Advanced/Professional volatility trading

[Rationalize]

Quote from Martinghoul:

Nothing to do with options, per se, but this is actually a shocking truth across markets. For a massive oligopolistic industry characterized by fat margins and large IT spending, the general state of the infrastructure is piss poor, IMHO.

Seems to be a function of horribly misguided IT spending, caused by misaligned cost-center / profit-center interests. Boils down to spend $1.00 to save $0.01.

Work shifted to low cost regions seems to come with proportionally even lower productivity.

Ever spoken to the Reuters help desk? Ugh. Kind of like calling a shoe factory in Bombay.

Alternatively, sit a small team of developers on the desk, and you get good stuff, fast.

 

[justrading]

Quote from Martinghoul:

Nothing to do with options, per se, but this is actually a shocking truth across markets. For a massive oligopolistic industry characterized by fat margins and large IT spending, the general state of the infrastructure is piss poor, IMHO.

Couldn't agree more. Amazed at how pathetic feeds are sometimes, and try switching months on the CME options settlement prices page.

 

[sle]

Quote from justrading:

Couldn't agree more. Amazed at how pathetic feeds are sometimes, and try switching months on the CME options settlement prices page.

I just did unreal...

Anyway, one thing I can say - once you start talking to various providers, you realize that (a) everyone sucks and (b) everyone has an agenda

 

[Kevin Schmit]

Quote from sle:

One would imagine that someone could have spent some time cleaning and parameterizing the data and sticking it into so some smart database framework with a real programming language attached - once that's done you can keep renting this to hedge funds and prop shops.

This is an excellent idea. There is a real market need for it.

I got the impression from some of your posts a few months back that you were considering such a project yourself. Is that still on?

 

[sle]

Quote from Kevin Schmit:

This is an excellent idea. There is a real market need for it.

I got the impression from some of your posts a few months back that you were considering such a project yourself. Is that still on?

Oh, it's on and going along, but it's going to be for internal use by the fund...