US targets High Frequency trading Firms"NY AG Eric Schneiderman announced he will take a deeper look at high-frequency trading world, particularly vendors that provide services for HFT traders.
He called for reforms that he says would eliminate “unfair advantages” that high-frequency trading firms have over other investors. Those advantages are offered by exchanges and other service providers and include: allowing traders to locate their computer servers within trading venues themselves; providing extra network bandwidth to high-frequency traders; and attaching ultra-fast connection cables and special high-speed switches to their servers, the AG’s office said today.
High-frequency trading has drawn much attention in the last few years especially after the May 2010 “flash crash.” The trading strategy has grown as firms invests more money in rapidly evolving technology, and look for an edge over competitors.
HFT firms typically trade hundreds or thousands of times per day for their own account, with a typical holding period measured in seconds or minutes, according to research by Charles Jones, professor of Finance and Economics and the Director of the Program for Financial Studies at Columbia Business School."
Entire article
https://www.forbes.com/sites/halahtouryalai/2014/03/18/ny-ags-new-crackdown-targets-high-frequency-trading/
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Yesterday Blackberry
Without HFTs - only 10 trades in 23 minutes
| Time ET |
Ex |
Price |
Change |
Volume |
Buyer |
Seller |
Markers |
| 11:02:53 |
T |
10.49 |
0.23 |
34 |
80 National Bank |
36 Latimer |
|
| 10:59:00 |
T |
10.48 |
0.22 |
12 |
36 Latimer |
80 National Bank |
|
| 10:46:23 |
T |
10.48 |
0.22 |
200 |
1 Anonymous |
53 Morgan Stanley |
|
| 10:46:23 |
T |
10.48 |
0.22 |
100 |
1 Anonymous |
79 CIBC |
|
| 10:46:21 |
T |
10.48 |
0.22 |
200 |
39 Merrill Lynch |
79 CIBC |
|
| 10:39:59 |
T |
10.46 |
0.20 |
80 |
85 Scotia |
36 Latimer |
|
| 10:39:38 |
T |
10.42 |
0.16 |
1 |
36 Latimer |
79 CIBC |
|
| 10:39:27 |
T |
10.44 |
0.18 |
10 |
124 Questrade |
36 Latimer |
|
| 10:39:27 |
T |
10.45 |
0.19 |
50 |
7 TD Sec |
36 Latimer |
|
| 10:39:27 |
T |
10.45 |
0.19 |
75 |
7 TD Sec |
36 Latimer
|
|
With the HFTs - 10 trades in 0 secs
| Recent Trades - Last 10 of 6293 |
| 12:48:02 |
T |
10.43 |
0.17 |
100 |
13 Instinet |
1 Anonymous |
|
| 12:48:02 |
T |
10.43 |
0.17 |
100 |
13 Instinet |
1 Anonymous |
|
| 12:48:02 |
T |
10.43 |
0.17 |
100 |
13 Instinet |
1 Anonymous |
|
| 12:48:02 |
T |
10.43 |
0.17 |
100 |
13 Instinet |
1 Anonymous |
|
| 12:48:02 |
T |
10.43 |
0.17 |
100 |
13 Instinet |
1 Anonymous |
|
| 12:48:02 |
T |
10.43 |
0.17 |
100 |
13 Instinet |
1 Anonymous |
|
| 12:48:02 |
T |
10.43 |
0.17 |
100 |
13 Instinet |
1 Anonymous |
|
| 12:48:02 |
T |
10.43 |
0.17 |
100 |
13 Instinet |
39 Merrill Lynch |
|
| 12:48:02 |
T |
10.43 |
0.17 |
100 |
13 Instinet |
1 Anonymous |
|
| 12:48:02 |
T |
10.43 |
0.17 |
100 |
13 Instinet |
39 Merrill Lynch |