see if you can get these:
(Might be pswd protected, I don’t think the ‘tickers’ are. Let me know if you can’t get to them. You should be able to get ZH)
http://market-ticker.org/akcs-www?post=193027&ord=2684880#2684880
Most of the NANEX stuff is here. It’s voluminous. They have charts showing tens of thousands of bids being offered for stocks, showing up in patterns that look like square waves on oscilloscopes, then being yanked at the bump in price all those fake bids are intended to produce are yanked.
http://www.nanex.net/FlashCrash/FlashCrashAnalysis.html
And we do NOT need new regulations on this. This stuff is black-letter-law illegal, right now. But it is never prosecuted.
Thank you.
I recall reading somewhere about how younger Texas Hold ‘em players have changed the game with statistical analysis - not of probabilities of an individual hand, but of win/loss over time. IIRC this leads to an aggressive all out play against the old timers, who are reported to be somewhat miffed (and broke).
I can’t find this article now, probably as I do not know enough about said game to search it well. But I get the idea from a brief perusal of your links that HFT trading is game changing in similar ways. I found people who think that it is a game that is played amongst only HFT groups, with little or no impact on longer term traders.
Looks more like the card game scenario - one set of people playing by rules that say go all in all the time, win big, lose big, win big again until the other competitors simply have no more money.
Looks like a good way to break the system, but what does that matter, as long as I got mine first?