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There is a lot. And Globex fills of around 30ms is pretty avg, actually sounds a little high, I should know, I am a Merc member, heh. These are the ones I know of, and notes: Speed Trading, now that RedSky is bought by ITG, not sure if they are still independent? QuietLight, they are...

Here is the original ML / Cap Gemini Report. $1M really isn't anything these days. A 800 ft apt in NYC cost that much, the same apt would be $1.6M in London. Next time when you go into a bar or a small restaurant (a new one), look around, the place cost $1M to start. I think the new...

Rich Marin probably wishes he was still running some dot-com incubator now, heh. I was pretty shocked when Rich took that job in BSAM, but I guess he really just wanted to get back into the game. Both Cioffi and Marin had a history of using high leverage. Marin often tells the story of...

It depends on what you eventually want to do. If you want to eventually be a trader / portfolio manager ... For you to find a non-IT related job in finance, the answer is no. And this is sincere. I worked for 12 yrs on wall street in IT (ran IT for a division), and have been trading for...

It is not just Bear. BofA, LaBranche, etc, etc, are all having enormous difficulties. LAB have been looking for a head of automated market making for a long time now (> 1.5 yr now), no takers. Same thing at say, CBOE, most of the DPMs (designate primary market makers) have gone out of...

In a way, figures like the ones in the magazine (which I dislike) is misleading. Since in all of the 10 funds, the principal has significant amount of their own capital in the fund, so the figures included the returns on their own money, therefore inflating the income figures. For...

Something like this would work in C, it returns the 3rd friday for any given month / year. Let me see about a Java equivalent: #define DEF_FRIDAY 5 #define DEF_DAYINAWEEK 7 int get_3rd_friday (int _mon, int _year) { struct tm cwtm; int yr, tmoffset; yr = _year -...

Heh, how is Russell W doing these days? I know him quite well from my days in Chicago. Him and I had a bottle of merlot about 2 years ago (the man loves his wine). He went through a lot, some up, some downs. Disclaimer, my knowledge of futures prop shops (arcades) are limited, but based...

In a way, that is not surprising. From what I have seen / talked to, there is definitely a morale problem in CBOT these days. Since it has been clearly stated in the CME/CBOT merger documents that eCBOT will be obsorbed by Globex once the merger gets completed. Look at merger presentation...

I just happen to use something that I am familiar with, I was a part of the ANSI C++ V3 committee, so there are a lot of features of C++ that I thought is poorly thought out. When Gosling first released the Java V1.0, there are some league features that I didn't like either. I dealt with...

A topic somewhat similar to this one was discussed earlier this year, the posts there might be helpful. http://www.elitetrader.com/vb/showthread.php?s=&threadid=62481&highlight=framework

Am I reading this right? Basically you are asking the manager, via co-investing his / her own funds, to provide guarantee against a 10% loss. Or maybe I am just hallucinating.

Since I have never traded "retail" prop, and I have a significant amount of respect for Don's reputation in the business (I still hear stories about the Bright brothers sometimes from ppl I know on PSX). I figure I will do a simple search, it took, all of 3 mins. This particular topic was...

Somebody made an interesting point that banks do not have the best technology and the smaller firms actually have a competitive advantage. I somewhat agree, to an extent, only if small firms invest heavily in cutting edge technology, high caliber people can the small firms compete effectively...

I guess I will stick my head in. First of all, to get a very low latency, your broker must have direct point to point connections to all of your market data and routing destinations, and no, something like a Radianz won't do, as the data are redistributed from a Radianz PoP. So by definition...

From a CME memo to members: 9. Will I have access to CBOT products on CME Globex®? We expect to move electronically traded products onto CME Globex. We will communicate information on timing as soon as it is available. right above. 8. Where will pit trading take place in the...

Wow, finally CME bought somebody, and it is a big one. Now bets will be one when eCBOT the system will be history, merged into Globex. I am thinking Q1, 2007.

While the release does not make it explicit, but this type of colo setup is clearly targetted at automated trading systems, which will benefit the most from reduced latency. This is also a way to gain additional revenue for CME, as the LocalNet are priced at $6,000 / month / port (direct...

At the end of the day, it is inner peace that all it matters. It is what you value the most, and then maximize that value. I spent 12 years on wall street, met all kinds of people, there are people who have inner peace making 80k, or 8m, there are people who are emotional wrecks making 80...

I am. More details in an old post: http://www.elitetrader.com/vb/showthread.php?s=&postid=1032410&highlight=CME#post1032410 My system is entirely custom written. Do a search to find some of the older discussions threads regarding system development, etc.