University student Spencer Singleton is among a growing band of amateurs turning to computer-driven automated stock trading—until now the preserve of hedge funds and mega brokers—and says he’s beating the market. Texas-based Singleton won a contest last July run by an algorithmic investing website to write trading programs. The site, Quantopian, gave him $100,000 to put his model into action for six months and told him to keep any profits. >>> Read the full article @ Fortune
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Flash boys, dark pools, SOES Bandits, stock market rigging, 2010 flash crash, co-location, algorithmic trading, ghost liquidity, Black Monday, The Hummingbird Project, 2008 financial crisis – welcome to the never-ending adventures in the land of High-Frequency Trading (HFT). Hosted by Rob Smit from the university town of Leiden, The Netherlands, since 2019.
