On the eve of Thanksgiving, we want to wish all of our friends, clients, and their families a safe and happy Thanksgiving holiday. Spending loving time with friends and family, being thankful for our blessings, and having a special day set aside to do exactly that is truly one of America’s best traditions.
Please be safe [...]
What is it about FNM and the $1 handle. The stock has not budged since 9:40 am yesterday. It has traded in the $1.01-$1.02 range on 16mm shares since that time. And since November 2nd, FNM has traded between $1.00 and $1.07 on over 400 million shares. What is it about the $1 mark? Why [...]
We have been warning about the rampant expansion of High Frequency Trading for over a year now. Well, the real money has been made, by the real players. The quiet ones. The ones who never bragged about it. Steadily the practice has been moving downstream the smart-money line. Naked access. Seminars. How-to books. You get [...]
The ICI has reported that US institutional domestic equity volume has fallen by 27% year over year. Yet market volumes have increased by 16%. So, I am thinking about a few things: First of all, obviously this means that HFT volume has skyrocketed even more this year (duh). Second, we hear continually how HFT lowers [...]
We are featured. The original documentary was 40 minutes long, and included much on UK bank bailouts. This version is edited to just include the HFT portions. As many of you noted to me, Mr Robinson’s voice may be perhaps one of radio’s best voices ever.
http://www.bbc.co.uk/programmes/p004vqkc
Enjoy!
At this point we have all become accustomed to the HFT defense playbook. The defenses:
– HFT adds liquidity and reduces spreads
– HFT aids in price discovery
– HFT lowers transaction costs for all
– HFT is market-making evolved
– There are no studies that show HFT to be harmful
are repeated ad nauseum by HFT practitioners, well-known industry veterans who [...]
A month or so back we pointed out an article where a firm has developed the tools to measure latency for time-stamping in nanoseconds for HFT firms. So… milliseconds = thousandths of a second, microseconds = millionths of a second, and nanoseconds = billionths of a second. Got it…
Just a few days ago cPacket introduced [...]