High Frequency Trading
(Alleged) Footage Of Hillary's Email Scrubbing Strategy
Submitted by Tyler Durden on 08/21/2015 17:35 -0500We’ve posted a lot of “dismal’ stuff today, but since it’s better to laugh than to cry, we give you the following...
It's Not The Economy Stupid: It's The Fed
Submitted by Tyler Durden on 08/16/2015 10:12 -0500Today many are talking about the economy, but that’s all they’re doing: talking. Doesn’t matter if its today’s politician, CEO’s from the largest corporations, some national or regional business association figure-head, right down to academia with its self-perpetuating gaggle of Ivory Tower economic aficionados. All they are doing is paying lip-service to the problems. And the reason? They can’t do anything about it because as of today, the U.S. economy is being controlled high-handedly by The Federal Reserve. The U.S. economy has never before been under the command and control of a single entity – until now. Today the Fed. entices nearly all businesses to focus on short-term games of financial engineering rather than on core business principles to grow. This is what a stance at the zero bound gives rise to.
Zero Hedge: What Should We Do?
Submitted by George Washington on 08/16/2015 01:21 -0500Open Thread ...
Released Hillary Clinton Emails Reveal... She Was Reading A Book On How To Delete Emails
Submitted by Tyler Durden on 08/13/2015 22:52 -0500You can't make this stuff up!!!
"Project Omega" - Why HFTs Never Lose Money: The Criminal Fraud Explained
Submitted by Tyler Durden on 08/13/2015 14:31 -0500- Algorithmic Trading
- B+
- Bloomberg News
- Cliff Asness
- dark pools
- Dark Pools
- Department of Justice
- fixed
- goldman sachs
- Goldman Sachs
- HFT
- High Frequency Trading
- High Frequency Trading
- Liquidnet
- Market Manipulation
- None
- Prop Trading
- Reality
- Securities and Exchange Commission
- Stop Trading
- Trading Strategies
- United States Attorney
- Wall Street Journal
It doesn't get more flagrant than this: the full HFT criminal monty exposed for all to see.
Biggest US Dark Pool Busted For Rigging Markets, Engaging In Precisely The Manipulation It Warned Against
Submitted by Tyler Durden on 08/11/2015 17:07 -0500The WSJ reported that none other than the operator of the biggest dark pool in the US by volume, Credit Suisse and its massive Crossfinder dark pool, "is in talks with regulators to settle allegations of wrongdoing at its “dark pool” with a record fine in the high tens of millions of dollars, according to people familiar with the matter." What is grotesque about this story, is that back in December 2012, it was none other than Credit Suisse which conveniently explained and laid out all those forms of HFT manipulation which we accused virtually every HFT firm of employing since 2009... and which Credit Suisse itself is now accused of engaging in!
Fed/Treasury Worried High-Frequency-Trading "Hurts Market Function"
Submitted by Tyler Durden on 08/04/2015 13:34 -0500Just days after China bans Citadel (and its high frequency trading) from trading Chinese markets, US Treasury and Federal Reserve officials have been forced to admit they "need to consider whether the race for speed, at this already advanced stage, helps or hurts market functioning." As WSJ reports, Fed governor Jerome Powell and Antonio Weiss, a senior counselor to U.S. Treasury Secretary Jacob Lew, said Monday that the government should re-evaluate the structure of U.S. markets in light of recent events. They are growing more concerned about signs that financial markets have grown more volatile with the growth of fast trading. As Weiss concludes, "the constant pursuit to save one more millisecond not only consumes resources potentially better invested elsewhere, but increases the pressure on the plumbing of the system to handle ever-increasing speeds and messaging traffic." The pre-emptive blame-mongery is beginning...
Frontrunning: August 4
Submitted by Tyler Durden on 08/04/2015 06:32 -0500- Apple
- Bank of America
- Bank of America
- Bond
- Bulgaria
- Carbon Emissions
- China
- Citadel
- Corruption
- Creditors
- Crude
- Daimler
- default
- goldman sachs
- Goldman Sachs
- Greece
- High Frequency Trading
- High Frequency Trading
- Hong Kong
- Ken Griffin
- LIBOR
- Market Share
- Merrill
- Merrill Lynch
- Natural Gas
- NBC
- Oaktree
- PIMCO
- Puerto Rico
- ratings
- RBS
- Reuters
- Royal Bank of Scotland
- Securities and Exchange Commission
- Tata
- Turkey
- UK Financial Investments
- Wall Street Journal
- Yuan
- Unhappy Voters Shake Up Presidential Race (WSJ)
- China stock exchanges step up crackdown on short-selling (Reuters)
- China Dethroned as World’s Most Liquid Stock Market After Curbs (BBG)
- Xiaomi retakes the smartphone lead in China as Apple slips (Engadget)
- Impact of EPA’s Emissions Rule on Industry to Vary (WSJ)
- Citadel’s Ken Griffin Leaves 2008 Tumble Far Behind (WSJ)
- Greece says expects bailout deal by Aug 18 (Reuters)
In Latest Market-Rigging Scandal, ITG Busted For Frontrunning Clients In Its Dark Pool
Submitted by Tyler Durden on 07/29/2015 19:36 -0500Since the market is once again on the verge of a terminal liquidity seizure with its associated side-effects (see China for details), the authorities needed to remind the "market" just who the scapegoat will be when the next crash finally does come. Which is why earlier today in an unexpected "preliminary second quarter guidance" release, ITG, owner of the Posit dark pool, was just busted with a $22.6 million potential SEC settlement for what appears to have been blatant frontrunning of company clients in its own prop trading pod. But what is particularly amusing in this case is that while everyone knows that when it comes to HFT's, it is never called "rigging" - the proper nomenclature is "glitch", so now we learn a new term to use instead of "criminal frontrunning" - drumroll... trading experiment,
When Blind Faith In Memes And Taglines Turn Dangerous
Submitted by Tyler Durden on 07/27/2015 11:12 -0500Over the last five-plus years in regard to today’s financial markets, the most revered memes that are recited in unison whether it’s in the form of a silent prayer or, it’s done in a near backwoods revival fashion from the televised financial shows “pulpit” in a “Can I get an …. !!!” stylized homily are: “It’s different this time!” followed with “The Fed’s got you’re back.” However, what they mean today may find those that put all their “faith” into such dogma finding that faith severely tested. For as of today July, 26, 2015 It truly is – different this time. And what else is different is: the Fed. may indeed have one’s back. Only problem this time is – that back may no longer be “yours.”
How Monsanto, Exxon Mobil, & Microsoft Lobbyists Are Bundling Funds For Hillary
Submitted by Tyler Durden on 07/23/2015 20:15 -0500The pantsuit revolutionary is at it again. Once again demonstrating her populist chops by employing the services of lobbyists to bundle millions in campaign funds. It’s no wonder opinion polls on her have been plunging as of late.
The Hard Truth: For Retail Investors, The NYSE Is Always Out Of Service
Submitted by Tyler Durden on 07/23/2015 17:15 -0500The real reason why retail investors weren't impacted by the NYSE's halt is a hard truth... to retail investors, the NYSE is always dark
Where Do Retail Investor Orders Go? The simple answer: to the highest contracted bidder. Stock "wholesalers" or internalizers like Citadel or Knight pay retail brokers lots of cash to execute retail trades, essentially creating a "third market". Why? Because in a high frequency trading world, where stock prices have never been more fuzzy to the end user, but crystal clear to those that spend enormous sums on colocation and PhD employees, it's never been easier to print money (not unlike Bernie Madoff's scheme in the 90's). But that is the subject of a much, much longer story. Someone should write a book.
Hillary Clinton Blasts High Frequency Trading Ahead Of Fundraiser With High Frequency Trader
Submitted by Tyler Durden on 07/15/2015 16:30 -0500One of the most entertaining angles of the imperial spectacle known as the 2016 U.S. Presidential campaign, has been watching Hillary Clinton, the consummate insider, pretend to be an outsider. The fact that anyone eats this up is a testament to the epic stupidity and ignorance of the American public.
How High Frequency Traders Broke, And Manipulated, The Treasury Market On October 15, 2014
Submitted by Tyler Durden on 07/13/2015 22:55 -0500But... but... they just provide liquidity.
Why The NYSE Debacle Mattered
Submitted by Tyler Durden on 07/12/2015 10:47 -0500On Thursday this past week there were a few attempts at crisis management that should go into textbooks (as well as history books) everywhere in years to come as: Crisis Management 101.a – Lessons in Ineptitude. The responses as to settle the angst in an ever-more-skeptical, as well as frightened investing class was not only inane as demonstrated by the responses (or better yet; lack there of) given at the NYSE by way of “answering” as to why it halted its operation for nearly 4 hours. Was only outdone by what many view as the near insane when one views the steps taken in China to “calm” their markets. Is that how one instills confidence? It instills something – however the term isn’t anything resembling “confidence.”



