movie about HFT traders

[volpri]

Do they not teach paragraphs in school anymore?

ROFLMAO

 

[ZBZB]

https://www.rottentomatoes.com/m/the_hummingbird_project

78% no user reviews yet.

 

[Turveyd]

So it's a film about a programmer, writing some code and running it on there fast PC with a fast connection to the exchange, doesn't really sound gripping to me, maybe it crashes or there is a power cut.

Maybe good to see, what they go through to make the $$$'s they make but that's about it.

 

[syswizard]

Exchange fees are similar for all (adjusted for exchange membership in case of futures) while the market data is more expensive. The truly fast guys work directly with the clearing houses and are broker-dealers themselves so no commissions.

NO COMMISSIONS OR EXCHANGE FEES ?
My gosh, that's not fair. WTF.
I'm on IB's fixed rate right now at $2.09 per contract (Commish+Exchange)....and it's killing me.

 

[ZBZB]

NO COMMISSIONS OR EXCHANGE FEES ?
My gosh, that's not fair. WTF.
I'm on IB's fixed rate right now at $2.09 per contract (Commish+Exchange)....and it's killing me.

What product and how many lots do you do a month? Exchange seats have halved in price in the last year. Members do not have to pay the exchange fee per lot. You can trade through IB as.an exchange member.

https://www.cmegroup.com/company/membership/membership-and-lease-pricing.html

 

[syswizard]

What product and how many lots do you do a month? Exchange seats have halved in price in the last year. Members do not have to pay the exchange fee per lot. You can trade through IB as.an exchange member.

ES/NQ. 20,000 contracts per month....figure 1000 R/T's per day.
Ah, so renting a membership in the CME may be a good move. I could then go with IB's tier pricing which is favorable when trading over 500 contracts per day....

 

[sle]

NO COMMISSIONS OR EXCHANGE FEES ?

It depends on the exchange. For example, on CFE you get a marginal discount from customer fee levels if you are a TPH (for VIX futures it's like 1.45 to 1.1). On some exchanges all fees are waved, but the cost of the seat is much higher. Professional level commissions are pretty low compare to the fees, even non-HFT guys pay 5-10 cents per contract.

 

[abnormal]

you still find advantages to make arbitrage of two different exchanges in the same datacenter of equinix. i know a guy who does it. i think that do not arrive the best companies of hft because there is a low volume. about $20 million a day.

 

[ZBZB]

ES/NQ. 20,000 contracts per month....figure 1000 R/T's per day.
Ah, so renting a membership in the CME may be a good move. I could then go with IB's tier pricing which is favorable when trading over 500 contracts per day....

IOM seat traded at $32000. You will pay for it within weeks. Call CME membership department for details.

 

[syswizard]

"IOM" ???