Breaking News

okmd.net - Informationen zum Thema okmd.

How to beat high-frequency traders

‘; var fr = document.getElementById(adID); setHash(fr, hash); fr.body = body; var doc = getFrameDocument(fr); doc.open(); doc.write(body); setTimeout(function() {closeDoc(getFrameDocument(document.getElementById(adID)))}, 2000); } function renderJIFAdWithInterim(holderID, adID, srcUrl, width, height, hash, bodyAttributes) { setHash(document.getElementById(holderID), hash); document.dcdAdsR.push(adID); document.write(”); } function renderIJAd(holderID, adID, srcUrl, hash) { document.dcdAdsAA.push(holderID); setHash(document.getElementById(holderID), hash); document.write(” + ‘ript’); } function renderJAd(holderID, adID, srcUrl, hash) { document.dcdAdsAA.push(holderID); setHash(document.getElementById(holderID), hash); document.dcdAdsH.push(holderID); document.dcdAdsI.push(adID); document.dcdAdsU.push(srcUrl); } function er_showAd() { var regex = new RegExp(“externalReferrer=(.*?)(; |$)”, “gi”); var value = regex.exec(document.cookie); if (value value.length == 3) { var externalReferrer = value[1]; return (!FD.isInternalReferrer() || ((externalReferrer) (externalReferrer 0))); } return false; } function isHome() { var loc = “” + window.location; loc = loc.replace(“//”, “”); var tokens = loc.split(“/”); if (tokens.length == 1) { return true; } else if (tokens.length == 2) { if (tokens[1].trim().length == 0) { return true; } } return false; } function checkAds(checkStrings) { var cs = checkStrings.split(‘,’); for (var i = 0; i 0 cAd.innerHTML.indexOf(c) 0) { document.dcdAdsAI.push(cAd.hash); cAd.style.display =’none'; } } } if (!ie) { for (var i = 0; i 0 doc.body.innerHTML.indexOf(c) 0) { document.dcdAdsAI.push(fr.hash); fr.style.display =’none'; } } } } } if (document.dcdAdsAI.length 0 || document.dcdAdsAG.length 0) { var pingServerParams = “i=”; var sep = “”; for (var i=0;i 0) { var pingServerUrl = “/action/pingServerAction?” + document.pingServerAdParams; var xmlHttp = null; try { xmlHttp = new XMLHttpRequest(); } catch(e) { try { xmlHttp = new ActiveXObject(“Microsoft.XMLHttp”); } catch(e) { xmlHttp = null; } } if (xmlHttp != null) { xmlHttp.open( “GET”, pingServerUrl, true); xmlHttp.send( null ); } } } function initAds(log) { for (var i=0;i 0) { doc.removeChild(doc.childNodes[0]); } doc.open(); var newBody = fr.body; if (getCurrentOrd(newBody) != “” ) { newBody = newBody.replace(“;ord=”+getCurrentOrd(newBody), “;ord=” + Math.floor(100000000*Math.random())); } else { newBody = newBody.replace(“;ord=”, “;ord=” + Math.floor(100000000*Math.random())); } doc.write(newBody); document.dcdsAdsToClose.push(fr.id); } } else { var newSrc = fr.src; if (getCurrentOrd(newSrc) != “” ) { newSrc = newSrc.replace(“;ord=”+getCurrentOrd(newSrc), “;ord=” + Math.floor(100000000*Math.random())); } else { newSrc = newSrc.replace(“;ord=”, “;ord=” + Math.floor(100000000*Math.random())); } fr.src = newSrc; } } } if (document.dcdsAdsToClose.length 0) { setTimeout(function() {closeOpenDocuments(document.dcdsAdsToClose)}, 500); } } }; var ie = isIE(); if(ie typeof String.prototype.trim !== ‘function’) { String.prototype.trim = function() { return this.replace(/^s+|s+$/g, ”); }; } document.dcdAdsH = new Array(); document.dcdAdsI = new Array(); document.dcdAdsU = new Array(); document.dcdAdsR = new Array(); document.dcdAdsEH = new Array(); document.dcdAdsE = new Array(); document.dcdAdsEC = new Array(); document.dcdAdsAA = new Array(); document.dcdAdsAI = new Array(); document.dcdAdsAG = new Array(); document.dcdAdsToClose = new Array(); document.igCount = 0; document.tCount = 0; var dcOrd = Math.floor(100000000*Math.random()); document.dcAdsCParams = “”; var savValue = getAdCookie(“sav”); if (savValue != null savValue.length 2) { document.dcAdsCParams = savValue + “;”; } document.dcAdsCParams += “csub={csub};”; var aamCookie=function(e,t){var i=document.cookie,n=””;return i.indexOf(e)-1(n=”u=”+i.split(e+”=”)[1].split(“;”)[0]+”;”),i.indexOf(t)-1(n=n+decodeURIComponent(i.split(t+”=”)[1].split(“;”)[0])+”;”),n}(“aam_did”,”aam_dest_dfp_legacy”);

Trade execution firm BestEx’s founder and director, Phil Weinberg, has compiled six practical tips for dealing with HFT in Australia, aimed at helping investment managers trading domestic and/or international equities.

■ 1. Ensure that you have a basic understanding of the types and strategies of HFT, the way different brokers rout orders, the brokers that facilitate HFT in their dark pools and the impact of trading with HFT on your performance.

■ 2. Execute exclusively through “smart” brokers and use tools that specialise in searching for liquidity without signalling your intentions to the market. HFT will prey on the most vulnerable managers and brokers.

■ 3. Avoid submitting round lot orders that signal to HFT the presence of a human operator. The size of each order placed into the market should be randomised.

■ 4. Avoid giving volume-weighted average price (VWAP) or participation rate instructions (that is, “percent of volume” or “over the day”). These types of orders follow a predictable trading schedule and are easily picked off by HFT. Instead, determine the optimal execution that fits the prevalent market conditions.

■ 5. Consider other ways to pay brokers for research if their execution methods are harming your performance.

■ 6. Choose trading venues that incorporate smart matching engines that benefit you more than the venue operator or other participants.




Special offers Powered by Mozo

Executive Style



Money


Mozo 2014

Trim thousands off your home loan

Motoring


Southern Highlands

Great drives: Southern Highlands

Real Estate


A different way to look at property

A different way to look at property

Dating


Couple in a piggyback pose

Australia’s Favourite Dating Site

Essential Baby


adam sandler

Guess who? Celebs as babies


Compare and Save

Skip to:

Check out today’s best deals

0% For 14 Months

Get 0% p.a. on balance transfers. Limited time offer

Cheap Personal Loan

Flexible terms for 10 years, no monthly fees

Looking To Buy?

Save $1000s on your home loan with rates from 4.51% p.a

GALAXY S5 Head to

Take a look at the new Galaxy S5 in detail

Head with HTC One M8

Compared against the new HTC One M8



Feedback Form







Related News

Leave a Reply

Your email address will not be published. Required fields are marked *

Categories
Archives

Copyr���±ght 2013 FUEL THEMES. All RIGHTS RESERVED.