High-frequency trading (HFT) coming to bitcoin

[MarketNeutral]

High-frequency trading isn't inherently unfair or unethical. It can be, but please make sure you know what you're talking about.

http://en.wikipedia.org/wiki/High-frequency_trading
http://www.investopedia.com/terms/h/high-frequency-trading.asp

Highly-levered, illiquid naked short selling low-volume altcoins? Yeah, that would be bad.
HFT? Go for it. Like bitcoin mining, faster tech yields more profits.

[itod]

Forget what you think you know.

The worlds HFT expert,

Eric Scott Hunsader
Twitter: @nanexllc

Go to nanex.net

Help me clear this one: johncitizen == Eric Scott Hunsader?

[Nagle]

Atlas AFT is not "professional". They're just another marginal "exchange". Read the Atlas terms and conditions.

* Customer funds segregated from company funds - NO.
* Right to sue - NO, forced binding arbitration.
* Right to class action - NO.
* Published outside audit - NO.
* Published financial statements - NO.
* Member of regulatory association like FINRA - NO.
* SEC registered broker-dealer - NO.
* Customer balances insured - NO.
* Permanent office address (Utah): NO (50 West Broadway, Suite 1000 Salt Lake City is a "virtual office" rental space.)
* Permanent office address (NY): PROBABLY NOT.
* Accepts responsibility for assets losses due to own negligence - NO.  ("IN NO EVENT SHALL WE ... BE LIABLE FOR ... DAMAGES, ... RESULTING FROM ... UNAUTHORIZED ACCESS TO OR ALTERATION OF YOUR TRANSMISSIONS OR DATA;  ...  OR (IV) ANY OTHER MATTER RELATING TO THE SERVICES.")

Those are worse terms than Mt. Gox had. This matters.

Co-founders:
* Shawn Sloves - Business Week profile   SEC filing for previous unsuccessful startup, Global Over The Counter Bulletin Board LLC

Yes, they're registered with FinCen. (#31000033855084) As of today. The address they gave FinCen is the Greenwich Village Mail Center.

This looks like a couple of guys in shared office space just starting out. They probably shouldn't be entrusted with your money.

[corebob]

Exciting times. The old era is rigging their cannons at the new.
I'm sure the bitcoin developers are exited. Its the perfect stress test.
If this gets big chances are that weaknesses of all kinds will appear and there will be a lot to learn, if it survives long enough.

The question is, are ordinary users going to move to other coins when the blockchain gets too big to handle?

[niner]

"Their goal is to facilitate bitcoin trading by large financial institutions."

source: http://www.coindesk.com/perseus-telecom-launches-digital-currency-initiative-integrated-exchange/

[Nagle]

"Their goal is to facilitate bitcoin trading by large financial institutions."

source: http://www.coindesk.com/perseus-telecom-launches-digital-currency-initiative-integrated-exchange/

That's what Tradehill said too. Didn't work out for them.

If you want to run an exchange for big transactions, you need sizable capital of your own, or no one with real money will trust you.

[Swordsoffreedom]

This irritates me although if you look at the charts I think someone beat them to it already the spreads are very jagged and square shapes
Characteristic of an HFT bot

I just got done explaining why "HFT" barely effects price.  What chart are you talking about anyway?

Well after Gox died the HFT effect faded again but I was referring to
http://markets.blockchain.info/

If you were watching intra day trading a few weeks ago you could clearly see the trading patterns of API

[johncitizen]

Forget what you think you know.

The worlds HFT expert,

Eric Scott Hunsader
Twitter: @nanexllc

Go to nanex.net

Help me clear this one: johncitizen == Eric Scott Hunsader?

No, johncitizen is not Eric Scott Hunsader.