jamieabe

4 ms·

1. 1.▲
   by jamieabe 13y ago

   No, I'm saying Goldman Sachs has computers located at the stock exchange that are programmed to trade based on order flow information.
2. 2.▲
   by jamieabe 13y ago

   They can front run because they receive all of the order flow decimals of a second before the orders are executed. Let's say for example you saw (or your computer told you) that X market orders for Y shares to buy a stock just entered
3. 3.▲
   by jamieabe 13y ago

   I was drawing a real life comparison to how HFT works...it gives the big banks order information before it is executed. As for actual commands, sorry I am not a programmer, just a former trader.
4. 4.▲
   by jamieabe 13y ago

   That's the whole point...Michael Lewis said he can't believe it hasn't been made illegal....5 years ago, during the financial crisis there was a good story on it in the New York Time and one of the Senators said they were out
5. 5.▲
   by jamieabe 13y ago

   The bigger story of HFT is that it enables the big banks to manipulate the stock market. Because they know all market orders before they are executed, they are able to cancel all bids and offers before it is possible for anyone to hit or ta