Kennedy Leaving SCOTUS

Max E. said:
How much you want to bet? I didnt say i traded 100mm i said we floated 100 mm worth of orders we got filled on less than 1% on a daily basis all on non news stocks, it was systems based trading, but we needed buying power to FLOAT THE ORDERS. Didnt we? or am i making that up too?
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What do you have to bet? Bankrupt and a 450 FICO isn't super hard-on inducing on my end.

So you're not trading a neutral book of $100MM... your flow is $100MM and you're FOK on <$1MM.

It's meaningless. On the buy-side you've got risk-limits, which in my line are gamma(or theta) per underlying and global. At Millennium my global limit on theta (easier to asplain) was $350K. Yuri was the risk-manager on the equity vol. He preferred using a dollar-figure/gamma due to GBM.

Millennium is a pretty big outfit. I hear they're over $30B now.
 
Max E. said:
Ive posted lots of my trades but this will be the last post to you, you dont seem to know the difference between FLOATING an order and FILLING and order, adios muchacho! :D
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I get it; I do. I don't see the logic of you babysitting some order $0.30 below the market and calling that a book when in reality you're sitting on a few hundred grand in book-risk. It's laughable.

Pics or it didn't happen. I have my doubts that you have ever traded a day in your life.
 
destriero said:
What do you have to bet? Bankrupt and a 450 FICO isn't super hard-on inducing on my end.

So you're not trading a neutral book of $100MM... your flow is $100MM and you're FOK on <$1MM.

It's meaningless. On the buy-side you've got risk-limits, which in my line are gamma(or theta) per underlying and global. At Millennium my global limit on theta (easier to asplain) was $350K. Yuri was the risk-manager on the equity vol. He preferred using a dollar-figure/gamma due to GBM.

Millennium is a pretty big outfit. I hear they're over $30B now.
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You win, i suck at trading, you are the best, game over, this is why ET is useless.... :D
 
Max E. said:
Ive posted lots of my trades but this will be the last post to you, you dont seem to know the difference between FLOATING an order and FILLING and order, adios muchacho! :D
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So this is not the last post? You want to try again?
 
destriero said:
So you're not trading a neutral book of $100MM... your flow is $100MM and you're FOK on <$1MM.
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I never said im trading a book of 100 million i said i was FLOATING ORDERS WORTH 100 MILLION AND ONLY GOT FILLIED ON 1% read the fucking book dude. Read the headline, dont make an ass of yourself, cause thats what your doing.
 
Max E. said:
Ive posted lots of my trades but this will be the last post to you, you dont seem to know the difference between FLOATING an order and FILLING and order, adios muchacho! :D
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So the floating orders are lighter? Less filling? Are they tethered, like with a string so they don't float away?

The filled orders sound heavy. I bet you BSDs had a lot of Maalox around!!1
 
Max E. said:
I never said im trading a book of 100 million i said i was FLOATING ORDERS WORTH 100 MILLION AND ONLY GOT FILLIED ON 1% read the fucking book dude. Read the headline, dont make an ass of yourself, cause thats what your doing.
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Last post #3. #archived.
 
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