I would recommend to read the book "Flash Boys" by Michael Lewis.
I would recommed that you read ...
HFT with faster connections to the many purposefully disseminated exchanges is all about front running and even better if Black Pools are involved, then nobody is accountable for the scam, and ordinary people like pensioners loose greatly when the funds in which their put their 401(k) have to pay more due to being front run by the HFF boys.
I won't even begin to try with that one.
The next scandal waiting to explode is the whole mis-"management"??? of the private people funds like 401(k) set aside for the retirement, poor armies of hopeful, but stupidly innocent people will find that their honey pot is much smaller they hoped for. "Money Master the game" by Tony Robbins is a good introduction on that subject.
How backward are you calling those people "stupidly innocent". You sound even less intelligent on the subject than you make them out to be. Not everyone in the army is stupidly innocent.:-0:-0
HFF is unlikely to bother small traders whose orders are simply too small to front run them.
Simple questions remind still unanswered:
You seriously need to spell check or else use google translate, especially if you are going to look down upon somebody about something you clearly do not know enough about. Maybe you do and are having trouble articulating it. "
Simple questions still remain unanswered"
Why HFF firm exist? (for certain they are not charitable outfits to benefit your pension)
Pension funds and HFT firms have nothing to do with one another. Pensions are most likely not being managed by HFT firms. Pension fund managers have fiduciary responsibilties to their clients to not invest in such a risky manner. There isn't anything uncharitable about proprietary trading firms. They each have their place in the market.
Why there are Black Pools? (to churn your funds without you and any regulatory authority knowing anything about it, apart of knowing that it happens and it is allowed to happen
There is nothing inherently bad about "dark pools". They are so named because the details concerning the trades are not disclosed to the public. They are mostly just trades executed and cleared away from central exchanges. I posted earlier about Instinet, Liquidnet and NYFIX for dark pools vendors.
Where on Earth do you come up with this garbage? They are not black pools, they are dark pools. You need to find a better translator or write in your native language. I could see how a translator would translate dark and black. They are similar in many languages such as Japanese.
There are broker dealer dark pools: JPMX, LX Liquidity Cross, etc.
Consortium owned: BIDS
Exchange owned: NYSE Euronext, BATS, Turquoise, ...
...
Why there are so many exchanges trading that same securities? (So faster connections to these exchanges makes sense to HFT, otherwise speed will be of no advantage and if lets say a given security was trade-able only at one given exchange , there would be less likelihood of being front run:idea:
eek
No buddy, they wouldn't. Someone with low-latency access can place and execute a trade within 50 milliseconds. An algorithm watches the exchanges and sees a huge amount of orders entered into the limit order book for a given stock XYZ. For most traders, their orders will be executed much slower, especially if they use retail firms like TDAmeritrade, Charles Schwab, Trade Station, Options Express, and the like. The algorithm will see this and then place and execute trades before them. When the trades from the slower traders finally are executed it will cause a micro boom and bust effect, increases the value momentarily. The algorithm then sells out and causes the floor to drop out. Now the slower traders have bought higher. There is nothing wrong with this practice. Anyone with access can do this.
Surely whatever establishment there is, this arrangement prints licence for creaming activity like HFT and other "churning your account" common practices.
I still have not seen anything remotely resembling an explanation from you as to how you think this is "churning your account". Maybe you should take some responsiblity for your trade losses.
It does not matter where you are you need to choose very wisely how you invest, or trade and to whom you entrust your capital to be managed. Without doing homework on that you are most likely heading for great disappointment.
I think this should go without saying. If you haven't figured that last part out before trading, then you are seriously in need of some education and not just about finance.
