A Quote by Brad Katsuyama

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 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.
High-frequency traders are firms all around the world. They're massive investments.
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.
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.
It's not a bad thing for independent traders to come into a high street to mix things up, but what shouldn't happen is that the traders who were there before are priced out.
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.
I have a very high frequency of anger, and a very high frequency of sadness.
...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.
Historical records show that Abenakis and other Natives encountered European explorers and traders in Canada looking for sources of ivory to compete with the Russian trade in Siberian fossil mammoth ivory - these traders routinely asked about ivory 'horns' and teeth.
One market paradigm that I take exception to is: Buy low and sell high. I believe far more money is made by buying high and selling at even higher prices.
I don't believe Trump or Cruz are fair traders. I think they are probably both free traders.
Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
First of all, most traders don't have a winning strategy. Second, even among those traders who do, many don't follow their strategy. Trading puts pressure on weaker human traits and seems to seek out each individual's Achilles' heel.
Once the high priests and the traders took over, we were lost as a species.
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.
There are old traders and there are bold traders, but there are very few old, bold traders.
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