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Technology Stocks : The *NEW* Frank Coluccio Technology Forum

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To: aladin who wrote (35677)	10/29/2010 5:50:41 AM
From: axial	Read Replies (2) of 46821

John, widely-accepted HFT stats are being corrected. No, Average Stock Holding Period Is Not 11 Seconds "Conclusion: The 11 second number is wrong. There is no data supporting that. Estimates of HFT of 70% of trade volume are just that — estimates — and we have no evidenciary [sic] proof or data that HFT trade volumes are 70% . . ." ritholtz.com Against this corrected data, we still have a range of contradictory information from different experts and practitioners, inside and outside HFT. CFTC takes aim at "runaway robotic trades: Chilton "Bart Chilton, a commissioner with the futures regulator, said "mini-flash crashes occur all too often" following a surge in high-frequency trading. Securities and futures regulators have been trying to determine ways to prevent another event like the May 6 "flash crash" when markets temporarily plunged. The CFTC on Tuesday will unveil new draft rules to clamp down on disruptive trading practices. "They don't cause as much of a disruption as that of May 6, but more than once this year, runaway algos have disrupted markets. By that I mean, cost people money," Chilton said in prepared remarks for an energy conference in Las Vegas. "We should explore ways to hold those who set off runaway robotic trades accountable," he said. At least one algorithm is know to have disrupted the oil markets this year. Infinium Capital Management said in August it was the company at the center of a six-month probe by CME Group Inc into why a new trading program malfunctioned, racking up a million-dollar loss in about a second on February 3." reuters.com Jim

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