really, that is Tony Driscolls mob isn't it??
That is the 2nd group i have heard about in the last 2 weeks.
That is the 2nd group i have heard about in the last 2 weeks.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Bobl 1/2 Tick
- Thread starter THE-BEAKER
- Start date
Quote from cannuckboy:
good friend of mine just took a risk management job with a big US bank who shall remain nameless. As part of his job he regularly talks to the prop traders there. He says they have a system which can tell them what part of a bid or offer is paper/algo order driven and what part is local. He says one of the traders was bragging that this is the software bankrupting the locals. Then my mate told informed the trader he had been a local prior to taking that job. Trader quickly shut up. Nice level playing field these days, eh.
yes this is what i talked about on other threads.
profiling is our main problem at the moment.
the sheer processing power and number crunching that goes on is amazing.
this is the main reason i changed my style to taking a view.
with all the spreads and outrights programmed in coupled with the time and sales data these guys know exactly where to squeeze a spread.
Quote from Halal Burger:
I just heard that Atlas Futures down on Old Jewry Lane has gone under - sign of the times I guess and I'm sure there'll be more to follow...
im unsurprised.
expect a lot more as the volumes will dwindle over the summer.
less commission and ever decreasing profits will force these smaller outfits to the wall.
Quote from BCT:
I've been trading Eurex bonds for the last 7 years and would like to agree with the previous posters here that the Bobl going half ticks may well be the straw that breaks the camel's back for alot of traders.
For me the Bobl has been the lynch pin of my strategy - everything I did across the three cntracts was based on where the Bobl was and its price action. It has served me quite well in the past however since the change to 1/2 ticks things have been pretty shaky. I agree that in our business of an absolute meritocracy you have to adapt or die - I'm sure that I'm good enough and will adapt over time, but the big question for me is can I be bothered?
We seem to be being assaulted from all sides - algos,hedge funds etc. Perhaps its about time that we realised that the party is over; the music has stopped, the lights have been turned up and that amazing blonde you were in the process of pulling looks more like Shrek than Scarlett Johansson. I've had a great time and have got enough cash for a kebab and a cab home so count myself lucky. Good luck!
I know what that means. AC!
Quote from THE-BEAKER:
yes this is what i talked about on other threads.
profiling is our main problem at the moment.
the sheer processing power and number crunching that goes on is amazing.
this is the main reason i changed my style to taking a view.
with all the spreads and outrights programmed in coupled with the time and sales data these guys know exactly where to squeeze a spread.
I feel the same situation on eCBOT and also on big tick contract such as the ZB... you may imagine on ZN.
Everyone I speak to is saying all the same things as being echoed in this thread. I just took a month off to come back and find the arcade I was in had 'merged' with another. I am trying desperately hard to find a new edge, but its proving the greatest challenge of my trading career thus far. I dont know if there is any truth in this, but speaking to a guy at another prop shop this morning, he told me that TT had been loosing around 200 clients a month since October. That sounds a little on the rich side to me but ball park it wouldn't surprise me at all.
Quote from Bernard111:
I feel the same situation on eCBOT and also on big tick contract such as the ZB... you may imagine on ZN.
The instant counterparty info needs to be removed for all exchanges in order for to level the playing field.
Millionaires can't play no limit poker with Billionaires.