Is the U.S. stock market rigged? | The Compost Bin | Forums

I can't watch the vid at work, but I assume it is referring to Michael Lewis' book?

Flash Boys?

Well... rigged I think is not the appropriate term.

Gamed and manipulated would be gross understatements.

I have been an institutional trader now for almost 15 years, with volumes averaging between 1 and 5 million shares per day.

I'll be back after market open.....

I don't want to crush this thread with a frat, but I am pretty fairly well versed on the topic, so if there are any questions I'll gladly answer what I can. Trying to pull up a paper I presented on HFT regulation last year.....

A few things to keep in mind......

1. Algorithmic trading and HFT trading are NOT the same thing. While HFT uses algorithms, they are very very different.

2. Latency Arbitrage and Rebate Recapture HFT strategies offer no redeeming value to the market.

3. Offering co-location and increased data for high priced subscriptions to HFT traders by exchanges is complete horseshit.

4. Minimum display times would be the first step to sorting this out.