hey HFT scum, yeah, you. Watch this

Can't resist one more :p but do you care to provide a link to the 50 laid offed traders story?

BTW I did find one from last year it was mentioned:

"Steven Schonfeld, the owner of trading firm Schonfeld Group Holdings LLC, has remained unaffected by the financial crisis.

The 50-year-old is getting attention after it was reported he bought a new $90 million dollar house on Long Island".

Oh I feel so sorry for Mr Schonfeld (notice the spelling) that he will now have to buy all his freakin toil paper at Costco since he probably has about 14 bathrooms to keep stocked.

Yeah he must be hurting big time.
 
Quote from brownegg:

Just to give some color/context:

Right now the fastest one-way information flow from Chicago <-> NJ is ~ 7.6ms. There are some setups that can prioritize / optimize / massage certain things lower than that, but it's a more-than-adequate baseline. That number will be dropping by more than 1ms (one way) in the very near future.

The fastest systems around right now can receive a market data update, process whatever necessary logic, construct whatever orders appropriate, risk check them, and have them back on the wire in < 50us. That's 0.000050 seconds. I'll pull a load number out of my ass and say this is for "moderate" saturation, say, 500k msg/s.

Many HFT firms are very profitable in the 100-200us processing time range. It depends a lot on whether you're trying to do true arb, monetizing flow, etc.

For logic engines co-located at Carteret (the NASDAQ matcher location), it's possible to receive data, process it, and respond to it in less than 1ms from when the exchange published it. Other setups, locations, exchanges, etc., alter the picture, but you get the idea.

What I'm referring to here is NOT an unfair advantage per se; anyone could finance / construct the exact same setup. I'm not making light of the fact that the barriers to entry are substantial, I'm just saying they're not regulatory or structural.

Winston is right re: using HFT as an execution overlay on other alpha buckets is quite common, and makes the "execution as its own alpha" discussion less stressful.
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it took me a minute or two to read your post, another minute or two to hit and wait for reply page ,type this and hit submit,the only thing that could use that speed advantage would be a program on a computer,and the only way to control changes in that setup fast enough ,long,short,flat hold, would be another computer,these things will bring the market to its knees one day....in the meantime they will wipeout a lot of starting traders making it so hard that the paper will just dry up, mom and pop are paractically gone, eventually there will be only computer against computer and no paper
 
eventually winston will own the world, didnt ya know? hes a smarty. went to school and all.


You are posting too soon after your last post. Try again in a few minutes.

hft but lfp.
 
After making my daily billion scalping C, I thought I'd draw up a quick routine that anyone can use if stock777 isn't paying enough attention to their particular thread. It's pseudocode, but the algorithm should be trivially implemented in most modern languages.

Code: 
#include "bullshit.h"

while (true)
{
  print("WAAAAAAAAAAAAAAAAAA");
}

I thought I'd need an exception handler, but a quick survey of the board didn't find any.
 
SOES?

In ancient times there were real market makers willing to sell and buy 1000's of shares . You could 'instantly' execute against those quotes no matter what was happening in the market. And they didn't move at sub millisecond speed.

Fat slobs with the reflexes of an 80 year old man could pick off 1000 lots of volatile stocks and make 50 cents a share in seconds.

This money machine came to an end when the MM's decided that fat slobs have no right to their money.

So most of the fat slobs went back to driving cabs and plucking chickens.

A few became HFT slobs.

The End
 
Quote from stock777:

this is MY thread rottenegg. I pay much less attention to others.
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maybe you should spend some time in other people's threads instead of creating so many of your own
 
Quote from WinstonTJ:

maybe you should spend some time in other people's threads instead of creating so many of your own
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pretty feeble, even for you. running out of lies ?
 
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