U.S. stock markets are rigged, says author Michael Lewis

Re:U.S. stock markets are rigged, says author Michael Lewis by yummyfajitas on Monday March 31, 2014 @01:14AM (#7499768)

How does the HFT know Fidelity called Goldman Sachs? Are they tapping the phones?

Whenever they see a huge influx of buy or sell volume they can quickly jump in front...

Could you tell me what FIX/OUCH command is used to do this?

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Re:U.S. stock markets are rigged, says author Michael Lewis by crdoconnor on Monday March 31, 2014 @03:59AM (#7500232)

>Whenever they see a huge influx of buy or sell volume they can quickly jump in front... > >Could you tell me what FIX/OUCH command is used to do this?

Uh, buy and sell.

Could you tell me which part of FIX/OUCH makes quote stuffing impossible?

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Re:U.S. stock markets are rigged, says author Michael Lewis by yummyfajitas on Monday March 31, 2014 @06:41AM (#7500618)

Buy != "jump in front".

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Re:U.S. stock markets are rigged, says author Michael Lewis by jamieabe on Monday March 31, 2014 @01:59AM (#7499894)

I was drawing a real life comparison to how HFT works...it gives the big banks order information before it is executed.

As for actual commands, sorry I am not a programmer, just a former trader.

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Re:U.S. stock markets are rigged, says author Michael Lewis by sseveran on Monday March 31, 2014 @02:06AM (#7499910)

So you were involved in illegal activity? Maybe you should call the SEC and pickup the whistleblower percentage?

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