FTDS - Algorithmic (High Frequency) Trading Rears Its Ugly Head Again
2024-04-09 01:11:00 ET
Summary
- The glories of high-frequency trading were on full display last Thursday as the S&P 500 turned a 1% gain into a 1.2% loss for the day.
- It was all about the noise - the potential for a good jobs number being bad news for the prospects of a rate cut.
- Last Friday’s rebound may signify a change in the market’s perception about the course of Fed policy, letting good news be good news.
The Glories of the Algo
According to many sources ( “Wall Street gone wild” ) high frequency, algorithmic trading accounts for as much as 70% of the volume in stocks traded on the U.S. exchange....
Algorithmic (High Frequency) Trading Rears Its Ugly Head Again