it's a pretty simple idea
basically adding known latency
then synchronising to take liquidity
amusing that ren tec is doing all this to pay the spread.
This is the key take away from this thread
Like
Setup a financial mode that makes sense *then* automate
IT / Quants don't become traders
Traders instruct IT / Quant to automate / optimise stuff that already makes sense
Different mind set.
If the trade makes sense
But it's moving against you
Add to it
But if you're punting deltas
It doesn't really matter what you do
All roads lead to ruin
Your choice is how long it takes.
+1
Add to that some of the "big dawgs" being on holidays .. leaving their underlings on the desk .. and these can be some of the best trading days of the year, from a margin perspective at least, if not on volume
I dunno. Easy to find yourself saying - "what would I need to do to sign up as a PB client". And then, "what would my funding be". And then "what information flow would I no longer see" etc.
Sometimes you may want to both never pay the bill and get laid. Whipping out some game involving art, or environmental think-tanks can trump a tech smokescreen when panties are at stake.