A Quote by Brad Katsuyama
When we had the 'flash crash' in 2010, where the price of some stocks briefly fell to zero, high-frequency trading played a big role in that event.
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Creating a Financial Transactions Tax would go a long way to curbing short-term speculative trading, including high-frequency trading.
When the last history of high-frequency trading is written, Hunsader, like Joe Saluzzi and Sal Arnuk of Themis Trading, deserves a prominent place in it.
I have very little respect for the integrity of the trading on the exchange in most stocks. And I have particular disdain for the fact that the SEC has failed to deal with high-frequency traders who are doing nothing more than taking advantage of inside information, a buy or a sell order, because of technology advantages.
In a flash order transaction, buy or sell orders are shown to a collection of high-frequency traders for just 30 milliseconds before they are routed to everyone else. They are widely considered to give the few investors with access to the technology an unfair advantage, even by some of the marketplaces that offer the flash orders for a fee.
The idea that big buyside firms are going to come in and trade mano-a-mano with high-frequency trading firms shows a lack of knowledge of the business.
I've always viewed high-frequency trading as a tax on the rest of us.
We can prevent unfair advantage, and we can avoid the destabilizing effect that high frequency trading can have.
I buy stocks when they are battered. I am strict with my discipline. I always buy stocks with low price-earnings ratios, low price-to-book value ratios and higher-than-average yield. Academic studies have shown that a strategy of buying out-of-favor stocks with low P/E, price-to-book and price-to-cash flow ratios outperforms the market pretty consistently over long periods of time.
Generally, a rally will have staying power, technicians say, if, in addition to price movements, it has heavy trading volume and breadth, meaning that several stocks rise for each stock that falls.
Speculation in oil stock companies was another great evil ... From the first, oil men had to contend with wild fluctuations in the price of oil. ... Such fluctuations were the natural element of the speculator, and he came early, buying in quantities and holding in storage tanks for higher prices. If enough oil was held, or if the production fell off, up went the price, only to be knocked down by the throwing of great quantities of stocks on the market.
No one's played on the moon yet. No one's played in zero gravity. Some bands have played at the Pyramids of Giza, but we'd very much like to do that in the near future.
I had a jazz trio, a rock n' roll band, and I played drums in junior high, high school, college, big bands, and I played timpani in the symphony. I am a drummer. It's the one instrument I actually play pretty well. It's just hard to carry on your back.
A car crash harnesses elements of eroticism, aggression, desire, speed, drama, kinesthetic factors, the stylizing of motion, consumer goods, status - all these in one event. I myself see the car crash as a tremendous sexual event really: a liberation of human and machine libido (if there is such a thing).
Traditionally, companies have made major announcements before or after the close of trading so that all interested investors and analysts are apprised of the news before trading resumes in their stocks.
I felt most beautiful on the red carpet in Givenchys sheer lace dress at a dinner hosted by Givenchy in honor of Marina Abramovich at the closing of her Museum of Modern Art retrospective, The Artist is Present, in 2010. It was the first time I had been dressed for an event, and everybody just fell in love with the dress.
I felt most beautiful on the red carpet in Givenchy's sheer lace dress at a dinner hosted by Givenchy in honor of Marina Abramovich at the closing of her Museum of Modern Art retrospective, 'The Artist is Present', in 2010. It was the first time I had been dressed for an event, and everybody just fell in love with the dress.
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