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Meet Getco, High-Frequency Trade King


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Meet Getco, High-Frequency Trade King

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  #1 (permalink)
Milan (I)
 
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I know this argument has been already discussed but according to WSJ Getco a High-Frequency Trade King:

"One day last October, Getco juggled about two billion shares, representing more than 10% of the volume in U.S. equities, according to a person familiar with the firm."

Are Getco techniques falsing signals generated by volume strategies?

WSJ: Meet Getco, High-Frequency Trade King Quant Macro Investing

https://www.forbes.com/forbes/2009/0921/revolutionaries-stocks-getco-new-masters-of-wall-street.html

https://www.virtu.com/
Also

-anybody familiar with : Jump Trading, Sun Trading, Fat Trading, OPtiver, Tradebot (together with Getco they might represent more than 40% US Vol)
-Besides technology and liquidity gaps, will it be possible one day to use these techiques on a retail level

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  #3 (permalink)
Milan (I)
 
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Besides connection performance, does anybody know how many executions/sec our actual platforms can stand ?

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redratsal View Post
Besides connection performance, does anybody know how many executions/sec our actual platforms can stand ?

More information needed.

Do you mean, send / execute trades?

Read T&S of trades that occurred?

Watch or participate in this type of trading?

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  #5 (permalink)
Milan (I)
 
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Referring to Mike's post
Did we keep up with changes? I think on this side our actual plaftorms haven't evolved that much

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Milan (I)
 
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DavidHP View Post
More information needed.

Do you mean, send / execute trades?

Read T&S of trades that occurred?

Watch or participate in this type of trading?

Hi DavidHP,

Thanks for answering, my point is: is the actual retail technology enough evolved to come close to HFT in a way that some guys like gomi can start developing something or are we too far away and its not worth the effort. Most important from my first thread can HFT manipulate volumes and consequently falsify all the retail strategies linked to this indicator

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redratsal View Post
-Besides technology and liquidity gaps, will it be possible one day to use these techiques on a retail level

I think probably not..even forgetting about market making we are bottle necked by the ability to handle large amounts of data on our end analysis wise.
Maybe at a certain size level on a thinner market, some techniques that deal with market impact could come in handy.

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redratsal View Post

............can HFT manipulate volumes................

What do u mean?
Anyway not much in the Future Excahnges, much more in Stock ones, but is manipulation of price thru limit orders, so the level 2 data result manipulated, for example putting a lot of limit orders and then cancelling them so quickly to be not executed, but enough to rise or lower the price.

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LukeGeniol View Post
What do u mean?
Anyway not much in the Future Excahnges, much more in Stock ones, but is manipulation of price thru limit orders, so the level 2 data result manipulated, for example putting a lot of limit orders and then cancelling them so quickly to be not executed, but enough to rise or lower the price.

Hi LukeGeniol,

Thks for sharing, concerning HFT on futures have a look at
https://www.zerohedge.com/article/worried-about-senseless-futures-action-blame-hft-which-now-taking-over-multi-dimensional-arb
The article was written more than one year ago imagine today

Concerning manipulation: Some traders are manipulating U.S. stocks that are worth less than $1 by taking both sides of trades in order to earn big rebates. It happens for hundreds of millions of shares per day." In other words, HFT algos that do nothing but churn and collect "maker-taker" liquidity rebates, are forcing fake prices in, yes, thousands of names.

Reuters informs that "a big high-frequency trading firm faces possible civil charges by regulators after its computer ran amok and sparked a frenzied $1 surge in oil prices in February, according to documents obtained by Reuters and sources familiar with the continuing investigation." The firm in question is Infinium Capital Management, which confirmed that it is the company at the center of a six-month probe by CME Group Inc into why its brand new trading program malfunctioned and racked up a million-dollar loss in about a second, just before markets closed on February 3


Somebody in futures.io (formerly BMT) complained about volume spikes appearing and disappearing does it relate?

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  #10 (permalink)
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redratsal View Post
..............

Somebody in futures.io (formerly BMT) complained about volume spikes appearing and disappearing does it relate?

Do not think, HFTs want to hide themself.
Anyway I think retails will always remain behind to the tecnology and resouces avaliable to the prop firm, and anyway I don't think HFT could be benificial for retails cos they are undercapitalized for such strategies. What one can do is find a way to try to track some HTFs.

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Luke.
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LukeGeniol View Post
Do not think, HFTs want to hide themself.
Anyway I think retails will always remain behind to the tecnology and resouces avaliable to the prop firm, and anyway I don't think HFT could be benificial for retails cos they are undercapitalized for such strategies. What one can do is find a way to try to track some HTFs.

That was my starting point, besides technology and liquidity a strategy that could locate HTF and follow, on this side I think we have to catch up, IMO if the daily volumes threated with HTF are so important we (retail) are using techniques indicators strategies what so ever, that are becoming obsolete and not properly efficient, Big Mike and HFT Forcing Traders to Become More Sophisticated ~ T3Live Blog: Daily Stock Market Trading Commentary were right.

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If you try do same thing what these big boys are doing, you will be in court.

Two Norwegians Face Up To 6 Years Of Prison Time For Doing What HFT Algos Do In The US Every Single Day | zero hedge

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Milan (I)
 
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Thks KK240, I bet the two have already found a job probably by the same companies who accused them

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