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blog.themistrading.com blog.themistrading.com

Announcing… a Brand New Dark Pool! Our Very Own Themis Match!

http://blog.themistrading.com/2015/04/announcing-a-brand-new-dark-pool-our-very-own-themis-match

Announcing… a Brand New Dark Pool! Our Very Own Themis Match! Announcing… a Brand New Dark Pool! Our Very Own Themis Match! Today marks a pivotal day in Themis Trading’s history. Today, we finally take our knowledge of market structure – of how all the pieces of supply and demand fit together and we use it to create a product that wins for everybody. Today, we launch our new dark pool. Works, we have enlisted the help of our old friends, Fred and Ethel! Take it away guys. Guys, this is genius! And given ...

blog.themistrading.com blog.themistrading.com

Themis Trading - Part 94

http://blog.themistrading.com/page/94

On the eve of Thanksgiving, we want to wish all of our friends, clients, and their families a safe and happy Thanksgiving holiday. Spending loving time with friends and family, being thankful for our blessings, and having a special day set aside to do exactly that is truly one of America’s best traditions. Please be safe this coming long weekend, and Go Jints! The FNM Dollar Store. OK Uncle. Still think there is no problem? Paradox of Volume…. BBC HFT documentary (Themis featured). The purpose of our blo...

blog.themistrading.com blog.themistrading.com

April, 2015 | Themis Trading Blog

http://blog.themistrading.com/2015/04

Where Were The Regulators? The UK Flash Crash Spoofer Case Brings More Questions Than Answers. Some Questions About The BATS Exclusive Listing Proposal. Announcing… a Brand New Dark Pool! Our Very Own Themis Match! Avatars by Sterling Adventures. Themis Trading is an independent, no-conflict, institutional agency brokerage firm specializing in equities. The purpose of our blog is for a discussion of market structure issues as well as general market commentary. Click here for Joe's Twitter account.

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Themis Trading - Part 2

http://blog.themistrading.com/page/2

We read a lot of market structure academic papers and often end up poking holes in them for various reasons including poor data sets and conflicted industry sponsorship. We like to point out these conflicts because many of these papers are often touted by the pro-high frequency trading crowd as evidence that they are not doing anything wrong. A new academic paper titled “Phantom Liquidity and High Frequency Quoting”. Before telling you what the (more…). Other Voices Speak Out. The purpose of our blog is ...

blog.themistrading.com blog.themistrading.com

January, 2015 | Themis Trading Blog

http://blog.themistrading.com/2015/01

HFT “White Hats” or “Black Hats”? Why Did It Take The SEC So Long To Discover The UBS Dark Pool Violations? New SEC Equity Market Structure Advisory Committee). 8220;HFT Influence” – The Real Story Behind the Latest Stock Exchange Fine. NASDAQ, Dark Pools, Flip Flops, and Industry Advice in General. Avatars by Sterling Adventures. Themis Trading is an independent, no-conflict, institutional agency brokerage firm specializing in equities. Click here for Joe's Twitter account. By Edwin Lefèvre.". Bibliophi...

blog.themistrading.com blog.themistrading.com

Why A Flash Crash Can Happen Again

http://blog.themistrading.com/2015/05/why-a-flash-crash-can-happen-again

Why A Flash Crash Can Happen Again. Why A Flash Crash Can Happen Again. What have regulators done since the Flash Crash? 8211; November 2010 – Removal of stub quotes. 8211; July 2011 – Sponsored Access (Market Access Rule 15c3-5) risk management controls for brokers who sponsor access. 8211; May 2012 – Limit up/Limit down (5%,10%, 20% depending on market cap). Also, updated market wide circuit breakers (7%, 13% and 20%). Why can a Flash Crash still happen? 8211; Market makers are good at managing their o...

blog.themistrading.com blog.themistrading.com

Open Letter to SEC Market Structure Advisory Committee on Encouraging Diverse Displayed Liquidity

http://blog.themistrading.com/2015/05/open-letter-to-sec-market-structure-advisory-committee-on-encouraging-diverse-displayed-liquidity

Open Letter to SEC Market Structure Advisory Committee on Encouraging Diverse Displayed Liquidity. Open Letter to SEC Market Structure Advisory Committee on Encouraging Diverse Displayed Liquidity. This morning the SEC’s seventeen member Market Structure Advisory Committee (MSAC) will meet for the first time, and they will be discussing and debating Reg NMS’s Rule 611. We wanted to remind them that this is a worthy goal especially incentivizing diverse displayed liquidity. We already have high frequency ...

blog.themistrading.com blog.themistrading.com

May, 2015 | Themis Trading Blog

http://blog.themistrading.com/2015/05

Academic Paper: Ultra-fast Quoting Reduces Liquidity. Commissioner Luis Aguilar’s “US Equity Market Structure: Making our Markets Work Better For Investors”. Open Letter to SEC Market Structure Advisory Committee on Encouraging Diverse Displayed Liquidity. Here Is What You Need To Know About The Tick Size Pilot Program. Why A Flash Crash Can Happen Again. The NYSE Invisible Order That Ain’t Invisible! Avatars by Sterling Adventures. Click here for Joe's Twitter account. By Sal Arnuk and Joe Saluzzi and t...

blog.themistrading.com blog.themistrading.com

August, 2014 | Themis Trading Blog

http://blog.themistrading.com/2014/08

Is Test Group 3 of the Tick Size Pilot Program Being Set Up To Fail? ALS Ice Bucket Challenge – High Frequency versus Low Frequency! Bart Cheetah Chilton Now Loves the Kitties! All Yous Guys Pay Up! Response to Larry Tabb Open Letter to Senator Levin). The Uber Frequency Trader Part II. The Uber Frequency Trader. IEX, Diversion Tactics, and the New Market Share HFT Math! SEC Reg. SCI Doesn’t Apply To Citadel? The SIP – Yogi Berra: Nobody Goes There Anymore…. Avatars by Sterling Adventures. Which overlaps...

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Find out how stock-trading REALLY takes place today, and the damage it has done to capital formation. How High Frequency Trading and Predatory Practices on Wall Street are Destroying Investor Confidence. The real truth about the stock market is that a small consortium of players is making billions by skimming and scalping unaware investors - and, in so doing, they've transformed our markets from the world's envy into a fragmented mess rife with conflicts of interest.".

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A topnotch WordPress.com site. Skip to primary content. Skip to secondary content. April 14, 2014. 8220;Through the first two months of the year, long/short equity hedge funds and mutual funds were neutral the market but long growth stocks, which helped underpin outperformance through the January-February sell-off. The rotation out of growth and into value starting in early March hurt and funds were forced to unwind positions.”. 8220;Whatever it takes”. April 14, 2014. April 14, 2014. April 14, 2014.

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The CDS Weblog – An estranged vent on the hobby called roleplay

An estranged vent on the hobby called roleplay. A faith pitch : The mind is hollow. Imagine it a bit like a Jehovah witness coming to the door, to sell faith. Though what faith undermines their own sell? Or worse, imagine a philosopher coming to your clean door step? And he says that’s part of it – you can’t see into the box and you can’t even see that there is a box. That’s how black it is! But this black box the fool is talking about? But being told you can’t look! That’s just rubbish! What’s in ...

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