Top 25 Most-Favored Stocks In High Frequency Trading
By Barry Ritholtz - June 15th, 2010, 9:00AM
From Institutional Investor, comes this list of favored HFT names:
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| Favorites High Frequency US Trading Stocks, 2008-10 | |
| Company Name (symbol) | Trading Volume (millions of shares) |
| Citigroup (C) | 507.8 |
| Ford Motor Co. (F) | 132.7 |
| Bank of America Corp. (BAC) | 116.7 |
| General Electric Co. (GE) | 90.3 |
| Intel Corp. (INTC) | 73.0 |
| Pfizer (PFE) | 71.5 |
| Sprint Nextel Corp. (S) | 68.2 |
| Microsoft Corp. (MSFT) | 64.8 |
| Cisco Systems (CSCO) | 55.2 |
| Wells Fargo & Co. (WFC) | 45.4 |
| JPMorgan Chase & Co. (JPM) | 44.4 |
| Las Vegas Sands Corp. (LVS) | 39.6 |
| Alcoa (AA) | 38.3 |
| AT&T (T) | 30.9 |
| Oracle Corp. (ORCL) | 30.4 |
| Regions Financial Corp. (RF) | 29.5 |
| Exxon Mobil Corp. (XOM) | 29.4 |
| Fannie Mae (FNM) | 29.2 |
| Motorola (MOT) | 26.8 |
| Yahoo! (YHOO) | 26.6 |
| Dell (DELL) | 26.4 |
| EMC Corp. (EMC) | 24.3 |
| Apple (AAPL) | 23.7 |
| Morgan Stanley (MS) | 21.2 |
| Home Depot (HD) | 18.8 |
| Source: Woodbine Associates, Yahoo! Finance. *Average daily trading volume for March through May 2010. |
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June 15th, 2010 at 9:23 am
Who’s got balls to out-front-run the SkyNet?
June 15th, 2010 at 9:59 am
Perhaps it,s a good idea to put some GTC orders 80% under the market. With another “flash” crash you might get filled. The fact the exchanges will probably cancel your trade is a whole other matter.
June 15th, 2010 at 10:59 am
This is a great chart, may explain some of the erratic movement of C over the past year or so.
June 15th, 2010 at 11:58 am
So basically individual investors should not be in the largest, most liquid names. Good times.
June 15th, 2010 at 1:32 pm
So are these the ones we should avoid or are these the ones we should set ultra low bids on for the future?
June 15th, 2010 at 1:41 pm
I do!
BVN forever! I’ll be rich, richarific, I tells ya, richarooney!
All you quants can’t do nothing to BVN! Go ahead, just try it ya lily-livered math nerds!
June 15th, 2010 at 1:44 pm
While yer at it, 32.64 seems like a nice #. Obrigado.
June 15th, 2010 at 8:43 pm
Yep…that’s pretty much what I see the Wall St. Shills promoting all over the Internets from Yahoo.com to CNBC..and even over on Bloomberg.
They always are hoping to get us “Retailers” in there so they can fleece us.
It’s good that the “Retail Sheep” seem to be “Pushing Back” and not being herded to go off the ledge.
(OOPS…it’s “lemmings” that “run over the edge”…..the Sheep are still herded.
Not sure where the RETAIL belongs on this.. They are hoping for Lemmings but they’ve got “errant” Sheep?
LOL’s just being funning.
June 16th, 2010 at 12:42 am
I think that dollar amount would be the best way to measure this, even for HF trades. A quick (and inexact) calculation of the rough dollar amounts of shares moved results in:
1. AAPL (far ahead)
2. C
3. XOM
4. BAC
5. JPM
Number of shares does not carry that much weight when prices are not considered. At the volumes these firms are traded, it does not make for a difference in liquidity, just acceptable order size.
June 16th, 2010 at 7:05 am
Ah, Citi.