she's off the planet .... get rid of the broad and the algo's or make them pay the same fee's as i do as a small trader then will see if them make a profit , better still get the exchanges to do the job of looking after all traders and on the same playing field.
Saluzzi is another 'retail' investor who is losing his share simply cos he cannot compete with HFT'ers. This price discovery concept before the market is not correct. You gain access to certain pools of liquidity which you wont otherwise.
These pools' prices can be found only through certain techniques for which these super-computers are used.
But I do agree with the issue that the HFT desk can shut office on a bad-day i.e they dont hv an obligation to stay in the markets during bad weather.
The word is that GS has a supercomputer 'in the basement' (assigned for 'co-location services') that outperforms The Roadrunner of Los Alamos National Laboratory by several orders.
The question is not: Do we need to read the book of that lady to get knowing that everybody that is not co-located thereabout is Dead on Arrival from any point of view?
The question is not also: is it legal, is it moral, and is it investment at all?
The question is: Do they use 'precognition' in their own benefit.
I am full time trader for over 20 years , this aldridge woman is an idiot...and a complete liar and sounds like she has never traded. Sounds like a complete lobbyist for the HFT traders.!!!!!!!!
Notice that the pro HFT shill dodged the question, "Does HFT able access to the data before anyone else" three times by replying "it's illegal" even when the question was pointedly asked to her by the female anchor 4:42 - 4:50.
This was nothing but a 3 against 1 shoutdown of the person trying to defend HFT. This is why I don't watch CNBC anymore. What a joke. There's a debate to be had here. This was not it.
Yes he is mad because they are cutting margins of the services, suberb i guess this spells the end for the highly renumerated financial traders. Unless they simply bribe the government to implement regulations.
He is whining about a computer doing the trade faster than him, yes as he can make a trade faster than a small player.
Further he complains that make money doing nothing! well isn't that what all the traders do? they don't produce anything! Joe is just mad that the computer geeks are taking over his business. In 10 years his job will be gone, outsourced to a supercomputer and with the salary he is lifting i can't feel sorry for the guy.
Great stuff. I am always happy to see Joe's pieces.
What an interesting arrangement it is to put an undeniably attractive and bright person to debate Joe just to pull the discussion into the deceiving rut. Whoever thought of it partially succeeded.
Joe, however, is right. Everyone gets taxed by HFTs. HFTs don't provide any value, they are basically parasites milking the system. While it is not illegal, front-running through flash orders is.
After sub prime debt dumping crime we now have the next problem that is dishonestly stealing the poor mans money. Its called front trading. Used to be called insider trading when it was not done by computers. The poor man is having his future sucked dry by these vampires. It is not funny that the people who contribute the least to society get paid the most. Where in the name of god is all this going to end. The whole planet could go bust thanks to America and its shady banks.
Joe Saluzzi is taking up for mom and pop. JS is the only one ever to call this unethical. The market is manipulated. Joe S. should have his own show. What a great human being.
The chick for high volume trading wanted that way. She refused to answer the questions put to her. Then when she did give an answer, she lied on top of it all. That's where the yelling comes in. If someone lies right to your face & YOU KNOW for a FACT they are lying.... most people get pissed & start yelling or worse. Truth is, Goldman Sachs has been caught with a program that does exactly what Joe was saying they were doing. "Front Running"(manipulating) the market. Its all over YT. Max Keiser
that chick is a poor excuse for society as she is part of the MSM team.
At least Saluzzi is standing up for humanity, unlike this bitch whom is closed minded about government and corporate corruption from the tells that are so easy to read on her.
Flash orders are real for some ECNs but not the specialist so just use the specialist. Co-locating servers is something that mutual funds and hedge funds do too so yes they have a speed advantage over you but who cares, you shouldnt be day trading from home - you will lose.
You do get rebates for providing liquidity and theres nothing wrong with it and its not different than any other liquidity.
HFT is volume that everyone can take advantage of so get used to it.
Pump the brakes. The reason day trades will lose isn't because they can't compete on an even playing field. Mom & Pop traders can't compete because the market is being manipulated by people like Goldman Sachs with computer programs that front run the markets. This is a fact. No, not everybody in HFT is "front running". But, the systemic moral hazzard is there. Something should be done to even the access to markets out. There should be a "Speed Limit".
she's off the planet .... get rid of the broad and the algo's or make them pay the same fee's as i do as a small trader then will see if them make a profit , better still get the exchanges to do the job of looking after all traders and on the same playing field.
neboway 5 months ago
Saluzzi is another 'retail' investor who is losing his share simply cos he cannot compete with HFT'ers. This price discovery concept before the market is not correct. You gain access to certain pools of liquidity which you wont otherwise.
These pools' prices can be found only through certain techniques for which these super-computers are used.
But I do agree with the issue that the HFT desk can shut office on a bad-day i.e they dont hv an obligation to stay in the markets during bad weather.
arjunsndr 5 months ago
Comment removed
whichdegree4me 5 months ago
Quants rule, and cute ones with sexy European accents at that! :D
KoalaBearWarrior 5 months ago
This has been flagged as spam show
Great video - subscribe and friend for power packed videos...
DayTradersWin 9 months ago
The word is that GS has a supercomputer 'in the basement' (assigned for 'co-location services') that outperforms The Roadrunner of Los Alamos National Laboratory by several orders.
The question is not: Do we need to read the book of that lady to get knowing that everybody that is not co-located thereabout is Dead on Arrival from any point of view?
The question is not also: is it legal, is it moral, and is it investment at all?
The question is: Do they use 'precognition' in their own benefit.
U1T001 1 year ago
Guy knows what he is talking about. HFT is just another banking scam. That blonde bimbo knows nuts she not a trader everyday like Joe.
KLguy133 1 year ago
' Read my book '...are you kidding ?....you're an idiot!!
Nashster001 1 year ago
I am full time trader for over 20 years , this aldridge woman is an idiot...and a complete liar and sounds like she has never traded. Sounds like a complete lobbyist for the HFT traders.!!!!!!!!
Nashster001 1 year ago
worst conducted interview ever
Ventorez 1 year ago
Notice that the pro HFT shill dodged the question, "Does HFT able access to the data before anyone else" three times by replying "it's illegal" even when the question was pointedly asked to her by the female anchor 4:42 - 4:50.
Saluzzi is spot on - again.
bbagginz 1 year ago
id totally do her, but shes wrong...clearly!
dannyp1463 1 year ago 4
Just like LTCM, HFT will have its day.
PLooBzor 1 year ago
This was nothing but a 3 against 1 shoutdown of the person trying to defend HFT. This is why I don't watch CNBC anymore. What a joke. There's a debate to be had here. This was not it.
gwar2006 1 year ago
She is sooo right!
Yes he is mad because they are cutting margins of the services, suberb i guess this spells the end for the highly renumerated financial traders. Unless they simply bribe the government to implement regulations.
shodan78 2 years ago
Joe Saluzzi is wrong!
He is whining about a computer doing the trade faster than him, yes as he can make a trade faster than a small player.
Further he complains that make money doing nothing! well isn't that what all the traders do? they don't produce anything! Joe is just mad that the computer geeks are taking over his business. In 10 years his job will be gone, outsourced to a supercomputer and with the salary he is lifting i can't feel sorry for the guy.
shodan78 2 years ago
Joe Saluzzi is right.
welhungjohnson 2 years ago
'trading like a turtle' lol
penguicold 2 years ago
Joe's a socialist...looking for more government regulation.
atrickpay11 2 years ago
Great stuff. I am always happy to see Joe's pieces.
What an interesting arrangement it is to put an undeniably attractive and bright person to debate Joe just to pull the discussion into the deceiving rut. Whoever thought of it partially succeeded.
Joe, however, is right. Everyone gets taxed by HFTs. HFTs don't provide any value, they are basically parasites milking the system. While it is not illegal, front-running through flash orders is.
MyLoser 2 years ago
After sub prime debt dumping crime we now have the next problem that is dishonestly stealing the poor mans money. Its called front trading. Used to be called insider trading when it was not done by computers. The poor man is having his future sucked dry by these vampires. It is not funny that the people who contribute the least to society get paid the most. Where in the name of god is all this going to end. The whole planet could go bust thanks to America and its shady banks.
bayhoecott 2 years ago
watch rigged markets by max keiser here on the tube. regards.
uea978 2 years ago
Joe Saluzzi is taking up for mom and pop. JS is the only one ever to call this unethical. The market is manipulated. Joe S. should have his own show. What a great human being.
itillbeme 2 years ago
This is a really poorly structured debate. It's just a bunch of people shouting at each other
jastat 2 years ago
The chick for high volume trading wanted that way. She refused to answer the questions put to her. Then when she did give an answer, she lied on top of it all. That's where the yelling comes in. If someone lies right to your face & YOU KNOW for a FACT they are lying.... most people get pissed & start yelling or worse. Truth is, Goldman Sachs has been caught with a program that does exactly what Joe was saying they were doing. "Front Running"(manipulating) the market. Its all over YT. Max Keiser
MrWizenBud 2 years ago
she is not lying
jastat 2 years ago
Riiight. & I'm the King of England.
MrWizenBud 2 years ago
HFT bubble is next
sljs1010 2 years ago
that chick is a poor excuse for society as she is part of the MSM team.
At least Saluzzi is standing up for humanity, unlike this bitch whom is closed minded about government and corporate corruption from the tells that are so easy to read on her.
endlessmountain 2 years ago
That blonde girls first the CNBC - Lie and believe the mainstream media lies.
endlessmountain 2 years ago
pointless interview. I think CNBC anchors' compensation is tied to how many times they can interrupt a guest.
cr1138 2 years ago
hope your computer doesn't blow up tomorrow. That was some funny shit!
UcantBeSerious03 2 years ago 3
ok here are the facts.
Flash orders are real for some ECNs but not the specialist so just use the specialist. Co-locating servers is something that mutual funds and hedge funds do too so yes they have a speed advantage over you but who cares, you shouldnt be day trading from home - you will lose.
You do get rebates for providing liquidity and theres nothing wrong with it and its not different than any other liquidity.
HFT is volume that everyone can take advantage of so get used to it.
afr6262 2 years ago
nah
alvanson 2 years ago
Pump the brakes. The reason day trades will lose isn't because they can't compete on an even playing field. Mom & Pop traders can't compete because the market is being manipulated by people like Goldman Sachs with computer programs that front run the markets. This is a fact. No, not everybody in HFT is "front running". But, the systemic moral hazzard is there. Something should be done to even the access to markets out. There should be a "Speed Limit".
MrWizenBud 2 years ago