minimax

10 ms·

61.
by minimax 11y ago
Basically in their rulebook it says that all prop (as opposed to agency) flow must be passive, and if they find aggressive prop flow from a member they can terminate the membership. The tie in to IEX is tenuous at best.
62.
by minimax 11y ago
One big factor in the success of these ETFs is automation (aka HFT). You don't get SPY quoted in size at a penny spread without the massive investments in research and technology on the part of the ETF market makers.
63.
Fight Over Sale of London Stock Exchange Is About to Get Nasty(bloomberg.com)
2 points by minimax 11y ago|0 comments
64.
by minimax 11y ago
Yeah for a given price, fully hidden and the non-displayed portion of iceberg orders will be ranked (generally by time priority) behind any displayed shares. Most of the rules are meant to incentivize displayed size.
65.
by minimax 11y ago
1) A U.S. equities exchange has to be registered with and approved by the SEC. There are currently 12 of them. As a registered exchange you have to play by certain rules, and in exchange your displayed top of of book is subject to the order
66.
by minimax 11y ago
This is almost right. NYSE and Arca are two separate exchanges (both owned by NYSE). Both exchanges offer FIX and binary gateway protocols. Annoyingly, the Arca binary protocol and the NYSE binary protocol are not the same protocol. NYSE do
67.
by minimax 11y ago
One of the reasons that there are currently so many stock exchanges in the US is that while you aren't allowed to quote at subpenny levels, if you have several exchanges with different levels of make/take fees, you effectively hav
68.
by minimax 11y ago
The pay in these sorts of articles is always overhyped. As with any business, the people making the most money at these kinds of firms are the owners of the firms. Consider this line “As a trader, if you do well, you will retire before you
69.
by minimax 11y ago
In the US, the 30 year fixed rate mortgage is the most popular type of mortgage by a wide margin.
70.
by minimax 11y ago
I think the other thing that changed is that branch predictors are roughly infinitely times better than they were in 1980. The is-this-subscript-ok check should be easily predictable and I wonder if these checks even cost anything in a hot
71.
by minimax 11y ago
The rate difference only benefits hedge funds if USDJPY also plays along. That trade has fx risk and you're making it sound like a sure thing. If USDJPY goes the wrong way, the trade loses money and the average joe whose savings accoun
72.
by minimax 11y ago
A leveraged fx position and an interest bearing savings account have very different risk profiles and it seems silly to compare the two.
73.
by minimax 11y ago
It kind of sounds like Zenefits is looking at some heavy (multi million dollar) fines, and they're trying to drive the narrative before fines and regulatory actions are announced.
74.
by minimax 11y ago
Yes. It's because of the idiotic way the Dow formula works. The Dow is a price weighted index. To compute the value of the Dow, you sum the per-share prices of the constituents and divide by a magic divisor. So a $50 move in GOOG (~6.6
75.
by minimax 11y ago
local IPAs are $15 Is that actually true?
76.
by minimax 11y ago
Do you think there are monopolies in electronic market making? I think there are tons of firms out there trying to be good at it in different asset classes, and a few that are really good at it in lots of asset classes. I'm not sure
77.
by minimax 11y ago
I thought you were making the argument that reducing tick sizes would reduce the amount of effort put into reducing latency (or reducing the overall amount of prop HFT volume), but I guess I was wrong about that. The idea that reducing tick
78.
by minimax 11y ago
I think a better way to change exchanges is to dramatically decimalize the price levels. The idea that reduced tick sizes would force traders to compete on price rather than time is a popular HN market microstructure solution, but it&#x27
79.
by minimax 11y ago
... they never seem to answer the question of why someone who is not an HFT firm would want to trade on an exchange that caters to high frequency traders (as basically every exchange does). There are a number of incorrect assumptions buil
80.
by minimax 11y ago
I wouldn't say it was a complaint but the k is definitely what caught my attention. https://en.wikipedia.org/wiki/Big_O_notation#Multiplication_...
81.
by minimax 11y ago
I agree with you and I meant it as a genuine complement.
82.
by minimax 11y ago
O(kN) If this is trolling you're doing a very good job.
83.
by minimax 11y ago
As in Javascript, awk represents all numeric values using double precision floating point. I have always thought that was a strange (but not necessarily bad) choice for a language that is basically all about text processing. I guess it work
84.
by minimax 11y ago
I really loved playing this game on Steam and I would happily pay for more levels. I wonder how useful TIS-100 would be for teaching programming. The limited instruction set and number of registers make for a very simple and easy to underst
85.
BATS Resurrects IPO Plan Three Years After a Botched Attempt(bloomberg.com)
3 points by minimax 11y ago|0 comments
86.
EU Transactions Tax Plans Unravel into 2016 as Governments Clash(bloomberg.com)
2 points by minimax 11y ago|0 comments
87.
by minimax 11y ago
According to the Stephan Brumme website you linked to, the slice-by-8 lookup table is 8K and the slice-by-16 table is 16K, so your combo version of crc32 needs 24K of L1 cache to run at full speed. Modern server class CPUs typically have 32
88.
by minimax 11y ago
I read more about the slice-by-N algorithms because they sounded really interesting. The way they work is by using a set of lookup tables that are 4k to 16k in size (larger lookup table for larger N). The reason they are fast is because the
89.
by minimax 11y ago
I'm not sure this is a great article, but I went down the rabbit hole anyway and eventually landed on some pretty cogent thoughts from Linus Torvalds regarding flaws in the Geekbench benchmarking methodology. http://www.real
90.
by minimax 11y ago
Meanwhile, Qualcomm, which is developing the technology, plied journalists with breakfast and lunch in an effort to convince them LTE-U was totally benign. As much as I like the idea of a bunch of scheming Qualcomm executives sitting arou

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