nanexllc

5 ms·

1.
by nanexllc 11y ago
Vanguard is talking about electronic trading. Vanguard specifically states the time horizon is 10-15 years. HFT began in U.S. Stock in 2007. The biggest impact Vanguard experienced was from decimalization (going from eights to pennies, well
2.
by nanexllc 11y ago
Internalizers use both. The give retail the slower price, and buy and sell on their own account at the faster price. Nanex has uncovered a document from the NYSE stating that this is the case.
3.
by nanexllc 11y ago
In 2010, internalizers ABSOLUTELY, WITHOUT QUESTION, priced retail investor orders with SIP prices (the feed that got way behind). What the NYSE was doing: ABSOLUTELY. POSITIVELY. Impacted retail investors and mutual funds.
4.
by nanexllc 11y ago
I welcome debate over specific topics. I demand specific examples from wild accusations. Since I've published over 3000 pages (and have never had to retract a single page), you have plenty to chose from. BTW, what have you published?
5.
by nanexllc 11y ago
You are making straw man arguments. While I'm happy to discuss what the SIP should be in an ideal world, the topic at hand is what is current law. For those that don't know, it's Reg NMS (google it).
6.
by nanexllc 11y ago
"That is all that was determined." Do you work for the SEC? Because only the SEC knows what I sent them. If you do work for the SEC, then you have some explaining to do. If you don't work for the SEC, you have some explaining
7.
by nanexllc 11y ago
This is incorrect. We destroyed a Barron's article for making similarly false claims and we back it up with solid data: http://www.nanex.net/aqck2/4685.html We even caught Barron's cheating! The nerve of some
8.
by nanexllc 11y ago
When the going gets tough, the questions are dumb? This is the hallmark of lobbyist talk.
9.
by nanexllc 11y ago
Please point to the exact paragraph in Reg NMS that backs up your story. To those reading, don't waste your time awaiting an answer because there is no such paragraph in Reg NMS. The Regulations (Reg NMS) are very clear about this. Tha
10.
by nanexllc 11y ago
It is a common fallacy that retail orders ever go to stock exchanges. This is a good way to determine someone telling the truth. Here's proof: http://www.nanex.net/aqck2/4704.html
11.
by nanexllc 12y ago
Internalizers (Citadel) are the beneficiaries - as well as those competing for the top of the queue on every price shift. It would disappear quickly if it were just a bug. Then of course, is that phone conversation I had where it was explai
12.
by nanexllc 12y ago
Really, are you that naive to how the markets work? Intenalizers - Citadel for example, give retail traders prices based off the SIP and buy/sell on direct. Whenever there's a pricing difference, it's instant risk-less profit
13.
by nanexllc 12y ago
You are referring to direct feed content, I was explaining (in the interview) direct feed speed and content. Who buys a direct feed for a speed advantage and then doesn't colocate?!
14.
by nanexllc 12y ago
This is the SEC filing with proposed fees http://www.sec.gov/rules/sro/nysemkt/2013/34-70285.pdf
15.
by nanexllc 12y ago
Here's an animation showing the SIP vs Direct Feed issue: http://www.nanex.net/aqck2/4599.html Much of the games being played no would no longer work if the SIP was the defacto source of "real-time" pric