CALIBRATED CONFIDENCE: More Proof For The UK Treasurer Of "Direct Evidence" Regarding HFT And Price Movement

"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades

"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald

"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden

"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints

Friday, December 9, 2011

More Proof For The UK Treasurer Of "Direct Evidence" Regarding HFT And Price Movement

Eric Hunsader over at Nanex who has been the factual benchmark for all things HFT has released some images from this morning. We have seen a few abnormalities today (here). The BATS exchange was hit around 11:00:33 and BAC and PDLI are the shining stars of the debacle. We addressed the issue of government rules and the global officials that are either to incompetant to figure this out themselves or they are on the HFT payroll and play the best promoter and scam artist. The SEC sees no benefit to analyzing millisecond data. The UK Treasurer thinks HFT shows no "direct evidence" of causing price movement (articles here)

From NANEX:

Bank Of America

BAC ~ 1 second chart on Dec 9, 2011
Circles are trades. Shaded area is BBO (1=NQ,7=ARCA,60=BATS)

BAC ~ 1 second chart on Dec 9, 2011
Shaded area is BBO. Shows Quote Rate.

BAC ~ 100 millisecond chart on Dec 9, 2011
Circles are trades. Shaded area is BBO

BAC ~ 100 millisecond chart on Dec 9, 2011
Shaded area is BBO. Shows Quote Rate.

PDL BioPharma

PDLI ~ 1 second chart on Dec 9, 2011

PDLI quotes on Dec 9, 2011
(1=NQ,7=ARCA,60=BATS)

PDLI Quotes and Trades

HFT Alert Graphs