See this: http://www.reuters.com/article/idUSTRE5BK2U720091221
Bloomberg TV touched on this earlier this morning. Fearful of new regulation, High Frequency Trading Firms are looking to spread their dollars around in Washington to protect their profits. You may remember a story in August that had one large Chicago firm boasting of $1 billion in profits by itself in 2008. You [...]
We thought it would be helpful to have a reference depicting the market, its volume level, and market structure changes for the past 14 years or so.
http://www.themistrading.com/article_files/0000/0522/HFT_Timeline_Perspective.jpg
This is a SPY monthly chart, with corresponding volume in the lower frame. Note the increase in volume after decimalization, and the drastic spike in volume starting with REG [...]
“When in fact the Fed is an extra constitutional star chamber that controls our monetary policy with no oversight… big difference… the point is no one needs to know how that sausage gets made; we know there is a fair amount of pig rectum in there. Still delicious!
Besides the Federal Reserve is not owned by [...]
We have just released our latest white paper titled “Latency Arbitrage: The Real Power Behind Predatory High Frequency Trading.” You can view it here:
http://www.themistrading.com/article_files/0000/0519/THEMIS_TRADING_White_Paper_–_Latency_Arbitrage_–_December_4__2009.pdf
Reuters published an excellent article on high frequency trading titled “Who’s afraid of high frequency trading” (http://hft.thomsonreuters.com/2009/11/20/quiet-evolution-drawn-into-the-light/ ). A few of the high frequency traders even were bold enough to comment publicly on their secretive practice and how they view themselves. They seem to view themselves as:
1- Liquidity Providers – “People should expect and be willing [...]