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Chinese Regulator Proposes Ban On High-Frequency Trading
It appears Chinese authorities want to be the monopoly manipulator of their stock markets. Just a week after BlackRock suggested (and Hillary spewed) plans for transaction taxes in US markets to effectively kill high-frequency-trading (and all its ills), China's Securities Regulator Commission (CSRC) has proposed limiting the use of automated trading programs in the stock market. Of course, just as we saw last nght in China futures, we assume CSRC only wants to ban "selling" algos and not "spoofers" pushing stocks higher.
CHINA PRESS: The China Securities Regulator Commission said it is seeking public opinion on limiting the use of automated trading programs in the stock market.
The stock market regulator said such automated trading systems could fuel market volatility and affect fairness.
It plans to tighten access and also to review the mechanisms behind automated trading systems and would authorize stock exchanges to levy extra charges on such automated systems.
The CSRC also wants to ban domestic investors from using overseas servers for their automated trading platforms. (China Securities Journal)
Despite the Citadel ban, HFT is alive and well in China futures... as Nanex exposes just last night...
Clear as a bell spoofing pattern in SGX FTSE China A50 futures in first 45 minutes after midnight EDT
And more...
Close-up of that spoofing algo in China A50 futures: pic.twitter.com/EOismqDE6K
— Eric Scott Hunsader (@nanexllc) October 12, 2015
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Smell something burning?
Almost every day their trying something new to stop the market crazyness.
Matter of time before SHTF.
Just tax 'em a penny-per-share-traded. That will slow down the Algos. HFT meet PPST!
A penny per share traded won't do anything because often the quotes never trade. Perhaps a penny per contract quote /change might do something.
trying? Are you sure? They wish to have a one way market...up regardless of profit.
Just issue zero-coupon bonds, have the central bank buy them, give poor people the money, default on the bonds. May as well happen now since it's going to later.
Anything that WS does not want, I am for. It could be proposed by Satan himself. I think WS is worse than Satan... Or China
YOU GOT THAT RIGHT !!
Drag the flash boiz thru the streets!
At last!
Good luck shoving the genie back in the bottle. Skynet will not go quietly.
HFT is one of the main methods of Fed/Wall St control of markets. We've known HFT is nothing but criminal manipulation of markets for years, yet nothing is done. I'd be very surprised if China is allowed to do away with it.
If the government says "Yes" it means "No".
If the government says "No" it means "Yes".
Nothing can be simpler than that.
Ya mean I wont be able to buy and sell a billion shares in a millisecond anymore? I'll have to find another way to fleece the retail investors, Mom, Pop, and the other suckas.
The chinx are as crooked as the Wall Street theives.
Wait...is ZH saying that HFT is good??? HFT and naked short sellers need to be beheaded
Longs should be careful now as the bears seem eager to take back some part of this 8% rally.
OCT9-10 is an important cycle period.
http://tripstrading.com/2015/10/09/sp500-how-cycles-take-their-time/
Doji, Friday, today again?
http://tripstrading.com/2015/10/10/sp500-suffering-from-low-energy/
China could be quicker to learn than the West that has been dealing with asset bubbles since Tulip mania in 1600s Holland.