And so it begins. The HFT crowd has launched their defense. As we all know, the HFT crowd is a secretive bunch so their defense is being launched though various surrogates who have their own self interest at hand. First, there are the brokers. We have seen many of these “client” letters from brokers over the past week and they all seem to have the same theme: The HFT attack was launched by self interested market participants and it is filled with erroneous statements and misinformation. They all also now seem to be against “flash orders”.
We wonder where these brokers
This content is restricted to site members. If you are an existing user, please login. New users may register below.
| Home | Who We Are | The Themis Approach | Market Structure Analysis | Newsroom | Blog | Contact |
| Copyrights ® 2012 All Rights Reserved By Themis Trading LLC |
August 6th, 2009 at 1:10 pm
Yep – Who has the guts to say enough is enough. This is not a good pratice and I’m not going to allow it on my exchange.
Of course if others do it – and think it is OK – who do you bring them to? Is there a place to be able to say “play fair or you are not allowed to play at all?” – - You are not allowed on this playground any longer until you have learned how to play nice.
If we do not show self control – then we will have control forced upon us in due time. And you can be sure we will not like what is forced upon us.