Big Mike 

LOL'd a bit, as this is essentially exactly what I am doing for my custom platform: Big Mike's custom trading platform Hi guys, So I've written several posts about this all over the place but I keep getting questions and PM's so it makes more sense for this to have its own thread. First, I need to tell you that while I have no problem sharing a great deal, … But you are exactly right "whatever floats your boat", and for me this is what I wanted and needed, at least for now. Not everyone is competing in the same space. My trade duration is measured in hours to days. Mike

Interesting thread, will subscribe.

In case this got buried..

I was referring to the text underlined in red in the image below. Why was it deleted? Still stand by it?

Outlier 

...but rather jumped to conclusions to defend anything HFT.

All throughout my posts, I actually leave people with something to take away that they can learn from:

1. I warned people against IB and Timber Hill's prop trading practices. I suggested another brokerage. Someone PM'ed me and I also recommended another FCM. (And I don't clear with either of these 2 entities.)

2. I suggested ways to improve exchange architecture, and ways in which it can't improve from Nanex's suggestions. I even agreed with a few of Nanex's suggestions.

3. I told an inside story about 3 firms, so people understand the "latency arms race" better - that it actually boils down to a modeling advantage.

4. I showed details of our trading strategies.

5. I illustrated the positions of different trading participants and their relationships with "HFT": a $300B fund, the algorithmic trading desk at a broker-dealer, a retail brokerage firm, a prop trading firm etc. I explained how many of their trades represent innocent people like a young girl who just inherited a large number of stocks that was hard-earned.

6. I also shared data that I obtained from a thorough research methodology myself, rather than posting a PDF that was written by someone else, and data that was timestamped by ourselves.

What have you, or Nanex, demonstrated about your industry in this thread or done to benefit the readers of this thread? Actually, what kind of trading strategies do you two run anyway?

artemiso 

All throughout my posts, I actually leave people with something to take away that they can learn from: 1. I warned people against IB and Timber Hill's prop trading practices. I suggested another brokerage. Someone PM'ed me and I also recommended another FCM. (And I don't clear with either of these 2 entities.) 2. I suggested ways to improve exchange architecture, and ways in which it can't improve from Nanex's suggestions. I even agreed with a few of Nanex's suggestions. 3. I told an inside story about 3 firms, so people understand the "latency arms race" better - that it actually boils down to a modeling advantage. 4. I showed details of our trading strategies. 5. I illustrated the positions of different trading participants and their relationships with "HFT": a $300B fund, the algorithmic trading desk at a broker-dealer, a retail brokerage firm, a prop trading firm etc. I explained how many of their trades represent innocent people like a young girl who just inherited a large number of stocks that was hard-earned. 6. I also shared data that I obtained from a thorough research methodology myself, rather than posting a PDF that was written by someone else, and data that was timestamped by ourselves.

I will thank you for the above part, but didn't thank the entire post due to the last sentence which I removed from the quote.

Mike

Moderator Notice I'd like to remind everyone that civil discussion is welcome and encouraged, but let's remember NexusFi (formerly BMT) is not "other forums" where it is normal to have a pissing contest or instigate childish or rude behavior. So just to make sure we aren't heading in that direction, please make sure you are not picking a fight or instigating an argument and instead let's keep it professional and helpful.

Mike

nanex 

In case this got buried.. I was referring to the text underlined in red in the image below. Still stand by it?

Absolutely.

nanex 

Why was it deleted?

See your PM.

artemiso 

Absolutely.

This is from a co-founder of the McKay Brothers - just published today: https://www.nanex.net/aqck2/4436/RevisitingFedRobbery.pdf

A brief synopsis of this new paper along with our original post:

Nanex ~ 20-Sep-2013 ~ Einstein and The Great Fed Robbery

nanex 

This is from a co-founder of the McKay Brothers - just published today: https://www.nanex.net/aqck2/4436/RevisitingFedRobbery.pdf A brief synopsis of this new paper along with our original post: Nanex ~ 20-Sep-2013 ~ Einstein and The Great Fed Robbery

My view is consistent with the PTG's statement.

artemiso 

My view is consistent with the PTG's statement.

Just so I'm clear, PTG says the FOMC news was preloaded on news servers in NY/Chicago before 2pm, then released at 2pm exactly.

artemiso 

My view is consistent with the PTG's statement.

Your [new] view, the one consistent with PTG's statement, is inconsistent with your [now deleted] post: