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Of course not! They just sell your data to the people who do.
by mieseratte 7y ago
Of course not! They just sell your data to the people who do.
- Lazare 7y agoIf you have no idea what you're talking about, why even comment? They don't sell the data, they sell the orders, and the people that buy the orders and execute them aren't front-running them either. You can only front-run an informed trade, and the entire reason they're buying the orders is because they're uniformed. Nobody is front running some guy day trading AAPL on their lunch break. Not just because it's illegal and easy to catch (although it is both of those), but because it's mathmatically not even possible. If your trade is not, on its own, meaningfully moving the share price, you can't be front run.
- AnimalMuppet 7y agoPerhaps you could comment without the personal insults. You have good info to share. Let it speak for itself.
- mieseratte 7y ago1) I used to work in HFT, so I know what I’m talking about. 2) While it’s a joke, I have no knowledge that Schwaab engages in anything related to front-running: > Nobody is front running some guy day trading AAPL on their lunch break. Just like Google doesn’t spy on you, they spy on everyone together. If this wasn’t a problem SEC wouldn’t have pressed for something like the CAT. Perhaps you don’t know what you’re talking about.