players in the market to a position where they would incur maximum loss.
The markets continue to rise till all short positions in the market are covered and the majority of traders move to the long side. Once this is done the market falls till all long positions are closed and short positions undertaken. Then rinse and repeat. The price mechanism has little to do with the actual demand, supply, fundamentals or state of the economy.
www.marketoracle.co.uk/Article40231.html
The banks are like fishermen. They run out the line (extend credit), with some bait on it. Once the bait is firmly hooked, you slowly reel it back in (demand collateral).
Garbage in, garbage out. There are no stupid machines, only stupid programmers and idiot users.
Doesn't mean those same programmers and idiots aren't wealthy.
teh funny
what difference does it make?? algos still win...
Still buy into 11-11:30 by my clock, I don't see the problem.
it actually looks like the fault of federal reserve as they did not change their liquidity injection timing to adjust for dst.
And how to fix them with one simple law. "Transaction Tax." Preferably progressive. Higher frequency means higher tax rates.
But that will reduce liquidity that the HFTs add.
/s
No. A transaction tax only feeds an already overfed government. What is needed is a random delay of a few seconds on each transaction. This would make all HFT algorithms and fancy electronics useless ... and forced to resort to actual trading rather than manipulation.
Well, if that ever happens, you can bet it will be a "random" delay instead, making everyone else's hardware moot.
When you increase response time of a system (i.e. its time constant), you remove a necessity (and usefulness) of responsive controls. Adding a random time to each transaction increases the system response time. It doesn't make "everyone else's hardware moot". It only makes super responsive, low latency hardware moot. It turns the focus toward trading (where it belongs) and away from manipulation and opportunism (which is detrimental to healthy markets).
There is no such thing as a good idea for a new tax.
Only a government operation would be this stupid.
Moar daylight for broke conned summers to SPEND!
How To Confuse HFT Algos With 3 Simple Words
"Daylight Savings Time"
Really?
This is (trading) day 3 of US DST
The issue is DST changes a week or two before DST hits Europe. During this period, Europe markets close 1 hour later. For this period, why edit the algos?
I'm surprised nobody jumped on the line in the Market Watch story (so Nobody will):
'... the evolution of bitcoin out of a retail-oriented, loosely regulated low-tech environment to one that is open to the high-volume and strictly regulated activities of Wall Street."
'...strictly regulated activites of Wall Street...'
Right. Guess Market Watch does not use /sarc/ tags.
This may explain the one day Virtu missed.