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Author Topic: High Frequency Trading in bitcoins  (Read 5045 times)
afbitcoins
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October 31, 2013, 09:48:37 PM
 #1

Just read this link about coinfloor, a new london exchange allowing high frequency trading.

http://finance.yahoo.com/news/london-bitcoin-exchange-opens-business-145000999.html

Wondered what people make of this? Could High Frequency Trading be a tool allowing big interests to push the price around or supress the price?
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October 31, 2013, 09:52:11 PM
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what exchange doesn't allow HFT? I did a lot of HFT on Mt Gox, even buying a dedicated server in japan at one point. So this is nothing new. Plus if we all remember bitfloor, they had the FIX api, which I would love to see in a new "trustworthy" exchange, then maybe I would get back into HFT again.

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October 31, 2013, 10:26:33 PM
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It maybe worth reading the following link related to coinfloor.

https://bitcointalk.org/index.php?topic=319741.msg3435075#msg3435075
Unluckyduck
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November 02, 2013, 12:05:16 AM
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They couldn't manipulate the price if people stopped selling en masse.
Rupture
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November 03, 2013, 05:45:20 AM
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Is there enough volume for HFT?
theonewhowaskazu
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November 03, 2013, 06:29:00 AM
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They can't directly manipulate the price, but they can try and trick people into manipulating the price for them.

So long as you don't lose your pants when you see weird volume & price action, and don't buy or sell irrationally, High Frequency Trading just turns into a gigantic out-botting competition like the NYSE does around the russell roll.

Jandur
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November 04, 2013, 09:01:03 PM
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I'm going to go out on a limb and say most exchanges don't have the volume nor the bandwidth to support true HFT. It will eventually happen though.
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November 04, 2013, 09:17:45 PM
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I've never seen a problem with HFT as long as everyone has access to do it.

Granted, if you don't have the ability to put it together I don't think that means you don't have access to it. If you have the skills no one should stop you if it exists as part of a system
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November 05, 2013, 01:19:31 PM
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Ask yourself if people so HFT on commodities. Like Gold. Platinum. Copper.

Now ask yourself if one does it on something with a market cap and volatile of BTC.
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