Posts Tagged ‘trading robots’

The SEC Takes on the Robots

A solution that does nothing to address the problem while reinforcing the notion that prices aren’t based on value but rather the result of automated trading programs. But we knew that. – Ilene 

The SEC Takes on the Robots

Courtesy of Jr. Deputy Accountant 

Again, it’s good to have a "just in case" or twenty readily available, right?

Business Week:

The U.S. Securities and Exchange Commission’s plan to impose halts on some stocks that swing more than 10 percent starting today may be followed by more measures to slow down trading.

The circuit-breaker test, a response to the May 6 plunge that wiped out $862 million of share value in 20 minutes, will begin as a pilot covering five stocks before expanding next week. SEC Chairman Mary Schapiro said yesterday the agency is considering regulating the speed of stock orders as part of a broader effort to rein in electronic markets.

Call me crazy but aren’t we trying to seduce money into our exchanges and not scare the pants off of it? Note to the SEC: This sort of sh*t scares the money. You’ve been warned.


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MarketWatch Columnist Warns Of Trading Robots Reaching “The Singularity”

MarketWatch Columnist Warns Of Trading Robots Reaching "The Singularity"

Courtesy of Joe Weisenthal at Clusterstock

paul bfarrell.png… And the award for the most ridiculous, most paranoid-sounding column about the dangers of High-Frequency Trading goes to Paul B. Farell of Marketwatch, who warns that trading robots have achieved "The Singularity" and absolutely cannot be beaten by retail investors.

Last year Wall Street banks were virtually insolvent. Taxpayers stimulated them back from the dead. Now, thanks to the proliferation of HFT-Quants, Wall Street’s again racing at hyperspeed, gambling with the money it conned from taxpayers, using it to skim more from clueless investors. First the Fed and Treasury, now Wall Street’s "Too-Stupid-To-Fail" banks are stealing from Main Street’s "Too-Dumb-To-Stop-Trading" investors.

Wall Street’s greed machine never stops, never. So who are these new predators prowling the markets? How do they win so big? And where is their "Singularity?"

Our imagery begins with Ray Kurzweil. Inventor. Entrepreneur. Futurist. An artificial-Intelligence visionary who thinks at hyperspeed, like the HFT-Quants. Kurzweil predicted this new reality in his best-sellers: "The Singularity is Near" and "The Age of Spiritual Machines: When Computers Exceed Human Intelligence."

Just a few years ago Kurzweil’s "Near" wasn’t until 2045, when the human race "breaks the shackles of its genetic legacy and achieves inconceivable heights of intelligence, material progress and longevity." That was his law of "accelerating returns" where intellectual progress rockets into the future exponentially faster than Moore’s Law.

What’s too bad, is that if you take out the self-righteousness ("money it conned from taxpayers!") and the paranoia ("breaks the shackles of its genetic legacy") the column actually makes a good point, which is that most of the time, daytrading is a fool’s game that shouldn’t be tried at home.

Of course, that’s always been the case. Amateur, at-home investors have always traded badly, and nothing about the HFT makes this new. If anything, these machines are a net-positive if they reinforce the idea that there will never be an even playing field. But nobody wants to hear that, and it doesn’t make for a good rant.

Perhaps there’s money to be made in Robot Insurance?

 

 


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Phil's Favorites

COVID-19: why lab-leak theory is back despite little new evidence

 

COVID-19: why lab-leak theory is back despite little new evidence

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Biotech/COVID-19

COVID-19: why lab-leak theory is back despite little new evidence

 

COVID-19: why lab-leak theory is back despite little new evidence

...



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Zero Hedge

Thermostats In Texas Homes Are Being Accessed Remotely And Turned Up Due To An Energy Shortage

Courtesy of ZeroHedge View original post here.

Have a smart thermostat at home? Better keep an eye on it - especially if you live in Texas.

That's because some residents of the Lone Star state have been claiming that someone has been turning up the temperatures at their homes, remotely, at the same time the state is undergoing an energy shortage. 

And while the Electric Reliability Council of Texas has asked Texans to turn up the temperatures at their homes to help deal with the shortage, some residents are claiming...



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Digital Currencies

Inside a ransomware attack: how dark webs of cybercriminals collaborate to pull one off

 

Inside a ransomware attack: how dark webs of cybercriminals collaborate to pull one off

BeeBright/Shutterstock

Courtesy of David S. Wall, University of Leeds

In their Carbis Bay communique, the G7 announced their intention to work together to tackle ransomware groups. Days later, US president Joe Biden met with Russia...



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Chart School

RTT Plus Bulletin

Courtesy of Read the Ticker

RTT Plus private blog answer these questions over the last two weeks.

Ending: 2021-06-19

- Metal stocks very bullish after gold smash
- FED taper talk vs Basel 3
- Dollar devaluatioin before end of 2021
- COVID, Vaccine insight (off topic)
- The next play for the deep sate (off topic)
- The debt loaded USA can not break these economic stats


RTT Plus membership required to review.

RTT Plus members can include chart building services if you wish. If you you do not want chart building services select 'RTT Plus' only during the membership sign up process.

Sign up now!






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Politics

The Ukraine Fallacies (with Victor Rud)

 

The Ukraine Fallacies (with Victor Rud)

Americans are confused about the history of Ukraine. That's just how Russia wants it.

Courtesy of Greg Olear, at PREVAIL

Greg is the author of Dirty Rubles: An Introduction to Trump/Russia 

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Promotions

Live Webinar with Phil on Option Strategies

 

June is TD Bank's Option Education Month, and today (Thursday, June 10) at 1 pm EST, Phil will speak with host Bryan Rogers about selling options and various option strategies that we use here at Phil's Stock World. Don't miss this event!

Click here to register for TD's live webinar with Phil.

 

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Kimble Charting Solutions

Crude Oil Cleared For Blast Off On This Dual Breakout?

Courtesy of Chris Kimble

Is Crude Oil about to blast off and hit much higher prices? It might be worth being aware of what could be taking place this month in this important commodity!

Crude Oil has created lower highs over the past 13-years, since peaking back in 2008, along line (1).

It created a “Double Top at (2), then it proceeded to decline more than 60% in four months.

The countertrend rally in Crude Oil has it attempting to break above its 13-year falling resistance as well as its double top at (3).

A successful breakout at (3) would suggest Crude Oil is about to mo...



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ValueWalk

Managing Investments As A Charity Or Nonprofit

By Anna Peel. Originally published at ValueWalk.

Maintaining financial viability is a constant challenge for charities and nonprofit organizations.

Q4 2020 hedge fund letters, conferences and more

The past year has underscored that challenge. The pandemic has not just affected investment returns – it’s also had serious implications for charitable activities and the ability to fundraise. For some organizations, it’s even raised doubts about whether they can continue to operate.

Finding ways to generate long-term, sustainable returns for ...



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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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