Sorry, that's quite naive.
Timber Hill predates IB by several years (maybe 10). IB grew out Peterffy's recognition that he could monetize his market making infrastructure....
A recent Aite Group report pegged HFT at about $2B/yr net. I think that's high; it necessarily involved 2008, which was ridiculously phenomenal...
Brilliant journalism and insights. Clearly the answer is to remove food from the public auction markets so price discovery is a closed-door...
A family favorite: Blueberry Scones with Lemon Glaze Serves: 8 scones Ingredients 2 cups all-purpose flour 1 tablespoon baking powder...
You may have some interesting points in there, but I can't respond to that. If you can't organize what you want to say, I don't feel any...
I actually don't think you've made a huge new point here, but of course I can't disagree re: price discovery and the auction mechanism. And I...
^^^ I agree with the majority of that. I don't know every exchange's mechanics, and haven't traded equity options in a while (in the late '90s I...
Right. The last 225+ years were just an anomaly. In the old days everyone got a fair shake. If you know that little why would you even post?
TT's X-Trader Pro, which is pretty much a laughable piece of technology, is seen by many in retail as "big time". It's ~ $1800/mo. You're...
There isn't slower or faster info, or at least not any more than there ever was. Guys in the pit had info before anyone else, guys with DMA...
I haven't played in a while, but wasn't that always the case officially? The only way they can catch it is speed of decisions, IP tracking,...
No, I was responding to something specific: an assertion that the technology available was comparable. It's not, if for no other reasons than the...
You may be a profitable online player and even very knowledgeable, but that statement isn't even close to true. Like, you're probably off by 5-6...
That's actually an interesting question, but it comes down to this: while it's easy to think of "the market" as a single entity, it's not; anyone...
Now that I've read the commentary you posted, I'm wowed anew by your inability to read and comprehend the views of others. One of the first posts...
"This thread you created"... you seem to say things like that a lot. You do realize success in the markets is measured in buying power of some...
Taped across the top of my main monitor on the desk: "Your code sucks."
I don't think I can agree with this in practice. I understand what you're saying, but I consistently find a specific type of knowledge I can only...
1. If you have a mouse in your hand, you are TOO SLOW. Learn to deal with it, it's not changing. 2. NO exchange will allow for participants...
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