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Dark Pools

  #1 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Not sure how there isn't a thread on Dark Pools already.

Anyway, news:

Exchanges Are Moving to Curb Private Trades - NYTimes.com

Mike

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  #3 (permalink)
 
FXCM Brad's Avatar
 FXCM Brad 
New York, NY
 
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Super interesting, thanks Mike!

Have you or anyone else read Dark Pools by Scott Patterson? If not, its super interesting!! It provides a perspective on markets that I think very few people knew about.

Anyone talking about trading in millionths, billionths or trillionths of a second...?

If you have any questions about the products or services provided by FXCM, please send me a Private Message or use the BMT " Ask Me Anything" thread
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  #4 (permalink)
 
Robert Carrillo's Avatar
 Robert Carrillo 
Omaha NE
 
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Hi Brad,

Informative webinar on HFT last summer presented by: Telvent DTN/Nanex
Discussion thread for Q&A: Click Here

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  #5 (permalink)
 NLD1888 
SINGAPORE
 
Experience: Intermediate
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I've started reading 2 chapters of the book.
A bit heavy for a beginner but interesting insight.
I read from another source about Haim Bodek who is a HFT insider who claims about many brokers are selling order flow to HFT. I wonder if this is true. If so, this is a rigged system. I wonder if anyone knew which broker(s) is/are selling our orders.

Rgds,
NLD

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  #6 (permalink)
 NLD1888 
SINGAPORE
 
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Correction: He mentioned that many brokers are selling retail orders to either dark pools or what he mentioned as "Internalization", and not directly to the exchanges. (Not to HFT). I wonder if this is true.

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  #7 (permalink)
 NLD1888 
SINGAPORE
 
Experience: Intermediate
Platform: TS, TOS, TW, IB
Broker: TOS, IB, TS, TW
Trading: Options, Stocks, ETFs, Futures
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I don't know how to reference a link here. Do a google search for "For Superfast Stock Traders, a Way to Jump Ahead in Line" which is at WSJ online for a good insight.

I think he is talking about those unfair advantages over many other investors which include HFT.

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Last Updated on November 22, 2013


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