Automated Trading Profit > High frequency algorithmic trading- the new buzzword or next ...

[Mostly Economics] The only difference this time (and each time) is a new name and new buzzword- it is  HFT this time. Supposedly Goldman has made quite a lot of money using HFT.

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[Jutia Group] Goldman Sachs (GS) High-Frequency Trading Profits | Jutia Group: Goldman Sachs, and other financial institutions of its ilk, have imposed huge costs on the U.S. public with their “too big to fail” status. Now they are adding to the problem by scooping out money from the stock market through HFT.

[zentrader.ca - Stock Market Blog] zentrader.ca - Stock Market Blog » Blog Archive » HFT: Wall ...: Predatory algorithmic traders take advantage of the institutional computers that chop up large orders into many small ones. They make the institutional trader that wants to buy bid up the price of shares by fooling its computer, placing small buy orders that they withdraw.

[Money Morning] High Frequency Trading: Wall Street's New Rent-Seeking Trick: Goldman Sachs and other large banks are using "High Frequency Trading" to skim billions off of equity trades. Goldman Sachs, and other financial institutions of its ilk, have imposed huge costs on the U.S. public with their “too big to fail” status.

[Covestor - jjarmak Track Lists Posts] Jeff Pierce's Stock Blog: HFT: Wall Street's Rent-Seeking Trick ...: Predatory algorithmic traders take advantage of the institutional computers that chop up large orders into many small ones. They make the institutional trader that wants to buy bid up the price of shares by fooling its computer, placing small buy orders that they withdraw.

[Rick Bookstaber] Rick Bookstaber: Goldman and High Frequency Trading: Regarding the previous comment on IT bonuses and HFT, people sometimes are getting confused between high frequency trading as a money making strategy versus algorithmic trading, which is intended to efficiently execute trades. The forner decides what is mispriced and buys or sells accordingly, the latter takes existing trading decisions and executes them to reduce transaction costs.

[Daily Markets] High Frequency Trading: Wall Street's New Rent-Seeking Trick ...: According to a paper “Toxic equity trading order flow on Wall Street” by the brokerage Themis Trading LLC, there are a number of different types of HFT. Liquidity rebate traders take advantage of volume rebates of about 0.25 cents per share offered by exchanges to brokers who post orders, providing liquidity to .

[The Market Oracle] Wall Streets Latest Trick To Generate Profits- High Frequency ...: (The SEC would also need to ban "exchange rebates" to traders.) Such a tax would make the worst HFT types unprofitable without imposing significant costs on retail investors. It would also provide funds to help run the vast apparatus of regulation and control that seems to be necessary to run a modern financial system.

[Graziadio Business Report Blog] High Frequency Trading: The Rise of the Machines at Graziadio ...: While these are only the most immediate concerns about HFT, they have a potentially disproportionate influence on the cost of running our capital markets. The HFT lobby pushes the argument that they create positive externalities by exploiting improving technology””but there is a difference between volume and liquidity.

[Clusterstock] Sorry, No Way Goldman's Trading Profits Come From High-Frequency ...: I wish that were true. If it were then if we were buying very illiquid wide spread things the bot would still be there.

[Felix Salmon] Felix Salmon » Blog Archive » Solving the HFT problem: Abolish ...: In a fixing system I will have to enter my order and for a split second - the time between my entering the order and the closing of the fixing - everyone will be able to see it - not enough for humans to get in the way perhaps, but it will allow every HFT system to decide whether or not to come between me and the buy order.

[TPMCafe] Follow up on high frequency trading | John Hempton's Blog: The Goldman Sachs HFT operation takes place inside the same machine rooms as the market itself, so that GS' machines can "see" the trades pretty much as they happen. You or I, sitting way back in our living rooms tens or even hundreds of milliseconds further away from the "actual trading location" (as it were), have no chance of getting our orders in fast enough, no matter how fast our computers might be.

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