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  1. R

    Knight Capital posts $389.9 million loss on trading glitch

    There were, and there was. This wasn't a technology failure, it was a human failure.
  2. R

    What Is A Dark Pool And Why Are People Trading In Them?

    At high speeds, our good friends Heisenberg and Einstein ensure that every venue is, in reality, a dark pool.
  3. R

    Completely understand why HFT must exist

    You're really not getting it, mate. Anyway, as it doesn't bother you, no point in going any further. Cheers.
  4. R

    Good and bad books on strategy design?

    What is needed is a good text on Smart Order Router design.
  5. R

    Completely understand why HFT must exist

    It's gibberish because you have the same basic tools as "them", and can easily force them to execute on those "flashed in a loop" orders that seem to be bothering you so much.
  6. R

    Completely understand why HFT must exist

    In fact, it's never been cheaper or easier to do just that. Whether it's smart to get involved in that game, at this stage of its evolution, is an entirely different question...
  7. R

    Completely understand why HFT must exist

    While an admirable attempt, what they're trying to do here (which is a bit mis-described in the article, but whatever, close enough) is only achievable in isolation, not in live systems.
  8. R

    Algorithmic Trading Strategies Online

    You can get the complete "turtle trader" trend following system described in a nice, compact PDF. Available all over the internet.
  9. R

    Boolean algebra inside.

    Where did you get the idea that it was? It's not.
  10. R

    ONE HFT algo made up 4% of all quote traffic last week.

    In the time-honored ET way... ...paper trading.
  11. R

    ONE HFT algo made up 4% of all quote traffic last week.

    There sure can be. Latency is dependent on things like order of trade flow and mix of order types, amongst numerous other things. Only way to really know what's going on with parameters that matter to "you" is to regularly/continuously probe and measure. Test servers are useless for this - it...
  12. R

    ONE HFT algo made up 4% of all quote traffic last week.

    It would have to be resting - yes. It would not have to be visible, and is therefore not "risk free". You have access to the same toys they do.
  13. R

    ONE HFT algo made up 4% of all quote traffic last week.

    Anybody can have resting orders in place to catch algos trying to do this.
  14. R

    Cell Phones/portable electronics

    Basically it's either iPhone or S3. Not sure there's anything else really worth looking at until the next release cycle starts in March or so.
  15. R

    Will GM get a second bailout or is this it?

    GM only goes broke on four year cycles.
  16. R

    How important is a degree when trying to raise money?

    If you have a track record of making money, nobody cares about your educational background.
  17. R

    How important is a degree when trying to raise money?

    It's not important at all, other than it builds connections for the future, if done right.
  18. R

    Who are the pigs who are manipulating the market up and down every day

    It was worse. This is as transparent as US equity markets have ever been.
  19. R

    Margin math

    That's a great line. Applies to so much of life. :)
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