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Thanks MG, I thought that might be the case but was confused as these seemingly very well informed macro investors seemed to like the suggestion. I just thought it didn't make enough sense to be a viable enough proxy. I guess I have a follow up question then...what is a good way to trade the...

I was wondering if someone could help me. I had a question about using ED’s as a proxy for trading the US yield curve and hope this is the right place for it. I read an interesting blog which discussed potential steepner trades on the 2s10s and 5s30s as the yield curve continued to flatten...

With your background and probable skill in execution and risk management I would look at spreading STIRs/Notes/Bonds. You might not have the same informational advantage without BB chat but you might consider putting money with a broker you are well connected to retain that info flow and try to...

I did a similar study back in august which showed the correlation going back 5 years. Still pretty strong. I believe FX rates have a big impact on markets. Just look at the weakness of the GBP and it's impact on the FTSE 100 and UK wheat exports which have both risen against consensus. There is...

No, when they mention oil rigs they are referring to drilling rigs that are used in exploration and development. They are generally seen as 'not that useful' to some in the industry nowadays though. See the following two articles: https://www.ft.com/content/98d1646c-ad45-11e4-bfcf-00144feab7de...

Twitter is THE most valuable tool for financial news and views. If you can contribute useful analysis/charts/views then you can quickly become a big part of the 'group' and get responses from individuals with great knowledge and experience. I rarely read news websites nowadays, preferring to...

These things are always interesting. I think that is why being connected to other parts of the industry is so important. A casual conversation with a friend working for SBUX head office mentioned that they were "really pushing 'red cups' this year" (winter 2015) as sales had been so poor. This...

Fascinating story @comagnum and as you say, what you get on the way up you repay on the way down. The film Limitless purveys the message perfectly, just ignore the part where he perfects it as that is just hollywood dreams. Tell me, if there really were a pill that could do that for you, much...

Could an ISO be used to hunt for stops without having to sweep the book? Or can you only take limits and stops are left un-touched? If plausible, that would be my incline as to why HFTs would use this order type.

Any updates on this?

Everything on a MM desk is pretty much automated nowadays. The job is mostly risk management, watching/maintaining/tweaking your Algos that make markets is milliseconds and skewing your exposure if you have a view (basically prop trading vs clients as you see fit). The only areas where you will...

Questions like these are pretty retarded as you cannot apply the principles of market making in rates to the population of a country. I would therefore use 2rosy's suggestion for the interview Q but understand that making a market on a desk is different. Your decision there will be based around...

Fair point, this may not be their edge. I just thought they were heavily reliant on speed and this could be correlated.

A few additional pointers: The emergence of IEX and talk of other exchanges introducing speed-bumps will probably kill of Virtu's edge. They may as well cash in now. Virtu have 'not lost' whilst we have been in a bull market spurred on by QE. It may be a very different story if CB intervention...

In my scenario the buyer then places his offer/ask 10 ticks above market (limit) and waits for another buyer to meet it (thus becoming a seller). This may not have been clearly explained. Vice versa for the seller.

I think I'd take the smaller returns of selling cash secured puts during the good years to cover me during the mini-crashes or bigger events such as 08.

4 years in the industry and still learning every day. You can never stop improving/researching/building your skills and knowledge. Trading is very simple, but it's hard and takes time to master these simple skills.

If buyers bought from sellers and we reached an equilibrium then price would reach it's prefect point of 'value'. But then if one buyer placed an offer 10 ticks above market and one of the original sellers put a bid in 10 ticks below, you suddenly have a spread and the market will try and find...

Takes at least a week to get into the right mind-frame after a break. After even just a week off I come back and feel like so much has changed in the market, it takes me a week to start re-digesting news and sentiment etc and start to get my rhythm back.

This is an interesting read; an interview with Taleb in which he discusses his beliefs around option buying. He is compared with Victor Niederhoffer, a man who he looked up to but whom inspired him to employ the opposite strategy in the market. He makes a good point about option buying. It's not...