Senator Kaufman gave another speech on the Senate floor yesterday continuing to press the SEC for a broad review of high frequency trading. The Senator clearly understands the issues that are facing our equity markets and is not afraid to ask questions. We applaud Senator Kaufman and his effort to shine a light on a [...]
Sal was on the Canadian business channel, BNN, this morning talking about flash trading. He closed the interview with this statement: “It begs the question, if flash trading was so easily passed, what else do we not see in the murky waters of high frequency trading?”. Have a listen for yourself:
http://watch.bnn.ca/#clip215906
Saw this headline on on ZeroHedge.com, “Cramer Launches Flash Defense Campaign” http://www.zerohedge.com/article/cramer-launches-flash-defense-campaign At first I thought it had to be a misprint, since almost every major market participant has distanced themselves as far as possible away from flash orders. After the controversy reached a fever pitch in late July, almost every major broker issued letters [...]
This morning the WSJ has an article about HFT http://blogs.wsj.com/marketbeat/2009/09/17/looking-for-love/ that states, “High-frequency traders have kept relatively quiet amid the criticism, at least publicly, even amid heightened scrutiny.” You would think that in the past month, article after article has been flooding the media with anti – high frequency trading propoganda, while high frequency trading [...]
There is an article on C16 of today’s WSJ: Small-Caps Are Missing Out On High-Frequency Trading Benefits(http://online.wsj.com/article/SB125306075442314147.html?mod=googlenews_wsj). It is a well written article that laments that the liquidity HFT provides in large caps is absent in small caps, because HFT players don’t play there.
While we would agree that the large cap space is in fact [...]
You tell me. In Wall Street and Technology: Kx Systems adds a new release to its trading product which adds the ability to timestamp in NANOSECONS> That is a billionth of a second. See: http://www.wallstreetandtech.com/data-latency/showArticle.jhtml;jsessionid=MFBJ4BRWRSFP1QE1GHRSKHWATMY32JVN?articleID=220000102
While I mean no disrespect to the obviously extremely bright and innovative firm, KX Systems, I suppose I just [...]
Never forget. We will never forget here. Joe and Vic were midtown at Instinet, and I was at 30 Broad. My building just cleared out when coverage of the first plane hitting was on CNN. I remember hearing the first crash into the tower. I wouldn’t leave, as I was waiting for my sister, Karen, [...]
Why am I hearing more about the anniversary of Lehman’s collapse more than the anniversary of 9/11?
Today is an interesting day in the markets. As I write this the market is down about 1.5%. It is shrugging off very good ISM numbers. ISM prices paid was 65.0 versus a surveyed 57.8 as well. The tape is straight down. It reminds me of the old saying, that bull markets end on good [...]
Time’s “Truth About High Frequency Trading”, and My Comments
Ari J. Officer, a contributor to Time Magazine, pens this piece in Time Magazine this week entitled The Truth About High Frequency Trading: http://www.time.com/time/business/article/0,8599,1925661,00.html
The summary: HFT is advanced market making. It makes it cheaper to trade for ordinary investors as it tightens spreads and adds liquidity. High Frequency Trading needs more competition, as the largest [...]