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Technology Stocks : The *NEW* Frank Coluccio Technology Forum
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To: Win-Lose-Draw who wrote (34733)8/1/2010 4:47:39 PM
From: Frank A. Coluccio  Read Replies (1) of 46821
 
re: "At this point, all the "front-running" algos can really do is take turns raiding each others' pockets."

Hi WLD. I'm sure there are many, even right here in this forum, who will agree with, and some already have. W.r.t the larger game taking place, here's an example from another perspective, as illustrated by two tweets just a few minutes apart within the past hour:

@fcoluccio: A pro offers great insights in inner workings of algorithmic trading platforms and attempts at fairness administration: bit.ly 35 minutes ago via web

@BobFrankston: @fcoluccio Trading would be better if we grouped trades instead of relying on microsecond edges. Today's markets are not really markets
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What's the difference between "people" being grouped together and "servers" being grouped together, other than to eliminate the frailties of human computational skills and response time capabilities? And if you eliminate the servers, why stop there? When was the last time anyone saw a job ad for a ticker tape reader or keypunch operator working the floors, although even those would be fair game for extinguishing if the purge were to be complete. Next would come the telegraph, one would have to assume.

Mind you, I am not by any means enamored by the HFT model, or in favor of the handicap it imposes on ordinary traders and individual stockowners, but merely citing historical trends and testing some of the waters as I have observed them over the decades from a purely technological vantage point.

FAC

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