Tag Archives: IEX

IEX Market free data looks very promising

IEX Market free data looks very promising

With no limits, I say:’ ‘hey there’. Compared to no more trustworthy Yahoo Finance and Google Finance, this is an interesting resource to use.

Helpful links:

Python package https://github.com/addisonlynch/iexfinance

https://iextrading.com/trading/market-data/

https://iextrading.com/trading/eligible-symbols/

 

 

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IEX ready to launch against big bad HFT firms

IEX ready to launch against big bad HFT firms

Brad Katsuyama wanted a stock market revolution and he’s getting one even before his Investors Exchange starts trading Friday.

To read the entire article, go to http://bloom.bg/2b7uKdY

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Screw Citadel!! IEX now an exchange

Screw Citadel!! IEX now an exchange

Good for IEX getting accepted as an exchange! This removes Citadel as  a near US monopoly on HFT and market making.

http://www.bloomberg.com/news/articles/2016-06-17/iex-outduels-citadel-nyse-as-flash-boys-exchange-is-approved

https://www.iextrading.com/

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Citadel HFT complains of speed bump from IEX

Citadel HFT shop complains of speed bump from IEX

This all comes from the Flash Boys book IEX

I find it bizarre Citadel is fighting this as they are also a clearing house for the CME (I believe). Is there an equivalent ‘monopolistic’ idea going on here?

 

From Bloomberg, Dec 1, 2015, 6:03:43 PM

Citadel LLC is stepping up its criticism of IEX Group Inc., arguing that the company’s plans to start an exchange that tries to level the playing field between firms with the fastest technology and other traders will actually hurt stock markets.

To read the entire article, go to http://bloom.bg/1IC2tEO

 

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Finally Flash Boy HFT exchange IEX Head of Product Wants to Design a Fair Stock Exchange

 

Finally Flash Boy HFT exchange IEX Head of Product Wants to Design a Fair Stock Exchange

This being out of Canada makes me proud with ethics. Question is will they succeed because we do not fairness in this market place.

Thanks to Sholom for sending

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HFT exchange BATS ex CEO resigned but may consult but IEX and Flash Boy Brad Katsuyama not invited to the Washington regulation party

HFT exchange BATS ex CEO resigned but may consult but IEX and Flash Boy Brad Katsuyama not invited to the Washington regulation party

 

Some highlights from this New York Post article:

Garrett, chairman of the House Financial Services subcommittee on capital markets, invited execs from 18 firms that touch on every aspect of high-frequency trading, from brokers Citadel and Virtu to exchanges like Nasdaq and BATS.

Bill O’Brien, the ex-president of BATS, left his job last week after Schneiderman’s office and the SEC pressured him to step down following a televised fight with Katsuyama, in which O’Brien mistakenly claimed there was no difference in the speeds of BATS data feeds, according to two people told of his departure. Neither BATS nor O’Brien would comment.

Garrett’s panel won’t touch on the main thesis of Lewis’ book — that some traders wield ultra-fast connections essentially as surveillance on the market, bidding up prices before others can get to it. Instead, it will focus on fees, pricing feeds and other trading technology.

http://nypost.com/2014/07/28/katsuyamas-hft-war-makes-him-a-washington-outsider/

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Thanks to Dr Ernie Chan, Interactive Brokers offers Flash Boys IEX exchange as part of HFT debate

Thanks to Dr Ernie Chan, Interactive Brokers offers Flash Boys IEX exchange as part of HFT debate

After seeing Dr Ernie Chan a few days ago, he informed me that Interactive Brokers will now support IEX. Big thanks to him for notifying me on it!

Interactive Brokers to offer customers use of “Flash Boys” IEX exchange in response to HFTs debate

http://blogs.marketwatch.com/thetell/2014/04/03/interactive-brokers-to-offer-customers-use-of-flash-boys-iex-exchange-in-response-to-hfts-debate/

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Michael Lewis of Flash Boys and IEX on Bloomberg TV: It is confirmed Programmers Have Replaced Traders because of quant and HFT

Michael Lewis of Flash Boys and IEX on Bloomberg TV: It is confirmed Programmers Have Replaced Traders because of quant and HFT

This is confirmed on what I was saying despite think I was off my meds! (see the video below)  Ba ha!!

Sent from Bloomberg TV+ for iPad

Watch this http://bloom.bg/1pUS0fI

Michael Lewis: Programmers Have Replaced Traders
April 3: “Flash Boys” Author Michael Lewis and IEX President and CEO Brad Katsuyama discuss information tech on Wall Street.

Download the FREE Bloomberg TV+ iPad app from http://itunes.apple.com/app/bloomberg-tv/id460459302&mt=8

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Bloomberg TV: AWESOME Heated HFT debate between IEX, Manoj Narang of Tradewerx and Michael Lewis of Flash Boys book about Goldman Sachs

Bryan What a whirlwind in the last 24 hours:

 

Bloomberg: AWESOME Heated HFT debate between IEX, Manoj Narang of Tradewerx and Michael Lewis of Flash Boys book about Goldman Sachs 

 

Here Fishy Fishy:

 

Haha! Funny timing on how Goldman Sachs is selling market making business after FBI investigating predatory practices in HFT 

 

More info on our grand Manoj here:

 

Is Manoj Narang of Tradeworx trying to be the unspoken official rock star of quant and HFT?

 

Of course, how could I forget:

 

Open source automated trading system Tradelink with Glean may have died but here are some forks with full FREE source code

 

More forks (not knives as we don’t want anyone to get hurt ;->)

 

DotNet open source automated trading system Tradelink with Glean is dead. Here are some forks with source code |
Technical forum | Forum
Want to learn on how to build this software and use it?

 

Open Source Trading Platform Development

 

I want to hear from you on this stuff especially about our wonderful friends in that NYC investment bank with a building of no name aka Goldman Sachs,

 

Bryan

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Bloomberg: AWESOME Heated HFT debate between IEX, Manoj Narang of Tradewerx and Michael Lewis of Flash Boys book about Goldman Sachs

Bloomberg: AWESOME Heated HFT debate between IEX, Manoj Narang of Tradewerx and Michael Lewis of Flash Boys book about Goldman Sachs

This was AWESOME!! Sorry for the bad typing as this was typed up in real time:

IEX CEO (Brad Katsuyuma) on Bloomberg TV:

Started with phantom quotes on bid/ask spread was moved into electronic trading at RBC. It neutralizes HFT. Virtu and Goldman Sachs are buying into this. Was told he was pro. Some HFT threw him out.

Manoj Nerang of Tradewerx:

(did not look happy with IEX) Had issue with book from Michael Lewis. They could be provable false. HFT never trader against retail orders but internalized by wholesalers and execute for better pricing. (Sounded nervous)

BRAD: Mom and pop are impacted through pension funds. Legal vs moral dispute with Manoj (turned into agrument as Manoj got defensive). HFT get faster processed news feed (IQFeed is delayed by 3 ms) Price improvement vs stale price. It is not about fast vs slow where IEX slowly bump order for all participants. HFT will have an advantage.

Manoj: It will not do anything as the pricing is deterministic.  Says IEX is a marketing gimmick. 7 person firm in 2007. He upgraded all telco and computers for faster improvement. Manoj claimed his company had more transactions vs Brad.

Brad: Manoj will speed up the data by 10x but claims it does not matter.  He wants to educate people on this in the industry. Michaels explains it but IEX carries out the fair service.  M

Mutual funds care about research not speed in microseconds.  He said does not matter.

Manoj: Claims numbers are flawed. Since 1999-2007, volatility has gone from 80 to 65% during the hours of the market (he comes off arrogant)

Michael: He claims Brad would win the debate despite number stats. Brad will

Manoj: Speed does not matter. Flash crash will not happen due to regulation. He wants to improve the SIP (?) on exchanges. COnsolidated feed is SIP (best quotes from market centers for best pricing) DIrect feeds are faster  where you get full depth of the market. The SIP is too slow based on antiquated technology due not to spending much money.

Goldman Sachs is fishy on how they jump onto IEX: (with former dark pool)

Brad: Started in 2013 with GS has been thoughtful. Insult to insult his operation with computerized firms like GS, Morgan Step, etc.

Michael: GS has internal argument on who argues to support IEX vs their dark pool. He says it is hard to know.

Manoj concluded with: The truth is in the numbers.

My take:

Manoj is clearly twisting things as he does not mention on how your orders are impacted at the wholesale broker level like Interactive Brokers, Think or Swim, etc. They still need to go through their prime brokers like a big bank.

 

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Here was another debate: (thanks to the newer NYC contact)

http://blogs.marketwatch.com/thetell/2014/04/01/epic-debate-on-high-frequency-trading-between-michael-lewis-brad-katsuyama-and-william-obrien/

Here is that Blloomberg link (thanks to the NYC Contact)

http://www.bloomberg.com/video/katsuyama-narang-lewis-debate-speed-trading-~tZW9uHxRPm4Un24I0pyTg.html

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!