What High Frequency Trading Looks Like To The Human Broker’s Naked Eye

What High Frequency Trading Looks Like To The Human Broker's Naked Eye

What High Frequency Trading Looks Like To The Human Broker’s Naked Eye

The New York Times profiled a dying breed on Wall Street this weekend — the stockbroker at a small brokerage firm, trading without a computer running at high speed.

The brokers profiled were Joe Saluzzi and Sal Arnuk, founders of Themis Trading. They’re advocating a slow down on Wall Street. Specifically, they want high frequency trading (HFT) firms to have to honor the price of a stock they’re offering for at least 50 milliseconds. They’ve even written a book about it called “Broken Markets: How High Frequency Trading and Predatory Practices on Wall Street are Destroying Investor Confidence and Your Portfolio.”

The whole piece is worth a read, but the most interesting part to us was the quick description of what HFT looks like to the naked eye as brokers buy and sell.

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About yocijourney

God does not play dice
This entry was posted in Breaking News, Business, Finance, High Frequency Trading, Insider Trading, knight capital, World Economy and tagged , , , , , , , , , , . Bookmark the permalink.

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