5 ms·
I don’t. As someone in the industry, almost nothing in that book is actually correct. Moreover, HFT is a very small part of the industry and is not particularly
by mruts 7y ago
I don’t. As someone in the industry, almost nothing in that book is actually correct. Moreover, HFT is a very small part of the industry and is not particularly profitable.
Quantitative investing as a whole is becoming more and more popular, while HFT isn’t.
- chrisweekly 7y agoAs someone in the industry, you're also unavoidably biased. This isn't snark or accusation, just a factual observation.
- tigerBL00D 7y agoSomeone in the industry might just have a slightly better idea of what's really going on and that's largely what HN is about.
- onaraft 7y agoAnother factual observation is to look at Virtu's recent earnings numbers. They're basically pivoting as hard as they can to get out of speed-based HFT and into execution services, because the profitability of the former is cratering.
- rb808 7y agoYeah Virtu's market cap is about the same as Groupon. I hardly doubt they're emptying the pockets of every American here.