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I can't speak to the specifics in this video, but if you want a detailed, text-based explanantion of HFT shenanigans, there's tons of technical details at http:
by siegecraft 13y ago
I can't speak to the specifics in this video, but if you want a detailed, text-based explanantion of HFT shenanigans, there's tons of technical details at http://www.nanex.net/flashcrash/ongoingresearch.html http://www.nanex.net/flashcrash/ongoingresearch.html (algos crashing exchanges, running wild and losing insane amounts of money only to have those losses rolled back [sometimes], algos reacting to news a few seconds before it's officially released, etc).
- yummyfajitas 13y agoI've seen Nanex's pretty graphs, but I've never seen an explanation from them. All they do is highlight graphs with wild oscillations and then declare "ooh, evil!"
- smcl 13y agoMe too, the graphs are impressive but hard to digest. The explanations are often very good, however.
- icebraining 13y agorunning wild and losing insane amounts of money only to have those losses rolled back [sometimes] That seems the exchange's fault. Why do non-HFTs accept that?
- kasey_junk 13y agoBecause they get the benefit when they fat finger as well. HFT firms tend to actually have more risk than big investment firms. You'll notice that when Knight Capital had a program run wild they went out of business (for all practical purposes). When Goldman did they had their trades busted.