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I've heard rumours about a high-frequency trading shop doing that, too
by yread 7y ago
I've heard rumours about a high-frequency trading shop doing that, too
- closeparen 7y agoWeird. Can't they work from home?
- pengaru 7y agoMost home offices don't have 16 displays attached to the desk
- leetcrew 7y agomine would if I made that kind of money.
- kevin_thibedeau 7y agoI'm waiting for someone to bring the vertically curved video slot machine displays to market for general use. Those would make a nice personal command center.
- tachyonbeam 7y ago16 displays so you can save the time it would take you to switch desktops and physically move your chair around to look at different windows instead? I bet it looks really fancy and cool.
- pengaru 7y agoI was mostly kidding, though they do tend to have what amounts to a videowall attached to the trading desks from what I've seen in photos shared by friends working in HFT. What I suspect is a larger barrier is their paranoia. It'd surprise me if any HFT firm was comfortable with equipping the homes of its traders with everything needed from the bespoke software to appropriate hardware etc. They're very protective of their trade secrets and wouldn't want that stuff sitting around in the homes of employees where it can be either copied or otherwise scrutinized.
- deleted 7y ago[deleted]
- heavenlyblue 7y agoI have an acquaintance who’s a trader and the company had installed a 16-display rig in their house last week (London).
- closeparen 7y agoThat's more for someone doing the trading than someone designing the trading robot (HFT).
- topher200 7y agoThere might be latency issues. Although I'd expect that any decisions which are being made which require such latency are automated decisions running on a on-prem machine anyway...
- uoaei 7y agoNeed folks on-site to manage the on-premises machines in case of outage.
- deleted 7y ago[deleted]
- scott00 7y agoMy firm (options market making, not exactly HFT, but close) has most people working from home successfully, but some are having problems with flaky internet. If I was the owner of a big shop I would probably want at least a skeleton crew in the office. A regional Comcast outage could easily take 90% of the remote employees offline.
- closeparen 7y agoThe same risk would seem to apply to most Silicon Valley oncall rotations every night.
- iffybookmark 7y agoWeird to single out HFT's. Isn't everyone working from home right now? Especially since, in times of market turmoil, HFT's are an important market participant. Someone needs to catch the knives. Also they're probably having their most profitable periods since 2008, so I'd imagine there's a lot of incentive (for employees and owners) to keep trading whenever possible.
- majos 7y ago> Weird to single out HFT's. Isn't everyone working from home right now? “That” in parent comment is being sequestered at work, so the opposite of working from home.
- babypuncher 7y agoThat seems wrong to me, I would hardly consider HFT to be a critical infrastructure. They should be sending most of those employees home.
- hinkley 7y agoWell, can all agree that HFTs think very highly of themselves, and thus self-identifying as critical is unsurprising if dubious?
- systemvoltage 7y agoHFT should be banned and there should be a 15 minute delay before trade execution.
- kwhitefoot 7y agoAnd that delay should be randomized.
- ramblerman 7y agoThat's a beautiful solution, hadn't considered that. You would instantly take almost all the wind out of their sails, with a simple random delay.