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Last year, our friend RT Leuchtkafer wrote a letter to the Financial Times where he coined the phrase the “high frequency four horsemen”. We would like to update this four horsemen of high frequency trading phrase with some more specific HFT advantages. The four horsemen of high frequency trading that we refer to are: data feeds, colocation, order types and rebates. We have written extensively about how a combination of all four of these horsemen gives the HFT a unique advantage in the equity market. Taken by themselves, each horseman does not give that much of an advantage to the HFT. But combining all
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Themis Trading is an independent, no-conflict, institutional agency brokerage firm specializing in equities. The purpose of our blog is for a discussion of market structure issues as well as general market commentary.
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LOL..we got another 14% increase this year RT @whitehouse: Premiums are falling: at.wh.gov/ldBVl #ObamaCareInThreeWords 14 hours ago1,666 14 hours ago
I remember when the tumbler was what we used to make the martini. 17 hours agoWhoa... Why did the market just crash...errr ... I mean fall 2 S&P points? 18 hours ago| Home | Who We Are | The Themis Approach | Market Structure Analysis | Newsroom | Blog | Contact |
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February 4th, 2013 at 6:43 pm
[...] example, unabashed Luddite Sal Arnuk of Themis Trading, names the “four horsemen of high frequency trading” (as opposed to the Apocalypse) [...]
February 4th, 2013 at 6:47 pm
[...] example, unabashed Luddite Sal Arnuk (@ThemisSal) of Themis Trading, names the “four horsemen of high frequency trading” (as opposed to the Apocalypse) [...]