£200K in 1 Year Betfair Trading
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The practice of high-frequency trading has more in common with operations inside a casino than a trading room floor. Except an HFT betting exchange trading rooms could cost billions of dollars more than a misplaced bet at the roulette table. The sudden plunge in prices was partially due to computers setup with high-frequency trading strategies, in which thousands of orders to buy and sell shares are executed in fractions of a second.
And there's a chance such a crash could happen again, according to Nick Nielsen, betting exchange trading rooms of trading at Marshall Wace, a London-based hedge fund. Though there have been no major drops in a market's average, individual companies have seen major fluctuations in share prices occur in fractions of a second. Other, less drastic "mini crashes" stopped betting exchange trading rooms in other stocks including Apple and Cisco Systems, without generating much news.
HFT raised concerns among regulatory groups on both sides of the Atlantic, and while recommendations have been made there are no new binding rules governing the practice. Mary Schapiro, chair of the US Securities and Exchange Commission, has proposed checks on algorithms before they are used. While algorithmic trading and HFT are not synonymous - not all computer-generated trading is done at high speed - HFT firms are using increasingly complex algorithms to trade securities.
The US Commodity Futures Trading Commission convened a technology panel, which recommended that clearinghouses, exchanges, traders and brokers should jointly oversee algorithms, with measures put in place to prevent excessive risk-taking. A political drive to impose new regulations and rules at stock exchanges at a breakneck pace in the aftermath of another incident similar to the "flash crash" could actually increase risks in the financial system, Nielsen said.
I would be very scared of a rush to add more layers betting exchange trading rooms complexity to the markets because all they are doing is increasing the risk of something bad happening again," he added. There could betting exchange trading rooms some pretty aggressive regulation coming very quickly, similar to what happened when all of the bank stocks were getting hammered in ," Nielsen said. But they happen to win more than they lose," he said.
Peter Nabicht, chief technology officer at Allston Trading, a Chicago-based trading firm, also agreed that the casino analogy had some validity. HFT accounts for 54 percent of equity trading in the US and 34 percent of equity trading in Europe, according to Tabb Group, a US-based financial technology consultancy firm. Nabicht and Nielsen agreed that the increasing grip HFT has on the financial markets formed part of an evolution of the financial markets towards increasingly electronic and automated trading strategies.
Michael Levas, founder and chief investment officer at Olympian Capital Management, a proprietary trading firm based in Florida, called for regulators and market participants to embrace the new trading betting exchange trading rooms shaping the trajectory of the financial markets.
We need to understand it and we have to work with it. That is the only way that we are going to be able to fix all the inconsistencies which are prevalent in the market place. Levas attacked politicians in Europe such as French Finance Minister Christine Lagarde for having "no idea" what it is like to work in the financial markets. Meanwhile, Deutsche Bank has launched a new algorithm for trading shares that mimics the strategies used by HFT firms to enhance the performance of its mutual and pension fund clients.
Earlier this month, Germany's leading investment bank has rolled out an updated betting exchange trading rooms of its "Stealth" product, which uses complex mathematical models to predict the price changes of shares in microseconds. These decisions will be used to purchase securities for Deutsche Bank's mutual and pension fund clients.
The Frankfurt Stock Exchange has accelerated its plan to conduct all transactions electronically using the Xetra platform. Meanwhile, fears remain over the risks posed by computerized, high-frequency trading systems. Every war has economic impacts. Escalating the conflict in Syria, a multi-sided proxy war involving multiple regional and global powers, will have broad consequences. Higher oil prices may be among the outcomes.
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