5 ms·
Hmm -- my understanding is they were one of the biggest low latency trading shops. Biggest in the sense of percentage of profits generated this way. Maybe som
by earl 17y ago
Hmm -- my understanding is they were one of the biggest low latency trading shops. Biggest in the sense of percentage of profits generated this way. Maybe some of the changes the SEC is pushing through lead to this.
Also, he's stupidly fucking rich. Sometimes calling in rich is the right thing to do.
- osipov 17y ago>biggest low latency trading shops RenTec always made money from superior quant analytics. Like almost everyone else in quant business, they used high volume, low latency trading, so it wasn't a differentiating factor. Hence I doubt SEC would have grounds to go after them on low latency or more specifically on front running orders using low latency capabilities.
- SkyMarshal 17y agoIt may just be, as one of the Zerohedge commenters mentioned, that Jim isn't about to be investigtated, he just sees the writing on the wall - SEC under political pressure to curtail HFT, which has been his bread and butter - so he's getting out at the top of the game and moving on to something else.