054: Rishi Narang – Components of a Black Box, Humans Versus Computers, and High Frequency Trading
Chat With Traders
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The Importance of Direct Feeds in High Frequency Trading
There are aspects of market structure that I think need improvement and by improving those a lot of the bad behavior that exists would go away. There are players who make orders without any intent of getting those orders filled it's called spoofing they're just placing these orders rapidly and canceling them to try to make other people make mistakes. HFTs have this great advantage and poor institutional investor with their billions and billions of dollars and hundreds and hundreds of employees are like the second tier The irony is that michael lewis book touts how too tiered the markets are because HFTs can get first mover advantage on certain data types.
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