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What kind of self-respecting HFT firm has revenue targets? Surely you're talking about P&L.
by totalZero 6y ago
What kind of self-respecting HFT firm has revenue targets? Surely you're talking about P&L.
- jimbob21 6y agoThey're nearly the same thing in the hedge fund's case. Most of them take some variant of 2&20 still, so 20% of fund profits is their revenue.
- hawk_ 6y agoHFTs are not hedgefunds and generally are marketmakers.
- FabHK 6y agoHFT shops are not hedge funds. They don't need much capital, and I'd say that many have no outside investors. So, their trading PnL minus cost of running the operation is the net profit. On the other hand, the trading PnL will typically be a tiny part of their total trading volume (maybe a few bp).
- deleted 6y ago[deleted]
- dcolkitt 6y agoTrading revenue. As in “Goldman reported trading revenue of $X”