Themis Trading Blog

Flash War!

02

Dec, 2014

flashwar

Earlier in 2014 Flash Boys woke up many with its allegations of rigged portions of the stock market. It did not awaken many of you, of course, because you trade daily and have been abreast of market structure issues for years. You already have known about THOR, Spread Networks, order-cancellation on different exchanges, dark pool leakage, and such. What Lewis did was examine a complex topic, envision a story – complete with heroes and anti-heroes – and tell it in an easy-to-understand way for the average investor at home.

 

Speaking from experience,…
[ continue reading this post » ]

Post a Comment

You must be logged in to post a comment.

 

“HFT Groundhog Day”

01

Dec, 2014

groundhog

The HFT public relations machine is out in full force.  They are currently busy pushing a book which tries to counter Michael Lewis’ “Flash Boys (we’ll have more on this later this week) and a new academic paper written by one of their favorite authors, Professor Jonathan Brogaard from the University of Washington.  The paper titled “High Frequency Trading and Extreme Price Movements”  is likely to be one which is often cited by the pro-HFT folks.

As you know by now, before we read a new academic paper,…
[ continue reading this post » ]

Post a Comment

You must be logged in to post a comment.

 

Beware of Those Offering Free Retail Trades

25

Nov, 2014



Reg SCI Does Not Go Far Enough

20

Nov, 2014



Instinet I-Only, Equal Acess, Bloomberg Tradebook, and IEX’s TOPS Feed

19

Nov, 2014



Be Wary of The Data

18

Nov, 2014



If I Don’t Do It, Somebody Else Will; HFT in Advertising

17

Nov, 2014



Quote Stuffing The Gateway – How Exchanges Are Profiting From Manipulative Acts

12

Nov, 2014



Do We Have Good Data? Elementary – Guest Post R.T. Leuchtkafer

11

Nov, 2014



“SIP Crash – The Sequel”

31

Oct, 2014



Home | Who We Are | The Themis Approach | Market Structure Analysis | Newsroom | Blog | Contact
Member FINRA & SIPC | Regulatory Disclosures | Copyrights ® 2014 All Rights Reserved By Themis Trading LLC
wp_footer()