HockeyPlayer

10 ms·

61.
by HockeyPlayer 11y ago
At the proprietary trading group where I work, the three core developers own the company. And we care greatly about the code quality, as it is our money on the line.
62.
by HockeyPlayer 11y ago
The trades actually came off a DJ Newswire headline and not the tweet, but it doesn't change the point of the article.
63.
The Wolf of Wall Tweet(slate.com)
2 points by HockeyPlayer 11y ago|1 comments
64.
by HockeyPlayer 11y ago
This post is too pessimistic. If this startup gets to a $1b valuation, you will likely have some avenues towards liquidity. 10x dilution would be extreme.
65.
by HockeyPlayer 11y ago
Can anyone comment on the technical architecture this kind of system uses? I assume data flows are TCP instead of UDP? As soon as you let anyone pause or skip you need to be streaming different data to each client.
66.
by HockeyPlayer 11y ago
Pick up some local nights & weekend work on Craiglist. You want $5k in 2 months, that means you need to charge $50/hour and work 15 hours/week for 7 months.
67.
by HockeyPlayer 11y ago
you have been working for a year on the MVP and are now asking what features you should include?
68.
by HockeyPlayer 11y ago
I'm surprised and impressed that they were in Uber's B round. It isn't uncommon for firms to invest in late stages of huge successes so they can list the firm as an investment; but B round is actually taking risk.
69.
by HockeyPlayer 11y ago
buying the bid without it going offered there. Then you sell the offer and have earned the spread.
70.
by HockeyPlayer 11y ago
They took the $10.8m in December 2013 revenue and multiplied by 12 to get the $130m number.
71.
by HockeyPlayer 12y ago
I've heard good things about www.modafinilcat.com
72.
Ask HN: Invested via AngelList, should I expect updates?
2 points by HockeyPlayer 12y ago|0 comments
73.
by HockeyPlayer 12y ago
Casetext? They already did a annotated SAFE: https://casetext.com/contract/simple-agreement-for-future-eq...
74.
by HockeyPlayer 12y ago
I'm 41, grew up playing with my Dad, who is now 74 and my Grandfather. He was a straight pool player from Missouri, usually called it 14-1. My best run is 17.
75.
by HockeyPlayer 12y ago
From looking at market volumes, I think a skilled group using trading software could probably sell a few million USD worth of bitcoin per week without giving up a huge edge. But I agree that this is one of the few ways to get liquidity on a
76.
by HockeyPlayer 12y ago
They didn't include any discussion of: 1) execution (are they expecting to buy on the bid and sell the offer?). 2) commissions. They only made 3,362 yuan on 2,872 trades. A yuan is about 12 cents, so they are making 15 cents USD per
77.
by HockeyPlayer 12y ago
My concern is that the investor doesn't understand what is happening. Someone goes out to hit a bid, but actually a prop group has paid to see their intention before it goes to the market, and can choose to participate or not. But I&#
78.
by HockeyPlayer 12y ago
I run a ~15 person prop group in Denver and we have access to the fastest connections on the routes we care about. Paying a retail broker for flow is distasteful to me, I'd rather compete in the marketplace for edge.
79.
by HockeyPlayer 12y ago
In addition to some superb coders, mathematicians and traders, we have several fairly low skill positions.
80.
by HockeyPlayer 12y ago
You are correct on all counts. a) we have more than 10 people in our 4,000 square feet. b) we have lots of extra space. c) we pay well, most people make more than $10k/month.
81.
by HockeyPlayer 12y ago
loumf is correct, even if our offices were in Chicago, we'd still be colocating the trading servers at the exchanges.
82.
by HockeyPlayer 12y ago
Those rents are insane. I run a HFT firm in the suburbs of Denver, and we have a beautiful office on a golf course for $20/square foot. For a 10 person firm using 4,000 square feet, that is an extra $20k per month, which could hire y
83.
by HockeyPlayer 12y ago
Can you explain how?
84.
by HockeyPlayer 12y ago
I'd be worried that Uber and the like are going to destroy the value of a taxi medallion.
85.
by HockeyPlayer 12y ago
I just talked to a couple of people who trade options in the pits, and it is amazing how much cleaner and fairer the electronic markets are than the old system.
86.
by HockeyPlayer 13y ago
I've never heard of a VC leveraging up with borrowed money. Who would be on the hook if the fund loses money?
87.
by HockeyPlayer 13y ago
From that equity share, I'm guessing you are a founder. You won't be offered preferred stock, that will likely be reserved for future investors.
88.
by HockeyPlayer 13y ago
> As far as we know, it never works. Only because when it does work, you never find out.
89.
by HockeyPlayer 13y ago
I can't find the exchange rate they use. It always makes me nervous when that isn't clearly shown.
90.
by HockeyPlayer 13y ago
At those larger size, the bid/offer spread becomes much more significant, and is usually a bigger cost than the commission.

More ›