About the author

Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing a trading program’s strategy and mapping it to a market environment and performance driver. He provides analysis of managed futures investment performance and commentary regarding related managed futures market environment. A portfolio and industry consultant, he was an adjunct instructor in managed futures at Northwestern University / Chicago and has written or edited three books, including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008). Mark was director of the managed futures division at Alaron Trading until they were acquired by Peregrine Financial Group in 2009, where he was a registered associated person (National Futures Association NFA ID#: 0348336). Mark has also worked as a Commodity Trading Advisor himself, trading a short volatility options portfolio across the yield curve, and was an independent consultant to various broker dealers and futures exchanges, including OneChicago, the single stock futures exchange, and the Chicago Board of Trade. He is also Editor, Opalesque Futures Intelligence and Editor, Opalesque Futures Strategies.

  • Nicholas Bilaczenko

    See my Youtube videos “Etrade’s Faulty Consumer Product”

    On occasions Etrade’s electronic share trading malfunctions are so bad that trading in all 2,200+ ASX companies are effected, compromising the integrity of the Australian financial market and creating dozens of share price spikes on the All Ords index through out the whole day’s trading. [ see videos CD exhibits 003a, 003b and 016]. Malfunctions of financial detriment occur in several different ways.
    The Etrade electronic trading systems are self perpectuating, meaning the malfunctions feed of itself to keep in a cycle of permanant trading systems malfunction, the reader must remember that the Australian Financial Markets are live streaming, continous unbroken financial data and when Etrade’s electronic share trading systems malfunctions occur the Australian Financial Market does not stop for Etrade’s processing to catch up. All investors Buy, Sell , cancellations and price amendments stop being processed and those incomming Market Orders build into a mountainous back log of unprocessed market orders. Etrade’s electronic share trading systems automatically attempts to process those back logged market orders, a hugue number of back logged Market Orders are processed over a very short time of several seconds,and enter into the markets as share trade spikes that are seen on the All Ords index, Because Etrade’s trading systems are totally overwhelmed and overloaded with backlogged Market Orders, Etrade’s electronic share trading systems is unable to recover from a perpectual cycle on again, off again trading systems malfunctions.
    Etrade’s back log of market orders results in excessive delays by up to 10 to 20 + minutes in those order instructions from being processes and while trading for the rest of the Australian financial market continues with share prices fluctuating by the time those orders are eventually processed they are executed at different share price to when those order instructions were initially first entered into Etrade’s Ordering Process, they may execute at the wrong share prices and or the market orders miss their target share price and fail to execute.
    To compare the seriousness and significance of Etrade’s electronic share trading systems malfunctions effecting all Market Order processing. ASIC enforceable undertaking 13-365MR and a $1,000,000 penalty [ exhibit ] relates to the trading in 1 company the NAB (National Australia Bank) creating a share price spike in the Australian financial market (All Ords index) by comparison Etrade’s releasing of orders into the market in surges have created dozens of share prices spikes over the course of the days trading effecting not only NAB but trading in all 2,200 ASX companies.

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