Post by jeffolie on Jun 8, 2011 9:09:49 GMT -6
50+% silver/gold by High Frequency Trading computers
High Frequent Trading is now over half of the silver and gold trading volume
No human traders...they are too slow...HFT trades happen faster than you can form a cogent thought or even blink
About 80% of the trading is in places away from the New York Stock Exchange. The NYSE desparately tried to get back the trading by building a huge computer farm to sell space in that same building to High Frequency Trading firms because the close the HFT computers are to the NYSE computer then nano seconds of seconds are saved giving those HFT trading computers a time advantage over HFT trading computers that are located farther away...time in nanoseconds give some HFT trading computers billions of Dollars in advantages.
Yesterday in this space, I 'stole' three paragraphs about High Frequency Trading [HFT] from silver analyst Ted Butler's weekend commentary to his subscribers. www.caseyresearch.com/gsd/home
He had another short commentary yesterday...and I've ripped this absolute must watch/listen video from it. Ted has already wordsmithed this...so why should I? His commentary is headlined "More on HFT"... www.caseyresearch.com/gsd/home
Coincident with my rant in the weekly review on High Frequency Trading (HFT), the CBS show “60 Minutes” featured a segment on this issue the next day. It was very well-done, presenting both the pro and con sides of the merits of the high speed mechanical trading system that has come to dominate our financial and commodity markets. It features an HFT trader, a former US senator, a NYSE official and the chairman of the SEC. This segment focuses on the stock market, but the firms involved and the computer hardware and software are the same being used in COMEX silver. It runs about 13 minutes [including 2 commercials] and a written version is also available. I suggest you watch it...and the link is here.
The video of the 60 Minutes segment about High Frequency Trading
www.cbsnews.com/video/watch/?id=7368460n&tag=related;photovideo
The print, text, transcript of the 60 Minutes segment about High Frequency Trading
www.cbsnews.com/stories/2011/05/27/60minutes/main20066899.shtml?tag=currentVideoInfo;segmentTitle
High Frequent Trading is now over half of the silver and gold trading volume
No human traders...they are too slow...HFT trades happen faster than you can form a cogent thought or even blink
About 80% of the trading is in places away from the New York Stock Exchange. The NYSE desparately tried to get back the trading by building a huge computer farm to sell space in that same building to High Frequency Trading firms because the close the HFT computers are to the NYSE computer then nano seconds of seconds are saved giving those HFT trading computers a time advantage over HFT trading computers that are located farther away...time in nanoseconds give some HFT trading computers billions of Dollars in advantages.
Yesterday in this space, I 'stole' three paragraphs about High Frequency Trading [HFT] from silver analyst Ted Butler's weekend commentary to his subscribers. www.caseyresearch.com/gsd/home
He had another short commentary yesterday...and I've ripped this absolute must watch/listen video from it. Ted has already wordsmithed this...so why should I? His commentary is headlined "More on HFT"... www.caseyresearch.com/gsd/home
Coincident with my rant in the weekly review on High Frequency Trading (HFT), the CBS show “60 Minutes” featured a segment on this issue the next day. It was very well-done, presenting both the pro and con sides of the merits of the high speed mechanical trading system that has come to dominate our financial and commodity markets. It features an HFT trader, a former US senator, a NYSE official and the chairman of the SEC. This segment focuses on the stock market, but the firms involved and the computer hardware and software are the same being used in COMEX silver. It runs about 13 minutes [including 2 commercials] and a written version is also available. I suggest you watch it...and the link is here.
The video of the 60 Minutes segment about High Frequency Trading
www.cbsnews.com/video/watch/?id=7368460n&tag=related;photovideo
The print, text, transcript of the 60 Minutes segment about High Frequency Trading
www.cbsnews.com/stories/2011/05/27/60minutes/main20066899.shtml?tag=currentVideoInfo;segmentTitle