Algorithmic Trading and Ethics

Alessio Farhadi posted “A.I. Trading – A Question of Ethics” on LinkedIn.  His main point is that machine learning and algos do not have ethics.  His thoughts may be overly influenced by the referenced Flash Boys book that painted the trading industry with a somewhat cynical brush. Just as AI technology…

Continue reading

Worlds of Opportunity: Talking with FINTECH interns in Chicago

“As you seek worlds of opportunity, look for areas in which there are problems, because if somebody is having problems, there are going to be opportunities.” — Tayloe Draughon, 2016 This talk was done in July of 2016 as part of the MarketsWiki Education conferences for interns in Chicago.    

Continue reading

Momentum Ignition: Arson for Financial Markets

ESMA has defined momentum ignition as a case of prohibited market manipulation. ICE Canada considers this to be disruptive, and so does the CME Group. One UK government report stated that momentum ignition will “induce algorithms to compete with other algorithms, can push prices away from fundamental values.”* This leads…

Continue reading