Tag Archives: hft

High Frequency Trader Convicted for Spoofing Markets

High frequency futures trader, Michael Coscia, has been found guilty on 12 accounts of fraud for “spoofing” market activity. He manipulated prices on the Chicago Mercantile Exchange by placing large, unfilled orders (spoofing) and placing smaller orders that were filled. He effectively created deficits in the market, allowing him to temporarily have some control over […]

New Evidence Shows HFT More Concerning than Ever

Vice just published an article regarding High Frequency Trading (HFT) algorithms. The illustration is by Jacob Livengood A few interesting points: • Half of US stock-exchange trades in 2012 (1.6 billion shares a day) were placed by HFT. • A University of Miami research paper published in September 2013 indicates that between January 2006 to […]