Will trading data access fee get this expensive. Thankfully this stock exchange is not a huge priority as people are moving into ETFs based on region and sector. Not only that, there are larger assets classes to trade as well.
Do note only this newsletter will be offered to you at this really low rate of $47 per month. As I mentioned in a past video, this will be offered at $97 per month to the ‘public’. If this service proves to be worthy, this monthly cost will eventually makes its way to $197 all the way up to the $297-$397 range. As you can tell, if you take this low monthly rate at the rate of $47, you will be grandfathered as long you remain a member.
I have also announced I will be moving this ‘newsletter’ to another server from Infusionsoft. You can also get my free 2 PDFs on (in case you never got them):
Trade Like a Boss
Tecbnical Secrets in Algo Trading
You can also be part of this new newsletter on this server. I am thinking of actually discontinuing this current one you are reading from. It has been highly recommended to manually opt in yourself into this new server.
He has done decently despite episodes of throwing 10K watches at walls. Well he can kind of afford it.
This came in from someone in NYC:
He makes his money from selling trading tutorials and courses. Back in the day when he made money, things were far different. It hasn’t worked out for him, like it hasn’t worked out for most, in the past few years. Anyone who’s making tons of tutorials is obviously not making money because they’d be focusing on making money instead of giving out tutorials. There was a huge, long article on him that talks about this in much more detail but I’m about to go to sleep, so I’ll find it later.
Your other article that says no one plays in equities isn’t true. Most HFT is still going on in equities, in fact, moreso than other arenas. The reason is because you have so many different exchanges and also order types which are present in futures markets for instance. If you trade WTI crude, you’re trading it through the CME. There’s a couple other exchanges like SAFEX in Africa and such but nobody’s trading that stuff. If you try to find out about market microstructure on Globex, for instance, they are extremely vague and secretive about how it all works, and part, if not all, is because they are trying to keep out market manipulators.
One great way to sort of level the playing field now would be to randomize the queue when it’s queried by the order managing servers. So say 100 orders come in and the first 20 are HFT orders scalping, you shuffle the 100 orders so that they’re randomly distributed in the queue. It’s not that I have a problem with HFT, they’re basically doing the same things the guys in the pits did years ago but electronically. The problem I have is that it’s made it where only a select few can play in that arena with FIX engines, custom operating systems, FPGA chips, etc. You’re talking 100 grand just to get STARTED, meaning turning it on and then debugging, etc. You need a team of people to do it
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Fading flow on euro/zloty leaves Polish rate cut bets exposed, Reuters data shows
Euro/zloty is having its busiest trading month of 2011 despite flow sagging in the second half of August as the interest rate outlook has clouded, exclusive data from Thomson Reuters Matching shows.
The number of trades in August is up about 30 percent on August 2010 and flow is currently about 50 percent higher than December/January levels. A noticeable spike in trading activity has come in July and August as investor speculation about a rate cut has intensified. The central bank has admitted in recent weeks that the appetite for more hikes is sated, but equally the minutes from the last meeting of the monetary policy committee don’t make any reference to the need for a cut. Forward rates markets meanwhile are pricing in a cut in the coming 12 months.
Flow surged in August as euro/zloty rallied to 4.2440 from just below 4 the figure. That’s its highest since November 2009. But trading activity has collapsed in the two weeks since – flow is down 43.9% on a daily average basis since spot hit that high.
Flow data seems to be saying the risk for investors is to move too soon to price in a rate cut.
Click on this link for full charts and data in this segment on Reuters Insider TV.
August was a harsh month for markets and an increase in FX activity is not particularly surprising for me given the large moves in equities. The market was finally trading a common theme – bearishness – and the question was how low prices could get. For FX, and especially for CEEMEA, changes in expectations for monetary policy were contributory to the FX depreciation, but the real driver was fast money position clearing (indiscriminate) and initiation of fresh shorts as a bearish trade. The reason FX did not fall completely out of bed is because real money accounts are still invested and have not rushed for the exit as many had feared.