Author Archives: Quantum Tom

I thought we’d have another decade or two until the machines took over. The scariest part of this single program was that its millions of quotes accounted for 10 percent of the bandwidth that is allowed for trading on any given day, according to Nanex. (The size of the bandwidth pipe is determined by aContinue reading “Four Percent of all NASDAQ Trades Last Week Attributed to Single Mystery Algorithm; Robo-trader Consumed 10% of Network Bandwidth”