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I work at a very successful HFT. It’s a special place, but we’re not advancing the state of the art in fundamental science like the Bell Labs/Microsoft Research
by chicagoengineer 3y ago
I work at a very successful HFT. It’s a special place, but we’re not advancing the state of the art in fundamental science like the Bell Labs/Microsoft Researches of the world.
- user_7832 3y agoSorry, what's HFT?
- Nullabillity 3y agoHigh-frequency trading, I'd assume. Exploiting the stock market for profit.
- lotsofpulp 3y agoOr providing liquidity to reduce transaction costs for everyone.
- FirmwareBurner 3y agoHow high are the costs and how much can you reduce them before you reach diminishing returns? Will it reach zero?
- lotsofpulp 3y agoIt is pretty close to zero. Has anyone thought about how much a trade of a broadly traded security will cost them in recent times, or ever thought it would not happen near instantly?
- esafak 3y agoHow frequently do you think most people make such transactions?
- lotsofpulp 3y agoI don’t know about individuals, but there are quite a few people exposed to transactions costs via 401k/IRA/taxpayer funded pensions/etc.
- vineyardmike 3y agoI haven't incurred a trade in a 401k in a decade. Sub-milli liquidity is absolutely unnecessary for me.
- cpitman 3y agoEven making deposits into the account incurs transactions. Sure, speed doesn't matter here, but overhead does.
- psychlops 3y agoA huge black hole of mental energy spent slicing pennies and seconds, creating nothing.
- mnky9800n 3y agoWhat are you advancing?
- oh_sigh 3y agoThe number of digits in their bank account.
- wills_forward 3y agoCitadel or Jump?