Clik here to view.
Special Order Type Exposure Hurting HFT Advantage
The TABB Forum interviewed Haim Bodek today on the state of the current HFT advantage. Surprisingly he believes that because of the exposure of order types that have been available to only a connected...
View ArticleClik here to view.
Grand Theft Market: High-Frequency Frontrunning CME Edition
One of the New Normal responses to allegations, first started here in 2009 and subsequently everywhere, that all HFT does is to frontrun traditional market players (among many other evils) now that its...
View ArticleClik here to view.
Frontrunning: December 9
Glass-Steagall Fans Plan New Assault If Volcker Rule Deemed Weak (BBG) … “if”? The banks control the legislators and regulators… Cellphone data spying: It’s not just the NSA (USA Today) Major tech...
View ArticleClik here to view.
1215095 – The Flash Boys Mystery Solved
Submitted by Sal Arnuk and Joe Saluzzi via Themis Trading, The blog posts and defenses of high frequency trading in the past week have come with dizzying high frequency. They have taken the form of...
View ArticleClik here to view.
As Monday Looms, Experts Warn Japan’s Half-Trillion Dollar Fat-Finger-Trade...
Just over a week ago, the Japanese stock market participants were stunned when stock orders amounting to a whopping $617 billion (yes Billion with a B) – more than the size of Sweden’s economy – were...
View ArticleClik here to view.
“Turn Those Machines Back On”– The Day The Bond Market Died (If Only For A...
The first hint that Skynet was self-aware took place on May 6, 2010, when the DJIA crashed over 1000 points in minutes, a move we warned would take place in April of 2009 with “The Incredibly Shrinking...
View ArticleClik here to view.
Treasury Market Liquidity From Lehman To The October 15 Crash In A 1 Minute...
It is now just over a month since the infamous Treasury flash crash of October 15, which has by now surpassed the May 2010 stock market crash in terms of causative mystery as well as again exposing the...
View ArticleClik here to view.
Spoofer Complains About Spoofing, Is Ignored, Starts Spoofing, Gets Busted,...
In light of Blackrock’s Hillary Clinton’s sudden interest in taming high frequency trading and imposing a fee on order cancellations, something we have said is imperative ever since 2009 and now is far...
View ArticleClik here to view.
How Illiquid Are Bond ETFs, Really? (Spoiler Alert: Very!)
Authored by Dave Nadig, via Factset.com, "Transcendent liquidity" is a somewhat silly-sounding phrase coined by the equally silly Matt Hougan, CEO of ETF.com, to discuss the odd situation in...
View ArticleClik here to view.
ZeroHedge: With Wall Street Bitten by the Blockchain Bug, How Do We Admit the...
Be prepared for the next great transfer of wealth. Buy physical silver and storable food. I attended a panel discussion on private blockchains in banking at UBS in NYC last night. There were two...
View Article