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Seems to be a function of horribly misguided IT spending, caused by misaligned cost-center / profit-center interests. Boils down to spend $1.00 to save $0.01. Work shifted to low cost regions seems to come with proportionally even lower productivity. Ever spoken to the Reuters help desk...

I think that lack of accessible data may be part of your edge :p Edit: The guys out at Bondi Jnctn might be a special case. There's an ongoing battle between a group of traders and their ex-firm. Some ugly attitudes and animosity. Even their broker code is an insult to the old place. Do or...

Yeah, but staying clear of those funny prop shops near the old colo. Your comment "Doing some MM stuff only to collect rebates to fund index arb." confused me. Makes sense in HK wrt tax, but here? Dunno what that's about.

Awesome. Thx for the info IBsoft.

True that. Second year, ha, on low low bases too. And they wonder why they can't retain ppl. Tough times out at Bondi Jnctn, and then there's that court case :D

RMS would be worse :p At least with excel, the desk maintains control without having to kowtow to some tech czar's arbitrary release schedule. Some do Oz from HK, unfortunately. So, what are Tibra & friends up to? Have heard IMC's been shrinking. (Not enough profit ensuing.)

So thinking in ASX terms, I can get a priority crossing through IB against other IB customers (takers), where I will jump the lit queue? Please confirm Yes / No? If yes, which other markets do you facilitate this in? (I want to post all over them on Monday. Liquidity for all punters).

Most of the ibanks couldn't fulfill their PMM obligations without being arb'd to zero by prop firms with better technology. Banks MM for market share, to facilitate customer flow, to build a relationship with an issuer, or to bid their own warrants. It's not the primary business. How...

I think you'll find the hairiest knuckle dragging sales trader still out earns the best quant programmers, even in a bad year. :p

There's a big difference between ibanks and prop market makers, especially in asia.

+1 Entirely agreed from an IB point of view. A never ending "one size fits all" internal platform battle, forcing as many regions as possible onto the same poor fit global non-solution. The opportunity cost is a travesty.

Hmm. How about AMM through Orc Liquidator?

10:1 leverage on equities is available synthetically. Nothing remarkable there.

Why TA doesn't work doesn't matter. The fact that any rational backtest shows TA doesn't work, matters.

+1 Get them in on a low base. Talk up the "experience" to be gained. Hint at a fictional bonus. Get 'em to do nothing but boring datafeed work & debug back office vba. Welcome to "trading", IT tragedy style.

IIRC data is abbreviated.

Absolute gift for Getco. Wow.

Ok Sam, I'll bite. Let's hear it :cool:

On the naive outside, all you see is easy upside, and on the inside it mostly comes down to facilitating perceived outside upside. Never say no to flow.

+1 Someone knows how this game works. :D