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| From | Randy Westlund <Vorzakir@invalid.invalid> |
|---|---|
| Newsgroups | comp.misc |
| Subject | Re: High frequency trading and a 4ms faster cable |
| Date | 2014-04-07 01:05 +0000 |
| Organization | A noiseless patient Spider |
| Message-ID | <lhstjs$hep$1@dont-email.me> (permalink) |
| References | <lhs9e8$bd$1@solani.org> <lhsarc$gs3$1@dont-email.me> <lhsd43$2fv$1@speranza.aioe.org> |
On 2014-04-06, Hils wrote: > On 2014-04-06 20:44, Randy Westlund wrote: >> I've done some reading about this before. HFT scares me. We have >> thousands of algorithms running in NYC and Chicago, all trying to >> buy and sell as fast as they can to rise the waves of whatever >> trends they see. The scary part is how this causes emergent >> behavior of a complicated system that we can never hope to >> understand. There are flash crashes [1] that happen from time to >> time, and we don't know why. Maybe someone's algorithm trying to >> create a trend? Maybe just a race condition inherent in the >> interactions of the algorithms? >> >> And then we get silly things like property near the NYSE being >> significantly more valuable because it can ping the NYSE in 0.5 ms >> less time than other property in NYC. >> >> 1: http://en.wikipedia.org/wiki/Flash_Crash > > We won't see any regulation of this while law is made not democratically > but by a minority who, if they are not already oligarchs can easily be > bribed by oligarchs. But what's the proper way to regulate this? I don't think they're doing anything wrong, but it's leading to undesirable behavior. Regulation of HFT would be very difficult to do justly, I think. > Perhaps the most democratic response is to disrupt > the trading networks and systems by any means available. You're not suggesting we start DDoSing them, are you? Doesn't seem like a good move for the world economy.
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High frequency trading and a 4ms faster cable RS Wood <rsw@therandymon.com> - 2014-04-06 19:20 +0000
Re: High frequency trading and a 4ms faster cable Randy Westlund <Vorzakir@invalid.invalid> - 2014-04-06 19:44 +0000
Re: High frequency trading and a 4ms faster cable Dag-Erling Smørgrav <des@des.no> - 2014-04-06 22:21 +0200
Re: High frequency trading and a 4ms faster cable Randy Westlund <Vorzakir@invalid.invalid> - 2014-04-07 01:11 +0000
Re: High frequency trading and a 4ms faster cable Hils <hils@saynotospam.net> - 2014-04-06 21:23 +0100
Re: High frequency trading and a 4ms faster cable Randy Westlund <Vorzakir@invalid.invalid> - 2014-04-07 01:05 +0000
Re: High frequency trading and a 4ms faster cable Dave Garland <dave.garland@wizinfo.com> - 2014-04-08 15:36 -0500
Re: High frequency trading and a 4ms faster cable Randy Westlund <Vorzakir@invalid.invalid> - 2014-04-09 05:51 +0000
Re: High frequency trading and a 4ms faster cable Dave Garland <dave.garland@wizinfo.com> - 2014-04-09 16:24 -0500
Re: High frequency trading and a 4ms faster cable Randy Westlund <Vorzakir@invalid.invalid> - 2014-04-10 17:40 +0000
Re: High frequency trading and a 4ms faster cable Hils <hils@saynotospam.net> - 2014-04-06 21:39 +0100
Re: High frequency trading and a 4ms faster cable Hils <hils@saynotospam.net> - 2014-04-06 21:39 +0100
Re: High frequency trading and a 4ms faster cable RS Wood <rsw@therandymon.com> - 2014-04-07 08:57 +0000
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