Less than twenty years ago, a trading jacket and a badge was all you need to trade at the option market. During the open outcry era, youngsters fresh from secondary school showed up in the pit. Some did remarkable well without a university degree. They started on the trading floor aged 18. For instance, there’s thisRead more
There’s a new episode in the speed race among the top HFT shops. The Express cable under the Atlantic ocean by Hibernia Networks is finally finished. It has taken years longer than expected, but now it’s pretty fast. It takes 59.5 58,95 milliseconds for a round trip across the Atlantic ocean. That’s six milliseconds fasterRead more
Half a year ago I reported on the clash between DeGiro and Binck, with respect to the not-so-smart order router from TOM. See DeGiro trashes TOM and Flash Boy Binck ignores law of holes. Few months later TOM decided to shut down their stock trading venue. Assumed that would be the end of the story.Read more
Yeah, they got him. The guy who single handedly caused the markets to crash, armed with his excel sheet and some spoofing algo’s. Most people in the market are sceptic. This post by Adrian Ip is one of the best reactions I’ve read. Everything below is written by Adrian (who works for Thomson Reuters). Original source is here. IRead more
High frequency trading is like god. Everyone talks about it, but nobody has ever seen it. Nobody knows how it looks like, although mythical powers are expected. Strong opinions are in general not correlated with knowledge on the matter. But at least high frequency trading exists, that’s for sure. How high frequency trading strategies work in realityRead more
