Yeah your right they should freeze the banks when they do the same thing! then see how there bank customers think of them then
2010 Flash Crash and HFT
They have frozen all of his funds haven't they? I think its absolutely disgraceful that this guy might be put in jail whereas banks are just fined for fx/libor manipulation and the traders get away with it...[/quote]
Yeah your right they should freeze the banks when they do the same thing! then see how there bank customers think of them then
Yeah your right they should freeze the banks when they do the same thing! then see how there bank customers think of them then
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
http://queue.acm.org/detail.cfm?id=2536492
Not sure if this has been posted but really good write up on the HFT, looking to change a few of my programs now.
(The bit on cancel rates is interesting as well)
Not sure if this has been posted but really good write up on the HFT, looking to change a few of my programs now.
(The bit on cancel rates is interesting as well)
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marksmeets302
- Posts: 527
- Joined: Thu Dec 10, 2009 4:37 pm
Planning on buying an arista switch are you Linus? 
I've been part of this speed game for 12 years. Not a month went by that I didn't hear "we're too slow". We'd think of something, became quicker but then it would start all over again. I am soo happy I don't have to go through that anymore.
I've been part of this speed game for 12 years. Not a month went by that I didn't hear "we're too slow". We'd think of something, became quicker but then it would start all over again. I am soo happy I don't have to go through that anymore.
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marksmeets302
- Posts: 527
- Joined: Thu Dec 10, 2009 4:37 pm
Betfair has been a hobby for me since 2008, and it still is. I used to make software for a liquidity provider/arbitrageur in ETFs. We occasionally have a debate if what we do is considered HFT. I guess not in the strictest sense, but we rely very much on speed and do hundreds of thousands trades a day. I've had some of the best moments there but also the worst. About a year ago I decided I liked it better when we were still with 15 people instead of now with something like 250 and left. I think I've been very lucky to have been at the right place at the right time.
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marksmeets302
- Posts: 527
- Joined: Thu Dec 10, 2009 4:37 pm
Bloomberg has a nice article on the flash crash guy: https://www.bloomberg.com/news/features ... e-vanished
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Explosivo945
- Posts: 10
- Joined: Fri Feb 03, 2017 6:31 pm
The Michael Lewis book on this is a really good read as well, it's not strictly just about the flash crash but HFT in general: https://www.amazon.co.uk/dp/B00I9PVKKC/ ... TF8&btkr=1