Recent content by rkr

Not necessarily true. In a way, options on futures are simpler because there's no "devops" complexity for handling dividends.

I would rank competing for talent at the top, probably ahead of strategy development, then finding allocators. Even if you have a streak of amazing performance out of the gate and an endless queue of allocators on the waitlist for your capacity, you run the risk that you're subsidizing training...

This isn't a good design pattern, you'll just pay most of your latency communicating to/from redis or rabbitmq. As others have pointed out, one possibility is to use boost bindings inside your Python application. I've used boost and it is tolerable, but I don't really like maintaining that...

If you already have experience in either language, pick whatever you're most familiar with. Iterate fast and build something that works first, then optimize for latency later. All else equal, and you're starting on a blank slate (I hope not), I generally recommend going with C++ for this. The...

IIRC 5M. If you're generating high turnover, capital requirements aren't so important. Capital requirements come more in play if e.g. you trade OTC, need to sign an ISDA etc.

ABN is good. If you just want lowest commissions for high volume, with good options for 15(c)3-5 layer, there's also Wedbush, BofA and UBS, in no particular order.

Just to be sure you crossed all the T's - the certs have a lifetime of 90 days, so I'd recommend you set up some kind of autorenewal process. Something like adding this to your Ubuntu instance's crontab: ``` 15 3 * * * /usr/bin/certbot renew --quiet ``` Alternatively I've had good experience...

I think it's OK to use a self-signed certificate for internal sites (e.g. behind VPN and you or only members in your organization are the only ones using it). The "Not secure" warning on your browser won't go away with a self-signed SSL certificate, but your traffic is still encrypted. But I...

I use Let's Encrypt mainly and also recommend it. If your websites/apps are already on AWS, I recommend AWS Certificate Manager (ACM) which also gives free SSL certs.

It's hard to answer your question because it seems that there's several inaccuracies in your assumptions and contextual knowledge, to the point that your question itself is invalid. From the perspective of the investment manager, any kind of requirement that requires you to formally register or...

I'm not a licensed attorney and you should seek qualified legal advice. That said, I've run a CPO firm under a 4.7 exemption. I've also had the same entity registered as a CTA, major swaps participant, and investment advisor (SEC) all at once. Needless to say, we traded all of the asset classes...

The SIPs consolidate the top of book of each venue at any time. i.e. This includes when said quotes are not at NBBO. In the conventional sense of the term, yes, you receive "level 1" of each venue through the CTA/UTP.

I subscribed to all of the exchanges' prop feeds directly.

Cboe does this. To denoise the closing imbalance. That's why I said it isn't so meaningful to do it for index options.

It's hard to do this very wrong for options EOD, just do whatever you're most familiar with. I think more importantly than the database or file system are the symbology and collection process itself. For options on futures, two obvious aspects of the symbology are the continuous contract...