Comments for PreMarketInfo.com

Comment on Facebook IPO – Time to Press the “Like” Button? by бронирование отеля

бронирование отеля — Mon, 14 May 2012 14:14:46 +0000

Thank you, I’ve just been looking for information about this subject for a long time and yours is the best I’ve discovered till now. However, what about the conclusion? Are you positive about the supply?|What i do not understood is if truth be told how you’re not really a lot more neatly-favored than you might be now. You are very intelligent.

Comment on S&P Weekly Outlook by ppearlman

ppearlman — Sun, 13 May 2012 22:18:31 +0000

nice post dennis.

Comment on Two years after the Flash Crash – Spreads are Narrower and Liquidity Deeper than Ever Before? Guess Again. by Dennis Dick

Dennis Dick — Mon, 07 May 2012 22:34:34 +0000

Wow Eric. This is great. Thanks for the charts. I’ll add a link to this in the article as well.

Comment on Two years after the Flash Crash – Spreads are Narrower and Liquidity Deeper than Ever Before? Guess Again. by JSW

JSW — Mon, 07 May 2012 22:25:52 +0000

Ok, I realize you’ve had enough. But for what it’s worth, any market maker in today’s microstructure who is not by default HFT is not worth their weight in salt.

Comment on Two years after the Flash Crash – Spreads are Narrower and Liquidity Deeper than Ever Before? Guess Again. by DavidC

DavidC — Mon, 07 May 2012 22:14:12 +0000

Sorry, second paragraph should read;

The use of HFTs is going up. If spreads are narrower and liquidity is deeper the HFTs are working. As spreads AREN’T narrower (they’re not – see Nanex’s research) and liquidity ISN’T deeper (it’s not, given the point of Dennis’s piece), HFTs aren’t working.

DavidC

Comment on Two years after the Flash Crash – Spreads are Narrower and Liquidity Deeper than Ever Before? Guess Again. by DavidC

DavidC — Mon, 07 May 2012 22:10:49 +0000

JSW,
OK, my final word. The article is NOT talking about ENTITLEMENT, it’s talking about supposed benefits of HFTs.

HFTs are NOT the same as a market maker – read Nanex’s research and buy “Broken Markets” when it comes out at the beginning of June.

No more from me.
DavidC

Comment on Two years after the Flash Crash – Spreads are Narrower and Liquidity Deeper than Ever Before? Guess Again. by JSW

JSW — Mon, 07 May 2012 22:04:10 +0000

And yes, David, I do trade.

Comment on Two years after the Flash Crash – Spreads are Narrower and Liquidity Deeper than Ever Before? Guess Again. by JSW

JSW — Mon, 07 May 2012 22:02:59 +0000

David, the underlying tone of the article was enough to give away the general belief of entitlement in regards to liquidity premiums. The Nanex/Themis research is more of the same – watching market makers as they balance supply and demand in their various issues.

From the perspective of a market maker, Tom, what is the benefit to Tom in providing tight spreads on the open of a stock where he, by definition, has no clue which direction the market will go? Is Tom required to provide this service to the retail trader to the detriment of his own book, his own firm, and his own livelihood? Tom needs time to properly gauge supply and demand in order to properly firm up the book and eventually provide his full level of liquidity.

Comment on Two years after the Flash Crash – Spreads are Narrower and Liquidity Deeper than Ever Before? Guess Again. by DavidC

DavidC — Mon, 07 May 2012 22:02:58 +0000

JSW,
Errm, no.

Levels of obesity are going up. If more people are dieting then diets aren’t working.

The use of HFTs is going up. If spreads are narrower (they’re not – see Nanex’s research) and liquidity is deeper (it’s not, given the point of Dennis’s piece) the HFTs aren’t working.

I’m not talking about the existence of varying liquidity through the day, I AM talking about the purported effect(s) of HFT.

No more from me so you may respond as you wish.

DavidC

Comment on Two years after the Flash Crash – Spreads are Narrower and Liquidity Deeper than Ever Before? Guess Again. by nanexllc

nanexllc — Mon, 07 May 2012 21:53:20 +0000

Dennis,

We posted a few more charts that go with your excellent article.

http://www.nanex.net/aqck/3018.html