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Sorry to disagree, but: #It's not a war Yes, yes it is. Has been since the 70's. Anyone who tells you that currency markets aren't a function of State Power d

by Fizzgig 12y ago

Sorry to disagree, but: #It's not a war Yes, yes it is. Has been since the 70's. Anyone who tells you that currency markets aren't a function of State Power doesn't know what CB's do[1][2]. [The public side to this story is that the IMF wasn't informed prior to the move - work out why]. #Losses Heavily leveraged FOREX companies (aka day babies) were taken to the cleaners, and some banks / funds who had positions lost out. Look at the # of positions that were closed out for the real story. #Russia It's interesting to note who holds what in Swiss Banks, and in CHF. Just a thought[3][4] #HappyCamperFunTimes Rumor has it that HFTs are going to be heavily ganked very soon, to the tune of 60% through-flow. You didn't hear that here. [1]http://www.telegraph.co.uk/finance/2773265/Billionaire-who-broke-the-Bank-of-England.html http://www.telegraph.co.uk/finance/2773265/Billionaire-who-b... [2]http://www.cfr.org/about/membership/roster.html?letter=S http://www.cfr.org/about/membership/roster.html?letter=S [3]http://www.theguardian.com/world/2010/dec/08/wikileaks-us-russia-visa-mastercard http://www.theguardian.com/world/2010/dec/08/wikileaks-us-ru... [4]http://itar-tass.com/en/economy/769344 http://itar-tass.com/en/economy/769344

beagle3 12y ago
> Rumor has it that HFTs are going to be heavily ganked very soon, to the tune of 60% through-flow Ganked in the "stolen" sense, or in the "outnumbered" sense? Neither makes sense to me. I'm not hearing this here, but .. can you elaborate?
- Fizzgig 12y ago
  Ganked - as in MMO style: a) With Legal rules made against a majority of HFT processes (edited - pathways is probably a weird weft for HN) b) With aggressive >contra algos employed to prevent certain HFT processes working c) With bandwidth / latency stingrays employed It's happening as we speak: a lot of players high up in the game are tired of HFTs. Note: this is all rumor, and plausible deniability has been engaged. You didn't hear it here, but it's gonna happen.
  - Fizzgig 12y ago
    Again, the downvotes. Ganked means "[i]killed without any ability to stop being killed[/i]" Aggressive control of HFT in the market is already on the books. Will it save the markets in the next phase? Nope, but it's on the books. Hilarious that no-one here is connected enough to know this. Be Seeing You.
    - jeffreyrogers 12y ago
      Thanks for posting this. It's interesting info. Sorry you're getting downvoted. I'm not really sure why that is.
    - Estragon 12y ago
      > control of HFT in the market is already on the books What are the relevant regulations?
      - mahyarm 12y ago
        Well for example, there is a proposed transaction tax by some politician in the USA, targeting HFT processes. It wouldn't be painful for joe buying his mutual fund EFTs every month, but it will be for HFTs.
        Estragon 12y ago
        That's not on the books, that's not even in a committee yet, is it?
    - beagle3 12y ago
      There are various kinds of HFTs, and some will be ganked, but others are generally indistinguishable from trading that the markets believe are healthy (I'm familiar with more than one "buy-side-only" HFT firms, for example, who would still be profitable through transaction taxes and "order must stay in the market at least 5 seconds" rules which had been contemplated). Though, I'd be surprised if any law gets passed and enforced against HFT as long as Goldman is HFTing. They have too much klaut to make that happen. Once they stop profiting from HFT - everything goes

by Fizzgig 12y ago

beagle3 12y ago

> Rumor has it that HFTs are going to be heavily ganked very soon, to the tune of 60% through-flow Ganked in the "stolen" sense, or in the "outnumbered" sense? Neither makes sense to me. I'm not hearing this here, but .. can you elaborate?

Fizzgig 12y ago
Ganked - as in MMO style: a) With Legal rules made against a majority of HFT processes (edited - pathways is probably a weird weft for HN) b) With aggressive >contra algos employed to prevent certain HFT processes working c) With bandwidth / latency stingrays employed It's happening as we speak: a lot of players high up in the game are tired of HFTs. Note: this is all rumor, and plausible deniability has been engaged. You didn't hear it here, but it's gonna happen.
- Fizzgig 12y ago
  Again, the downvotes. Ganked means "[i]killed without any ability to stop being killed[/i]" Aggressive control of HFT in the market is already on the books. Will it save the markets in the next phase? Nope, but it's on the books. Hilarious that no-one here is connected enough to know this. Be Seeing You.
  - jeffreyrogers 12y ago
    Thanks for posting this. It's interesting info. Sorry you're getting downvoted. I'm not really sure why that is.
  - Estragon 12y ago
    > control of HFT in the market is already on the books What are the relevant regulations?
    - mahyarm 12y ago
      Well for example, there is a proposed transaction tax by some politician in the USA, targeting HFT processes. It wouldn't be painful for joe buying his mutual fund EFTs every month, but it will be for HFTs.
      - Estragon 12y ago
        That's not on the books, that's not even in a committee yet, is it?
  - beagle3 12y ago
    There are various kinds of HFTs, and some will be ganked, but others are generally indistinguishable from trading that the markets believe are healthy (I'm familiar with more than one "buy-side-only" HFT firms, for example, who would still be profitable through transaction taxes and "order must stay in the market at least 5 seconds" rules which had been contemplated). Though, I'd be surprised if any law gets passed and enforced against HFT as long as Goldman is HFTing. They have too much klaut to make that happen. Once they stop profiting from HFT - everything goes