$50k on my side for Options Market Making system

MarkBrown said:
you maybe in luck, i was a quant for the world's largest option trader. the fund was closed years ago and the principles in the firm went separate ways. i am setting on all the intellectual property that managed globally known clients. the track record is verifiable two decades long.

now the catch you really need 100mm cash 10mm to be used as risk capital 90mm to be parked. however this commitment delivers you a never lose iron clad algorithm if we work out a deal. you do not have to pay to develope failure, and you will fail i promise. plus you will lose years of your life and may pass away penniless if you wade too deep. so think on it.
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OP is talking about 50k.... so I don't think there's any need for boasting...
 
JackRab said:
OP is talking about 50k.... so I don't think there's any need for boasting...
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well the bright side is that he has the money to buy the books and learn to program own his own if he is of the autodidact persuasion. otherwise he's sol. better to go into a casino wait for four black in a row and put it all on red that is, if a green has occurred recently.
 
MarkBrown said:
you maybe in luck, i was a quant for the world's largest option trader. the fund was closed years ago and the principles in the firm went separate ways. i am setting on all the intellectual property that managed globally known clients. the track record is verifiable two decades long
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Can't be Citadel, they're still in business (from Wikipedia: "Citadel Securities is the largest market maker in options in the U.S., executing about 25 percent U.S.-listed equity options volume."). Optiver has another 15% and yours is now closed.

Seems there still is room up to 100% for my upcoming system B-)

MarkBrown said:
now the catch you really need 100mm cash 10mm to be used as risk capital 90mm to be parked. however this commitment delivers you a never lose iron clad algorithm if we work out a deal. you do not have to pay to develope failure, and you will fail i promise. plus you will lose years of your life and may pass away penniless if you wade too deep. so think on it.
More...

I've already started developing a prototype MM system which I'll have running in a few weeks. Called Vegas but they're all booked out now, so I'm stuck with my system for now, will get back to you right after I'm past $100mm.
 
Aquarians said:
Can't be Citadel, they're still in business (from Wikipedia: "Citadel Securities is the largest market maker in options in the U.S., executing about 25 percent U.S.-listed equity options volume."). Optiver has another 15% and yours is now closed.

Seems there still is room up to 100% for my upcoming system B-)



I've already started developing a prototype MM system which I'll have running in a few weeks. Called Vegas but they're all booked out now, so I'm stuck with my system for now, will get back to you right after I'm past $100mm.
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I think it wasn't a market maker he was talking about but a fund... that's a big difference. Funds don't really trade the same as market makers.
 
One question. How dear is that 50K to you? Do you have more but you want to limit this business to 50K?
Even if you are not successful and after going through this path, you will learn a lot which is worth more than 50K.
 
Aquarians said:
Let's say those $50k are not my life savings.
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That is good so you can risk it but treat it as it is your life saving. Be determined to be successful and get more info before spending a dime.
Robert Morse advice can be very helpful.
 
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