TheNanex

4 ms·

1.
by TheNanex 11y ago
I am a big fan of Edward Tufte.
2.
by TheNanex 11y ago
Are you saying the SIP runs on the best hardware/software available? I want to get that cleared up before moving on to a new topic.
3.
by TheNanex 11y ago
Wealthy friends with promises of a nice job (and other things)
4.
by TheNanex 11y ago
Pretty sure NYSE's ancient creaky FIX gateway is infinitely faster than the NYSE ARCA gateway - as the latter, while more network efficient, isn't going to ever take your packets to NYSE. NYSE and NYSE ARCA are different exchanges
5.
by TheNanex 11y ago
He's right - if you weren't part of the group that was paying them over $100M/year in fees for "real-time" data and you weren't buying or selling stock in 2008, 2009, 2010 and 2011, it probably didn't impa
6.
by TheNanex 11y ago
Are you from Citadel? Would you trust Wall Street to give you the best price on anything if there was no way to verify it? There is no way to reasonably know if you are getting the best price (because they can change many times in the same
7.
by TheNanex 11y ago
The SIP (consolidated feed) is tasked with using the most efficient hardware and software available. If a private company can consolidate faster than the SIP, then the SIP isn't using the most efficient hardware and software available
8.
by TheNanex 11y ago
Where to begin. The retail investor gets the slowed down price (the NBBO is really what the internalizer/wholesaler saw from the SIP when they executed your order). That same internalizer buys/sells from the faster feed. Whenever
9.
by TheNanex 11y ago
Excellent question: they were ECSTATIC to pay $5M Covington and Burling - who represented the NYSE in this matter, used the paltry $5M fine as bragging rights in their year end letter to clients! 'We got the NYSE off with just $5M&#x27
10.
by TheNanex 11y ago
Nothing will make it move more quickly. As for tips, in no particular order: 1) don't tell anyone (for many reasons) 2) you don't need a lawyer in the first stage 3) be sure you have rock solid proof 4) do not risk your career
11.
by TheNanex 11y ago
I don't have a name for that chart. It's a customized display I wrote that I found makes it easiest to view quote spreads and trades from multiple exchanges. I write in "c" combining simple graphics: lines, pixels and te
12.
by TheNanex 11y ago
It happens all the time (ALL. THE. TIME.) and have documented dozens of examples. There are links to many of those examples on that page (fantaseconds). I've also posted many examples on twitter @nanexllc using recent data (yes, this i
13.
by TheNanex 11y ago
I was ignored by the Trading and Markets people at the SEC, but not ignored (obviously) by the Enforcement people.
14.
by TheNanex 11y ago
Yikes. Lots of misinformation here. First of all, this has nothing to do with High-Frequency Trading. It's about the NYSE not delivering a product (SIP real-time data) while collecting $100M a year for that service. This was happening