Posts Tagged ‘HFT’

Audio Interview Peter Kovac Part 2 - Disruption, IEX, Dark Pools, Blowups

Audio Interview Peter Kovac Part 2 – Disruption, IEX, Dark Pools, Blowups

By The Banker | Audio Posts, Investing, Wall Street

Editors Note: I highly recommend consuming this interview in audio form, by clicking the start box above. So much more interesting! Please see interview Part one with Peter Kovac here, on HFT market making front-running and profitability Part 2 of the interview HERE: Michael:          Hi, my name is Michael, and I used to be a [&hellip

Audio Interview - Peter Kovac on High Frequency Trading - Market Making, Profits, Front-Running

Audio Interview – Peter Kovac on High Frequency Trading – Market Making, Profits, Front-Running

By The Banker | Audio Posts, Wall Street

I recommend listening to the audio version of this interview…It’s the best part!   Michael:          Hi, my name is Michael, and I used to be a hedge fund manager. Peter:              My name is Peter Kovac, and I’m the author of Flash Boys: Not So Fast. Michael:          Flash Boys: Not So Fast came out recently on [&hellip

High Speed Trading - And DandD Alignments

High Speed Trading – And DandD Alignments

By The Banker | Blog Posts, Investing, Texas, Wall Street

I’m trying to figure out where electronic and high frequency trading firms fit with respect to Alignment, and how I feel about that. Alignment I mean “Alignment” the way a Dungeons and Dragons (D&D) player means it (full disclosure: I’m a Lawful Good Half-Elf Bard in real life. I mean, in the game. I mean, [&hellip

Would You Like To Understand High Frequency Trading?

Would You Like To Understand High Frequency Trading?

By The Banker | Blog Posts, Book Reviews, Wall Street

My friend Pete Kovac got so peeved about Michael Lewis’ Flash Boys that he wrote a response, in the form of a book, called Flash Boys Not So Fast – An Insider’s Perspective On High Frequency Trading. The highly unusual part about this book is that high frequency trading up until now has basically been [&hellip

Book Review: Flash Boys by Michael Lewis

Book Review: Flash Boys by Michael Lewis

By The Banker | Book Reviews, Investing, Wall Street

The Rise of the Machines Michael Lewis wrote Flash Boys to alert the non-finance world about the scourge of high frequency traders front-running investors and fracturing traditional capital markets. Lewis does not distinguish between quantitative (or algorithmic) trading strategies and high frequency trading firms (HFTs), although it’s helpful to define these terms first. Quantitative strategies [&hellip