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Spot is a firm Rob Merrilees and a few of the old Stafford Trading guys started. It is a pretty good firm, fairly technology focused (but then again, pretty much all options market making firms are these days), off floor. Of cos all trainees in a firm like this (or Peak6, Wolverine, DRW...

Heh, I should have looked at ET before i went. I stopped by Dubai recently, invited by DME to take a look at what they got (or more precisely, what they are going to do). While DIFC and surrounding was nicely built , and property agents (soo many of them!) shows us the downtown burj dubai...

For me, the problem with CME Globex FIXFAST feed went away around 11 am CST. So CME took about 3 hrs to fix the problem.

As a CME member, I am experiencing weird market data out of sequences. Same problem does not occur in the legacy MDP/RLC feeds, just the FIXFAST feeds (which TT uses). From GCC Notice: "Some customers are reporting market data latencies. Operations is investigating." Still no update...

I was surprised a few years ago to learn that every year quite a few US citizens renounce their citizenships, for the sole purpose of lower taxes. I have come to know a few of these ex-US citizens. http://www.iht.com/articles/2006/12/17/news/expat.php US is the only country in the world...

I have met Seth a few times between '99 - '02. I have a lot of trouble reconciling my memory of him, as a normal, nice guy, who doesn't flaunt money, with what the media portrayal of hard living, kinda of "outrageous life". It is bizarre (to me at least) that the media is making a huge...

Actually things like this happen a lot more frequently than ppl think. I am a firm believer that there are really not many "new trading ideas" out there, most strategies are derivatives of some other strategy, etc, etc. Take a case that I know first hand. An analyst in another group back...

Well, I am behaving exactly like the ppl in the article. I am a quant trader, and while my p&l stayed positive since the subprime crisis hit (thanks to quite stringent risk mgmt and decision to reduce exposure over all), overall return has dropped significantly. In all honesty, from a pure...

I love The Economist's "Recession" Index, it tracks the % the "R" word comes up in media. So over the new years, a friend asked me this very question, my thought immediately, "since we are talking about it, then we are in a recession already". Now it depends on what "deep" means. It is...

Heh, well, I do pseudo market making, and I know of quite a few other entities doing so (some are well known, some are not). I suppose I can talk abt some generalities. To put it basically, it is exactly "market making" without being designated by the exchanges as a market maker (or...

I concur with Maverick. As far as I know (which is end of 2007), Schindler is not anywhere near down 90%.

You mean Mortimer with 3D Markets, product called Arch Angel? Well, he has been trying to get that thing off the ground ever since he left Piper. I haven't talked to him for at least 6 months, I thought AA should have been launched by now? There are different type of startups in financial...

Yes and no. Becoming and operating a clearing firm is both a fairly complex and not exactly a cheap enterprise It all depends on what product (or more accurately, which exchange traded product) you want to self-clear for. Phase 3, as far as I know, can only do US equities, not most of the...

I have had some discussion with ppl who are in the same business as RenTech about this. I think RenTech got too greedy (see firms like DEShaw and AQR, throw SAC in there too). It is greed, plain and simple, to try to raise a 100B fund. Medallion, however, has continued to do well (it is...

First of all, to the original poster. There is nothing wrong with quitting or even stopping for a while. To take a completely different analogy, I know a fellow that used to be a very good restaurant investor, he would buy failed restaurants, turn them around, and sell for excellent profit...

Well, I can't speak for anybody else with certainty, but my own automated trading system on the CME futures is trading small as we are going through the certification for the new market data mechanism. As far as I know, most of automated systems on CME are going through the same certification...

It took Maounis this long to file a lawsuit? When will the Bear funds' lawsuit against Merrill PB hit? The reality is that since JPM is the primebroker for Amaranth's positions, it provides financing for those positions, usual through an off-shore financing entity. And JPM can choose to...

I can't speak for anyone else. But I can say that I got wind around 2pm that Fed is going to have an emergency meeting, and at 3:15 or so, I was told that nothing came out that meeting. Of course, being a market neutral strategy, I can't / won't do much with that bit of rumor. Given the...

This is going to be a dumb question. What kind of job do you want to apply to, at what level? If it is not trading, what industry?

In terms of RedSky, yeah I met Brent and Stef quite a few times, last about 2 years ago. Brent and Stef cashed out, they hired Fitzsimmons to spruce it up for the sale. There are quite a few more trading firms around chicago that have low latency connectivity. Wolverine, DRW (still mostly...