and don't forget they are allowed to look into the future using flash orders. What do they say again? Flash orders are necessary to provide liquidity. In my opinion just corruption.
How about the order books. Are these big players like Goldman allowed to put their orders on top of the book? Just a question here. Sometimes I wonder why my long futures orders (and shorts) are only filled when the price drops lower (or higher), or it seems that way many times. Goldman winning huge on over 90% of their trading days is pretty suspicious. Being successful over 90% of the time in my opinion means they know what is going to happen or get preferable treatment somewhere. From: Rob Sent: Friday, April 30, 2010 3:52 PM To: [email protected] Subject: [amibroker] Re: An open request to our expert developers of AFL for Amibroker Ravi, Get real!!! Home/Retail traders are never going to be able to compete at the very high turnover/very low margin end of the market where investment banks thrive. Goldman's (and other banks) statistical arbitrage models which turnover billions of dollars of stock a day often making less than 1 basis point on turnover (which is still a lot of money when multiplied by billions of dollars)...1 basis point is 1/10000 %... With models like this it is critical to get price information as quickly as possible, hence "co-location" if their price servers closer to the exchange. Remember of course these banks also have effectively ZERO execution cost. A retail trader will never get close to that. If you really think as a retail trader you can compete in that market you are seriously deluded. Retail traders make money trading in a different way... far less dependent on micro-second accuracy of price... --- In [email protected], Ravindra Palwankar <ravipalwank...@...> wrote: > > > > > Dear ALL > An open request to our expert developers of AFL for Amibroker > In this world of bleeding edge technology's, the one who has the best > system/strategy to take split second decision wins. > No doubt "AMI" is a very good software tool, but unless and until, there are > smart AFL's, it is of no use in a competitive environment. > There was an article , about how "Goldman Sach bank" is minting money in > trading by installing computers which run 30 millisecond's faster than all > the other computers. > With advancement of technolgy more refined AFL's can be developed. > Recently, I came across an AFL developed by Mr.RAhul Mohindar (RMO) for > Metastock, which has been explained in a lucid manner on his website. > URL: > http://forum.equis.com/ Training/Online%20Demo/RMO% > 20ATM%20Demo/RMO_ATM_DEMO.htm ) > > May I , therefore request our AFL experts of Amibroker to develop an AFL much > better than this, so that all the user's > of Amibroker can take better and accurate trading decisions. > Hope to see tha AFL soon. > Thanks in advance. > Brgds > Ravi >
