Patrick or better known as Fat88trader, posted an interesting article about algorithm trading. Reading his recent posts gave me the feeling that he is disturbed by algo trading. Being a veteran trader in the Singapore Futures market, he has vast experience and can speak the reality better than anyone. Through these 2 posts (here and here), you can see that algo trading is making life difficult for the professional traders.
Quoting from his 2 posts,
“Spreaders and Scalpers blamed the Algos, they are most affected by the advance in computer technology, losing their most important edge, “speed”. Short term traders are increasingly finding it difficult to survive, the Algos distort the market. I believe it’s still the big boys who are able to control the market and very efficiently with their speed and size to pulverise the small time traders.”
“Scalping is getting very tough, very …