The State of Algorithmic Trading

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Uploaded by on Sep 18, 2009

Dr. John Bates, VP and GM of Apama, discusses the evolution of algorithmic trading towards high frequency trading. Learn about how to manage risk and prevent rogue traders, and discover the holy grail of market surveillance.

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  • We are approaching "Peak Fiction".

  • Ahhh, the cloud changes everything, I think the cloud, even internal at a major place, is a bit slow for any kind of HFT. Not to mention some nagging security issues that are even bigger in trade land. This is not online bookselling and retail we are talking about when dealing with exchange connectivity.

  • Hold your Positions longer than milliseconds and stop giving excuses for losing.

  • Banks are monopolistic , parasites. Using algorithms to have an unfair advantage on the regular traders. Even if an average guy was a genius and set up algorithms the banks still have the advantage because big banks are allowed a tenth of a second advantage over everyone else in the market. Therefore the banks can do all their algorithmic trading in that tenth of a second before the average guy gets a chance and they can fix the price by sending ping/trades at different price to test limit....

  • seems to know what he is talking about,not trying to sell,which makes a nice change...

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