70% of All Stock Trades Held for Average of 11 Seconds (HFT) & Fed Plans to Pump Half Trillion $ into EconomyPosted on Oct 22, 2010 in Economic News
Market analyst Peter Cohan writes at AOL’s Daily Finance:
70% of trading volume on the major exchanges is conducted by high-frequency traders who hold a stock for an average of 11 seconds.
But as Tyler Durden points out, alot can happen in 11 seconds when the players are high-powered computers:
BATS “Flag Repeater”. 15,000 quotes in 11 seconds, dropping the ASK price 1 penny each quote from $9.36 to $8.58 and back up again.
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