Our Robot, Mili-Second Market

8 posts / 0 new
Last post
cannotaffordit's picture
cannotaffordit
Status: Gold Member (Offline)
Joined: Jun 12 2008
Posts: 273
Our Robot, Mili-Second Market

In case you missed this guy on Bloomberg a few weeks back, here's the gist of what he said.  No wonder the average investor has not chance in the market.  (I'll try to find the actual broadcast, and add it in next frame)

http://blog.themistrading.com/?p=158

cannotaffordit's picture
cannotaffordit
Status: Gold Member (Offline)
Joined: Jun 12 2008
Posts: 273
Re: Our Robot, Mili-Second Market

No wonder the market is booming.  Here's the actual broadcast on Bloomberg.  (Maybe all of you knew about this, but it was staggering news to me.)

http://www.brasschecktv.com/page/671.html

logBurner's picture
logBurner
Status: Bronze Member (Offline)
Joined: Sep 26 2008
Posts: 58
Re: Our Robot, Mili-Second Market

Thanks for the post!

Cloudfire's picture
Cloudfire
Status: Diamond Member (Offline)
Joined: Sep 29 2008
Posts: 1813
Quite an Eye-opener

Now, that is an eye-opener, and precisely why the price of membership at CM is worth every penny, and more. . . Thank you, Ben!

becky's picture
becky
Status: Silver Member (Offline)
Joined: Jan 8 2009
Posts: 113
Re: Our Robot, Mili-Second Market

John Mauldin was just writing about high frequency program trading in a piece I read on the Safe Haven website.  He's usually a pretty even-tempered guy, but this has him furious.  He also includes a link to the Themis Trading white paper.

http://www.safehaven.com/article-13892.htm

http://www.themistrading.com/article_files/0000/0348/Toxic_Equity_Tradin...

becky

DavidC's picture
DavidC
Status: Silver Member (Offline)
Joined: Sep 29 2008
Posts: 239
Re: Our Robot, Mili-Second Market

Joe Saluzzi is fantastic, he's always worth watching when he's on TV (he was on Bloomberg the other evening following Goldman's results and had some great comments). There are various appearances on YouTube.

DavidC

Ken C's picture
Ken C
Status: Platinum Member (Offline)
Joined: Feb 13 2009
Posts: 753
Re: Quite an Eye-opener

C1oudfire wrote:

Now, that is an eye-opener   <snip>

Unless of course you are a congress preson that can totally turn a blind eye to this.

( With a very few exceptions like Ron Paul, Alan Greyson and few others)

Ed Archer's picture
Ed Archer
Status: Martenson Brigade Member (Offline)
Joined: Oct 12 2008
Posts: 225
Re: Our Robot, Mili-Second Market

Didn`t we already have the problem in new york and london 10+ years ago when they first started using computers in the financial markets in a big way?

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments