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Well duh, Madoff Securities LLC was registered as a Broker Dealer not a Hedge Fund.

Do you actually believe this crap about quant writing models where housing prices only go up??? At the rate of which prices whet down is what destroyed the system and the fact that many quants implemented the same strategies didnt help the situation.

You my friend are retard as just about ever post in this thread. Quant are the future and are a lot smarter than many could even relish here on ET.

OPM? from the gist of the thread I know it means no outside money or something of that nature but what's the definitive meaning?

:confused: see also TorcFinancials aka tradespeed

I really dont see how anyone can do HF trading today and not go direct or use on of the big guys like GS or LEH who have their systems cross connected into the exchanges/ECN networks. There really is no other option. Geneisis? Are you fucking serious? Our DMA platform at Lehman use to handle...

Under what scenarios could arbitrage opportunities exist in today’s equity markets? I know arb trading isn’t for the small guys but I'm just curious if and when is it happening? The only example I can think of is in a scenario where 2 ECN's are listing the same stock and a large buy or...

For ultra high frequency (sub milli) you have basically 3 access models: 1) Go direct p2p into Nasdaq's trading facility checkout extranet providers like BTRadianz, Yipes, Savvis etc.. 2) Colocate your servers with Nasdaq 3) Use one of the big boys (GS, LEH, UBS, CS etc..) and...

The model of using IBD’s to facilitate trades in this manner is just arcane… This entire process should have long been automated and electronic. There is no good reason for any large institutional trader to go through IBD’s in this manner. You’re just asking to be taken IMO. BALLISTA...

November 13, 2008, 9:20 am Parsing the Language of the Interdealer Broker; “Fo Shiz” Posted by Dan Slater Lawyers have called credit-default swaps unregulated side-bets and legalized gambling. Adds Eric Dinallo, New York’s superintendent of insurance, on the instruments: “There was...

Pits are dead. Get in times bro we all ELECTROOOOOOO!

Its the tax payers that got us into this mess in to the first place taking out loans they couldn't afford to pay back. :-)

The problem is that many people seem to think that everyone working on Wall St. is handed a billion dollar portfolio to gamble away investor’s assets. Wall St. Employs many engineers, mathematicians, statisticians, physicist, and quants that build, develop and create many of the systems...

Are you sure your connect to the right FIX port? As someone mentioned earlier in the post you should get a connection established or connection refused when you type telnet (FIX_SVR_ADDR) (PORT) if your using QuickFix fileLog you should see logs that look like the following...

You guys are nuts.. Bonuses are paid to keep top performers. If bonuses are not paid out you loose the top performers and bright minds... Now how much upside are you left with once the top earners have left your firm for a competitor or worse to start their business and taking many clients with...

NYSE now supports HIDDEN orders interesting

Filled @ 15.50 ARCA and 15.49 ISLD

Invite him over for a tea party and let him know your short a few tea bags and ask him if he's interested.

The EURO is very strong, most of the people doing the buying in NYC are tourists especially on the weekends mostly from Europe, the Middle East and Asia

I work down on Wall st. also you probably know have ran into that black guy who hands out the free news papers who is always so happy.. THat guy gives me a chuckle every time I hear his voice when I'm heading towards my office.