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Tag Archives: hft
Here’s Why The Markets Have Suddenly Become So Turbulent
Here’s Why The Markets Have Suddenly Become So Turbulent A perfect storm of failing trends When stock markets are free-falling 10+% in a matter of days, it’s natural to seek some answers to the question “why now?” Some are saying it was all the result of high-frequency trading (HFT), while others point to China’s modest […]
The HFT “Treasure Map” – Presenting The Rigged Stock Market’s Full “Latency Abritrage” In One Chart
The HFT “Treasure Map” – Presenting The Rigged Stock Market’s Full “Latency Abritrage” In One Chart Last week, when poring through the SEC’s complaint over ITG’s criminal frontrunning of client order flow in a “experiment” prop trading group within its Posit dark pool known as “Project Omega”, we clearly laid out the “criminal fraud” that allowed […]
Banks Rig Treasury Market
Banks Rig Treasury Market Boston’s public sector pension fund accuses all of the biggest US banks – the so-called “primary dealers” which transact directly with the United States Treasury Department and “have a special obligation to ensure the efficient function” of the American treasury bond market – of colluding to manipulate the $12.5 trillion U.S. Treasury market. […]
In Latest Market Rigging Scandal, Wall Street Now Sued For Treasury Market Manipulation
In Latest Market Rigging Scandal, Wall Street Now Sued For Treasury Market Manipulation “Defendants used electronic chatrooms, instant messaging, and other electronic and telephonic methods to exchange confidential customer information, coordinate trading strategies.” “Traders at some of these primary dealers talked with counterparts at other banks via online chatrooms and swapped gossip.” Sound familiar? Those […]
HFT, inept regulators & Fed distortion = more flash crashes
HFT, inept regulators & Fed distortion = more flash crashes As luck would have it, we had Joe Saluzzi lined up to record a podcast the day the news broke recently that the suspected culprit for the 2010 flash crash, Navinder Singh Sarao, had been arrested. Saluzzi is co-founder of Themis Trading LLC, long-time cautionary on the […]
“Another Crisis Is Coming”: Jamie Dimon Warns Of The Next Market Crash
“Another Crisis Is Coming”: Jamie Dimon Warns Of The Next Market Crash Last October’s Treasury flash crash — which Gregg Berman will tell you wasn’t the fault of HFT and which will likely repeat at some point or another thanks to the fact that Fed purchases have reduced market depth — may no longer be a once every three […]
How HFT Destroys Markets: 50 Pages Of Evidence
How HFT Destroys Markets: 50 Pages Of Evidence Back in 2009, when aside from a few insiders, nobody had heard of HFT, Zero Hedge launched its crusade to expose the algorithmic scourge that has since then caused an equity, treasury and now US Dollar flash crash, and has been the subject of a Michael Lewis […]
Troy Will Burn – the Big Deal about Big Data
Troy Will Burn – the Big Deal about Big Data I know, I know … I’m a broken record and a Cassandra, with 2 successive notes on Big Data. But I don’t care. This is a much larger structural risk for markets and investors than HFT and the whole Flash Boys brouhaha, it’s just totally under the radar and […]
Michael Lewis Reflects on His Book Flash Boys, a Year After It Shook Wall Street to Its Core
Michael Lewis Reflects on His Book Flash Boys, a Year After It Shook Wall Street to Its Core When I sat down to write Flash Boys, in 2013, I didn’t intend to see just how angry I could make the richest people on Wall Street. I was far more interested in the characters and the situation in which […]
US Taxpayers Pay For SEC to Arrange Early Release of Data to High Speed Trading Firms
US Taxpayers Pay For SEC to Arrange Early Release of Data to High Speed Trading Firms. The SEC reportedly does not like trading on information that is not yet public. Just ask SAC Capital, or if you prefer, watch the plethora of insider trading SEC news conferences in general. Why, even this morning there is […]
