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Market Manipulation ??


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#1 dwnowhere1

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Posted 13 August 2018 - 06:45 PM

The following are some issues I've pondered over the last 25 years.

I've queried the CFTC several times on this over the years but never received a response.

Curious as to what others may think.

 

When we went to all these computerized trading platforms, IMHO, we gave the vendors the keys

to the kingdom.  Since most integrated platforms provide both a datafeed and the ability to take orders

and provide fills, all ones efforts are consolidated into a single entity.  I used to split my datafeed

from my orders by using two separate firms.  However I stopped when MFGlobal went south.

 

The issues I have are:

1)   Vendors trading their own accounts which IMHO creates a conflict of interest between

       themselves and their customers.

2)   The ability of the vendor to see customer order flow and from that get a better idea as

      what position to take for their own account(s).

3)  The ability of the vendor to slow the datafeed to it customers, thereby limiting them to

      get filled or get a good fill in a fast market.   For example by the time the customer receives

      its data and places the order the price is out of the customers trade window..

4)   The ability of the vendor to glean proprietary trading indicators especially on those platforms

       that allow self development.

5)  The restricting (suggestion to use) of market orders in favor of limit, and if one uses market,

     fills "may be" worse.  Is there a way to determine whether this is a function of the vendor or the

     market itself?

 

My2Cents


Edited by dwnowhere1, 13 August 2018 - 06:50 PM.


#2 alexnewbee

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Posted 14 August 2018 - 08:36 AM

IMHO, this subject is as old as the hills. And possibly there is no way to solve it more or less fair.


"we do G.d's work" Lloyd Blankfein

#3 NAV

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Posted 14 August 2018 - 11:48 AM

Yes markets have been manipulated since the dawn of mankind. But it's a non issue, in so far as your trading bottom-line is concerned.


"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#4 q4wer

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Posted 14 August 2018 - 09:46 PM

it is a everyday event