HFT Defense on CNBC

Interview starts about 3mins into the video, Manoj Narang of TradeWorx does an excellent job of explaining what most HFT trading actually is and does so succinctly. Really impressive defense IMO and share with your not so enlightened breathern when they start blaming others and pointing fingers.


Regardless of the details, these sort of tail events happen much more often then would be predicted by a normal distribution. If that sounds obvious, well to 90% of the population, it still isn’t! The details will be different but similar results. Oh, and don’t you love how there HAS to be someone to blame??


~ by largecaptrader on May 9, 2010.

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