Search results

I'm curious in what ways something like Deltix (there are others, I'm just picking one at random) doesn't meet your needs?

Exactly. :)

It seems to me that would require "price improvement" from the exchange, possibly in the way of better rates for longer-lived orders. I really don't see the point in having the time scale be "1 second", though, IMO it should be much longer, on the order of minutes. Otherwise it's just a means...

That would mean going back to humans on the floor, no electronic trading at all, not even a telegraph and ticker. You're either physically present under the buttonwood tree, or you don't participate. Somehow I suspect that's not really what you had in mind...

That's essentially equivalent to being internalized to the first exchange on the route.

So it goes. Adapt or die. Those old prop firms were leeches, now they've been eaten by newer, more capable leeches. Don't see any players in this story worth shedding a tear over. Like the man once sang, "Same as it ever was..."

That's not correct. The book exposed on the main feed is only a 10 deep MBP - the actual MBO book can be (and often is) thousands deep.

If you don't have belief in your system, why would you expect anyone else to?

Then you should do just that, for a few months, at least. IMO.

That would explain all the Russians working there.

People will know you have it the moment you try to exchange it for something you need.

That means forcible repossession. Which, in SHTF scenarios, means being lined up against a wall and shot. Holding physical gold is useless for peons, the only people it can possibly help are those in the Power class.

Automate it and run it - at the end of every day, backtest against that day's data, and note the differences between theory and practice. That's my advice, anyway.

If you have to ask if your orders are being internalized - they are being internalized. Just take it as your base assumption and go from there - that ALL your orders go through internal matching before they hit the smart router.

Unless you know otherwise - for a fact, from your broker - you most likely are going through an internal matching engine.

They both suck equally bad.

If you are talking about the order ID that shows up from your broker in the "receipt" for your trade, you'll have to ask your broker. Most likely it means nothing at all, and is just a guaranteed-to-be-unique sequence number.

Crony capitalism and lack of free markets are what built America. I wouldn't sweat it, it's never been the problem.

That's not really correct. There are no dollars at all in the surplus fund, all it contains is promises of futuref dollars. At a certainly level the distinction is minor - but from a different level, it's the only thing that matters.

Nothing much. There'd be a recession, it would bottom out, life would go on. Obladi oblada...