Thoughts on the trade through rule

next week the SEC’s market structure advisory committee will hold it’s first official meeting. The meeting will revolve around discussions of the trade through rule. Critics of trade through claim that it creates complexity, facilitates nascent marketplaces that add little value, and amplifies the opportunity for latency arbitrage. Those defending the rule, suggest it is … Continue reading Thoughts on the trade through rule

Bitcoins real lessons

for the last few years under employed Twinkie eating millenials have been convinced that bit coin is the future of the fx market. It is not. It is also not, as somebody tried to tell me, a currency originally invented by the U.S. Government to hide payments to Stanley Kubrick for his help in faking … Continue reading Bitcoins real lessons

Spoof this bitch

well the story of the day clearly belongs to the UK based futures trader who’s e-mini spoofing algo placed added pressure on an already fragile market on May the 6th 2010. The algo, developed largely by a coder working for Navinder Sarao’s EMS provider was designed to place large orders 4 to 8 ticks away … Continue reading Spoof this bitch