harmegido

11 ms·

61.
by harmegido 11y ago
That's interesting that you know this depression is going to happen. How much money have you placed on this certainty? There's a few different ways you can short the Chinese economy. You'd be crazy not to if this is as sure a
62.
by harmegido 11y ago
I don't think it's that good of an idea. If the allocation is random, participants will counter by sending in more orders than they want, to increase their chance of getting a fill. The microstructure will look similar to a market
63.
by harmegido 11y ago
For what it's worth, the Fed Funds future markets are priced at a predicting a ~70% chance of a rate hike.
64.
by harmegido 11y ago
You've got that backwards - a rate hike has a downward impact on equities, because they are priced in dollars.
65.
by harmegido 11y ago
There will be someone left to speak for me, because every time I see this kind of bigotry I will speak up for my fellow humans. Pre-judging someone based on a trait they have/belief they share is not acceptable.
66.
by harmegido 11y ago
I just watched Schindler's List again recently. I kept thinking, "how could this happen?"
67.
by harmegido 11y ago
But then stopping terrorism should fall somewhere around where the statistics say it should on priority list (adding in the anger/trauma). So right around vending machine accidents or whatever? Those are additive as well. Terrorism dis
68.
by harmegido 11y ago
But "pick randomly" just devolves into pro-rata, which already exists in many products and has its own problems (namely that participants show more than they want). The more volume you show in this scheme, the more volume you get
69.
by harmegido 11y ago
See my question above for an answer on why they are not more prevalent. If you break ties based on FIFO, you've just created a clunky FIFO match, which is used everywhere. If you break ties randomly, you've just created a clunky p
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by harmegido 11y ago
How do you resolve the case where there are 20k shares on offer, and two participants each place bids of 20k? Who of the buyers gets filled?
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by harmegido 11y ago
This isn't trading though - it's playing middle man. You forgot to mention that the trader offering to buy $20mm of stock is sitting there looking at a screen telling him that real market makers are posting bids of $721 on the Nas
72.
by harmegido 11y ago
| Noam doesn't make a data-based argument. He uses an anecdote. And that argument is then countered with another anecdote. The only way to really win this argument is by releasing all the data. Not thinking that's likely to happen
73.
by harmegido 11y ago
I think there are legitimate hurdles robo-advisors need to climb to convince potential clients to join. Investing is something that should be done with a fairly long time-frame (10+ years). Of the companies listed here, how many do you thin
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by harmegido 11y ago
It doesn't work though. Lets say there are 500 lots bid at a price and 700 lots offered at the same price. Which of those 700 lots on the offer gets filled once the 5-second call occurs?
75.
by harmegido 11y ago
I don't buy that the order books are shallower than previously. I'd love to see evidence of it. People also complain that 'as soon as the markets move, the HFT firms get out of the way and the liquidity disappears.' As i
76.
by harmegido 11y ago
That part about Brad Katsuyama in the beginning made me so angry. Here's a 'hero' trader making literally millions of dollars per year, and he has no idea how the stock market actually works. It would be like UPS getting piss
77.
by harmegido 11y ago
No there's a minimum spread that will exist because market makers won't make markets so tight that they are losing money. If they can't make money on the spread, then what's the point of posting that spread? These discus
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by harmegido 11y ago
The economist article linked here references (and uses in their rankings) data from https://collegescorecard.ed.gov/ , which is put out by the US Dept of Ed. Looks like there's some additional metrics in there that may
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by harmegido 11y ago
I'm pretty sure the point is that if everyone buys a Tesla, they become the big company.
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by harmegido 11y ago
You should get flak for this. If you were building a team, you would be judging a person based on a group they belong to, not the person. You would also be doing something illegal (assuming you are in the US and the person is over 40).
81.
by harmegido 11y ago
Sure, just take the moral high ground while people needlessly die. I'd rather the insider make money nefariously than tsk-tsk about what he should have done if it means preventing attacks.
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by harmegido 11y ago
My only guess would be that it more quickly gets you to the subject. If you don't care about fantasy sports, you're unlikely to care regardless of the predicate used.
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by harmegido 11y ago
Not exactly. This is an example of a change that would positively benefit millions of people a little bit and likely negatively impact (tens of?) thousands of people greatly. The overall benefit would be positive, but the majority aren&#x27
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by harmegido 11y ago
That makes no sense. Here let me rephrase it: "Americans love commuting. If not, they wouldn't be spending millions of hours in their cars each year to get to work!
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by harmegido 11y ago
There was a huge market movement on a hacked AP tweet claiming Obama was injured/under attack a while ago. If you're doctor evil, this is your new best way to make a lot of money. The appropriate regulatory body would probably not
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by harmegido 11y ago
Well it'd all be news. Here's the steps: 1) Fed makes announcement (news generated) 2) Machine traders read news and make appropriate trades 3) Markets move (if big enough, news generated) 4) Machine traders see markets move, poss
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by harmegido 11y ago
How do people feel about journalists (and others) using hacked information?
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by harmegido 11y ago
Isn't that problem solved by the 'canary in the coal mine' ? A company can have strong privacy language in their documentation. If any or part of that language disappears suddenly one day, you can know that a government force
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by harmegido 11y ago
Here's your nitty-gritty: If a participant places a large buy order into the IEX, this is going to affect the price of that asset, both at the IEX (obviously) and anywhere else it is listed, along with any correlated assets. Now, the o
90.
by harmegido 11y ago
I don't know enough about IEX to know whether the below is true. If IEX has this 'magic shoebox' mechanism in place, it might follow that they care about establishing a fair exchange in other ways too. There are hundreds of w

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