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Thriftville Offline
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#1
03-08-2011, 04:40 PM
SGX plans to start high frequency trading program.


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.pdf   SGX by JPM 3 August 2011.pdf (Size: 769.02 KB / Downloads: 19)
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wsreader Offline
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#2
03-08-2011, 09:18 PM
you can refer to the latest result briefing materials:

http://info.sgx.com/webcoranncatth.nsf/V...00032C2C1/$file/4QFY2011_Results_Briefing.pdf?openelement

Hidden in page 24 is the information that there is a sharp increase of 61 co-location server racks just over the last 3 months. Looks like really going full force into HFT. Willl there remain a livelihood for human traders?
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Thriftville Offline
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#3
04-08-2011, 08:32 AM
I read about Goldman's HFT before. Seems like the system is built for these investments banks to profit at the expense of others. Reason being, when the software spots a buying pattern, it will quickly place a bid to outbid the potential buyer, then later sell it to him at a higher price.

Don't really understand why such system is allowed to operate. Does it help to make the market more efficient?
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