HFT banks on the media`s hype of Facebook in a last ditch effort to…

(Last Updated On: May 22, 2012)
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HFT banks on the media`s hype of Facebook in a last ditch effort to…


HFT and The Facebook IPO



Yeah more HFT trolling. FB was in a hft “tractor beam” until it wasnt. Traders leaning on large size at an obvoius price support. Yeah its smart when you do it, but god forbid some else who know hows to program does it.
so HFT doesnt add to price discovery, until it does and FB trades around its target, which is bad, since ipos need to have wild swings so we can relive netscape all over again.
yeah i used to be concerned about these hft critics until now


I used to be concerned with critics like you until I wasn’t. Feel free to refer me to your published material that supports your view because historically, you’ve only gone on diatribes in the comment section of other peoples published material. Who’s the troll here?



In October I’m giving a presentation on “Trading US Equity Microstructure” at NYU Courant. I’ll should be able to make this available. I need to make it NDA friendly first.
Warning, it won’t be a bunch of plots of guys spinning quotes, or illustrating some freakish occurrence in the market, or a “debate” on whether HFT is good or not.
It will be rather unexciting stuff actually — SORs, rule 611, wotr ratio, fee structure, port options, self-match prevention, latency tails, dark liquidity ,etc.

I suppose I could blog myself, but I’m more busy actually putting risk behind my analysis, and not trying to prove a point in the blogosphere



I expected you to respond like that. thanks for defending your view point. I’ll keep sharing my evidence here. I’ll look for you in the peanut gallery, backing away from the opportunity to defend your view while taking stabs at me with claims like “actually putting risk behind my analysis”.



Huh? How is that a stab at you? Most of this “analysis” comes from Nanex, which is a historical data provider. They look at a bunch of data which only represents a small fraction of the market. Its like the old joke
“Can you help me find my keys?”
“Sure where did you lose them?”
” over there ”
“Why are you looking here then?”
” the light is better”

Nanex sifts through lots of quotes, lokking for a conspiracy. They dont put any capital in the market ,and only try to understand whats happening by putting up a lot of visuals, because that get most visceral response. But the least understanding.
Like I said, there are a number of books out there with a more sober view of HFT.


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!
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About caustic

Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs