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Most of Goldman is investment banking. They may sell complex derivatives instead of arranging M&A but it's a client-facing business with similar working hours. The fact that most such teams also prop trade and often sell their positions to clients when those positions start to smell bad, doesn't...

Every B-movie needs an evil character.

Has physical, logical or legal impossibility ever stopped movie makers? I can name only one Sci Fi movie about space travel where there is weigthtlessness. Also most spaceships are huge and spacious beyond reason.

I'm sure given given time and cost constraints the developers started with an absolute minimum of features that they thought would make the platform usable. It takes years to iron out the most annoying bugs (such as those that result in crashes) and accumulate nice-to-have features in a...

They probably wrote V11 from scratch instead of bootstrappingt V10 code. Hence missing functionality and lots of bugs.

Regarding what latency is considered "low", from http://www.rithmic.com/home.html: "Rithmic's trade execution software delivers to you the low latency and high throughput performance formerly seen only by the very large trading houses and boutique hedge funds - Tick-to-Trade in less than 250µs."

NetTecture summed it up nicely. MB Trading VPS Hosting, which I referred to as "cheap colocation from a broker" earlier, offers basically what NetTecture suggested: servers from a hosting company located near the broker. The broker also provides tick and historical data (for a fee). I am sure...

A number of brokers that provide API also provide API in Java - pick your fasvourite and enquire. Interactive Brokers has gone further and their trading platform is in Java. Regarding independent trading platforms, there is too much choice here. What do you need? Charting, backtesting, manual...

You are most welcome! I'm sure you can find a few good reading lists on this forums. Regarding options, they possess characteristincs of their own (of options as a class ass opposed to the the characteristics of the underlying like commodity futures). For example, a value of an option...

Disagree. I you can substantially improve latency via colocation with a broker, which is nearly in the "retail" price range. Such an arrangement makes aprroaches like "buy at bid, sell and ask unless proce moves" for improvement of entry/exit price levels of a longer-term trading system fully...

I think you are missing the business model on which a number of "prop" firms operate. Many have a similar busines model to a broker. They charge training fees, desk fees, commissions. As such their interests are not completely aligned with the interests of a trader. On the other hand, if a...

flytiger, Johann Hari says: "The International Monetary fund says a third of all the money in the world is currently held in tax heavens". You added "illegal" for no reason. I am also not surprised. First, why would anyone in their right mind keep their money where they pay the highest taxes...

That's exactly how some of the HFT shops operate. First, their infrastructure allows fast access to different trading venues with much lower latency than for ordinary market participants. Further, they know from experience which of the exchnages and block pools a large order is gonna hit first.

Now that the liquidity improved these are pretty much tradable. Just over a year ago 5-7 pip spreads made these pointless for short-term trading. Maybe few people realise how much liquidity improved in these. Further, crosses (any currency pair that doesn't include US dollar) are hardly...

In this example, it's not about time but about the number of venues (exchanges and black pools) that trade a stock in question.

An article Landis82 linked earlier explains how this happens: "If you’re an HFT with 1,000 shares you want to sell, you could offer 200 shares at each of five different exchanges. If what looks like a big buyer takes your offer at one of the venues, you can instantly cancel your offers to...

When you consider a career path you should also take into account that most banking careers are short. Few people stay in the front office beyond early 30s. In Goldman median time in employment is about 2 years.

Very much like most articles on scientific research in mass media. "Sport journalist" - that's a nice touch. Is the hint that his (or ner) normal job is to write about swimsuit models? Thumbs up for entertaining value.

Perhaps, we understand differently what OP is trying to do. I understand the thread is about adding to an existing position. So, it's not about a high-probablilty set-up for opening a position. I assume by the time the OP is trying to add he already has a position in the black. Hence...

In NeoTicker "group" is a list of charts that you can see on the screen(s) simultaneously. When you switch groups, one group gets hidden and another group appears on the screen. You can see a few groups open simultaneously so that charts (and indicators) are updated in all groups... but you can...