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Main => General Discussion => Topic started by: xeroc on April 26, 2015, 08:59:48 pm

Title: Guy Trading at Home Caused the Flash Crash - Bloomberg View
Post by: xeroc on April 26, 2015, 08:59:48 pm
http://www.bloombergview.com/articles/2015-04-21/guy-trading-at-home-caused-the-flash-crash
Title: Re: Guy Trading at Home Caused the Flash Crash - Bloomberg View
Post by: monsterer on April 26, 2015, 09:15:47 pm
You can see this behaviour all the time in the bitcoin markets - just watch any of the big exchanges through bitcoinwisdom so you can see the book and the price. It's commonplace.
Title: Re: Guy Trading at Home Caused the Flash Crash - Bloomberg View
Post by: Buck Fankers on April 26, 2015, 09:23:20 pm
http://www.bloombergview.com/articles/2015-04-21/guy-trading-at-home-caused-the-flash-crash

"Why Nav Sarao had to be destroyed : He Found A Way To Beat The HFTs At Their Own Game", http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/04/Sarao%20response%20letter.pdf (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/04/Sarao%20response%20letter.pdf)

Quote
“…you showed the broken system that it can be beaten, and explained how. As a result, the only response the broken system had was to put you away for good.”

https://twitter.com/nanexllc/status/591582895841669120 (https://twitter.com/nanexllc/status/591582895841669120)

Then ZH began doing this, daily http://www.zerohedge.com/news/2015-04-22/dear-cftc-market-manipulating-spoofing-taking-place-e-mini-just-today (http://www.zerohedge.com/news/2015-04-22/dear-cftc-market-manipulating-spoofing-taking-place-e-mini-just-today)

Title: Re: Guy Trading at Home Caused the Flash Crash - Bloomberg View
Post by: xeroc on April 27, 2015, 06:33:43 am
You can see this behaviour all the time in the bitcoin markets - just watch any of the big exchanges through bitcoinwisdom so you can see the book and the price. It's commonplace.
Yep .. just wanted to point out this article and let the community figure out that having to pay a transaction fee to "put" an order is a good thing ..
Title: Re: Guy Trading at Home Caused the Flash Crash - Bloomberg View
Post by: speedy on April 27, 2015, 06:53:08 pm
Are they really saying that this lone guy was the only one doing layering? Its the most obvious HFT strategy and big institutions probably do it all the time. Sounds like another case of regulators only going after the little guy. His mistake was that he didnt do this as an employee of a bank.
Title: Re: Guy Trading at Home Caused the Flash Crash - Bloomberg View
Post by: toast on April 27, 2015, 07:20:23 pm
Bullshit scapegoat propoganda