2010 Flash Crash and HFT

Long, short, Bitcoin, forex - Plenty of alternate market disuccsion.
marko236
Posts: 737
Joined: Fri Jul 12, 2013 11:54 am

They have frozen all of his funds haven't they? I think its absolutely disgraceful that this guy might be put in jail whereas banks are just fined for fx/libor manipulation and the traders get away with it...[/quote]

Yeah your right they should freeze the banks when they do the same thing! then see how there bank customers think of them then :lol:
andyfuller
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Joined: Wed Mar 25, 2009 12:23 pm

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Euler
Posts: 24700
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

The court forced him to disclose the whereabouts of his money and was told he had funds of more than £30m, £25.5m of it in Swiss accounts.
andyfuller
Posts: 4619
Joined: Wed Mar 25, 2009 12:23 pm

'Flash crash' trader extradition hearing to go ahead

http://www.bbc.co.uk/news/business-34086199
LinusP
Posts: 1871
Joined: Mon Jul 02, 2012 10:45 pm

http://queue.acm.org/detail.cfm?id=2536492

Not sure if this has been posted but really good write up on the HFT, looking to change a few of my programs now.

(The bit on cancel rates is interesting as well)
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marksmeets302
Posts: 527
Joined: Thu Dec 10, 2009 4:37 pm

Planning on buying an arista switch are you Linus? :)

I've been part of this speed game for 12 years. Not a month went by that I didn't hear "we're too slow". We'd think of something, became quicker but then it would start all over again. I am soo happy I don't have to go through that anymore.
LinusP
Posts: 1871
Joined: Mon Jul 02, 2012 10:45 pm

haha not yet :D

Marksmeets did you move from HFT to betfair?
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marksmeets302
Posts: 527
Joined: Thu Dec 10, 2009 4:37 pm

Betfair has been a hobby for me since 2008, and it still is. I used to make software for a liquidity provider/arbitrageur in ETFs. We occasionally have a debate if what we do is considered HFT. I guess not in the strictest sense, but we rely very much on speed and do hundreds of thousands trades a day. I've had some of the best moments there but also the worst. About a year ago I decided I liked it better when we were still with 15 people instead of now with something like 250 and left. I think I've been very lucky to have been at the right place at the right time.
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marksmeets302
Posts: 527
Joined: Thu Dec 10, 2009 4:37 pm

Bloomberg has a nice article on the flash crash guy: https://www.bloomberg.com/news/features ... e-vanished
Explosivo945
Posts: 10
Joined: Fri Feb 03, 2017 6:31 pm

The Michael Lewis book on this is a really good read as well, it's not strictly just about the flash crash but HFT in general: https://www.amazon.co.uk/dp/B00I9PVKKC/ ... TF8&btkr=1
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