Comments on: My Take On Wall Street’s High Frequency Traders http://www.timothysykes.com/2009/08/my-take-on-wall-streets-high-frequency-traders/ How To Trade Penny Stocks Without The Stock Promoter BS Thu, 09 Feb 2012 06:11:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jha Khosla http://www.timothysykes.com/2009/08/my-take-on-wall-streets-high-frequency-traders/comment-page-1/#comment-42238 Jha Khosla Sat, 15 Aug 2009 19:08:49 +0000 http://test.timothysykes.com/?p=6251#comment-42238 Fast computers owned by hedge funds and banks like Goldman Sachs use limit orders to probe the stock market, discovering the maximum price at which ordinary traders and investors (like you or me) will buy or the minimum price at which they will sell. These orders are then canceled in a matter of milliseconds, costing the banks nothing. With this information, the computers gain an unfair advantage, able to skim cents off every market trade whether it is from you, your mutual fund, or another large bank.<br> <br>This is more than just using powerful computers to examine technical market factors, trend history or company fundamentals. It is more than just using fast computers to gain speed in trade execution. These advantages I've just listed are fair practices and encourage innovation. What we are talking about here is the equivalent of knowing a seller's reserve price on eBay before the bidding has even started. This is the equivalent of a car salesperson knowing the highest price a buyer will pay before they even step onto the lot. Does that seem fair? Read the quotations below: Fast computers owned by hedge funds and banks like Goldman Sachs use limit orders to probe the stock market, discovering the maximum price at which ordinary traders and investors (like you or me) will buy or the minimum price at which they will sell. These orders are then canceled in a matter of milliseconds, costing the banks nothing. With this information, the computers gain an unfair advantage, able to skim cents off every market trade whether it is from you, your mutual fund, or another large bank.

This is more than just using powerful computers to examine technical market factors, trend history or company fundamentals. It is more than just using fast computers to gain speed in trade execution. These advantages I've just listed are fair practices and encourage innovation. What we are talking about here is the equivalent of knowing a seller's reserve price on eBay before the bidding has even started. This is the equivalent of a car salesperson knowing the highest price a buyer will pay before they even step onto the lot. Does that seem fair? Read the quotations below:

]]> By: Jha Khosla http://www.timothysykes.com/2009/08/my-take-on-wall-streets-high-frequency-traders/comment-page-1/#comment-85871 Jha Khosla Sat, 15 Aug 2009 19:08:49 +0000 http://test.timothysykes.com/?p=6251#comment-85871 Fast computers owned by hedge funds and banks like Goldman Sachs use limit orders to probe the stock market, discovering the maximum price at which ordinary traders and investors (like you or me) will buy or the minimum price at which they will sell. These orders are then canceled in a matter of milliseconds, costing the banks nothing. With this information, the computers gain an unfair advantage, able to skim cents off every market trade whether it is from you, your mutual fund, or another large bank.<br> <br>This is more than just using powerful computers to examine technical market factors, trend history or company fundamentals. It is more than just using fast computers to gain speed in trade execution. These advantages I've just listed are fair practices and encourage innovation. What we are talking about here is the equivalent of knowing a seller's reserve price on eBay before the bidding has even started. This is the equivalent of a car salesperson knowing the highest price a buyer will pay before they even step onto the lot. Does that seem fair? Read the quotations below: Fast computers owned by hedge funds and banks like Goldman Sachs use limit orders to probe the stock market, discovering the maximum price at which ordinary traders and investors (like you or me) will buy or the minimum price at which they will sell. These orders are then canceled in a matter of milliseconds, costing the banks nothing. With this information, the computers gain an unfair advantage, able to skim cents off every market trade whether it is from you, your mutual fund, or another large bank.

This is more than just using powerful computers to examine technical market factors, trend history or company fundamentals. It is more than just using fast computers to gain speed in trade execution. These advantages I've just listed are fair practices and encourage innovation. What we are talking about here is the equivalent of knowing a seller's reserve price on eBay before the bidding has even started. This is the equivalent of a car salesperson knowing the highest price a buyer will pay before they even step onto the lot. Does that seem fair? Read the quotations below:

]]> By: Jha Khosla http://www.timothysykes.com/2009/08/my-take-on-wall-streets-high-frequency-traders/comment-page-1/#comment-154584 Jha Khosla Sat, 15 Aug 2009 18:08:00 +0000 http://test.timothysykes.com/?p=6251#comment-154584 Fast computers owned by hedge funds and banks like Goldman Sachs use limit orders to probe the stock market, discovering the maximum price at which ordinary traders and investors (like you or me) will buy or the minimum price at which they will sell. These orders are then canceled in a matter of milliseconds, costing the banks nothing. With this information, the computers gain an unfair advantage, able to skim cents off every market trade whether it is from you, your mutual fund, or another large bank. This is more than just using powerful computers to examine technical market factors, trend history or company fundamentals. It is more than just using fast computers to gain speed in trade execution. These advantages I've just listed are fair practices and encourage innovation. What we are talking about here is the equivalent of knowing a seller's reserve price on eBay before the bidding has even started. This is the equivalent of a car salesperson knowing the highest price a buyer will pay before they even step onto the lot. Does that seem fair? Read the quotations below: Fast computers owned by hedge funds and banks like Goldman Sachs use limit orders to probe the stock market, discovering the maximum price at which ordinary traders and investors (like you or me) will buy or the minimum price at which they will sell. These orders are then canceled in a matter of milliseconds, costing the banks nothing. With this information, the computers gain an unfair advantage, able to skim cents off every market trade whether it is from you, your mutual fund, or another large bank.

This is more than just using powerful computers to examine technical market factors, trend history or company fundamentals. It is more than just using fast computers to gain speed in trade execution. These advantages I’ve just listed are fair practices and encourage innovation. What we are talking about here is the equivalent of knowing a seller’s reserve price on eBay before the bidding has even started. This is the equivalent of a car salesperson knowing the highest price a buyer will pay before they even step onto the lot. Does that seem fair? Read the quotations below:

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