HFT: Today's winners for best quote stuffers.
"QUOTE STUFFING" (EDIT)...this link explains much of the below:
http://www.nanex.net/20100506/FlashCras ... rt4-1.html
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SPHB might have set a record.
Symbol
SPHB
# of programs
2888
total quotes
4,632,094
total trades
21 (that is not a typo)
Look at the list and see what really takes place now!
You cannot maintain the free flow of investment capital in a nation that allows this.
Please click this link, follow their links to the easy to fill-out form, and take 2 minutes to say you want fair markets back again:
http://www.nanex.net/Research/QuoteStuf ... anned.html
I've been PM-ed by 5 people so far who have done so. Thank you to all of you! Pass this and post this to every trader you know as this literally is your trading future and quite possibly your livelihood at stake!
NOTE: I have received one complaint about posting this information from an individual who says the markets have always been crooked (I do not deny that) and he is tired of reading of HFT activity. His concerned is about "seeing volume, trades and prices that are crossed". None of that involves market manipulation. The markets have NEVER seen anything like this. Consider the market to be a loaf of bread that all traders eat from. If you have a few thousands individuals who have managed to work as a team in some fashion and most never have a losing day through their ability to manipulate the market to their advantage, how much is left of the loaf for you to eat from? Anything?