Price for an Edge

"The London lawsuit, filed at the end of 2019, centered on a crucial automated trading model known as the ABC Strategy that cost Citadel Securities more than $100 million to develop."

And here we are at ET with some retailers thinking they can build a competitive algorithm in their basement like it is nothing.
 
DevBru said:
"The London lawsuit, filed at the end of 2019, centered on a crucial automated trading model known as the ABC Strategy that cost Citadel Securities more than $100 million to develop."

And here we are at ET with some retailers thinking they can build a competitive algorithm in their basement like it is nothing.
More...

And here it is (or maybe this is the100 Satoshi version):).
 
DevBru said:
"The London lawsuit, filed at the end of 2019, centered on a crucial automated trading model known as the ABC Strategy that cost Citadel Securities more than $100 million to develop."

And here we are at ET with some retailers thinking they can build a competitive algorithm in their basement like it is nothing.
More...
You sound bitter. Do you know for sure that a retail trader cannot develop a profitable algorithm or do you just hope it?
 
ph1l said:
And here it is (or maybe this is the100 Satoshi version):).
More...

That is not an algorithm, that is a trading system and you can be sure the algorithm is a whole lot more complex than just searching for an ABC pattern and set a fixed stop/target, otherwise it wouldn't cost more than $100 million to develop.

Either that or they hired the worst developers ever who completely ripped off Citadel.
 
DevBru said:
That is not an algorithm, that is a trading system and you can be sure the algorithm is a whole lot more complex than just searching for an ABC pattern and set a fixed stop/target, otherwise it wouldn't cost more than $100 million to develop.
More...

"Oh -- That's very different. ..."
Emily_Litella.gif

:D
 
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