SANTA BARBARA, Calif.--(BUSINESS WIRE)--HCMI announced today the release of HFT Alert, the first real time software designed to detect high frequency and algorithmic trading systems. HFT Alert identifies when these trading systems are running and what stocks are being affected. HFT Alert can detect several types of algorithms as well as stocks experiencing elevated quote rates associated with algorithmic trading.
More and more, trading is being dominated by algorithmic systems that now account for nearly 70% of daily volume. Many of these systems provide the liquidity that is essential for a functioning market. But some of these algorithms are designed to increase volatility and use their speed advantage in trading. This is why monitoring for algorithmic activity is so important, especially for portfolio managers and traders.
Features include symbol lists, audio alarms, color alerts and graphs that display the overall level of algorithmic activity across all exchanges. Unlimited symbol lists provide the flexibility to monitor only a list of stocks or highlight those among all the stocks HFT Alert identifies. Data is automatically archived so users can go back through any day’s activity.
“This is the first time software like this has been available,” says HCMI’s Steve Hammer. “Since the ‘Flash Crash’ last year, there has been much debate over algorithmic activity. Now, our software enables users to see this activity in real time.”
The subscription based service offers HFT Alert Lite, HFT Alert and HFT Alert Pro starting at $25 a month. Full descriptions and product videos are available at www.hftalert.com.
About HCMI
Located in Santa Barbara, Ca., HCMI develops market-related software and analytic systems. HFT Alert technology by Nanex LLC, Winnetka, Ill. Visit www.hftalert.com for more information.