A Quote by Charles Duhigg

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.

Charles Duhigg

Quote Topics

Access Advantage Before Buy Collection Considered Else Even Everyone Everyone Else Fee Few Flash Frequency Give High Investors Just Offer Order Orders Sell Shown Some Technology Traders Transaction Unfair Unfair Advantage Widely

Quote Author

Charles Duhigg
American - Journalist
Born: 1974

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.

Steve Wynn

While markets are supposed to ensure transparency by showing orders to everyone simultaneously, flash orders are currently allowed because of a loophole in securities regulations that allows for immediate trades.

Charles Duhigg

We built a market at IEX that does not sell certain types of technology advantages to high-frequency traders, and as a result, the high-frequency traders that didn't rely on buying those advantages trade on IEX.

Brad Katsuyama

Corporations are totalitarian institutions. Board of directors at the top of managers give orders, everyone follows orders..... At the very bottom of command, if you are lucky you can rent yourself to it and get a job , and if you are sufficiently propagandized you may even buy some of the junk they produce and so on.

Noam Chomsky

How can you allow the trading companies to locate computers closer to exchanges and flash millions of bids to give an unfair advantage? Even professionals are losing faith in some aspects of the system.

Mario

How can you allow the trading companies to locate computers closer to exchanges and flash millions of bids to give an unfair advantage?... Even professionals are losing faith in some aspects of the system.

Mario Gabelli

On the New York Stock Exchange, all buy and sell orders are routed through a single 'specialist,' guaranteeing that most small trades can be matched directly. But most larger trades are delivered to the specialist on the floor of the exchange by human brokers, a system that big investors view as increasingly inefficient.

Alex Berenson

Give as few orders as possible," his father had told him once long ago. "Once you've given orders on a subject, you must always give orders on that subject.

Frank Herbert

What are we even doing out here?" Burnett asked, seemingly getting more frustrated the longer he considered things. "The orders were to wait until tomorrow. Why do I give orders around here if no one listens to them?

C.C. Hunter

Give me lust, baby. Flash. Give me malice. Flash. Give me detached existentialist ennui. Flash. Give me rampant intellectualism as a coping mechanism. Flash.

Chuck Palahniuk

Stock exchanges say that more than half of all trades are now executed by just a handful of high-frequency traders, who use rapid-fire computers to essentially force slower investors to give up profits, then disappear before anyone knows what happened.

Charles Duhigg

In the past, NASDAQ has defended flash orders.

Charles Duhigg

Flash is about freedom; Flash is about expression. Flash is about just the joy of exuberant running and of freedom, and the moment you weight him down with too much Batman-like baggage... that's not the Flash anymore.

Mark Waid

High-frequency traders are firms all around the world. They're massive investments. And there is an incredible race for speed now. People are paying hundreds of millions of dollars to shave milliseconds off.

Eric Schneiderman

I've never really been that into cars. Maybe I just thought that's what pop stars do. They buy flash cars. I was just playing it up a bit, being flash.