Themis Trading Blog

Is Test Group 3 of the Tick Size Pilot Program Being Set Up To Fail?

27

Aug, 2014

pennytick

We are happy to see that progress is being made on the tick size pilot program.  Two months after the SEC instructed the exchanges and FINRA to submit a plan for the one year wide tick pilot program, the exchanges and FINRA have complied .   However, the plan does provide some new exceptions that do worry us (more on those later).

Just to refresh your memory, here is what the SEC proposed:

“The pilot program will include stocks with a market capitalization of $5 billion or less; an average daily trading volume of
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ALS Ice Bucket Challenge – High Frequency versus Low Frequency!

24

Aug, 2014

Ice-Bucket-Challenge-Ices-the-Viral-Competition-for-ALS-Disease-640x360

The ALS Association is an American nonprofit organization that raises money for research and patient services, promotes awareness about and advocates in state and federal government on issues related to amyotrophic lateral sclerosis (ALS), also known as Lou Gehrig’s disease.

The disease is debilitating and horrific. Typically, the ALS Association receives about $2.5 million/year in donations – that is until 2014, when the Ice Bucket Challenge social media campaign went viral. Through this past Friday the campaign is responsible for bringing in just over $60 million to ALSA.org.  This is simply amazing and wondrous, not only for the…
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Bart “Cheetah” Chilton Now Loves the Kitties!

22

Aug, 2014



All Yous Guys Pay Up! (Response to Larry Tabb Open Letter to Senator Levin)

19

Aug, 2014



Might As Well Jump!

15

Aug, 2014



The Uber Frequency Trader – Part II

13

Aug, 2014



The Uber Frequency Trader

11

Aug, 2014



IEX, Diversion Tactics, and the New Market Share HFT Math!

07

Aug, 2014



The SIP – Yogi Berra: Nobody Goes There Anymore…

05

Aug, 2014



Order Type Disclosure

30

Jul, 2014



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