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Creating own trading system
- Thread starter j2ee
- Start date
Quote from Makis:
No, no news. Now that I am thinking about it you are right. The perfect candidates for HFT jobs are MBAs with background in High Touch Trading. PhDs in physics or other hard sciences, not related with trading, are not really very optimal candidates for HFT job openings.
At the same time investment banks are thriving on HFT trading and are hiring to further expand their prop trading operations. Sorry for wasting your time.
Who engages in HFT?
Firms that engage in high-frequency trading include proprietary trading desks at a small number of major investment banks (like Goldman Sachs and Merrill Lynch), hundreds of the most secretive proprietary trading groups (like Wolverine, Renaissance Technologies, IMC and Getco) and less than 100 of the most sophisticated hedge funds.[2] As a rule, they tend to be secretive, stealthy, smart and relatively unknown.
http://www.wikinvest.com/wiki/High-Frequency_Trading_(HFT)
May be the supermarket near your home is named goldman sachs too, so you feel confused.
Ibank like goldman doesn't have HFT?
http://streetid.com/newsblog/?p=2290
this news must be fake!? Funny!
http://streetid.com/newsblog/?p=2290
this news must be fake!? Funny!
Quote from Makis:
No, no news. Now that I am thinking about it you are right. The perfect candidates for HFT jobs are MBAs with background in High Touch Trading. PhDs in physics or other hard sciences, not related with trading, are not really very optimal candidates for HFT job openings.
At the same time investment banks are thriving on HFT trading and are hiring to further expand their prop trading operations. Sorry for wasting your time.
So Goldman is still doing it everyday, why do you believe it is not and you jump in the market? Do you know what is really going on out there before you jump in?
http://www.cnbc.com/id/49103708
Quote from j2ee:
So Goldman is still doing it everyday, why do you believe it is not and you jump in the market? Do you know what is really going on out there before you jump in?
http://www.cnbc.com/id/49103708
I'm not really sure why you are being so combative. The Volcker rule was supposed to stop ibanks from short term trading. However, like everything else in life, it is being fought. I do seem to recall prop trading in these banks being shut down a long time ago. However, I'm not entirely sure if it went through.
Here is an article indicating Goldman Sachs got into trouble for doing some Prop trading. This indicates that the rule did go into effect.
http://news.firedoglake.com/2013/01/10/goldman-sachs-caught-prop-trading-again/
BTW, these links you are sending are 7 and 8 months old. A lot changes in that time!
Quote from earlyexit:
I'm not really sure why you are being so combative. The Volcker rule was supposed to stop ibanks from short term trading. However, like everything else in life, it is being fought. I do seem to recall prop trading in these banks being shut down a long time ago. However, I'm not entirely sure if it went through.
Here is an article indicating Goldman Sachs got into trouble for doing some Prop trading. This indicates that the rule did go into effect.
http://news.firedoglake.com/2013/01/10/goldman-sachs-caught-prop-trading-again/
BTW, these links you are sending are 7 and 8 months old. A lot changes in that time!
They still can do it as long as clients give them permission to do so. Then there is a very big grey color for them to workaround.
Why Renaissance Technologies is not even in top 100? Its performance is really that bad!?
http://www.bloomberg.com/news/2013-01-03/the-100-top-performing-large-hedge-funds.html
http://www.bloomberg.com/news/2013-01-03/the-100-top-performing-large-hedge-funds.html
As of February 26, 2013, the rule was still not implemented.[29] Occupy the SEC filed a suit in the Eastern District Court of New York naming the Federal Reserve, the SEC, CFTC, OCC, FDIC, and the U.S. Department of the Treasury and calling for the court to set a deadline for implementation.[30] Subsequently, it was reported that the Volcker Rule was not likely to be in effect until July 2014 and that some industry lobbyists were pushing for extension beyond that date.[31]
http://en.wikipedia.org/wiki/Volcker_Rule
So it is still not implemented yet at this moment.
http://en.wikipedia.org/wiki/Volcker_Rule
So it is still not implemented yet at this moment.
Quote from earlyexit:
I'm not really sure why you are being so combative. The Volcker rule was supposed to stop ibanks from short term trading. However, like everything else in life, it is being fought. I do seem to recall prop trading in these banks being shut down a long time ago. However, I'm not entirely sure if it went through.
Here is an article indicating Goldman Sachs got into trouble for doing some Prop trading. This indicates that the rule did go into effect.
http://news.firedoglake.com/2013/01/10/goldman-sachs-caught-prop-trading-again/
BTW, these links you are sending are 7 and 8 months old. A lot changes in that time!
Quote from Makis:
No, no news. Now that I am thinking about it you are right. The perfect candidates for HFT jobs are MBAs with background in High Touch Trading. PhDs in physics or other hard sciences, not related with trading, are not really very optimal candidates for HFT job openings.
At the same time investment banks are thriving on HFT trading and are hiring to further expand their prop trading operations. Sorry for wasting your time.
http://www.nasdaq.com/article/what-is-high-frequency-trading-cm235032#.UXG12EocPrY
Would you believe nasdaq?
Do I know the firms involved in HFT?
Goldman Sachs (NYSE: GS ) and Morgan Stanley (NYSE: MS ) are two of the well-known firms that reportedly operate HFT desks, but many are hedge funds and other firms that operate outside of the public eye.
was written on April 09, 2013, pretty update right?