I have no idea if the following boast is true, but, how is this algo driven trading performance remotely possible ?:
“The founder of Tradebot, in Kansas City, Mo., told students in 2008 that his firm typically held stocks for 11 seconds. Tradebot, one of the biggest high-frequency traders around, had not had a losing day in four years, he said.
11 second average holding time, and never a losing day in 4 years? Sounds like bullshit to me . . .