Can HFT 'Spoof' Gold Ahead Of Jobs? - Vince Lanci

Kitco News speaks with trading veteran Vince Lanci about high-frequency trading (HFT) and how he thinks this practice affects the gold market. Lanci says that although HFT is not all bad, there are several market participants that use ‘predatory behavior’ to disrupt the marketplace. “You will hear many proponents of HFT [say]…it adds liquidity,” Lanci says. “That’s not true, it is false liquidity.” Lanci adds that the ‘true liquidity providers’ are leaving the business and that’s how HFT can really ruin a market. Lanci also talks about “spoofing” and shares his personal encounters with this illegal HFT tactic. Watch now for more insights from Echobay Partners’ Vince Lanci on this latest edition of “RESET.” Kitco News, April 3, 2014. (show less)

Kitco News speaks with trading veteran Vince Lanci about high-frequency trading (HFT) and how he thinks this practice affects the gold market. Lanci says that although HFT is not all bad, there are several market participants that use ‘predatory behavior’ to disrupt the marketplace. “You will hear many proponents of HFT [say]…it adds liquidity,” Lanci says. “That’s not true, it is false liquidity.” Lanci adds that the ‘true liquidity providers’ are leaving the ... (read more)

Reset
Reset

Echobay Partners' Vince Lanci gives viewers the real deal in classic New York fashion - no holds barred and no restraints. The fast-paced world of trading is broken down to its simplest form as Vince really tells it like it is.

 

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