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Katsuyama says: "When I'm trying to place a large order, the price goes up!" So, what's wrong with that? Have we cancelled the laws of supply and demand now? Le
by avaku 13y ago
Katsuyama says: "When I'm trying to place a large order, the price goes up!" So, what's wrong with that? Have we cancelled the laws of supply and demand now? Let's beat up Adam Smith now!
- avaku 13y agoIt was just a strange phrase. The idea with hitting all exchanges at once is not bad at all...
- dredmorbius 13y agoThe explicit problem is that when Katsuyama changed its strategy to time arrival of trades to all exchanges simultaneously, the effect vanished. This isn't a supply and demand issue, it's HFT being able to detect an impending large movement and explicitly front-run it, at other exchanges.