Nanex has been remarkable in the fight for clarity and for accurate data revolving around high speed trading. The firm compresses direct feeds and passes them onto their clients to use as a base for their own software coding or as a means to monitor real market data without 3 servers, 5 computers, and their own power generator. At a time when it nobility was thin in the early stages of the HFT
fight, Hunsader and his team of Wizards stuck their necks out and
published material that went against the prevailing sentiment. With
Themis Trading lighting fires under individual shoe's, Nanex was able to
back up the claims of Joe and Sal using colorful and often in-you-face
graphs to show the complexity and the detail of the US financial market
micro-structure on the millisecond (ms) level.
Russia Today (RT) has produced a show called Capital Account which is hosted by Lauren Lyster. RT has been doing a great job of undermining American media with their own, factual, no bullshit show. Below you will find two clips, number one is Lauren's interview with Eric Hunsader and number two is her interview with David Greenberg.
The quote that has been repeated and marked as exemplary of HFT is attributed to Eric:
"Electronic trading brought down costs, HFT brought down ethics"
David Greenberg On HFT
To go a step further, here is Haim Bodek of Scott Patterson's book "Dark Pools" popularity taking his first of many steps into the public to highlight the warped ethics and the negative ethos associated with high-speed trading.
