derriz

50 ms·

601.
by derriz 6y ago
Yes this is a very good way to think about it. I've had this argument many times - it's seems the web has endless sources erroneously "explaining" how retail banking works that has convinced people that there is shenanig
602.
by derriz 6y ago
> Where there are no false pretences there is no fraud It most certainly would constitute fraud if a bank were to issue gold certificates for more gold than it had claim to - whether allocated or unallocated. What happens during a bank r
603.
by derriz 6y ago
I groan every time I read something along the lines of "before long, they began issuing additional receipts for gold even if they were not backed by a deposit. This came to be known as ‘fractional reserves banking’ – lending out far mo
604.
by derriz 6y ago
Another wonderful tiny slice of LR is when he's interviewed about Jimi Hendrix (search for "Little Richard on Jim Hendrix" on youtube - it's a very short video). I must have seen it 20 or 30 times as I was a Hendrix fan
605.
by derriz 6y ago
I’ve written code (a year or so ago) against the IB API and it seemed clear to me that the API was a thinish skin over multiple backend systems. The feed you get for products from different markets (even different futures markets) was diff
606.
by derriz 6y ago
I think this touches on a general point which the author misses. If you are already viewed as an alpha intellect in the group (or say you are viewed as one of the best software engineers in your company), then you have the luxury of being a
607.
by derriz 6y ago
This was posted here recently: https://www.euromomo.eu/graphs-and-maps It only covers Europe but effects of Covid-19 are easy to see. For example during the peak, about 85,000 Europeans were dying per week as opposed to th
608.
by derriz 6y ago
That's not front running. You can only front run and order if you're handling the order for a third party. Being faster than someone else isn't "front running" them nor is spotting patterns in other participant&#x2
609.
by derriz 6y ago
But how would doing that constitute front running? Front running has a specific definition in terms of market regulation (see my other comment) and what you describe is not front-running.
610.
by derriz 6y ago
I don't understand your point or how it explains how HFT companies can "front-run" other HFT companies? Front-running is when someone with a fiduciary duty - typically a broker or dealer - takes an order from a client and the
611.
by derriz 6y ago
I also worked in HFT and have no idea what you mean when you say other HFT shops can front-run your orders? To front run someone’s order you need to have advance information of their order s? Normally this means the front runner is operati
612.
by derriz 6y ago
I don’t think it is. I worked for one of the major HFTs and new graduates earned far less than that. In addition the churn rate was high - I’d say most new graduate hires didn’t last more than 2 years and what you learned in those 2 years w
613.
by derriz 6y ago
"So you want to argue Poland with 8.5% growth has higher living standards than Germany" - why would I want to argue that? I mean I've said absolutely nothing about living standards and neither did you? Why not simply read wh
614.
by derriz 6y ago
Hmm takes about 5 minutes of googling to find annualised GDP per-capita growth rates for countries. Using the 1990-2015 period (because the numbers are directly available on wikipedia: https://en.wikipedia.org/wiki/Lis
615.
by derriz 6y ago
I normally do not like listening to the "blunt talking" Michael O'Leary but there's something extremely refreshing about an airline CEO stating bluntly that airlines should NOT be given bailouts by governments. The way
616.
by derriz 6y ago
It's not only Ryanair - Air France are doing the same.
617.
by derriz 6y ago
Perhaps because the claim "The way EU works is by letting monopolies in a few west European countries expand their market to east" is clearly ludicrous as a summary of how the EU works? I mean, the EU - ignoring the name changes o
618.
by derriz 7y ago
Why would you expect them to be closer? The respective government responses were very different - the UK initially decided to to pursue a "herd immunity" strategy - i.e. do nothing to stop the spread of the virus. In contrast, t
619.
by derriz 7y ago
For me it's not at a similar level. For one, banks are far more regulated than Amazon is. If governments funded departments with 10s or 100s of thousands of employees monitoring and regulating cloud computing services, then it might
620.
by derriz 7y ago
Why would you bother to even write such comment? You didn't even read the first line of the article did you? It is about refugees from the Syrian war and the effects of war trauma on civilians. The rest of your claims are just silly -
621.
by derriz 7y ago
You make it sound like the upgrading process is something to be savoured when for many it's the opposite. Upgrading a code base because of language evolution is pure cost for most people. It's a relatively risky and almost zero-r
622.
by derriz 7y ago
The difficulties with CPI are well known to economists and anyone interested in historical finance. But its flaws are insignificant compared to using the price of gold as a measuring stick - given how volatile its price is. By your method o
623.
by derriz 7y ago
Do you know of anything worth reading for CMake? The official docs are too sparse to be useful to me and the results of googling mostly give stale advice. I also have being easing into CMake recently - I was initially impressed as getting a
624.
by derriz 7y ago
"A few seconds to make" is a slight exaggeration no? I had such a grinder/Gaggia set-up and it took time and effort. Producing good espresso at home without very expensive automated machines, is a commitment. There's a
625.
by derriz 7y ago
Great response - I really appreciate the detail and also commend the tone you use. It makes me a little worried that I came across as too negative earlier. To balance that: I haven't forgotten the "WOW WHAT IS THIS" feeling
626.
by derriz 7y ago
Yep - it's very annoying but for me it only happens with markdown cells? So now I generally select all and copy now before leaving a markdown cell if I've edited it. The other issue is the language server seems to get into a funk
627.
by derriz 7y ago
Ha - you’re correct of course. I saw the a^2 term and thought that can’t be right. Note to self - before attempting to correct others, check the “correction”.
628.
by derriz 7y ago
Don't you mean we want "(a/b) + (a%b) = a"?
629.
by derriz 7y ago
Well if you were Irish - who had been subjects of the deposed king - it's probably unlikely that "confused" would capture your feelings. Estimates vary widely among historians when it comes to proportion of the Irish populat
630.
by derriz 7y ago
How does the lack of an order book make the process of trading simpler and/or more efficient? An order book that could handle 1 million TPS could be written in Java and run on a single cheap (sub $1000) piece of commodity hardware. An

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