Alexander Osipovich
speaker
528 appearances
11 recordings
1 series
first heard Dec 2017
last heard Feb 2025
Alexander Osipovich’s voice in public audio — every appearance, attributed to the second.
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Appearances
And not only do they have some sense of trading in markets, but they also have the ability to write code.
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So it's not your everyday day trader.
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It is not your everyday day trader.
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I think what Alpha Trading Labs is calculating is that they may be able to get some people who are basically experienced coders or data scientists or people who used to work in high-frequency trading firms but left for one reason or another to participate through this online platform.
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It is not popular.
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High-frequency traders have tried to explain themselves and say that they're not wreaking havoc in the markets but they haven't really convinced the public in my view.
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The news most recently was that Bank of America Merrill Lynch paid a $42 million settlement to the state attorney general here in New York over allegations that it had secretly sent
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Client orders.
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So sort of orders, big stock orders placed by pension funds and asset managers to be executed by high frequency traders while telling those customers that we'll handle this ourselves internally.
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Yes.
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And that is sort of a no-no for big investors because essentially if you're a big pension fund and you want to execute a big trade, you ideally want to do it without telling high-frequency traders that you're doing that because then they can respond very quickly and adjust their pricing and trading activity in the markets.
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And the end result is that you get a worse price.
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If you wanted to buy, the price goes up away from you.
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If you wanted to sell, the price goes down away from you.
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Absolutely.
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And you also just have to be a devilishly smart person with a knack for writing computer code and decoding very complex market data to do it.
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WSJ Your Money Briefing · Trading at the NYSE is Sleepy, Until Just Before the Close · 16 Mar 2018
podcast
That's absolutely right.
Essentially, as the markets have gone overwhelmingly electronic, there's less of a need for the floor brokers and the floor traders at the NYSE.
However, because of certain quirks to the way that the New York Stock Exchange designed its systems, they come out in force for the close of the day, and they suddenly get a lot more active when 4 o'clock approaches.
Yeah, that's the biggest single reason why volumes at the close have risen over the past few years.
Showing 361–380 of 528 · page 19 of 27
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