A Quote by Eric Schneiderman
We can prevent unfair advantage, and we can avoid the destabilizing effect that high frequency trading can have.
Related Quotes
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.
I've always viewed high-frequency trading as a tax on the rest of us.
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.
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.
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.
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.
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.
Blockading squadrons are a means whereby nations seek to prevent their enemies from trading; protective tariffs are a means whereby nations attempt to prevent their own people from trading. What protectionism teaches us, is to do to ourselves in time of peace what enemies seek to do to us in time of war.
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.
I have a very high frequency of anger, and a very high frequency of sadness.
The development of weapons of mass destruction and the missiles to carry them would be a very destabilizing effect, should Iran be able to accomplish that.
We are not only talking about waves of refugees coming to Greece, to Italy, and elsewhere. Destabilizing the Balkans means Lebanonization, and that means destabilizing all of Europe.
...I do like the low frequencies. It's from years and years of observing audiences when they hear a lower frequency coming from an instrument it tends to pull them in. You have to listen a little more attentively. High frequency instruments hit you so hard, after a while the ear has a tendency to want to shut down. And that's what happens. I've been able to observe very carefully how people tend to get very tired of listening to high frequencies a lot.
If an athlete takes a shortcut - literally, for example, by running a street that shortens the marathon route by a quarter mile - he or she doesn't have an insurmountable advantage. But it's an unfair advantage, and in a field of equally matched athletes, it's more than enough to make a difference.
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