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High Frequency Trading

Joe Saluzzi from Themis Trading who executes orders for institutional traders claims that there is a problem with the program traders on the NYSE. He makes a distinction between the volume traded and liquidity which I don’t follow. Also, from my experience, a lot of the trades cancel each other out. We often had two traders who were taking opposite sides of the same trade. Different algorithms lead to different high frequency trades.

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Posted in Pairs Trading.

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