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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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Wed, 04/02/2014 - 13:37 | 4617868 JJSF
JJSF's picture

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

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

Wed, 04/02/2014 - 13:48 | 4617915 negative rates
negative rates's picture

I hate when that happens.

Wed, 04/02/2014 - 14:10 | 4618037 FL_Conservative
FL_Conservative's picture

Best of luck taking on SkyNet.

Wed, 04/02/2014 - 14:18 | 4618070 icanhasbailout
icanhasbailout's picture

hey while we're doing the whole "Google Trends" thing, this one is pretty interesting too:

 

http://www.google.com/trends/explore?q=fucked+over#q=fucked%20over&cmpt=q

Wed, 04/02/2014 - 15:02 | 4618242 AngryGerman
AngryGerman's picture

there's one that's even more trending:

 

 

http://www.google.com/trends/explore?q=fucked+over#q=fucked%20over%2C%20...

 

Wed, 04/02/2014 - 15:54 | 4618452 Urban Redneck
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... 

Wed, 04/02/2014 - 13:40 | 4617880 PlusTic
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!

Wed, 04/02/2014 - 14:17 | 4618062 Dolar in a vortex
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.

Wed, 04/02/2014 - 13:42 | 4617891 icanhasbailout
icanhasbailout's picture

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

Wed, 04/02/2014 - 14:04 | 4617993 buzzsaw99
buzzsaw99's picture

Domo arigato, Mr. Roboto

Wed, 04/02/2014 - 13:47 | 4617896 Dr. Engali
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.

Wed, 04/02/2014 - 13:48 | 4617914 Dr. Richard Head
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.

Wed, 04/02/2014 - 13:49 | 4617926 negative rates
negative rates's picture

They'll straighten up soon as Barney arrives.

Wed, 04/02/2014 - 13:54 | 4617945 Dr. Engali
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.

Wed, 04/02/2014 - 13:58 | 4617963 Dr. Richard Head
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......

Wed, 04/02/2014 - 14:22 | 4618082 NotApplicable
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.

 

Wed, 04/02/2014 - 14:44 | 4618171 Dr. Richard Head
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

Wed, 04/02/2014 - 13:53 | 4617947 Headbanger
Headbanger's picture

What's a "newspaper"?

Wed, 04/02/2014 - 13:54 | 4617952 Dr. Richard Head
Dr. Richard Head's picture

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

Wed, 04/02/2014 - 13:58 | 4617964 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

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

Wed, 04/02/2014 - 14:12 | 4618048 alangreedspank
alangreedspank's picture

No ink smudges ?

Wed, 04/02/2014 - 14:35 | 4618145 SnobGobbler
SnobGobbler's picture

the ink gets on your hands, not the glass

Wed, 04/02/2014 - 13:56 | 4617959 indygo55
indygo55's picture

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

Wed, 04/02/2014 - 13:57 | 4617961 Divided States ...
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

 

Wed, 04/02/2014 - 14:01 | 4617979 cougar_w
cougar_w's picture

Give it 20 years.

Wed, 04/02/2014 - 14:10 | 4618034 stopthejunk1
stopthejunk1's picture

Try 200 years... or never.

Wed, 04/02/2014 - 14:23 | 4618090 cougar_w
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.

Thu, 04/03/2014 - 09:21 | 4620821 detached.amusement
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"

Wed, 04/02/2014 - 13:50 | 4617933 spastic_colon
spastic_colon's picture

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

Wed, 04/02/2014 - 14:02 | 4617983 WarPony
WarPony's picture

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

Wed, 04/02/2014 - 14:44 | 4618169 The man with po...
The man with pointy horns's picture

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

Wed, 04/02/2014 - 13:45 | 4617906 BeerMe
BeerMe's picture

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

Wed, 04/02/2014 - 13:49 | 4617922 Dr. Richard Head
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.

Thu, 04/03/2014 - 09:23 | 4620824 detached.amusement
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...)

Wed, 04/02/2014 - 13:47 | 4617911 A_latvian
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?!

Wed, 04/02/2014 - 13:47 | 4617913 cougar_w
cougar_w's picture

Scaping your goat.

Wed, 04/02/2014 - 13:49 | 4617920 spastic_colon
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.

Wed, 04/02/2014 - 13:50 | 4617931 Dr. Richard Head
Dr. Richard Head's picture

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

Thu, 04/03/2014 - 09:24 | 4620829 detached.amusement
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...

Wed, 04/02/2014 - 13:53 | 4617948 Bryan
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

 

 

Wed, 04/02/2014 - 14:13 | 4618051 stopthejunk1
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.

Wed, 04/02/2014 - 14:26 | 4618103 cougar_w
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.

Wed, 04/02/2014 - 14:27 | 4618109 moonman
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.

Thu, 04/03/2014 - 09:26 | 4620838 detached.amusement
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.

Wed, 04/02/2014 - 14:15 | 4618056 evernewecon
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...

 

 

 

 

 

Wed, 04/02/2014 - 15:58 | 4618476 Urban Redneck
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.) 

Wed, 04/02/2014 - 14:42 | 4618164 Godisanhftbot
Godisanhftbot's picture

 Hey morons, howz that bitcon working out ?

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