Wednesday 6 June 2012

The Return of the Pension-Killing Bait-o-matic

Computers are now being programmed to bait
humans or other computers into a battle that
they will , typically lose, unless they're Norweigian
humans.

To read it described, I'm reminded of great authors
of science fiction , like Ray Bradbury (RIP) talking
about worlds were machines fight for supremacy
and humans hide, clutching their pensions.
Beware the HFT computer!




IshitUnot:  Denninger
Get OUT Of The Futures Markets
It's happening again and if you get reamed don't say you weren't warned.
There's no defense against this when the other side of the trade is a robot.
The only defense is not to be involved at all.
A good while ago I did a video on HFT games in the stack --
orders repeatedly appearing and disappearing with no chance
 for you to possibly act against them. These orders are not
 intended to execute, but rather are intended to "bait" some
other robot to go against them and then they're pulled.
... This crap was prevalent during the 08/09 meltdown and it's back.
 There has been exactly nothing done about it since the meltdown
and it is how small retail traders get their entire account wiped out.