Man Vs Machine: How Each Sees The Stock Market

Tyler Durden's picture

What you see with one min bars:

What the algos see in 9.5 seconds:

Courtesy of Nanex

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

All your Stock Markets are belong to us.  bitchez!

iDealMeat's picture

Good to see BATS all up and runnin..   nothing to see here.. move along..

12ToothAssassin's picture

Someone set up us the Algo

Make your time

Short Memories's picture

So... the Algos can't see the "event bar" ?



Cdad's picture

Indeed...what we don't see is the key.  And nine times out of ten, at the "event point" on the example chart, you will not see any volume, either.  And despite rules requiring trades to be posted within 90 seconds, you might not actually see that volume on the chart for days.  I know of a couple instances where shares sold NEVER made it to the NYSE consolidated tape.

The Nanex boys do a great job providing visual aides revealing the HFT criminal activity all over the markets.  One day, Mary Schaprio over at the SEC will actually want to stop having meetings with Goldman Sachs and JP Morgan [about how she should forget SEC regulations all together] and actually attempt to enforce some market that the market does not have to collapse to zero to eventually make the point that the MARKET IS COMPLETELY ABSURD and BROKEN!  Fucking DUH, M. Schapiro! 

Mactheknife's picture

Whaaaaat??  And give up that "job" waiting on know the one with the stock options and the corner office and the bonus....really? After all she's done for the boys....really?

AldousHuxley's picture

that was a POOR man vs. RICH machine comparison.


even retail brokers offer sub-minute chart timeframes...


pretty soon retail traders would be able to trade on Goldman Sach's old high frequency trading platform courtesy of Sergey Aleynikov who claims it is "open source"


According to goldman sachs, "there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways." Aren't GS traders already users of this program?

mickeyman's picture

It's a little known fact that HFT was invented by Al Gore. Hence the term "algos".

highwaytoserfdom's picture

What do you expect?  Look at Spitzer and his 5k sexcapades. The whole police state of the FBI monotoring his money taken for human weakness....  when Spitzer fought New York Stock Exchange Chairman Richard Grasso's 180m dollar pay package...  Never mind the 11b dollar sunguard club deal...controling the exchange systems     Schaprio Cox Nazerath, Bush Obama, Paulson  BROKE THE LAW The Prompt Corrective Action Law (PCA) – 12 U.S.C. § 1831o – not only authorizes the government to seize insolvent banks, it mandates it.   JP MORGAN FRONT RAN THE FED LAST WEEK.. Yea boy TARP goes to "reserves to banks to not lend" and push a stock buyback in 2011 AND last week with printed not earned money..Costing debt to taxpayers...    NO WE ARE LAWLESS.. Face it   Leges sine moribus vanae. In English: Laws without character are worthless...     

Atomizer's picture


Bulls On Parade - Rage Against The Machine


Shhhh. Just go back to sleep and drool from your mouth.

EverythingEviL's picture

Epic band. Zach and Tom were way ahead of their time. Have seen them many times in concert and it still gives me chills watching this. Thanks!

fockewulf190's picture

"Aaaannd its gone!"


"Move out of the way son, this line is for people with money in this bank!"

The Big Ching-aso's picture




This phucker's gonna do a HAL 9000 exit sooner or later.  BTW where in the hell's Dave?

Sokhmate's picture

you're everywhere and nowhere like something they taught us about. sheeet.

The Navigator's picture

odds about as good as buying a mega lottery ticket - either way you and I lose.

ChrisFromMorningside's picture

The federal government has been hijacked.

At the patrician level, it's been hijacked by a cartel of multinational banks who are in the process of robbing and asset-stripping this nation 15 trillion ways from Sunday.

At the plebeian level, it's been hijacked by unions that only care about getting "theirs," even if it means bankrupting the public treasury in the process.

MagicHandPuppet's picture

People have been hijacked by governments for a very long time.

The Navigator's picture

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." -- Thomas Jefferson

We the sheeple, haven't learned shit - there it was, right before our eyes, the truth, but we choose to ignore it, and in the process we fucked ourselves and our childrens future. Now, the fight is gonna be hard and long, with many lives lost to reclaim what was ours, a gift from our forefathers who had fought a battle against the greatest army/navy at that time. Step 1 is not grab a rifle and shoot - step 1 is bring your neighbors, friends and relatives into the light, educate them - we need more than 3%.

earleflorida's picture


"Crime is contagious. If a government becomes a lawbreaker, it breeds contempt for the law; it invites every man to become a law unto himself... To declare that the government may commit crimes in order to secure the conviction of a private criminal --- would bring terrible retribution."

Justice Louis Brandeis, Olmstead v. United States. 1928

Ps.    Ford pardons Nixon - time for the country to move on? What bullshit!

Ps2.   Reagan should have been impeached - Iran-Contra & NPT lying to Congress?

Ps3.   Bush #43 should have been impeached for destroying the very word of the U.S. Constitution - literally lying to congress while shredding the "Bill-of-Rights" - a 2fer!

Note: But, what do they do to Clinton when a man has a weak moment, destroy him, and make his last years in the WH impossible to administrate.

Were Fucked, whomever gets in the WH. Romney will take us into war immediately, and Obama will finish off our civil liberties. Just sucks,...


FrankThinkTank's picture

Let's not forget Carter and the CRA, or Clinton and Glass-Steagall Section’s 20 and 32, you partisan pinhead. 

slowimplosion's picture

The CRA had ZERO to do with this mess and onlly an idiot who listens to certain talk radio and actually believes it would think otherwise.


All that property in FL, NV, GA etc did NOT go to low income unqualified borrowers, it was 90% tract mansions for the middle class and above.


As for Glass-Stegall, that was much more of a Republican dedregulate, deregulate degregulate deregulate degreulate iniative than some kind of Clinton one.  He merely signed what the degrgulate TARDS demanded year after year after year.


Clinton made PLENTY of serious mistakes.  Why don't you identify those, and I will agree with you.

dogbreath's picture

yup clinton was a well known horndog.    I view these big political media circuses as an opportunity for TPtB to keep the sheeple distracted in case benafir and branjelina aren't doing their job.  meanwhile the rapeing and looting continues

overbet's picture

You know how CNBC employees are forbidden from owning stocks, well if you have worked at a government agency you should be prevented from ever working at a broker dealer. They should also pay the SEC enforcment division people a percentage of the corruption they take down. Then we would see them go after the big crooks and not the guy who made $2500.

Isotope's picture

Good idea for the SEC people.

Problem is, it's not worth your life.

People have been killed - I mean have committed suicide - for less.

iinthesky's picture

Not really a problem.. IRS does it on the other side of the coin and congress has authority to do stuff like this with its power to issue letters of marque and reprisal. You would see a whole new form of bounty hunter appear on the scene. Serious retribution! Problem really is that the law has become irrelevant. They do whatever they want, damn the law. Maybe they just cant be bothered reading all 50 gazillion statutes and modifications of statues that come every day from unelected scum.

citta vritti's picture

"letters of marque and reprisal" - excellent. only thing, they currently go by a different name: bank charters

Vint Slugs's picture


"...visual aides revealing the HFT criminal activity..."

Please elaborate.  I'd like to know what's criminal about running a bot trading system.  Thx.

Btw, if you're not up to speed one of the 3 major areas of ongoing technological advance is robotics (the other 2 are in genetics and nanotechnology).  There is no way, short of a systemic socio-economic collapse, that those 3 areas are not going to experience exponential growth in the next decade.  HFT (robotics) is just the initial phase (because it's the easiest initiated via software) in that evolution.

dvsteenk's picture

Do you deny the statement that HFT are frontrunning trades, pretty much like in a casino where one player has a continuous view on what cards other people are holding or about to throw on the table? In a normal casino, this is considered illegal.

I'm not saying they're all criminal, but the ones that frontrun and cheat on people are.

To defend HFT just because of the sheer beauty of the science behind the algo's (or genetics, hi-tech) without any consideration for ethics is deplorable

centerline's picture

Your kidding about asking what is wrong with this?

Spend some time reading up on the various algos that do nothing positive for the market - they just game the system in various ways to skim money out of the system.  A few bots here, a few bots there, and pretty soon the market is getting clobbered on a regular basis across indexes and major stocks held by so many people.  A "tax" on the system.  Not to mention the risk (flash crash... remember that?) of all this bullshit creating false liquidity... it's not liquidity, it is just volume.  Fucking crooks locate the servers as close as possible to the exchanges to get every edge possible in terms of timing.  Sound fair to you?


BLOTTO's picture

Ghost in the fuckin Machine

The Big Ching-aso's picture



When's that tall skinny ET cracker gonna tell this thing to, "Klaatu barada nikto", already?

oogs66's picture

Nanex should sell it as modern art

Dragonsgrace's picture

I just want to know if the Algo Machine can get a date on "successful men,com?" 

WhiteNight123129's picture

Pull the power plug and watch if the algo survives, give it some water and potatoes and some silver for barter and check if your computer algo is alive and well with that. 

sunaJ's picture

I see dead people.

Divided States of America's picture

Effin bots sees the next tick before it even happens..

francis_sawyer's picture

Where's the quadruple "Evel Knievel" formation?

Unprepared's picture

It's as beautiful as the scenes of Baghdad getting bombarded at mid-night.

Zero Govt's picture

the bot doesn't 'see' anything's a number crunching front runner, that's it

donsluck's picture

I see the messy results of mechanised masturbation. Icky.

WmMcK's picture

Don't knock masturbation -- it's sex with someone you love.

WeekendAtBernankes's picture

Or hate sex with someone you hate.

earleflorida's picture

i sometimes make love to myself twice a day

Caviar Emptor's picture

If all life ceased to exist, the bots would still pump and trade with each other. And play with themselves