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If everyone is selling, then it seems that the price should go down. As in the case of many of these financials -- the price did go down, as it should have, even with the short sale ban. And the end result was exactly what it should have been for any other bankrupt/nearly bankrupt company --...

That brings up an interesting point -- one might consider what trading platform you're going to use BEFORE deciding what language to use. Once you learn any one of Java, C#, or C++ at a middling level, it's also easy to learn any of the others at a middling level, as they share a (somewhat)...

Thanks for the link. The ban did seem to affect markets, in one way that's not discussed in that article: bid/ask spreads skyrocketed, making these securities much more expensive for liquidity takers to trade. Unable to hedge or offer to sell without stock, many participants simply refused...

I'm more inclined to give that title to Jack Treynor, who (along with several other quantitative finance pioneers) significantly predates Derman. Simmons seems to be the most financially successful of all quant managers ("king of the quants", maybe?), even though it seems that he did not...

Heh! Good one. Not always true, but often enough, especially when it comes to investing manias.

I think (equity) options are much worse than equities for blowing inexperienced people out quickly. The reason is leverage, combined with many individuals' perception that options offer some sort of "magic", especially when using complex strategies as advocated by books, seminars, etc. The...

crgarcia == troll?? And with 2266 posts??? Checked some other crgarcia posts -- looked like trolling to me. One thing that amazes me about this board is that there are trolls who have posted thousands of times. How can trolling be that interesting? I figure that, at the least, it would...

Even though I take exception to the high fees that a lot of the mediocre ones charge, mutual funds and hedge funds have, on average and over the long term, been very profitable; and the vast majority are not frauds. The facts seem to contradict your blanket statements very strongly.

These are some full-feed solutions (giving all news on all symbols -- expensive but nice): Activ seems to have a nice news feed with a seemingly clean API, but it probably costs a few bucks -- no idea how much. Thomson/Reuters is a big player (the biggest?) in API-accessible news delivery...

I had the CLSID problems once when I moved the Sterling directories around (got rid of the useless \Sti\ directory, etc.). Tried editing the registry, but I was only able to partially fix the problem. The only way I was able to solve it was to uninstall/reinstall Sterling where I really wanted...

I suppose if you had $0 to trade, you'd never make a cent, so your "fact" is trivially true :D But it seems to me that you're asserting something stronger than that. In which case, please tell us what you really mean and give us the source of your "facts".

Apparently, it's 1500 now. https://toolkit.taltrade.com/getpage.asp?head=sup&page=toolkit_faq.html Beyond that, my guess is that you may be better off (both API-wise and $ wise) with one of the other vendors I mentioned above.

I think it depends on the compiler/vm you use, etc., doesn't it? You can use gcj to compile Java into a (likely far faster) binary; no idea whether it works with IB, but I'm sure someone's tried. Another option might be TAL: https://toolkit.taltrade.com/ I think this uses C#, which may...

For a grade or two (and cost) below the options WallstYouth suggests, you could use Genesis. Or Lime or Lightspeed or IB, but keep in mind that the latter three are owned by entities that may have ultra-high-frequency vehicles that trade on their own behalf. There are probably a number of...

I've had this happen before -- the broker eventually charged me some approximation of the difference -- might have been more, might have been less, I couldn't tell. If I were you, I'd tell the broker and see whether they fix the source of the problem. If not, I'd consider finding a new...

I agree completely. But I think that a lot of criticism of theory comes from taking the Taleb-type criticism of theory to too much of an extreme -- going from criticizing an over-reliance of models to criticizing any use of models at all. The latter is clearly unwarranted -- after all, what do...

Generally, my impression is that rates at the "big volume" shops are a function of monthly volume, irrespective of whether or not you use an API. This may be different at "small volume" firms, e.g. Ameritrade users who used CoolTrade got a discount at one time. I've known of automated...

Shreddog gives some great advice! I'll add that I too have successfully used the Sterling API, and it is a serious undertaking, even for those who already know how to program. But it is also a very comprehensive API, perhaps more so than any other "trading platform" API. Someone learning...

Which chip? If you're asking about the Intel i7, Nov 17 seems to be the date. It's going to be "relatively expensive", especially the motherboards and RAM that work with it -- maybe $3k for a top-end system, and $1k for just the minimum parts to upgrade a core 2. It requires a new socket, as...

And they say that TALKING while driving is dangerous :D