Peak HFT?

Tyler Durden's picture

We doubt it: first wait until the next market crash is blamed on HFT (as we speculate it will)... and then watch as the entire world suddenly goes all tar and feathers on a few million vacuum tubes.

 

 

h/t @Stalingrad_Poor and @ECantoni

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JJSF's picture

HFT in FX isnt going to make a dent..market is too big.

http://signalinea.com/update-on-gbp-position/

Urban Redneck's picture

The goal isn't isn't to make a dent, it's to skim a small profit repeatedly at very frequent intervals, the bigger the market the better... 

PlusTic's picture

Watch out, they can hear the footsteps coming now, it's time to steal as much as possible before they get throttled down!

Dolar in a vortex's picture

I wonder how long it is until the first class action is filed.

Surprised it's taken this long.

icanhasbailout's picture

They didn't thank the HFT guys on the way up. Ingrates.

Dr. Engali's picture

Sadly my take away from this is that legacy media still has a powerful influence over the genital  population, but I didn't need confirmation for what I already knew.

Dr. Richard Head's picture

The more and more I interact with people (I'm 35), the more and more I believe people aren't even watching television news, let alone readin the newspapers.  The ones that are include the 55 and up crowd, who are devotees to either FOX News or CNN.  The rest of the adult population is either submerged into the gladiators (i.e. sports), are addicted to some sort of TV sitcom, drama bullshit, or are so immersed in internet Social Media that they have zero idea what is going on around them - let alone being programmed into believing what is going on around them.  The vast majority don't give a shit one way or the other outside of their ME!ME!ME world. That is just my take.

Dr. Engali's picture

I agree with what you said. My mom, dad, and in-laws are prime examples. Even though they gather information from the internet for news, they still take Faux news for gospel. I don't understand it.

Dr. Richard Head's picture

Indeed.  Those that are programmed by the legacy media are more infuriating than the zombies.  The programmed ones think it is ALL the fault of the other party.  Point out how "their" party did whatever example they gave in the previous administrations and the string of ad hominem attacks or outright indignatious anger follow.  I pull my hair out in disgust and then drink heavily while chain smoking in the garage, all the while wishing I could just somehow go back to sleep and be happy with the same worthless trinkets and distractions I used to enjoy...

Sigh......

NotApplicable's picture

I immediately start talking over anyone spouting MSM divide and conquer rhetoric by repeating a single point, over and over and over, until they finally shut-up and ask the only relevant question, "How so?"

My point?

"IT'S ALL FAKE! ALL OF IT!"

And of course, regardless of the subject, the crux of any issue ALWAYS returns to the fraud we call central banking.

Because even the sheeple understand the concept "Follow the money." Thing is, they've no idea where to even start, given they haven't a clue what a dollar is.

 

Dr. Richard Head's picture

Listen to the Podcast between Joe Rogan and Amer Lyon for a first-hand account of the lies CNN printed and broadcasted - https://www.youtube.com/watch?v=WZ1Dm-dcl68

Dr. Richard Head's picture

Based on the uses of the homeless, I would say an item best suited to clean windows...

Hindenburg...Oh Man's picture

newspapers are better than anything else for cleaning windows, streak free. 

indygo55's picture

They are used for bird cages, puppies and are really great for polishing windows. 

Divided States of America's picture

Hence no civil unrests will happen till one of these things happen:

-no food, clean water

-no power (so no TV or internet or sports)

-inflation of necessary items

-crime is happening close by and they are worry about their safety

 

stopthejunk1's picture

Try 200 years... or never.

cougar_w's picture

I was trying to be kind.

Actually I think this whole thing goes down at some point and with all the daily struggling to survive nobody actually notices.

Historians might mention something. That's all we'll get; hindsight.

detached.amusement's picture

let's just hope history is written in 20/20 and not overwritten by those that wish to tell a different...ah, "version of events"

spastic_colon's picture

who are these "genital" population you speak of....and how do you meet one/them?

WarPony's picture

 "'genital' population" ... believe he was referring to the penis-head proclivites?

The man with pointy horns's picture

If you have a dick or a vag you belong to the genital population.

BeerMe's picture

Too bad people don't see the clear thievery of the Fed along with .gov's income tax.

Dr. Richard Head's picture

I have tried to explain how the Federal Income Tax doesn't pay for one "service" they expect, rather it does to pay off interest on the debt the Federal Reserve creates out of their belly button lint......crickets from the Walkers.

detached.amusement's picture

haha...its a tough one, what part of 50-60% of necessary revenues are you missing?  (for stuff that's actually counted on paper, that is...)

A_latvian's picture

Damn those people and their free markets.  When is the government going to step in and do something about these unregulated markets?!

cougar_w's picture

Scaping your goat.

spastic_colon's picture

".....and then watch as the entire world suddenly goes all tar and feathers on a few million vacuum tubes...."

 

and republican candidates.

Dr. Richard Head's picture

The old, out of the frying pan.....

detached.amusement's picture

I've already made sure to stock up on all necessary vacuum tubes...they dont make those ones from the 1950s and 1960s anymore...

Bryan's picture

Renegade - by Styx

 

The jig is up the news is out they've finally found me
The renegade who had it made retrieved for a bounty
Never more to go astray
This will be the end today of the wanted man

 

 

stopthejunk1's picture

As soon as all you Reaganites/supply-sider/libertarian/Tea Party types started whining about how HFT isn't "fair," you lost any cred in your pleading for a "free" market.

"Free" means no regulation, which means that front-running is fine and so is anything else.  "Free" means the rich get richer, the rich always win, and the poor man gets trampled into the dust.  There are no Horatio Algers, except in stories.

Of course, it took something to make you feel "poor" in order for you to realize that.  Your cognitive dissonance must be deafening right about now.  This is why they say that a liberal is a conservative that's been laid off.

cougar_w's picture

But we are all about freedom. So of course we must have free markets, and they will be exactly as you describe them. Who gets rich from that point forward never enters into it.

moonman's picture

Free does not mean no regulation. It means no excessive rgulation. Insider trading is not part of a free market either.

Nobody complains cars are required to have seat belts.

detached.amusement's picture

like we've had a free market, to begin with...

 

this is such a tired argument....how you do that, feeling like you have solid argument yet ignore most of opponent's points?  sumting not add up.

evernewecon's picture

 

 

I'm still on this volume thing.

Even skimming pennies per trade

through bait and switch still meets

with corresponding volume.

So all I see are 2 possibilities as to

that:  unreported bait and switch

skimming black market or a lot

of volume matched to pennies-per-

trade.  This matters very much as to

things like price volume oscillators,

of course.

The extent seems a matter of conflicting

reports, though the ones saying widespread

seem more compelling.

 

From CNBC (Could Disappear There, Could Get Edited, Re-Edited,

So This Is Entered Here On A Best Of Memory Basis In Any

Case.)

 

"Pisani's market: Rubicon's IPO"

CNBC, 4/2/2014  

@1:45 Likelihood Of Being Affected Practically Nil

http://video.cnbc.com/gallery/?video=3000263498

 

(Certainly Seems At Odds With:)

 

Even If Only Pennies A Trade,

"Speed trading like armed robbery without risk: Pro"

Matthew J. Belvedere

 (At CNBC,) 4/2/2014

http://www.cnbc.com/id/101546954

 

 

 

"60 Minutes" By Way Of Zerohedge, Brad Katsuyama, Royal Bank Of Canada,

Says Bait And Switched.

Affects Pension Fund Trades.

Michael Lewis: Affects Everybody Who Has An Investment In The Stock Market.

 

The Point They're Making Is

It's Not Like Bud Fox Bidding

A Huge Block In Anacot Steel

And The Market Maker Only 

Adjusting The Clearing Price,

Seeing A Crowd Of Bidders All

Around Him, But Rather Systematic

Awareness Of What Someone Wants And 

Simply Baiting And Switching Them.

 

http://www.zerohedge.com/news/2014-03-31/market-rigged-michael-lewis-exp...

 

 

 

 

 

Urban Redneck's picture

Stop using pennies (plural) -- this game can generate billions at fractions of a penny.

(hint: an exponent then raised to a two-digit power of 10.) 

Godisanhftbot's picture

 Hey morons, howz that bitcon working out ?