4 ms·
This extraordinary performance was not limited to Goldman - many of the high speed trading outfits managed to earn similarly impressive numbers (albeit on a sma
by elecengin 17y ago
This extraordinary performance was not limited to Goldman - many of the high speed trading outfits managed to earn similarly impressive numbers (albeit on a smaller absolute scale)
As you can imagine, the market conditions in a period of such volatility were ripe for statistical arbitrage and other high speed strategies.
- dtf 17y agoI'm no expert in such matters, but from the tone of his article (and those of the comments) I think the author is implying that this is due to a large amount of book-cooking, rather than any genuine HFT activities.