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There is nothing about HFT that is analgous to insider trading. Unfortunately the people describing it in public like Cuban simply don't understand what's going
by lrm242 13y ago
There is nothing about HFT that is analgous to insider trading. Unfortunately the people describing it in public like Cuban simply don't understand what's going on. There is no non-public information at work here.
- guelo 13y agoThe information that the HFT traders pay millions of dollars to acquire before the rest of the market does is not public at the time that they acquire it by any definition of public that does not include having to pay millions of dollars to acquire the information.
- lrm242 13y agoThat's fundamentally wrong. Direct feeds are available to anyone who wishes to purchase them. Do you have a source for a piece of data purchasable by a firm that isn't on the public side of the information pipe?
- erichocean 13y ago> Direct feeds are available to anyone who wishes to purchase them. Out of curiosity, how much does a direct feed cost, and is there a practical limit to the number of simultaneous buyers (for example, physical server space in a data center)?
- lrm242 13y agoPrice lists are all public. Look at nasdaqtrader.com or batstrading.com.
- deleted 13y ago[deleted]