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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 413.19+1.1%Jan 6 4:00 PM EST

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To: Maurice Winn who wrote (105476)4/8/2014 10:21:34 AM
From: carranza2  Read Replies (1) of 219063
 
Whatever, Mq.

The problems are three: Flash crashes (a phenomenon we've already seen), front running and insider trading. The latter two are legal issues.

The flash boys are IMO trading illegally. They are trading on material information which is not publicly available. And they are also front running. Otherwise, why do you think the flashers are buying order flow?

It must be nice to front run on insider info. Absolutely no risk of loss, which of course explains why some houses have had few or no losing days in months. Explains why banks are so incredibly profitable. That and QE.

The flashers are building systemic complexity into the markets. I don't think that's a very good idea. You may call it great fun when a real market crash ensues when the risks HFT creates materialize but I doubt that the public will agree with you. I also hope you are as quick as the flashers because you will suffer too if you're not.
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