071: Eric Hunsader – Rigged Markets, Stealing and Corrupt Regulators w/ Founder of Nanex

Chat With Traders

Tessa Dao

Education, Business, Investing

4.9 • 2.3K Ratings

🗓️ 5 May 2016

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

A big guest on the podcast this week—a man who for many won’t need any introduction, he is; Eric Scott Hunsader. Eric started out as an algorithmic trader in the early 80’s, soon after became a self-taught programmer, and since then he’s written many software applications for financial data. But today, Eric is the founder of Nanex, a whole market streaming data feed, which transmits 20 billion data points every day. Well-known for speaking out against the many issues that surround high frequency trading, Eric will tell you straight; HFT firms are stealing money, exchanges have rigged the market, and the regulators that allow this type of activity to continue are corrupt individuals. Additionally we talk about quote stuffing, mini-flash crashes that occur on a daily basis, and why Eric recently received a $750,000 whistle-blower award from the SEC. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Chat with traders is sponsored by Trade the Pool.
0:03.6	Our concerns about limited buying power, insufficient capital,
0:07.3	or fear of losing your own money,
0:09.5	preventing you from advancing your trading capabilities.
0:12.4	Trade the Pool is an online stock trading prop firm
0:15.8	that offers funding for stock traders.
0:18.1	Demonstrate your skills, trade their capital,
0:21.0	and keep your profits.
0:22.5	You can engage in intraday trading,
0:24.9	and now swing trading on Trade the Pool.
0:27.8	With any US stock or ETF,
0:30.3	the procedure is straightforward.
0:31.9	Pay in evaluation fee,
0:33.4	successfully complete the evaluation, and get funded.
0:36.8	Visit tradethepool.com forward slash chat to learn more.
0:44.6	Markets, speculation, and risk.
0:47.3	This is the Chat with Trader's podcast,
0:49.8	hosted by Aaron Feifield.
0:53.1	What's up Tridus?
0:54.0	Welcome to episode number 71.
0:56.0	Thank you very much for tuning in.
0:58.4	A big guest on the podcast this week.
	...

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