Comments on: HFT Tractor Beam in Facebook (FB)

By: tractor games

tractor games — Mon, 28 May 2012 08:00:18 +0000

i think you miss a point in your analysis, namely that with a level 2 feed, one usually sees the next nine levels above and below the current best bid/ask.

By: theman

theman — Wed, 23 May 2012 23:59:19 +0000

You have experienced what bank transparancy looks like- out in the open. Compare patterns from the facebook battle to those across the market. Look at morgan stanleys securities fraud in a defense protocall that soon executed on its stock afteran alerted short. Their stock has been manipulated this whole time, along with all the other corresponding signals that correlate to bare the same patterns..

-dezg

By: John

John — Sun, 20 May 2012 14:10:37 +0000

What is also taking place, under the high latency radar is low latency order flow by hyper active co-located HFT robots. These HFT robots see the orders before most of us and execute flash orders before we even know they sent the order. So all we see is time and sales, never seeing the robot orders at all. It’s like an invisible robot market able see and react before the data ever reaches our computer screen. This practice also front runs the large visible orders that you’ve displayed the depth of. The robots search out large orders like this, so there’s no question they were all over FB. Almost 80% of volume today is automated (robot generated) bringing the average hold time of a stock today below 22 seconds.
Nice Post
John

By: Gonzalo Lira

Gonzalo Lira — Sat, 19 May 2012 09:51:07 +0000

Good post.

I sent you an e-mail to your info address. Let’s talk.

By: staudinger

staudinger — Sat, 19 May 2012 08:25:42 +0000

i think you miss a point in your analysis, namely that with a level 2 feed, one usually sees the next nine levels above and below the current best bid/ask.

as a result, on such a feed, one sees a large support, which results in a huge side imbalance … which also explains why it could fall so deep.

Very interesting analysis, though.

By: sellputs

sellputs — Sat, 19 May 2012 04:30:30 +0000

solid synopsis