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>> We had an in-house developed options market making platform... I think it was "valued" internally at 3 million or something... the cost was probably a lot more, since you need dedicated IT-staff to keep it running. Constant changing of ISIN stuff... connections... etcetcet. In the end, I...

>> If I am an active trading desk would I rather have an inexpensive analysis and trading product as opposed to the "commercial" customized product I paid big $$ for(and monthly service fees)? Of course. In the context of JackRab's answer, what's "inexpensive analysis" for you? 50 bucks per...

Learned that eventually.

Coming back to the original idea, recruiters. It came as a shock to realize they're kind of those slimy salesmen who appears to give you something of great value, gets you excited and all-too willing to give it a try then... at the end you cannot shake that feeling that you've been screwed...

>> BTW this is the same answer you got last time. Repetition makes permanent.

Any of you paid for custom development related to options trading? Strategy backesting, volatility calculation, model validation, auto trading engines? So not a $50 monthly subscription for retail traders but the kind of stuff well capitalized hedge funds have (usually in-house software)...

I've written my own and it takes not just additional cost of time to hand-code new strategies (it's my own time so at least I'm not paying money) but also a marketdata subscription (end of day updates) which costs me about $1k per year. And payed for the historical data, about another $1k :) So...

Last time I heard about a Nikkie fuckoff, there was a trader guy who accidentally reversed price and quantity in it's state of the art user interface thingy. That thing though happily passed trough 17 microservices (read "teams") in the tier-1 bank that hired him then another at least 1 single...

I.e. fun stuff :cool:

>> You took tests all your schooling years to be where you are and now you cry wolf. https://www.theguardian.com/commentisfree/2015/feb/04/social-mobility-equality-class-society Sweden, the most social-generous country of EU has finally reckoned (I hope) that welfare doesn't do much for you if...

OK, so no more insults? I'm getting bored already.

It wasn't me who started it. His attack was unwarranted and uncalled for.

Schadenfreude feels nice, doesn't it? Provided one is not entirely retarded and keeps working and learning, being successful is a matter of time, money (to buy that time) and luck (to fall upon some valuable idea). But given enough time, luck will manifest eventually and if even a monkey like...

I'm assigning numeric values to linguistic terms. "Tier-one" investment bank = a gzillion employees and a rigid hierarchical structure with no authority and control at the lower echelon. And the recruiter isn't even there but I've been nice and cap his value at zero.

No, it's a bid-ask spread analogy. On the markets you get burned when you enter trades where the bid ask spread is too high. Zero working for infinity is a similar situation.

Well, it's related to programmers. I thought of renaming the thread to "Bid-ask spread in recruiters" but it's too late now.

Take some automated coding challenge (most despicable since it burns none of their time so they can pit you against 10,000 college kids who train for this sort of stuff). Online whiteboard interviews otherwise, a little bit better since there's a guy on their side wasting his time too, hardly...

Jumping trough hoops like 1000 other monkeys so they make one sale.

You know you are getting robbed when the bid-ask spread is high. I'm getting emails from recruiters presenting themselves like: "I am Mediocre Nobody finance recruiter drone based in London. I work with tier 1 investment banks and hedge funds, such as JP Morgan, Morgan Stanley and Goldman...

Emanuel Derman, "More Than You Ever Wanted to Know About Volatility Swaps", page 39. http://www.emanuelderman.com/media/gs-volatility_swaps.pdf