5 ms·

HFT in my backyard – III

142 points by rubenv 12y ago

Luc 12y ago
That is some quality open-source intelligence gathering. I'm not in that industry but I still find it fascinating to read how he manages to figure out and puzzle together all this data.
slashnull 12y ago
The suspense for the announced parts IV and V is just unbearable. Makes me want to buy his books.
- film42 12y ago
  For reals, though. I feel like I'm reading a spy themed "Flash Boys." Keep it up!!!
gaius 12y ago
I've visited the Sea Forts, well worth it if you get a chance. You used to be allowed to stay on them overnight... Actually if you know (or are) a friendly skipper, you probably could still get away with it.
bazzargh 12y ago
Whoah. Article is worth reading for the Sint Pieters Leeuw tower staircase alone. Looking forward to the rest!
dafiveid 12y ago
Superb series of articles.
phyalow 12y ago
Can somebody tell me if the books are available in English? Everything seems to point they are French only. Also are 5, 6 - 5|6 and 0 - 1 all separate pieces of literature?
Istof 12y ago
I heard a while back that to be the biggest winner, you need to be in the nano-second range for your latency (for example, you would need to rent server space at the stock exchange and not be running any firewall/etc to have minimum latency) ... I don't think that he is talking about the large players in his articles because he is still in the millisecond range which is very slow for this purpose. In 2011, microseconds were apparently for big players (http://www.youtube.com/watch?v=kjIdzBtTBnI http://www.youtube.com/watch?v=kjIdzBtTBnI)
- phyalow 12y ago
  Trust me he is talking about the large players - not all of them but a decent chunk of them.
- hueving 12y ago
  When you are conducting arbitrage between exchanges separated geographically, you are in the millisecond range. That limit is the speed of light and there isn't anything you can do about it except for make the path absolutely as straight as possible. What you are thinking about is colocating with an exchange to react to events happening specifically on that exchange. In that scenario, nanoseconds do matter quite a bit.
ranty 12y ago
WHY? Why not just put the servers in London in the first place? Surely the Stock Exchange has some horrendously expensive colo you can buy?
- phyalow 12y ago
  Because the Deutsche borse etc are obviously not situated in London.

142 points by rubenv 12y ago

Luc 12y ago

That is some quality open-source intelligence gathering. I'm not in that industry but I still find it fascinating to read how he manages to figure out and puzzle together all this data.

slashnull 12y ago

The suspense for the announced parts IV and V is just unbearable. Makes me want to buy his books.

film42 12y ago
For reals, though. I feel like I'm reading a spy themed "Flash Boys." Keep it up!!!

gaius 12y ago

I've visited the Sea Forts, well worth it if you get a chance. You used to be allowed to stay on them overnight... Actually if you know (or are) a friendly skipper, you probably could still get away with it.

bazzargh 12y ago

Whoah. Article is worth reading for the Sint Pieters Leeuw tower staircase alone. Looking forward to the rest!

dafiveid 12y ago

Superb series of articles.

phyalow 12y ago

Can somebody tell me if the books are available in English? Everything seems to point they are French only. Also are 5, 6 - 5|6 and 0 - 1 all separate pieces of literature?

Istof 12y ago

I heard a while back that to be the biggest winner, you need to be in the nano-second range for your latency (for example, you would need to rent server space at the stock exchange and not be running any firewall/etc to have minimum latency) ... I don't think that he is talking about the large players in his articles because he is still in the millisecond range which is very slow for this purpose. In 2011, microseconds were apparently for big players (http://www.youtube.com/watch?v=kjIdzBtTBnI http://www.youtube.com/watch?v=kjIdzBtTBnI)

phyalow 12y ago
Trust me he is talking about the large players - not all of them but a decent chunk of them.
hueving 12y ago
When you are conducting arbitrage between exchanges separated geographically, you are in the millisecond range. That limit is the speed of light and there isn't anything you can do about it except for make the path absolutely as straight as possible. What you are thinking about is colocating with an exchange to react to events happening specifically on that exchange. In that scenario, nanoseconds do matter quite a bit.

ranty 12y ago

WHY? Why not just put the servers in London in the first place? Surely the Stock Exchange has some horrendously expensive colo you can buy?

phyalow 12y ago
Because the Deutsche borse etc are obviously not situated in London.