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Crypto exchange accounts are not insured and many have lost it all when exchanges went bust. I would feel obligated to self custody, which increases the learning curve quite a bit if you want to do it right.

There are an infinite number of combinations of moving averages, vwap, spike percentages and all the other things you mentioned. If you search through these combinations, some of them are going to have amazingly good backtests just by chance even though there is no real actual edge. That's...

For example, earlier you said: These kinds of queries are overfit city. You tweak enough filters and it looks like you're printing money in the backtest, but it's nonsense without any predictive power. If your customers don't understand this they are going to be pissed at you when they lose...

Analyzing, digging in, finding correlations and edges, all that requires some kind of coding. I don't see how you could do this with just excel. I mean you sort of can... but it's getting into ridiculous levels of effort to avoid learning to code. I remain skeptical, but if you can actually find...

I asked before but didn't get an answer: How do you even use the output of these data queries w/o knowing how to code? If the target market is people who can't code, then the system needs to do everything for them including backtesting and trading. As-is, I can't see this as anything but an...

This business model makes no sense to me. If you can't code then how do you even use these data scans? You need code to backtest them and other code to trade them. And if you can code, then just create the scans yourself for much cheaper. For a SaaS business to make sense it needs to save me...

%% AGREE\ I have Mr. Turtle on Ignore :caution:; It works wonders "To reduce the noise"..+LOL:D:D

Brilliant analysis! If only the SEC had geniuses like KCalhoun in charge they would not neglect to consider important variables such as "So what if commission-free brokers gain a few cents per trade for pfof routing?" in their research on how to create the fairest structure for retail...

Almost all exchanges are operating on price-time priority meaning price first then time. Volume is not typically considered. Given that most trades happen in a 1 cent spread, it is not actually possible to compete on price, so all there is left is time. HFT heaven. The "shortest time" is...

You are thinking in the right direction, one goal should be to cut out middlemen by letting retail trade against itself. The other goal should be to increase competition among middlemen. Routing directly to exchanges would help with the latter, but not with the former. Mostly this would just be...

There is no "the book". There are about 15 exchanges and each has its own book. Also there is more than one definition of auction. The continuous trading books are very different than the kind of auctions being proposed here.

do you have a non paywall link?

I'm curious who will be eligible to participate in these auctions on the liquidity providing side. If there are ways for small players to participate, this could completely break the cartel. With more competition, fill quality in the auctions would be extremely high, making them a natural magnet...

That's completely moronic. Just because you can direct route does not mean you are suddenly living in a world where PFOF doesn't exist. Its existence costs you money no matter which "option" you choose.

Absolutely shameless argumentation by these wholesalers. They think we are stupid. Tigher spreads compared to what? A time before HFTs existed? Spreads were driven down by decimalization and the introduction of HFT and other technology. There's no logic for a claim that PFOF drives down...

There is no such thing as free PFOF. The cost is just built into the spread. "Commission Free" is not the same thing as free. People need to understand that spreads do not exist in a vacuum. The fact that so much retail flow is sold necessarily widens spreads, because most of what is left on...

https://www.wsj.com/articles/sec-pursuing-broad-review-of-stock-market-structure-chairman-says-11623256566 archive: https://archive.ph/X1Z1T

If the SEC can pull this off it will be amazing for traders. Right now you can't put an order into this market without paying a tax to citadel, virtu et. al. The market structure is rigged so that it's almost impossible to find your natural counterparties without an HFT or wholesaler in the...

You must be new to this whole internet thing.

The idea that corporations should be allowed to compete with individuals for homes is absurd, and an obvious sign of the corruption in our societies. Having these players in the "market" for homes does nothing but create rents which are a transfer of wealth from poor to rich. It is modern day...