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had lunch with some HFT traders
- Thread starter cactus_trader
- Start date
Quote from rosy2:
you are kidding? i worked with a lecturer there; he was an incompetent idiot who fell a sleep at his desk. He couldn't even keep track of PnL
No, I'm not kidding. One data point an argument does not make. I know a lot of guys that went through there that are trading for tier 1 firms in Chicago.
PTP is NTP on steroids, it keeps the clocks in multiple computers synchronized.
It has nothing to do with timestamps on tick data. That's the responsibility of the source when/where the trade occurs. Once the tick is timestamped it's not modified, it becomes part of the tick.
Quote from Maverick74:
Regarding number 2, you are spot on. I am shocked how many young kids on here asking about prop firms to trade when they have financial engineering backgrounds. When I heard what these kids were getting paid right out of school I was floored. FWIW, anyone in Chicago, IIT has an outstanding Fin Engineering program with courses taught by guys from top firms here in the city. Excellent connections there too when you get out.
Regarding item 3, how high were they?
2. yes, again if you want to make money and be in demand in finance go the HFT route and hang up the engineering idea right now. the money is double and the upside is huge. Fin Math is never going to go away.
You can land a job, in Chicago, NYC, CT, Houston (energy firms) etc in no time.
3. A nice SFR home in Hinsdale, Il value of about 1.0-1.2 mil $25k annual taxes
Quote from rosy2:
you are kidding? i worked with a lecturer there; he was an incompetent idiot who fell a sleep at his desk. He couldn't even keep track of PnL
again there is an exception for anything. 1 bad teacher is a blanket statement.
Northwestern offers programs, U of Chicago (Hyde Park area) seems to the be leader in Chicago for Fin Math, IIT as well. I think of U of I may even as too (located in Central IL but so many grads move to the city once done with school) I know NYU does too.
My background for studies is supply chain management and finance, but if fin math was an option then I would have gone that route
Quote from brocklanders:
So by your logic, McDonalds must also serve the best food in America? Hmmm...
Linux has 60% of the web server market and 95% of the supercomputer market btw just to throw some more statistics. There is a reason that the fastest computers in the world run Linux and this is probably a better judge of how good it is as an OS than comparing desktop market share. [/QUOTE
Again every firm where they interviewed/worked/have buddies at etc etc uses Linux