Search results

https://www.bloomberg.com/news/articles/2017-06-07/bill-gross-says-market-risk-is-highest-since-before-2008-crisis So, when someone says "outperformed 22% of peers", is it the same as "underperformed 77% of peers"?

This assumes a software project of some sort while a lot of my todo's are non-coding (read prospectus X, have a call with lawyers re Y, analyze specific effect in Excel etc). The stuff I trade has a fairly short shelf life, which forces me to spend a lot of time on R&D - not sure this is due to...

No, not a project management tool, at least not in a sense that software people use it. I find that most of my work (me and my team, that is) falls into three buckets: 1. "ad hoc experiment" whereI look at some results and say "oh, I should add some X feature to solve or improve Y" 2. "house...

I have to disagree. -- It's better to look at constant tenor data as opposed to using constant maturity contracts for back testing. You can always add conservative execution assumptions while your stats are going to be more reliable. -- Unless they supply synchronized tick-level option data...

"Pros" covers a wide range, from HF market makers that mainly play delta games against retail to volarb PMs that mainly look at vol and are less sensitive to execution. I would say your best bet is to mimic the latter since you don't have the infrastructure to compete with the former. PS. why...

Lemme google it

Not really a trading software question but this is probably the best place to ask. i am increasingly getting swamped with stuff to do and many things seem to fall through the cracks. Some of the issues left overboard are sub-tasks related to live strategies, some are just ideas to check, some...

So you agree that actual markets are unlikely to get much tighter if market makers go electronic? That's the argument I am trying to make :) It's true. A lot of people are used to the process and the access to the institutional size liquidity (well, at least I am) and it's the sort of thing...

Regardless of trading being based in the pit or upstairs, someone is going to be making markets in those options. The only difference is that they will not be on the floor. What do you think makes AMMs show tighter spreads? It's not lower cost of trading, it's the competition for...

Funny how we were just talking with a friend who used to run electricity trading for a plant conglomerate. His words were "he sounds like the phone executives in the early 90s talking about land line phones".

What strikes and tenors are you looking for?

Your argument is equivalent to saying "my ex-wife was a bitch, thus all women are bitches". A few members of his team have been convicted. There are plenty of PMs in his shop that have zero chance of trading on the inside information - guys that do statistical arbitrage, trade govies etc. It's...

In that case why not pick real estate in Detroit? It's real cheap there :) PS. If I had to chose some distressed RE, I'd buy a bungalow in Puerto Rico, not of a house in a Cleveland ghetto

Both. I'd also say because there is very little retail participation to help electronic flow.

Gentrification is driven by the economy. What's going for Cleveland that would be an incentive for gentrification? Maybe it's the Russian property that's massively overpriced (since you guys can't trust any other assets really).

No, I don't think you are getting it yet. Here is an alternative explanation. A futures contract is nothing more then an agreement to deliver the stock on expiration date (let's forget about cash settlement for a second). The question is - what would be a fair price for the stock delivered in N...

Pro-software? For non-latency sensitive stuff, most "pros" (as in hedge-fund stat arb traders) do back testing in a prototyping language like R/Python or a custom implemented framework. Execution/runtime is then implemented in whatever language is most suitable for the task - most probably Java...

So you learn that there is no safe asset (gold included). Diversification is the way, obviously. Personally, if I was looking to construct a long-term portfolio I want to check the relative behaviours of main asset classes (say equity/govies/gold/property) in multiple countries at relatively low...

There are 3 separate topics being discussed: AM/PM. PM is probably more reasonable as long as they do a consistent (e.g. move the VIX settles etc) and gradual migration. One thing that AM allows for is a bit of slop in cases when you are pinned, since the market is open after delivery. One...

LOL. Really?