It amazes me, the lack of interest in this subject. It is the Algo/HFTing that is running the show anymore, and when it breaks, it will break hard and fast, But no one really seems to care. I'm confused.........
Submitted by Tyler Durden on 07/08/2011 12:17 -0400
* Bank of England
* BOE
* Capital Markets
* Dark Pools
* Financial Regulation
* High Frequency Trading
* New York Stock Exchange
* Random Walk
* Risk Management
* Transparency
Zero Hedge has been warnings about the scourge of High Frequency Trading long before most in the general public had even heard about the concept. Over the past 2 years, and culminating with the Flash Crash it became all too clear that HFT is nothing but a parasitic phenomenon which churns volume in stocks providing the best liquidity rebates, while pretending to be adding liquidity. Recently the best we can do is to provide glaring examples of HFT algos gone wrong in hopes that some regulator somewhere will finally take the long overdue step to establish a minimum bid/ask time delay and thus put virtually the entire HFT frontrunning math Ph.D. crew out of business. The latest development in the ongoing saga against these parasites comes from none other than the Bank of England's Andrew Haldane who prepared a speech to the International Economic Association Sixteenth World Congress in Beijing China, titled "The race to zero" which essentially recaps the hundreds if not thousands of posts we have written on the matter of risks posed by High Frequency Trading, and blasts the concept, as well as the toothless captured regulators who continue to exist in their zombie, porn-addicted state, and refuse to move one finger to finally end this next Flash Crash-in-waiting.
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* 39 comments,,,,,,,,,,,,,,,is all, and this post was from early in the day!!!!!!!!!!!!!!!!
* Read more
http://www.zerohedge.com/article/bank-england-blasts-threat-capital-markets-high-frequency-trading
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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