Exposing the "cheats" on Wall St w/ Haim Bodek (The Wall Street Code & Dark Pools)

EP 049: Exposing the "cheats" on Wall Street, with HFT (high frequency trading) whistle-blower & market structure mastermind - Haim Bodek (featured in The Wall Street Code & Dark Pools)
* More interviews: chatwithtraders.com
* Free eBook: chatwithtraders.com/17lessons
* Twitter: / chatwithtraders
* Facebook: / chatwithtraders
* Instagram: / chatwithtraders_
* Soundcloud: / chat-with-traders
* Sitcher: www.stitcher.com/podcast/chat-...

[@arnav145]

this person is awesome, he is a pool of knowledge of market microstructure. thanks a lot chat with traders, really appreciate your efforts to educate retail traders about financial markets and trading. keep up the great work.

[@ChatWithTradersPodcast]

+Arnav Sharma you're most welcome Arnav. I was stoked Haim agreed to an interview, I learned a lot from him.

[@TC-cv1dg]

Arnav Sharma did you evem listen to the show...he was a programmer hacking a competitive advantage that lost millions of others peoples money...then told on everyone else.

[@gameshot586]

SCD wcwd cscscwdxdxdxqsc

[@Tradecraftacademy1]

Thanks, Aaron, I am almost finishing all parts of your podcast.

[@truthaboveall7988]

its now 2021 & dark pools abuse has grown to 45-90% of total vol. the absolute destruction of the LIT mrkt.

[@canitbe..8128]

It’s disgusting that the US govt does absolutely nothing about it

[@stardust6004]

MOASS will fix that - don’t worry

[@drizzle335]

Why do these have so few of views did the SEC bury it in some algorithm???

[@Kelberi]

Aaron, another brilliant podcast from you! I have one burning question I hope you or Haim could answer; for US equities, the volume that appear on our data feed, how much more went undetected because of market maker absorption (CFD)? If possible, I would love to know the rough ratio just to gauge the size of the market. Thanks in advance!

[@Skalete1]

This is a remarkable channel, thank you so much for getting Haim on here and giving people access to this pool of knowledge.

[@ChatWithTradersPodcast]

+Ivan Rogachyov - I appreciate the kind words, Ivan. If you liked this interview with Haim, you might also like the interview I did with Eric Hunsader from Nanex: chatwithtraders.com/ep-071-eric-hunsader/

[@HeavyProfessor]

Chat With Traders love eric hunsader

[@Tampa0123456789]

What will be the effects of the block chain?

[@ra8620]

Thanks for bringing back democracy on the Wall Street and millions of retailers on your side .

[@brendanlydon5272]

22 minute mark very important. Arbitrage really is only achievable if you can effectively execute a strategy consistently. Backtesting and execution are two entirely different things and oftentimes strategies that work in a backtest cannot execute consistently in real practice. I’ve found that it can be difficult to guarantee a fill without significant slippage on strategies that work solidly and simply in a backtest. Will continue to try and achieve this, but nevertheless been addicted to this series of talks with the guys from the Wall Street code doc.

[@el6178]

You must have a stomach made of concrete for this game.

[@mikestarks8464]

I agree with Haim except that most of these firms (market makers, exchange, experts, etc) KNOW they are breaking the law...not bending the rules. We refer to these guys as the smartest in the world...there's a reason...they know how to break laws while making it look 'accidental' .

[@rebr8073]

For someone whose new to trading, how should one utilize this information?

[@mdraihanulferdous5036]

Very relevant todate

[@habibbialikafe339]

shoulda added his links in your description for the video smart guy

[@Dian_Guang]

dark pool of knowledge :)

[@kiklocus4660]

im a retail trader, I always use market orders

[@revenge9431]

hi can u interview david lauer? thx

[@ChatWithTradersPodcast]

+Mr International, he would be great, let me see what I can do...

[@IIIIALBYIIII]

1 tick move, divides the winners and losses - Haim Bodek

[@TTTTrisha]

Legendssss!

[@davidvenezuela2281]

Trisha Lee hi what state are you from?

[@schrodingerscat3912]

i know, the only guy he hasnt interviewed is Fischer Black

[@getmandc]

who created the cheating system? Was this a joint effort that needed to be constructed between the exchanges and hedge funds?

[@deric916]

I think the mega brokers.. whoever coded the secret order routing codes.

[@elliotpolanco159]

why couldn't Haim just pause the trading until he figured out why the firm was losing money?

[@purpledragon4278]

Ep 49 Haim Even if your system works now you could be taken by surprise when the market rules have changed. Stay woke bro. HFT isn't too bad for us retail traders it's worse for market makers or other such firms.. If you wanna prove someone else is cheating you better prepare and work double what they're doing to make sure your accusations stick.

[@Hugo-xj2mj]

50:03 what did he say? "six a six" reports?

[@90deltaderivatives35]

606 reports my friend.

[@Hugo-xj2mj]

@@90deltaderivatives35 Thank you

[@TokyoTransit]

so how exactly Hide not slide was interacting with Haim's limit order?

[@ChatWithTradersPodcast]

+TokyoTransit - I'd suggest watching this documentary, The Wall Street Code, for more context: kzbin.info/www/bejne/oXe0e4Gbhql3fqM

[@TokyoTransit]

this documentary is critisized by Haim Bodek in your own interview

[@ChatWithTradersPodcast]

+TokyoTransit - Haim didn't criticise the documentary, he just mentioned the part about "guaranteed profit" was kinda lost in translation. It's a really good documentary!

[@TokyoTransit]

No, documentary was of low quality: sensational, shallow, in teh style of conspiracy theories and not revealing anything at all. So still the question remains: how exactly Hide not slide was interacting with Haim's limit order? Same question I had after reading Scott Patterson's Dark Pools, so please do not recommend me to read it again.

[@ChatWithTradersPodcast]

+TokyoTransit - in that case, you're best to ask Haim directly: haimbodek.com/contact.html

[@j99701]

Thier? Holi sheet, also Bodek, you said a whole lot of nothing in this interview. Explain to me how you are the victim and the hero of this story, all at the same time without sounding like a complete psychopath.

[@TC-cv1dg]

So what he said at 32:00 his blaming reflects the novice approach; that belief thinking 'what works today will always work.' He didnt keep up with the Exchange and the protocols it was running...that was his bread and butter. His bitching that they channed code which is exactly what he does, is a wolf in his own trap crying.

[@simeonbanner6204]

It's just sad, I can understand the intellectual challenge, but in the end it's negative for society. People like this Bodek whose brain could be working on climate change, caner, all those important things but instead is contributing to an industry that makes money from essentially contributing zero benefit to society.