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09:49
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Originally posted by laira
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There seems to be some confusion between algo trading and HFT. Algo trading is fine provided it is restricted to deep, liquid stocks and the orders are of sufficient size and value to enable execution in reasonable volumes. To see so many trades of 1, 2, or share in the less liquid stocks is not reflective of a deep, liquid, mature stock market and the market looks ridiculous. It's like buying a house brick by brick.guess what another broker's order might be but that's speculation. Any broker can speculate what an order might be. A HFT order cannot jump ahead of any other order at the same price because of price/time priority rules. It can over-bid or under-offer any other order but so can everyone else if they wish to. I don't believe there is much HFT occurring on ASX but there is far too much algo trading in stocks which aren't liquid enough to accommodate that type of trading. Just my opinion.
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I wanted to trade $40k of a Top 20 stock this week through a major platform ie Comsec,ETrade type and prepared to cross the spread.Guess what? Mysteriously I was gazumped in an instant !!!!!!!
