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Virtually no hobbyist would be able to compete against big financial firms' hardware and algorithms. It might be a smart move for a large high frequency tradin
by rauljara 16y ago
Virtually no hobbyist would be able to compete against big financial firms' hardware and algorithms. It might be a smart move for a large high frequency trading firm to put out these sorts of tools for free. An incredibly easy to use free api with good (though not superior) speed would be pretty popular. More subpar competition == more money for them. Though, admittedly, probably nowhere near what they are making now.
- spitfire 16y agoAlready exists, It's called ETrade.
- yummyfajitas 16y agoVirtually no hobbyist would be able to compete against big financial firms' hardware and algorithms. This simply isn't true. There are many HFT firms started by hobbyists/amateurs. The company I work for started this way. HFT is a field which has many niches and relatively low barriers to entry (thought certainly not as low as renting a linode).
- SkyMarshal 16y agoYeah, they're running out of marks and suckers, so it's time to get the average joe into the HFT game, just like they did with stocks and currencies.