Tradebot Systems, Inc. is one of the larger high-frequency equity trading firms in the US. Based in
Kansas City
The Kansas City metropolitan area is a bi-state metropolitan area anchored by Kansas City, Missouri. Its 14 counties straddle the border between the U.S. states of Missouri (9 counties) and Kansas (5 counties). With and a population of more th ...
,
Missouri
Missouri is a state in the Midwestern region of the United States. Ranking 21st in land area, it is bordered by eight states (tied for the most with Tennessee): Iowa to the north, Illinois, Kentucky and Tennessee to the east, Arkansas t ...
, they regularly account for 5% of the total trading volume in the US stock market. According to the founder,
Dave Cummings
Dave Cummings (born David Charles Conners, March 13, 1940 – October 5, 2019) who billed himself the "oldest living male pornstar".
Life and education
Born in Saratoga Springs, New York, Cummings' background is unusual for a porn actor: he re ...
, as of 2008, the firm "typically held stocks for 11 seconds", and "had not had a losing day in 4 years". That streak continued uninterrupted until 2018.
The firm was founded in 1999 and had an early relationship with fellow high-frequency trading shop Getco. In 2005 Cummings left Tradebot to start a new electronic market, which he called the Better Alternative Trading System. That market eventually became the BATS stock exchange. In 2007 Cummings left BATS to return to Tradebot. The firm is affiliated with Tradebot Ventures, Tradebot Properties, Tatora and Auxby.
In summer 2014,
New York
New York most commonly refers to:
* New York City, the most populous city in the United States, located in the state of New York
* New York (state), a state in the northeastern United States
New York may also refer to:
Film and television
* '' ...
Attorney General
Eric Schneiderman
Eric Tradd Schneiderman (born December 31, 1954) is an American lawyer and politician who served as the 65th Attorney General of New York from 2011 until his resignation in May 2018. Schneiderman, a member of the Democratic Party, spent ten year ...
accused
Barclays
Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services.
Barclays traces ...
of hiding that Tradebot was one of the largest participants in their
dark pool
In finance, a dark pool (also black pool) is a private forum (alternative trading system or ATS) for trading securities, derivatives, and other financial instruments.Companies based in Kansas City, Missouri
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