Tag Archives: Michael Lewis

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.

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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 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!

Here is my view of this IEX and Michael Lewis of 60 Minutes buzz on HFT

More HFT buzz that will not go away:

 

My view of this IEX and Michael Lewis of 60 Minutes buzz on HFT – See more here

Fascinating HFT article from the mouthpiece boy wonder aka the NYC faceless kid with the keyboard – See more here

More HFT commentary on the HFT markets are ‘rigged’ thanks from Michael Lewis Flash Boys author – See more here

Finally, something useful:

Demo of internal Pair Trading Strategy System done in Matlab – See more here

if you are ever interested in learning Matlab for finance, check this out: 

Interested in leaning R, go here

Let me know what you think of all these,

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!

More HFT commentary on the HFT markets are ‘rigged’ thanks from Michael Lewis Flash Boys author

More HFT commentary on the HFT markets are ‘rigged’ thanks from Michael Lewis Flash Boys author

Sorry about the bad typing and grammar as I bang this out in real time:

From Bloomberg TV:

Arthur Levitt:

Many don’t believe the markets are rigged. His book is hyperbole. The markets are cheaper and faster. Acknowledges there are problems.

It is accused that liquidity is hindering.

Rep. Scott Garrett of New Jersey

No need for further regulation.  Too much regulation already where speed gives you an edge.

Virtu was mentioned with 1 day of down day.  How does one go up against computers?

Levitt:

SEC is looking at the rules of 15 years to modernize. He is skeptical about there are some deficient HFT trading operations.

Half of all US equities is traded by HFT. How to regulate which does not squash the technology?

Garrett: SEC needs market structure reform. Things have changed in 15 years. First do no harm with the hearings. Do not make the system worst looking at empirical data not based on some book.

Levitt: Number of programs to test in trade in fractions vs decimal. Need balance and stifle ideas but protect investors.

Garrett: SEC is now on board with pilot programs coming.

My take:

Good job on this reportin instead of listening to some chatter box author but don’t forget these politicians could be bought with the heavy lobbying from the financial industry. Who knows where this goes?

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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!

My view of this IEX and Michael Lewis of 60 Minutes buzz on HFT

My view of this IEX and Michael Lewis of 60 Minutes buzz on HFT

Some highlight from the NY Times articles below:
A) he had a safe and cushy $1.5-million-a-year job running the human traders, and B) RBC had nothing to add to electronic trading.
…together they set out to assemble a team to investigate the U.S. stock market.
Equitities. Not much opportunity there from my understanding.
I do like their mantra but truly, US equities is small potatoes for REAL PROFITABLE HFT operations. From my internal contacts, most focus on futures and forex. Equity was abandoned 4 years ago as the markets became more efficient because of HFT. The ones you hear about are usually the crumb sucker little shops that recently got caught up in this industry.
As for IEX and studying their videos/website, I salute their approach but seriously, the real operators are long gone. With this whole buzz of Michael Lewis and IEX are no different than a bunch of journalists and authors trying to make a buck off the hype. Watch Bloomberg TV for more killer journalism I like. The serious players are into new arenas that no one knows about and will never know about including me.
I keep saying this, the NY Times article was good:

Real good in fact but is no different than Quantopian. No real trading shop would ever trust their strategies/models to reside on some cloud solution. Cloud works but it needs to be private that you own with no other fools trying to steal your ideas.
My take: Don’t get caught up in it. As said, the real trading operator know US equities is where the amateurs play. The profitable ones moved onto areas we know nothing about. Yes they are profiting and that is the end of that. Personally they don’t care about you nor do the sharks running those predatory algos. They are called market makers and virtually every broker has a huge division doing this. Don’t trust them except for the market neutral players out there.
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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!