Oh dear: death to HFT Oh dear: death to HFT
Posts 1 to 6 of 6
  1. #1

    My post count is Majestic

    AtW is a fount of knowledge

    AtW's Avatar
    Join Date
    Jul 2005
    Posts
    51,446

    Default Oh dear: death to HFT

    "A "speed bum" plan for orders on the New York Stock Exchange
    NYSE has said NYSE American will have a similar model as IEX Group's Investors' Exchange

    Including a 350-microsecond delay
    Except it will have electronic market makers with obligations to ease the trading of NYSE American-listed stocks
    U.S. Securities and Exchange Commission approved NYSE's speed bump in a regulatory filing on Tuesday, making it the second U.S. exchange with an artificial delay."

    NYSE plans to add a delay of a fraction of a second for incoming and outgoing orders

    Where is Churchill when you need him?

  2. #2

    I Am Legend

    BrilloPad has reached the peak. Play again?


    Join Date
    Aug 2006
    Posts
    103,728

    Default

    Good. It will make a more level playing field.

  3. #3

    Fingers like lightning

    GJABS - scorchio!

    GJABS's Avatar
    Join Date
    Sep 2015
    Posts
    946

    Default

    There are of the order of around 20 stock exchanges in the US, and many more "dark pools". All this plan for the New York Stock Exchange (NYSE) will do is to move high frequency trading onto the other exchanges, and result in slightly worse prices for those still using the NYSE.

  4. #4

    My post count is Majestic

    AtW is a fount of knowledge

    AtW's Avatar
    Join Date
    Jul 2005
    Posts
    51,446

    Default

    Quote Originally Posted by GJABS View Post
    There are of the order of around 20 stock exchanges in the US, and many more "dark pools". All this plan for the New York Stock Exchange (NYSE) will do is to move high frequency trading onto the other exchanges, and result in slightly worse prices for those still using the NYSE.
    Delay will be a regulatory requirement, I am surprised it's only 350 microseconds, but I guess it's a start.

  5. #5

    I Am Legend

    BrilloPad has reached the peak. Play again?


    Join Date
    Aug 2006
    Posts
    103,728

    Default

    Quote Originally Posted by AtW View Post
    Delay will be a regulatory requirement, I am surprised it's only 350 microseconds, but I guess it's a start.
    Would you like 350 days?

  6. #6

    My post count is Majestic

    AtW is a fount of knowledge

    AtW's Avatar
    Join Date
    Jul 2005
    Posts
    51,446

    Default

    Quote Originally Posted by BrilloPad View Post
    Would you like 350 days?
    Mitch would

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •