scale of trades, which must be mostly fake anyway, or else , there's not cost to the brokers
for making trades, which might also be true. I'd tell governments to tax these thousands of
trades, and at least we'd get some money out of the banks, but govs are not listening.
So brokers trade stocks, or whatever, in their thousands,
thousands of times per second,
to get that last£0.000012423 per share
that will pocket them £50 000 before lunch, every day.
that's helping society. @sarc
that will pocket them £50 000 before lunch, every day.
that's helping society. @sarc
[picosecond= one/10 to the -12]
These guys are super freqs
These guys are super freqs
-Costick67 ~(8^P
checkitout:
http://www.zerohedge.com/article/european-banks-pull-out-all-stops-defend-picosecond-hft-themis-trading-explains-lies-behind-
As everyone knows all too well by now, High Frequency Trading is arguably among the key culprits for all that is wrong with our broken equity market, culminating naturally with the events of May 6, 2010. Therefore, it is not surprising that regulators in Europe, which now has a much more fair and efficient overall capital market than the US, "plan next year to introduce new rules to restrict the trading activities of these traders -- tech-savvy hedge funds that generate huge volumes of orders -- to prevent a repeat of last year's U.S. "flash crash"." However, since HFT is nothing but a cheap way to promote vapor-volume momentum, while frontrunning everyone in the process, it is only natural that Europe's banks would come out kicking and screaming in its defense: "Europe's top banks are warning global regulators against curbs on high-frequency trading firms (HFTs), insisting that so-called "market bandits" are vital for efficient markets...A panel of managing directors from major European investment banks told the Reuters Future Face of Finance Summit on Wednesday that punishing these traders was risky because they were a key source of liquidity that benefits all trading firms." Ah, "providing liquidity" - that universal euphemism for frontrunning, quote stuffing, inducing flash crashes and for pretty much every possible illegal activity, except for... providing liquidity. As for the fact that "market bandits" are "vital for efficient markets"... we'll just leave that one alone....
checkitout:
http://www.zerohedge.com/article/european-banks-pull-out-all-stops-defend-picosecond-hft-themis-trading-explains-lies-behind-
As European Banks Pull Out All Stops To Defend Picosecond HFT, Themis Trading Explains The Lies Behind "Providing Liquidity"
Submitted by Tyler Durden on 03/03/2011 10:31 -0400As everyone knows all too well by now, High Frequency Trading is arguably among the key culprits for all that is wrong with our broken equity market, culminating naturally with the events of May 6, 2010. Therefore, it is not surprising that regulators in Europe, which now has a much more fair and efficient overall capital market than the US, "plan next year to introduce new rules to restrict the trading activities of these traders -- tech-savvy hedge funds that generate huge volumes of orders -- to prevent a repeat of last year's U.S. "flash crash"." However, since HFT is nothing but a cheap way to promote vapor-volume momentum, while frontrunning everyone in the process, it is only natural that Europe's banks would come out kicking and screaming in its defense: "Europe's top banks are warning global regulators against curbs on high-frequency trading firms (HFTs), insisting that so-called "market bandits" are vital for efficient markets...A panel of managing directors from major European investment banks told the Reuters Future Face of Finance Summit on Wednesday that punishing these traders was risky because they were a key source of liquidity that benefits all trading firms." Ah, "providing liquidity" - that universal euphemism for frontrunning, quote stuffing, inducing flash crashes and for pretty much every possible illegal activity, except for... providing liquidity. As for the fact that "market bandits" are "vital for efficient markets"... we'll just leave that one alone....
