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Spot The Birth Of High-Frequency Trading
One of these things is not like the other... one of these things just doesn't belong...
h/t @NanexLLC
Since the 'enabling' of high-freqnecy trading on US equity exchanges, instead of 'stability' or 'liquidity', the only word this chart screams at us is... 'noise'.
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It screams ILLEGAL to me!
If I remember correctly, if a human did this it was called manipulaiton as in "painting the tape" (or something like that) and's illegal.
It's interesting how 'it' went exponential (again) around mid-year 2014. I wonder what happened at that time? /sarc
I know a great breakfast joint in Chicago.
Quite a few actually.
Let me guess. Ceres Cafe /s
Quotes are not the problem. Cancellations are the problem.
following the pattern, in 2017, that chart will read 100 million quotes per...
or not...
Just remember, if it is a silicon based trading unit it its all good. But, if it is a carbon based trading unit then not so much.
Which is pretty much the way the world is going right now. Drones, surveillance, both video and audio.
my co-worker's mom makes $87 an hour on the laptop . She has been without work for 8 months but last month her pay check was $15653 just working on the laptop for a few hours. try this website... www.globe-report.com
Leee-quid-deeeee-teeeeeeee
Helping markets, one nano second quote at a time.
Never have understood how a cancelled trade contributes to liquidity.
Adds to GS lisquidity not your liquidity
Eventually they'll work out all the temporal dimensions and be able to send a signal back in time. HFT Algos will go nuts.
That actually has already happened.
HFTers had a faster network and actually gamed the feeds to the point they were able to trade as much as 190 milliseconds "before" the exchange itself did.
Fucking dup. I know I hit the button once!
DTs? Have a beer. That'll level you out. ;)
I've had em. Didn't like em.
Put some TITS on it and the SEC Might take a look at it...
They're really more of a midgets with buttplugs crowd.
Said with certantity.
Personal knowledge ?
Surely you remember this:
http://abcnews.go.com/GMA/sec-pornography-employees-spent-hours-surfing-...
http://www.zerohedge.com/news/first-hft-now-etfs-sec-slowly-wakes-its-po...
;)
Your secret is safe with me, Shorty.
From "front running" to "running in front of."
And I ain't talking a steamroller.
More like the Planet Jupiter.
And you are a "space ship."
I switched to position trading years ago to avoid the high cost of HFT. Now its limit orders and longer trades.
Hey, where did we go, days when the gains came?
Down in the basement, playing a new game
Spoofin’ and front-runnin’, hey-hey, a-pingin’ and a-pumpin’
In the HFT morning fog with our, our computers a-hummin’
And you, my bug-eyed quant
You, my bug-eyed quant
Whatever happened to Tuesdays so slow?
We’d spend all afternoon crossing the NBBO . . .
Certainly a NY Fed sponsored creation.
Hmm,,,,,, correlates almost exactly inverse of my human trading activity. But I admit i did not provide LI Quiddiddly squat on exiting.
Very plainly put, HFT uses quoting to slow time and provide the nanosecond info it so highly regards and needs, nothing more HFT is simply a way to shift time so that the only advantage in financial market place is for whomever is the highest bidder for the fastest connection. Why anyone uses these so called exchanges thinking they are getting a fair deal need to realize that any order you out in is at a huge disadvantage, which is why there are zero speculators left. The cmegroup placates to the volume scratchers who only goal is to get rebates, Cme likes it because it creates the appearance of volume when in reality all it is is a bunch of scratched trades in search of volume rebates. I really wish I could get a hold of a billionaire so I could recreate the open auction system like the trading pits because at least you know who's ass you will beat when they try to dk a trade, more importantly you know the person you are trading with and you know their customers also. I would make the contracts non fungible in any capacity outside the new exchange. It would put the rigged CME pay to play system out of business.
....JP Morgan, see Mike Morgan of the J. P. Morgan Family Trust...he spent some time here in #Eugene #Or. working at the U of O computer center, back in the day.