The orders resting on BATS were typically just the 100-share minimum required for an order to be at the front of any price queue, as their only purpose was to tease information out of investors. The HFT firms posted these tiny orders on BATS-orders to buy or sell 100 shares of basically every stock traded in the U. S. market-not because they actually wanted to buy and sell the stocks but because they wanted to find out what investors wanted to buy and sell before they did it. BATS, unsurprisingly, had been created by high-frequency traders.
Michael Lewis (author)Related topics
buy find front information minimum order price purpose queue resting sell stock tease tiny 100 bats hft stocksRelated quotes
...well over half of the time you spend working on a project (on the order of 70 percent) is spent thinking, and no tool, no matter how advanced, can think for you. Consequently, even if a tool did everything except the thinking for you – if it wrote 100 percent of the code, wrote 100 percent of the documentation, did 100 percent of the testing, burned the CD-ROMs, put them in boxes, and mailed them to your customers – the best you could hope for would be a 30 percent improvement in productivity. In order to do better than that, you have to change the way you think.
Fred Brooks
In view of the vast size of the occupied areas in the East the forces available for establishing security in these areas will be sufficient only if all resistance is punished not by legal prosecution of the guilty but by the spreading of such terror by the occupying power as is appropriate to eradicate every inclination to resist among the population. The competent commanders must find the means of keeping order not by demanding more security forces but by applying suitable Draconian methods.
Alfred Jodl
But just as it sometimes happens that the most temperate people, who have never acquired the habit of drinking alcohol, or even a taste for it, are tormented by the fear that somehow or other they will one day find themselves drunk, so Isabelle perpetually feared that she might be betrayed into an impulsive act that was destructive to such order as reason had imposed on life. Therefore she was forever running her faculty of analysis over in her mind with the preposterous zeal of an adolescent running a razor over his beardless chin.
Rebecca West
Americans are good people. They have no aggressions against us and they like us as we like them. They must know I don't hate them. I love them.... I hear it is a complex society inside. Many Americans don't know about the outside world. The majority have no concern and no information about other people. They could not even find Africa on a map. I think Americans are good, but America will be taken over and destroyed from the inside by the Zionist lobby. The Americans do not see this. They are getting decadent. Zionists will use this to destroy them.
Muammar Gaddafi
It has always seemed to me that the social order was implicit in the very nature of things, and required nothing more from the human spirit than care in arranging the various elements; that a people could be governed without being made thralls or libertines or victims thereby; that man was born for peace and liberty, and became miserable and cruel only through the action of insidious and oppressive laws. And I believe therefore that if man be given laws which harmonize with the dictates of nature and of his heart he will cease to be unhappy and corrupt.
Louis Antoine de Saint-Just
