• Writing and Testing High-Frequency Trading Engines

    In Java, writing microsecond low-latency systems requires disciplined use of a subset of Java’s features, and testing and persistence provide additional challenges. This presentation looks at some of the solutions possible in Java and where the session’s speaker sees the future of high-frequency trading and Java. Author: Peter Lawrey Innovative developer of high performance Java Systems for competitive advantage. View more trainings by Peter Lawrey at https://www.parleys.com/author/peter-lawrey Find more related tutorials at https://www.parleys.com/category/developer-training-tutorials

    published: 05 Jun 2015
  • A Closer Look at High-Frequency Trading

    This is the VOA Special English Economics Report, from http://voaspecialenglish.com | http://facebook.com/voalearningenglish Once, stocks were traded through the open outcry system. Today fast, interconnected computers have mostly replaced the traders shouting prices on the floors of stock exchanges. Joe Saluzzi is a head of equity trading at Themis Trading in New Jersey. "The equity market has changed. It's no longer what you see on TV, it's no longer guys with colored jackets running around the floor anymore. .... The equity market is a bunch of co-located computers strung together by a bunch of wires, everyone trying to race to zero. The speed of light is the goal."Computers can process stock trades in thousandths of a second. Andrew Haines of Gain Capital is an online broker. "A mil...

    published: 02 Nov 2011
  • Nanex's High Frequency Trading Model (Sped Up)

    Nanex released a video showing the results of half a second of worldwide high frequency trading with Johnson and Johnson stock. I simply sped up the footage to get a better feel of what it looked like. Blow Your Mind.

    published: 09 May 2013
  • "60 Minutes" investigates high-frequency trading

    "60 Minutes" correspondent Steve Kroft revealed Sunday night how a few stock market insiders are making billions in high-frequency trading. Kroft spoke with Michael Lewis, the author of "Flash Boys," about how insiders are raising the costs of stocks for ordinary investors.

    published: 31 Mar 2014
  • Huge Deals in Microseconds | Made in Germany

    Whether in London, New York or Frankfurt, computers have taken over the bulk of trading at major stock exchanges. The sophisticated technology lets investors buy and sell equities in a fraction of a second. Critics warn that the high-speed trading puts the entire financial system at risk. Have we lost control of the financial system? Read more: http://www.dw.de/program/made-in-germany/s-3066-9798

    published: 23 Apr 2014
  • Nanex ~ Order Routing Animation ~ 02-May-2013 ~ JNJ

    We made another video that slows things down even more and shows 1/100th of a second of trading in Merck: http://www.youtube.com/watch?v=L5cZaIZ5bWc 1/2 second of trading activity in Johnson & Johnson (symbol JNJ) on May 2, 2013 This video was featured at Wired Business Conference (watch it now: http://fora.tv/2013/05/07/Nanex_CEO_Eric_Hunsader_Flash_Trading_Detective_Work) Follow us on twitter @nanexllc for Wall Street Breaking coverage. Set to lowest resolution for an "artistic rendering", or highest resolution for science. The animation tool that created this video was written in "C" using Windows GDI - simple lines, polygons and ellipses. We wrote it to explain to the SEC and CFTC (the regulators) how our markets work. We got the idea after realizing, in face to face meetings with ...

    published: 03 May 2013
  • How to get 4+ Mill Silver per hour Guide - Money Mastery Series Episode 1 Part 2 - BDO

    LIVE STREAM Twitch.tv/BladeBoques Money Mastery Series Episode 1 Active Income Episode 2 Passive Income Episode 3 Residual Income Building Annuity Episode 4 Microsecond Millions Episode 5 Long Term Investing

    published: 07 May 2016
  • FPGA and hardware accelerated trading

    Accelize ultra low latency programmable network platforms are built around its leading edge FPGA accelerator cards. The platforms include a balanced combination of hardware, software, and intellectual property (IP) that enable easy implementation of ultra low latency network data processing and high-performance computing inside the FPGA. TARGET APPLICATIONS Accelize FPGA network platforms are especially targeted at the financial services industry and are deployed in various trading environments. The platforms enable sub-microsecond latency market data processing and order execution and enable orders of magnitude superior performance for algorithmic trading, including options pricing and risk management, over conventional software-based and hybrid approaches.

    published: 15 Jul 2014
  • What is a quant trader?

    http://www.onestepremoved.com/ Shaun Overton interviews Michael Halls-Moore, a quantitative developer. Mike jumped from postgraduate school straight into algorithmic trading, bringing all the academic expertise but having to figure out the real world of trading with other people's money. Mike talks about the differences between trading personal accounts and what the institutions look for in their trading strategies. http://youtu.be/Uw188vWQ2Hg

    published: 02 Dec 2013
  • Gettting to 100 Nadex 5 minute Binary trades- 99 wins 2 losses

    Gettting to 100 Nadex 5 minute Binary trades- 99 wins 2 losses Learn More at http://dexindicators.net Register for the Next Live Trading Webinar http://nadex5minfullcircle.gr8.com/ Like us on Facebook https://www.facebook.com/DexIndicators/

    published: 13 Oct 2016
  • The need for speed: high finance at low latency

    The need to process massive amounts of network traffic in real-time is rising. This is especially true in the financial industry, where the ability to process high volumes of trading data at ultra-high speeds with ultra-low latency is increasingly business critical. It’s a highly competitive industry. But as the race to build the fastest and smartest trading systems intensifies – and response times drop to sub-microsecond levels – the demands being placed on traditional software and hardware architectures are overwhelming. MeetTheBoss TV caught up with Henrik Lilja, CEO at Fiberblaze, to find out how to optimise your technology for low latency.

    published: 01 Apr 2016
  • Execute trades in microseconds

    Buy and sell 500 symbols in 2 seconds

    published: 13 Jan 2017
  • The Stock Market & the Economy: High-Frequency Trading and Wall Street Stock Traders (2013)

    High-frequency trading (HFT) is the use of sophisticated technological tools and computer algorithms to rapidly trade securities. HFT uses proprietary trading strategies carried out by computers to move in and out of positions in seconds or fractions of a second. Firms focused on HFT rely on advanced computer systems, the processing speed of their trades and their access to the market. Many high-frequency traders provide liquidity and price discovery to the markets through market-making and arbitrage trading; and high-frequency traders also take liquidity to manage risk or lock in profits. As of 2009, studies suggested HFT firms accounted for 60-73% of all US equity trading volume, with that number falling to approximately 50% in 2012. High-frequency traders move in and out of short-term ...

    published: 21 Aug 2013
  • Is high frequency trading good for financial markets?

    In the October edition of our Big Question video series, Booth professors John Heaton, Tobias Moskowitz, and Eric Budish are joined by Stephen Brodsky of Spot Trading to discuss the effect of technology on financial markets.

    published: 14 Oct 2013
  • High Frequency Trading - Robots vs Humans

    Most of us have never heard of high-frequency trading. Yet, many experts predict that the next financial crisis will be caused by this new practice, invented by Wall Street. Thousands of computers are interconnected, buying and selling thousands of market shares every micro-second, with no human control or regulation. We delve into a mad financing world dominated by machines, or rather, by elaborate algorithms carefully developed by mathematicians. The ultimate goal? To reach maximum profit within a few seconds. But sometimes, software breaks down and creates, what experts call a “flash crack,” an instantaneous market collapse. We investigate the job of speed traders and expose the often shocking methods they use to reach their goals. This is part of the acclaimed ’Cash Investigations - Un...

    published: 09 May 2017
  • Stock Market Insider Trading: High-Frequency Trading Transactions (2014)

    High-frequency trading (HFT) is a primary form of algorithmic trading in finance. Specifically, it is the use of sophisticated technological tools and computer algorithms to rapidly trade securities. HFT uses proprietary trading strategies carried out by computers to move in and out of positions in seconds or fractions of a second. It is estimated that as of 2009, HFT accounted for 60-73% of all US equity trading volume, with that number falling to approximately 50% in 2012. High-frequency traders move in and out of short-term positions at high volumes aiming to capture sometimes a fraction of a cent in profit on every trade. HFT firms do not consume significant amounts of capital, accumulate positions or hold their portfolios overnight. As a result, HFT has a potential Sharpe ratio (a mea...

    published: 02 Mar 2015
  • Joe Saluzzi on High-Frequency Trading: The Equity Market Is Now Controlled By The Machines

    Joe Saluzzi, co-founder of Themis Trading LLC and outspoken exchange expert, is concerned with how high-frequency trading has brought the capital markets into uncharted - and dangerous - territory. "Things have changed," he cautions. With 50-70% of all trades being conducted by algorithms at micro-second time intervals, real human traders are increasingly challenged to understand how our markets actually work. "No longer do the technical patterns - that have lasted for years and years, and are written about all over - work anymore." In the following interview, Joe and Chris plunge into "dark pools" and other poorly-understood elements of our now-machine-dominated financial exchanges. The current system is fraught with risks of further "flash crash"-like disruptions, and at a fundmental l...

    published: 04 Nov 2011
  • ADIT CME OrderRouter - Sending orders in less than 30 microseconds

    This video shows latency of receiving a fill message from CME Group, and sending an order out. The complete round trip within the machine is 49 microseconds. 49 microseconds includes processing a fill message, strategy sending the new order, ADIT Order router sending the new message out.

    published: 09 Jun 2011
  • Is High Frequency Trading Bad / Legal / Insider Trading / Front Running? U.S. Finance (2014)

    Various studies have reported that high-frequency reduces volatility and does not pose a systemic risk, and lowers transaction costs for retail investors, without impacting long term investors. However, high-frequency trading has been the subject of intense public focus and debate since the May 6, 2010 Flash Crash. At least one Nobel Prize winning economist, Michael Spence, believes that HFT should be banned. In their joint report on the 2010 Flash Crash, the Securities Exchange Commission and the Commodity Futures Trading Commission stated that "market makers and other liquidity providers widened their quote spreads, others reduced offered liquidity, and a significant number withdrew completely from the markets" during the flash crash. Politicians, regulators, scholars, journalists and ...

    published: 30 May 2015
  • Responding in a timely manner - Microseconds in HTF or milliseconds in web apps, it is all the same

    Timing is everything. If a system does not respond in a timely manner then: at best, its value is greatly diminished; and at worst, it is effectively unavailable. Reactive systems need to meet predictable response time guarantees regardless of load or datasets size, even in the presence of burst traffic and partial failure conditions.In this talk we will explore what is means to be responsive and the fundamental design patterns required to meet predictable response time guarantees. Queueing theory, Little’s Law, Amdahl’s Law, Universal Scalability theory – we’ll cover the good bits. Then we’ll explore algorithms that work with these laws to deliver timely responses from our applications no matter what gets thrown at them. Author: Martin Thompson Martin is a high-performance and low-laten...

    published: 04 Jan 2016
  • ICR240: Irene Aldridge, Flash Crashes & High Frequency Trading

    ello and welcome to Informed Choice Radio. My guest for this episode is Irene Aldridge, author of the new book Real-Time Risk: What Investors Should Know About Fintech, High-Frequency Trading, and Flash Crashes. Irene is managing director and quantitative portfolio manager at ABLE Alpha Trading and president of ABLE Markets. She's a frequent speaker at top industry events and a contributor to academic, practitioner, and mainstream media publications, including the Journal of Trading, Futures magazine, Reuters HedgeWorld, Advanced Trading, FX Week, Dealing With Technology, and Huffington Post. Real-Time Risk is the first book to show regular, institutional, and quantitative investors how to navigate intraday threats and stay on-course. The FinTech revolution has brought mass...

    published: 12 Jul 2017
  • Cracking down on market abuse: can high frequency traders be reined in? | European CEO Videos

    European CEO speaks to Richard Metcalfe, Director of Regulatory Affairs at the Investment Management Association in London, to find out how new MiFID rules will deter market abuse, and whether governments are levelling enough criminal charges against high frequency traders. In recent years, high frequency trading has perturbed and disturbed the finance world. Those profiting from such practices are rarely known by name, but their impact is felt with every microsecond trade they make. European CEO speaks to Richard Metcalfe, Director of Regulatory Affairs at the Investment Management Association in London, to find out whether the Wild West of HFT can ever be reined in. For a full transcript visit: http://www.europeanceo.com/videos/2014/09/cracking-down-on-market-abuse-can-high-frequency-t...

    published: 26 Sep 2014
  • Public Feed Speed-bump vs Direct Feeds in Nasdaq Stocks

    Each frame shows one day: the average Public Feed quote delay in microseconds from each reporting exchange during each second between 9:30 and 9:45 in Nasdaq listed stocks (Tape C). We compute the delay for each quote by subtracting the Direct Feed timestamp from the SIP timestamp. Spikes indicate system overload which comes from 2 sources: 1) exchange transmission to the SIP (which is located in Carteret, N.J.) and/or 2) SIP processing delays. There should be very few spikes (yet they are everywhere). If all exchanges show a spike during the same second, the delay was likely caused by slow SIP processing (overload). However, if just one or a few exchanges show a spike for a given second, but the other exchanges do not, then the delay is likely because those exchanges had trouble del...

    published: 07 Jun 2016
  • Flash Boys The Animation

    Each frame is 1 millionth of a second of time (microsecond). Animation of how HFT front runs orders at the speed of light. This video shows 277 millionths of a second of time. See also: Perfect Pilfering, A detailed data-centric exposé on how the market is rigged http://www.nanex.net/aqck2/4661.html

    published: 21 Aug 2015
  • Executes trades in microseconds

    Executes 500 symbols in one second from frontend

    published: 13 Jan 2017
  • Execute trades in microseconds

    Buy and sell 500 symbols in 2 seconds

    published: 13 Jan 2017
  • SmartTick executes trades in microseconds

    Buy and sell execute S&P 500 symbols in less than 2 seconds

    published: 12 Jan 2017
  • IBM Power Systems and Algo-Logic: Accelerating the speed of big data

    Market traders need waitless insights. But real-time data demands real-time processing. With its Full Order Book and CAPI accelerator, Algo-Logic injects vast amounts of stock market data directly into memory for microsecond trading analytics. And it’s doing it with POWER8, the processor optimized for big data and analytics. Learn more at www.ibm.com/power

    published: 18 Aug 2015
  • NYSE Speed Bump Gets Thumbs Up from SEC

    05/17/17 The SEC approved the introduction of a 'speed bump' on all trades on NYSE MKT. The electronic exchange (NYSE MKT) will be renamed NYSE American and bring a 350-microsecond delay for trading of the Big Board's sister exchange.

    published: 17 May 2017
Writing and Testing High-Frequency Trading Engines

Writing and Testing High-Frequency Trading Engines

  • Order:
  • Duration: 1:07:52
  • Updated: 05 Jun 2015
  • views: 6511
videos
In Java, writing microsecond low-latency systems requires disciplined use of a subset of Java’s features, and testing and persistence provide additional challenges. This presentation looks at some of the solutions possible in Java and where the session’s speaker sees the future of high-frequency trading and Java. Author: Peter Lawrey Innovative developer of high performance Java Systems for competitive advantage. View more trainings by Peter Lawrey at https://www.parleys.com/author/peter-lawrey Find more related tutorials at https://www.parleys.com/category/developer-training-tutorials
https://wn.com/Writing_And_Testing_High_Frequency_Trading_Engines
A Closer Look at High-Frequency Trading

A Closer Look at High-Frequency Trading

  • Order:
  • Duration: 4:03
  • Updated: 02 Nov 2011
  • views: 42985
videos
This is the VOA Special English Economics Report, from http://voaspecialenglish.com | http://facebook.com/voalearningenglish Once, stocks were traded through the open outcry system. Today fast, interconnected computers have mostly replaced the traders shouting prices on the floors of stock exchanges. Joe Saluzzi is a head of equity trading at Themis Trading in New Jersey. "The equity market has changed. It's no longer what you see on TV, it's no longer guys with colored jackets running around the floor anymore. .... The equity market is a bunch of co-located computers strung together by a bunch of wires, everyone trying to race to zero. The speed of light is the goal."Computers can process stock trades in thousandths of a second. Andrew Haines of Gain Capital is an online broker. "A millisecond can mean millions of dollars to the success of your strategy. Having a one, two, three millisecond advantage over other traders may mean that you get into a trade at a preferable price." Andrew Haines says an estimated seventy percent of all stock trades are high-frequency trades made with complex computer models. Stocks may be held for only seconds. But fast trades are also blamed for big moves in stock prices.On May sixth, two thousand ten, a leading measure of American stocks briefly fell about nine percent. The Dow Jones Industrial Average then recovered much of those losses by the end of trading that day. The Securities and Exchange Commission ordered steps to prevent future "flash crashes" like that one. Joel Hasbrouck of New York University says those steps are working. "They're called circuit-breakers, and basically what they mean is that when a stock has moved by a large amount in a short period of time, there's a trading halt."Joe Saluzzi of Themis Trading says the main problem with high-speed trading is an unbalanced market. "The stock market used to be a predictor of the future economy. Now I think the stock market is a backwards predictor. ... It's forecasting the next microsecond move. It's not forecasting the next six months, because most of the volume is being dominated by guys who could care less what goes on in six months. So, how could you think the price is being set correctly?" But Joel Hasbrouck says high-speed trading can reduce sharp rises or drops in stock prices. "In normal circumstances, high-frequency traders act as market-makers. That means they stand by passively waiting to buy or sell from whoever comes into the market needing to trade. In that capacity, they actually help stabilize the market." For VOA Special English, I'm Alex Villarreal. (Adapted from a radio program broadcast 30Sep2011)
https://wn.com/A_Closer_Look_At_High_Frequency_Trading
Nanex's High Frequency Trading Model (Sped Up)

Nanex's High Frequency Trading Model (Sped Up)

  • Order:
  • Duration: 7:39
  • Updated: 09 May 2013
  • views: 62643
videos
Nanex released a video showing the results of half a second of worldwide high frequency trading with Johnson and Johnson stock. I simply sped up the footage to get a better feel of what it looked like. Blow Your Mind.
https://wn.com/Nanex's_High_Frequency_Trading_Model_(Sped_Up)
"60 Minutes" investigates high-frequency trading

"60 Minutes" investigates high-frequency trading

  • Order:
  • Duration: 2:38
  • Updated: 31 Mar 2014
  • views: 27163
videos
"60 Minutes" correspondent Steve Kroft revealed Sunday night how a few stock market insiders are making billions in high-frequency trading. Kroft spoke with Michael Lewis, the author of "Flash Boys," about how insiders are raising the costs of stocks for ordinary investors.
https://wn.com/60_Minutes_Investigates_High_Frequency_Trading
Huge Deals in Microseconds | Made in Germany

Huge Deals in Microseconds | Made in Germany

  • Order:
  • Duration: 3:49
  • Updated: 23 Apr 2014
  • views: 376
videos
Whether in London, New York or Frankfurt, computers have taken over the bulk of trading at major stock exchanges. The sophisticated technology lets investors buy and sell equities in a fraction of a second. Critics warn that the high-speed trading puts the entire financial system at risk. Have we lost control of the financial system? Read more: http://www.dw.de/program/made-in-germany/s-3066-9798
https://wn.com/Huge_Deals_In_Microseconds_|_Made_In_Germany
Nanex ~ Order Routing Animation ~ 02-May-2013 ~ JNJ

Nanex ~ Order Routing Animation ~ 02-May-2013 ~ JNJ

  • Order:
  • Duration: 5:57
  • Updated: 03 May 2013
  • views: 324901
videos
We made another video that slows things down even more and shows 1/100th of a second of trading in Merck: http://www.youtube.com/watch?v=L5cZaIZ5bWc 1/2 second of trading activity in Johnson & Johnson (symbol JNJ) on May 2, 2013 This video was featured at Wired Business Conference (watch it now: http://fora.tv/2013/05/07/Nanex_CEO_Eric_Hunsader_Flash_Trading_Detective_Work) Follow us on twitter @nanexllc for Wall Street Breaking coverage. Set to lowest resolution for an "artistic rendering", or highest resolution for science. The animation tool that created this video was written in "C" using Windows GDI - simple lines, polygons and ellipses. We wrote it to explain to the SEC and CFTC (the regulators) how our markets work. We got the idea after realizing, in face to face meetings with them, they didn't understand market structure or the importance of latency and the consolidated feed. That was several years ago. We still aren't sure if they get it, or are just playing dumb. The bottom box (SIP) shows the National Best Bid and Offer. Watch how much it changes in the blink of an eye. Watch High Frequency Traders (HFT) at the millisecond level jam thousands of quotes in the stock of Johnson and Johnson (JNJ) through our financial networks on May 2, 2013. Video shows 1/2 second of time. If any of the connections are not running perfectly, High Frequency Traders can profit from the price discrepancies that result. There is no economic justification for this abusive behavior. Each box represents one exchange. The SIP (CQS in this case) is the box at 6 o'clock. It shows the National Best Bid/Offer. Watch how much it changes in a fraction of a second. The shapes represent quote changes which are the result of a change to the top of the book at each exchange. The time at the bottom of the screen is Eastern Time HH:MM:SS:mmm (mmm = millisecond). We slow time down so you can see what goes on at the millisecond level. A millisecond (ms) is 1/1000th of a second. Note how every exchange must process every quote from the others -- for proper trade through price protection. This complex web of technology must run flawlessly every millisecond of the trading day, or arbitrage (HFT profit) opportunities will appear. It is easy for HFTs to cause delays in one or more of the connections between each exchange. http://www.nanex.net/Research/IsNBBOIgnored.html
https://wn.com/Nanex_~_Order_Routing_Animation_~_02_May_2013_~_Jnj
How to get 4+ Mill Silver per hour Guide - Money Mastery Series Episode 1 Part 2 - BDO

How to get 4+ Mill Silver per hour Guide - Money Mastery Series Episode 1 Part 2 - BDO

  • Order:
  • Duration: 32:19
  • Updated: 07 May 2016
  • views: 167998
videos
LIVE STREAM Twitch.tv/BladeBoques Money Mastery Series Episode 1 Active Income Episode 2 Passive Income Episode 3 Residual Income Building Annuity Episode 4 Microsecond Millions Episode 5 Long Term Investing
https://wn.com/How_To_Get_4_Mill_Silver_Per_Hour_Guide_Money_Mastery_Series_Episode_1_Part_2_Bdo
FPGA and hardware accelerated trading

FPGA and hardware accelerated trading

  • Order:
  • Duration: 3:51
  • Updated: 15 Jul 2014
  • views: 6164
videos
Accelize ultra low latency programmable network platforms are built around its leading edge FPGA accelerator cards. The platforms include a balanced combination of hardware, software, and intellectual property (IP) that enable easy implementation of ultra low latency network data processing and high-performance computing inside the FPGA. TARGET APPLICATIONS Accelize FPGA network platforms are especially targeted at the financial services industry and are deployed in various trading environments. The platforms enable sub-microsecond latency market data processing and order execution and enable orders of magnitude superior performance for algorithmic trading, including options pricing and risk management, over conventional software-based and hybrid approaches.
https://wn.com/Fpga_And_Hardware_Accelerated_Trading
What is a quant trader?

What is a quant trader?

  • Order:
  • Duration: 33:42
  • Updated: 02 Dec 2013
  • views: 86626
videos
http://www.onestepremoved.com/ Shaun Overton interviews Michael Halls-Moore, a quantitative developer. Mike jumped from postgraduate school straight into algorithmic trading, bringing all the academic expertise but having to figure out the real world of trading with other people's money. Mike talks about the differences between trading personal accounts and what the institutions look for in their trading strategies. http://youtu.be/Uw188vWQ2Hg
https://wn.com/What_Is_A_Quant_Trader
Gettting to 100 Nadex 5 minute Binary trades- 99 wins 2 losses

Gettting to 100 Nadex 5 minute Binary trades- 99 wins 2 losses

  • Order:
  • Duration: 16:09
  • Updated: 13 Oct 2016
  • views: 31252
videos
Gettting to 100 Nadex 5 minute Binary trades- 99 wins 2 losses Learn More at http://dexindicators.net Register for the Next Live Trading Webinar http://nadex5minfullcircle.gr8.com/ Like us on Facebook https://www.facebook.com/DexIndicators/
https://wn.com/Gettting_To_100_Nadex_5_Minute_Binary_Trades_99_Wins_2_Losses
The need for speed: high finance at low latency

The need for speed: high finance at low latency

  • Order:
  • Duration: 4:40
  • Updated: 01 Apr 2016
  • views: 84
videos
The need to process massive amounts of network traffic in real-time is rising. This is especially true in the financial industry, where the ability to process high volumes of trading data at ultra-high speeds with ultra-low latency is increasingly business critical. It’s a highly competitive industry. But as the race to build the fastest and smartest trading systems intensifies – and response times drop to sub-microsecond levels – the demands being placed on traditional software and hardware architectures are overwhelming. MeetTheBoss TV caught up with Henrik Lilja, CEO at Fiberblaze, to find out how to optimise your technology for low latency.
https://wn.com/The_Need_For_Speed_High_Finance_At_Low_Latency
Execute trades in microseconds

Execute trades in microseconds

  • Order:
  • Duration: 0:33
  • Updated: 13 Jan 2017
  • views: 55
videos
Buy and sell 500 symbols in 2 seconds
https://wn.com/Execute_Trades_In_Microseconds
The Stock Market & the Economy: High-Frequency Trading and Wall Street Stock Traders (2013)

The Stock Market & the Economy: High-Frequency Trading and Wall Street Stock Traders (2013)

  • Order:
  • Duration: 55:32
  • Updated: 21 Aug 2013
  • views: 29079
videos
High-frequency trading (HFT) is the use of sophisticated technological tools and computer algorithms to rapidly trade securities. HFT uses proprietary trading strategies carried out by computers to move in and out of positions in seconds or fractions of a second. Firms focused on HFT rely on advanced computer systems, the processing speed of their trades and their access to the market. Many high-frequency traders provide liquidity and price discovery to the markets through market-making and arbitrage trading; and high-frequency traders also take liquidity to manage risk or lock in profits. As of 2009, studies suggested HFT firms accounted for 60-73% of all US equity trading volume, with that number falling to approximately 50% in 2012. High-frequency traders move in and out of short-term positions aiming to capture sometimes just a fraction of a cent in profit on every trade. HFT firms do not employ significant leverage, accumulate positions or hold their portfolios overnight;[8] they typically compete against other HFTs, rather than long-term investors. As a result, HFT has a potential Sharpe ratio (a measure of risk and reward) thousands of times higher than traditional buy-and-hold strategies. HFT may cause new types of serious risks to the financial system. Algorithmic and HFT were both found to have contributed to volatility in the May 6, 2010 Flash Crash, when high-frequency liquidity providers rapidly withdrew from the market. Several European countries have proposed curtailing or banning HFT due to concerns about volatility. Other complaints against HFT include the argument that some HFT firms scrape profits from investors when index funds rebalance their portfolios. Most retirement savings, such as private pension funds or 401(k) and individual retirement accounts in the US, are invested in mutual funds, the most popular of which are index funds which must periodically "rebalance" or adjust their portfolio to match the new prices and market capitalization of the underlying securities in the stock or other index that they track.[26][27] This allows algorithmic traders (80% of the trades of whom involve the top 20% most popular securities[26]) to anticipate and trade ahead of stock price movements caused by mutual fund rebalancing, making a profit on advance knowledge of the large institutional block orders.[15][28] This results in profits transferred from investors to algorithmic traders, estimated to be at least 21 to 28 basis points annually for S&P 500 index funds, and at least 38 to 77 basis points per year for Russell 2000 funds.[16] John Montgomery of Bridgeway Capital Management says that the resulting "poor investor returns" from trading ahead of mutual funds is "the elephant in the room" that "shockingly, people are not talking about." The largest high-frequency trading firms in the US include names like Getco LLC, Knight Capital Group, Jump Trading, and Citadel LLC. Advanced computerized trading platforms and market gateways are becoming standard tools of most types of traders, including high-frequency traders. Broker-dealers now compete on routing order flow directly, in the fastest and most efficient manner, to the line handler where it undergoes a strict set of Risk Filters before hitting the execution venue(s). Ultra Low Latency Direct Market Access (ULLDMA) is a hot topic amongst Brokers and Technology vendors such as Goldman Sachs, Credit Suisse, and UBS. Typically, ULLDMA systems can currently handle high amounts of volume and boast round-trip order execution speeds (from hitting "transmit order" to receiving an acknowledgement) of 10 milliseconds or less. Such performance is achieved with the use of hardware acceleration or even full-hardware processing of incoming market data, in association with high-speed communication protocols, such as 10 Gigabit Ethernet or PCI Express. More specifically, some companies provide full-hardware appliances based on FPGA technology to obtain sub-microsecond end-to-end market data processing. http://en.wikipedia.org/wiki/High-frequency_trading
https://wn.com/The_Stock_Market_The_Economy_High_Frequency_Trading_And_Wall_Street_Stock_Traders_(2013)
Is high frequency trading good for financial markets?

Is high frequency trading good for financial markets?

  • Order:
  • Duration: 31:54
  • Updated: 14 Oct 2013
  • views: 9668
videos
In the October edition of our Big Question video series, Booth professors John Heaton, Tobias Moskowitz, and Eric Budish are joined by Stephen Brodsky of Spot Trading to discuss the effect of technology on financial markets.
https://wn.com/Is_High_Frequency_Trading_Good_For_Financial_Markets
High Frequency Trading - Robots vs Humans

High Frequency Trading - Robots vs Humans

  • Order:
  • Duration: 5:12
  • Updated: 09 May 2017
  • views: 10
videos
Most of us have never heard of high-frequency trading. Yet, many experts predict that the next financial crisis will be caused by this new practice, invented by Wall Street. Thousands of computers are interconnected, buying and selling thousands of market shares every micro-second, with no human control or regulation. We delve into a mad financing world dominated by machines, or rather, by elaborate algorithms carefully developed by mathematicians. The ultimate goal? To reach maximum profit within a few seconds. But sometimes, software breaks down and creates, what experts call a “flash crack,” an instantaneous market collapse. We investigate the job of speed traders and expose the often shocking methods they use to reach their goals. This is part of the acclaimed ’Cash Investigations - Underhand Tactics: Investigating Corporate Tactics’ series. Other episodes include ’Neuromarketing’, ‘Green’ marketing, ’Planned obsolescence’, ’Tax havens’, ’Sugar overload’, ’Toxic Labels’ and ’disease branding’. Like us on Facebook: https://www.facebook.com/JavaFilms/ Follow us on Twitter: https://twitter.com/java_films
https://wn.com/High_Frequency_Trading_Robots_Vs_Humans
Stock Market Insider Trading: High-Frequency Trading Transactions (2014)

Stock Market Insider Trading: High-Frequency Trading Transactions (2014)

  • Order:
  • Duration: 2:46:06
  • Updated: 02 Mar 2015
  • views: 2507
videos
High-frequency trading (HFT) is a primary form of algorithmic trading in finance. Specifically, it is the use of sophisticated technological tools and computer algorithms to rapidly trade securities. HFT uses proprietary trading strategies carried out by computers to move in and out of positions in seconds or fractions of a second. It is estimated that as of 2009, HFT accounted for 60-73% of all US equity trading volume, with that number falling to approximately 50% in 2012. High-frequency traders move in and out of short-term positions at high volumes aiming to capture sometimes a fraction of a cent in profit on every trade. HFT firms do not consume significant amounts of capital, accumulate positions or hold their portfolios overnight. As a result, HFT has a potential Sharpe ratio (a measure of risk and reward) tens of times higher than traditional buy-and-hold strategies. High-frequency traders typically compete against other HFTs, rather than long-term investors. HFT firms make up the low margins with incredibly high volumes of trades, frequently numbering in the millions. It has been argued that a core incentive in much of the technological development behind high-frequency trading is essentially front running, in which the varying delays in the propagation of orders is taken advantage of by those who have earlier access to information. A substantial body of research argues that HFT and electronic trading pose new types of challenges to the financial system.[2][13] Algorithmic and high-frequency traders were both found to have contributed to volatility in the May 6, 2010 Flash Crash, when high-frequency liquidity providers rapidly withdrew from the market.[2][10][13][14][15] Several European countries have proposed curtailing or banning HFT due to concerns about volatility.[16] Other complaints against HFT include the argument that some HFT firms scrape profits from investors when index funds rebalance their portfolios. On September 24, 2013, it was revealed that some traders are under investigation for possible news leak and insider trading. Right after the Federal Reserve announced its newest decision, trades were registered in the Chicago futures market within two milliseconds. However, the news was released to the public in Washington D.C. at exactly 2:00 pm calibrated by atomic clock,[85] and takes seven milliseconds to reach Chicago at the speed of light.[86] Contrary to claims by high-frequency trader Virtu Financial,[87] anything faster is not physically possible. It was concluded the high-speed traders in question had to receive the news under embargo from proprietary feed servers in Chicago that were pre-loaded with the Fed's announcement. Advanced computerized trading platforms and market gateways are becoming standard tools of most types of traders, including high-frequency traders. Broker-dealers now compete on routing order flow directly, in the fastest and most efficient manner, to the line handler where it undergoes a strict set of risk filters before hitting the execution venue(s). Ultra-low latency direct market access (ULLDMA) is a hot topic amongst brokers and technology vendors such as Goldman Sachs, Credit Suisse, and UBS. Typically, ULLDMA systems can currently handle high amounts of volume and boast round-trip order execution speeds (from hitting "transmit order" to receiving an acknowledgment) of 10 milliseconds or less. Such performance is achieved with the use of hardware acceleration or even full-hardware processing of incoming market data, in association with high-speed communication protocols, such as 10 Gigabit Ethernet or PCI Express. More specifically, some companies provide full-hardware appliances based on FPGA technology to obtain sub-microsecond end-to-end market data processing. Buy side traders made efforts to curb predatory HFT strategies. Brad Katsuyama, co-founder of the IEX, led a team that implemented THOR, a securities order-management system that splits large orders into smaller sub-orders that arrive at the same time to all the exchanges through the use of intentional delays. This largely prevents information leakage in the propagation of orders that high-speed traders can take advantage of. http://en.wikipedia.org/wiki/High-frequency_trading
https://wn.com/Stock_Market_Insider_Trading_High_Frequency_Trading_Transactions_(2014)
Joe Saluzzi on High-Frequency Trading: The Equity Market Is Now Controlled By The Machines

Joe Saluzzi on High-Frequency Trading: The Equity Market Is Now Controlled By The Machines

  • Order:
  • Duration: 45:28
  • Updated: 04 Nov 2011
  • views: 1462
videos
Joe Saluzzi, co-founder of Themis Trading LLC and outspoken exchange expert, is concerned with how high-frequency trading has brought the capital markets into uncharted - and dangerous - territory. "Things have changed," he cautions. With 50-70% of all trades being conducted by algorithms at micro-second time intervals, real human traders are increasingly challenged to understand how our markets actually work. "No longer do the technical patterns - that have lasted for years and years, and are written about all over - work anymore." In the following interview, Joe and Chris plunge into "dark pools" and other poorly-understood elements of our now-machine-dominated financial exchanges. The current system is fraught with risks of further "flash crash"-like disruptions, and at a fundmental level, feels a lot like sanctioned theft by the deep-pocketed institutions who can outspend on technology and speed. This is an important interview for anyone involved in trading (professionally or personally), as well as investors who want to know how today's markets truly operate. This podcast was originally posted on chrismartenson.com on February 4, 2011
https://wn.com/Joe_Saluzzi_On_High_Frequency_Trading_The_Equity_Market_Is_Now_Controlled_By_The_Machines
ADIT CME OrderRouter - Sending orders in less than 30 microseconds

ADIT CME OrderRouter - Sending orders in less than 30 microseconds

  • Order:
  • Duration: 0:30
  • Updated: 09 Jun 2011
  • views: 86
videos
This video shows latency of receiving a fill message from CME Group, and sending an order out. The complete round trip within the machine is 49 microseconds. 49 microseconds includes processing a fill message, strategy sending the new order, ADIT Order router sending the new message out.
https://wn.com/Adit_Cme_Orderrouter_Sending_Orders_In_Less_Than_30_Microseconds
Is High Frequency Trading Bad / Legal / Insider Trading / Front Running? U.S. Finance (2014)

Is High Frequency Trading Bad / Legal / Insider Trading / Front Running? U.S. Finance (2014)

  • Order:
  • Duration: 1:03:36
  • Updated: 30 May 2015
  • views: 648
videos
Various studies have reported that high-frequency reduces volatility and does not pose a systemic risk, and lowers transaction costs for retail investors, without impacting long term investors. However, high-frequency trading has been the subject of intense public focus and debate since the May 6, 2010 Flash Crash. At least one Nobel Prize winning economist, Michael Spence, believes that HFT should be banned. In their joint report on the 2010 Flash Crash, the Securities Exchange Commission and the Commodity Futures Trading Commission stated that "market makers and other liquidity providers widened their quote spreads, others reduced offered liquidity, and a significant number withdrew completely from the markets" during the flash crash. Politicians, regulators, scholars, journalists and market participants have all raised concerns on both sides of the Atlantic. and this has led to discussion of whether high-frequency market makers should be subject to various kinds of regulations. In September 22, 2010 speech, SEC chairperson Mary Schapiro signaled that US authorities were considering the introduction of regulations targeted at HFT. She said, "...high frequency trading firms have a tremendous capacity to affect the stability and integrity of the equity markets. Currently, however, high frequency trading firms are subject to very little in the way of obligations either to protect that stability by promoting reasonable price continuity in tough times, or to refrain from exacerbating price volatility." She proposed regulation that would require high-frequency traders to stay active in volatile markets. The Chicago Federal Reserve letter of October 2012, titled "How to keep markets safe in an era of high-speed trading," reports on the results of a survey of several dozen financial industry professionals including traders, brokers, and exchanges. It found that risk controls were poorer in high-frequency trading, because of competitive time pressure to execute trades without the more extensive safety checks normally used in slower trades. "some firms do not have stringent processes for the development, testing, and deployment of code used in their trading algorithms." "out-of control algorithms were more common than anticipated prior to the study and that there were no clear patterns as to their cause. Two of the four clearing BDs/FCMs, two-thirds of proprietary trading firms, and every exchange interviewed had experienced one or more errant algorithms." The letter recommended new controls on high-frequency trading, including: Limits on the number of orders that can be sent to an exchange within a specified period of time A "kill switch" that could stop trading at one or more levels Intraday position limits that set the maximum position a firm can take during one day Profit-and-loss limits that restrict the dollar value that can be lost. Advanced computerized trading platforms and market gateways are becoming standard tools of most types of traders, including high-frequency traders. Broker-dealers now compete on routing order flow directly, in the fastest and most efficient manner, to the line handler where it undergoes a strict set of Risk Filters before hitting the execution venue(s). Ultra-low latency direct market access (ULLDMA) is a hot topic amongst Brokers and Technology vendors such as Goldman Sachs, Credit Suisse, and UBS. Typically, ULLDMA systems can currently handle high amounts of volume and boast round-trip order execution speeds (from hitting "transmit order" to receiving an acknowledgment) of 10 milliseconds or less. Such performance is achieved with the use of hardware acceleration or even full-hardware processing of incoming market data, in association with high-speed communication protocols, such as 10 Gigabit Ethernet or PCI Express. More specifically, some companies provide full-hardware appliances based on FPGA technology to obtain sub-microsecond end-to-end market data processing. http://en.wikipedia.org/wiki/High-frequency_trading
https://wn.com/Is_High_Frequency_Trading_Bad_Legal_Insider_Trading_Front_Running_U.S._Finance_(2014)
Responding in a timely manner - Microseconds in HTF or milliseconds in web apps, it is all the same

Responding in a timely manner - Microseconds in HTF or milliseconds in web apps, it is all the same

  • Order:
  • Duration: 52:06
  • Updated: 04 Jan 2016
  • views: 46
videos
Timing is everything. If a system does not respond in a timely manner then: at best, its value is greatly diminished; and at worst, it is effectively unavailable. Reactive systems need to meet predictable response time guarantees regardless of load or datasets size, even in the presence of burst traffic and partial failure conditions.In this talk we will explore what is means to be responsive and the fundamental design patterns required to meet predictable response time guarantees. Queueing theory, Little’s Law, Amdahl’s Law, Universal Scalability theory – we’ll cover the good bits. Then we’ll explore algorithms that work with these laws to deliver timely responses from our applications no matter what gets thrown at them. Author: Martin Thompson Martin is a high-performance and low-latency specialist, with experience gained over two decades working with large scale transactional and big-data domains, including automotive, gaming, financial, mobile, and content management. He believes Mechanical Sympathy - applying an understanding of the hardware to the creation of software - is fundamental to delivering elegant, high-performance, solutions. Martin was the co-founder and CTO of LMAX, until he left to specialise in helping other people achieve great performance with their software. The Disruptor concurrent programming framework is just one example of what his mechanical sympathy has created.
https://wn.com/Responding_In_A_Timely_Manner_Microseconds_In_Htf_Or_Milliseconds_In_Web_Apps,_It_Is_All_The_Same
ICR240: Irene Aldridge, Flash Crashes & High Frequency Trading

ICR240: Irene Aldridge, Flash Crashes & High Frequency Trading

  • Order:
  • Duration: 44:53
  • Updated: 12 Jul 2017
  • views: 7
videos
ello and welcome to Informed Choice Radio. My guest for this episode is Irene Aldridge, author of the new book Real-Time Risk: What Investors Should Know About Fintech, High-Frequency Trading, and Flash Crashes. Irene is managing director and quantitative portfolio manager at ABLE Alpha Trading and president of ABLE Markets. She's a frequent speaker at top industry events and a contributor to academic, practitioner, and mainstream media publications, including the Journal of Trading, Futures magazine, Reuters HedgeWorld, Advanced Trading, FX Week, Dealing With Technology, and Huffington Post. Real-Time Risk is the first book to show regular, institutional, and quantitative investors how to navigate intraday threats and stay on-course. The FinTech revolution has brought massive changes to the way investing is done. Trading happens in microsecond time frames, and while risks are emerging faster and in greater volume than ever before, traditional risk management approaches are too slow to be relevant. The book describes market microstructure and modern risks, and presents a new way of thinking about risk management in today's high-speed world. The discussion dissects FinTech innovation to highlight the ongoing disruption, and to establish a toolkit of approaches for analyzing flash crashes, aggressive high frequency trading, and other specific aspects of the market. Please take a moment to say thank you to Irene on Twitter, and let her know you heard her right here on Informed Choice Radio. You can find Irene on Twitter @irenealdridge. Mention me too, @martinbamford. You can find the show notes for this episode at icradio.co.uk/flashcrash. There's useful links and you can also download the full episode transcript. That's all at icradio.co.uk/flashcrash. Here's my conversation with Irene Aldridge, in episode 240 of Informed Choice Radio.
https://wn.com/Icr240_Irene_Aldridge,_Flash_Crashes_High_Frequency_Trading
Cracking down on market abuse: can high frequency traders be reined in? | European CEO Videos

Cracking down on market abuse: can high frequency traders be reined in? | European CEO Videos

  • Order:
  • Duration: 1:35
  • Updated: 26 Sep 2014
  • views: 2927
videos
European CEO speaks to Richard Metcalfe, Director of Regulatory Affairs at the Investment Management Association in London, to find out how new MiFID rules will deter market abuse, and whether governments are levelling enough criminal charges against high frequency traders. In recent years, high frequency trading has perturbed and disturbed the finance world. Those profiting from such practices are rarely known by name, but their impact is felt with every microsecond trade they make. European CEO speaks to Richard Metcalfe, Director of Regulatory Affairs at the Investment Management Association in London, to find out whether the Wild West of HFT can ever be reined in. For a full transcript visit: http://www.europeanceo.com/videos/2014/09/cracking-down-on-market-abuse-can-high-frequency-traders-be-reined-in-video For more interviews from European CEO go to http://www.europeanceo.com/videos/
https://wn.com/Cracking_Down_On_Market_Abuse_Can_High_Frequency_Traders_Be_Reined_In_|_European_Ceo_Videos
Public Feed Speed-bump vs Direct Feeds in Nasdaq Stocks

Public Feed Speed-bump vs Direct Feeds in Nasdaq Stocks

  • Order:
  • Duration: 0:51
  • Updated: 07 Jun 2016
  • views: 596
videos
Each frame shows one day: the average Public Feed quote delay in microseconds from each reporting exchange during each second between 9:30 and 9:45 in Nasdaq listed stocks (Tape C). We compute the delay for each quote by subtracting the Direct Feed timestamp from the SIP timestamp. Spikes indicate system overload which comes from 2 sources: 1) exchange transmission to the SIP (which is located in Carteret, N.J.) and/or 2) SIP processing delays. There should be very few spikes (yet they are everywhere). If all exchanges show a spike during the same second, the delay was likely caused by slow SIP processing (overload). However, if just one or a few exchanges show a spike for a given second, but the other exchanges do not, then the delay is likely because those exchanges had trouble delivering stock quotes in a timely matter to the SIP (a violation of Reg NMS Rule 611) You may have noticed that delays from the 9 exchanges cluster into 3 groups. This is due to the location of the exchange and how fast light (info) can travel between the exchange and the Tape C SIP. The Tape C SIP is in Carteret N.J. The 2 exchanges with the highest minimal delay (clocking in around 900 microseconds), are NY-ARCA and NY-MKT, which are both located in Mahwah, which is the furthest location from the SIP. It takes light about ~500 microseconds to go between Mahwah and Carteret. The next 4 exchanges with minimal delays around ~500 microseconds are the 4 BATS exchanges: all located in Secaucus, NJ, which is about halfway between Mahwah and Carteret. It takes light about ~300 microseconds to go between Secaucus and Carteret. The last 3 exchanges are all located in Carteret - in the same facility as the SIP. Here, we expect the minimal delay to come very close to zero, yet we find a persistent ~300 microsecond delay!
https://wn.com/Public_Feed_Speed_Bump_Vs_Direct_Feeds_In_Nasdaq_Stocks
Flash Boys The Animation

Flash Boys The Animation

  • Order:
  • Duration: 2:04
  • Updated: 21 Aug 2015
  • views: 12908
videos
Each frame is 1 millionth of a second of time (microsecond). Animation of how HFT front runs orders at the speed of light. This video shows 277 millionths of a second of time. See also: Perfect Pilfering, A detailed data-centric exposé on how the market is rigged http://www.nanex.net/aqck2/4661.html
https://wn.com/Flash_Boys_The_Animation
Executes trades in microseconds

Executes trades in microseconds

  • Order:
  • Duration: 0:25
  • Updated: 13 Jan 2017
  • views: 26
videos
Executes 500 symbols in one second from frontend
https://wn.com/Executes_Trades_In_Microseconds
Execute trades in microseconds

Execute trades in microseconds

  • Order:
  • Duration: 0:33
  • Updated: 13 Jan 2017
  • views: 55
videos
Buy and sell 500 symbols in 2 seconds
https://wn.com/Execute_Trades_In_Microseconds
SmartTick executes trades in microseconds

SmartTick executes trades in microseconds

  • Order:
  • Duration: 0:17
  • Updated: 12 Jan 2017
  • views: 36
videos
Buy and sell execute S&P 500 symbols in less than 2 seconds
https://wn.com/Smarttick_Executes_Trades_In_Microseconds
IBM Power Systems and Algo-Logic: Accelerating the speed of big data

IBM Power Systems and Algo-Logic: Accelerating the speed of big data

  • Order:
  • Duration: 1:38
  • Updated: 18 Aug 2015
  • views: 815
videos
Market traders need waitless insights. But real-time data demands real-time processing. With its Full Order Book and CAPI accelerator, Algo-Logic injects vast amounts of stock market data directly into memory for microsecond trading analytics. And it’s doing it with POWER8, the processor optimized for big data and analytics. Learn more at www.ibm.com/power
https://wn.com/Ibm_Power_Systems_And_Algo_Logic_Accelerating_The_Speed_Of_Big_Data
NYSE Speed Bump Gets Thumbs Up from SEC

NYSE Speed Bump Gets Thumbs Up from SEC

  • Order:
  • Duration: 1:07
  • Updated: 17 May 2017
  • views: 119
videos
05/17/17 The SEC approved the introduction of a 'speed bump' on all trades on NYSE MKT. The electronic exchange (NYSE MKT) will be renamed NYSE American and bring a 350-microsecond delay for trading of the Big Board's sister exchange.
https://wn.com/Nyse_Speed_Bump_Gets_Thumbs_Up_From_Sec