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Here is the code piece ...

Yuck ... here is a simple strtok_r implementation (in C), that works pretty much in any platform that I have ported my system (*nix, OpenBSD, Windows, OS X, BeOS, etc). rather than downloading and installing more packages. I code pretty much in C (not C++), since I can get pretty much any...

Based on what I know about quant type traders, this is slighly above norm, especially sharpe ratio > 2.0, but not by much, the 12-18% annualized return is actually kinda of low. But these type of traders are highly prized in the asia markets (because quant trading in asia still is somewhat...

I run a similar setup as Stephen's (this was covered in another thread). First of all, my systems are colo-ed in a data center (Savvis) right next door to the exchanges (and yes, I pay for colo charges through the nose, I pay >$9k a month altogether). All the colo-ed data centers are...

If I remember correctly, DB raised about $650M for JWM to start, they have about $1.2B now, and was returning about 14% per year. I think they started in 2001.

Yeah, I was in Shanghai about 8 months ago. The interesting thing about Chinese consumption is that everybody there drinks Coca Cola, eats McDonalds, and in the high end bars, the wealthy chinese would order Johnny Walker, watch NBA games on TV, and talk into their Motorola cell phones. It was...

US doesn't buy these Chinese made goods because Chinese is pushing them on us, it is becase we want to buy those goods. We here in the US have demand for large-quantities of cheap goods (take a walk through your neighborhood Walmart). I was in Vegas a while ago, and want to pick up a snow...

Actually their roster is substantially weaker than LTCMs, keep in mind that LTCM have a former vice chairman of the fed reserve (david mullins), and two nobel prize winners. I don't quite see the same star level at either UofC or Columbia's program, there are no John Bates Clark medal winners...

But it is her relationship, and relationship is important in this business. Again, I have seen a wide spectrum, from 20% of first-year performance fee only, to 15% of all fees.

Start here, this is pretty standard stuff: http://www.cs.utexas.edu/~pstone/Papers/bib2html-links/AMEC04-plat.pdf Of course, this assumes that you have the technical knowledge of how to code up these simple algorithms, get some real data, etc.

Actually the Senior and Mark are still quite active in running the day to day Ritchie operations. As for their Katrina losses, all the pieces I have heard is that the media reports are quite exaggreated (not surprisingly), they lost less than $100M, not a big deal. Ritchie has a huge...

Why am I replying I have no idea, but I know of exactly two traders that has had 100% weeks, one of them in fact averages around 20% a week (and I have been in finance, ibanks, hedge funds, etc, for 12+ years, and he is the best I have ever seen). Before people start to do math that compounding...

A couple of things to consider. One, your commission rate is directly related to how much volume you trade, usually, and in most firms I have seen (including the ones I am with today), 2000 RT a month (for a member, not retail) is considered quite small. Two, I guess you are talking about...

As far as I know they exited that business before '97-'98, because they looked seriously at acquiring AA Sage (and a few other options clearing firms) before Merrill bought it. From what I have heard, Bear was just a bit slow and a bit cheap.

Hmmm, you asked in the options section, so I assumed you are talking about equity options, sorry my bad. For Futures clearing, there are more choices, here is the complete list of CBOT clearing firms: http://www.cbot.com/cbot/pub/page/0,3181,1923,00.html Here is a partial list, ABN AMRO...

I could be wrong, but I thought Bear has no option MM clients, at last until about 2-3 years ago.

More or less, like Stephen mentioned, it just depends on how much hoops the hacker has to jump through. In a perfectly controlled environment, where anything and everything can be spoofed (IP addresses, disk access, memory access, etc), then pretty much most of the mechanisms can be defeated...

First of all, very few things would stop a very determined technologist from reverse engineer the strategy if you provide any executable to them. But never the less, there are some approachs for the paranoid. 1) Write your software that require the presence of a physical key (i.e., a secure...

Which exchange? CBOE, PCX, AMEX, or PHLX? Ideally, you would want a clearing firm that has a local presence (not all of them have presences physically in all the exchanges). I am discounting ISE (which are entirely corporate seats), and BOX (which requires no memberships). Overall, it is up...

Or worse, it is entirely possible to reverse engineer your DLL to extract out your strategy, it is not all that hard, really.