minimax

14 ms·

91.
by minimax 11y ago
I'm not sure what exactly you mean by block (in terms of size), but let's say you have a stock and the average number of shares at the inside (best) price is X. If you are trying to trade 10X shares, you aren't just going to
92.
by minimax 11y ago
The stock market is incredibly liquid: for any stock listed on an exchange, you can buy almost any quantity and sell almost any quantity, at any time the market is in session. I think that sentence would make most professional equities tr
93.
Web-Shopping Deluge Boxes in Landlords(wsj.com)
2 points by minimax 11y ago|0 comments
94.
by minimax 11y ago
Here are some articles from the local Chicago press from the last time this came up: http://www.wbez.org/news/chicago-polices-so-called-black-sit... http://www.chicagotribune.com/news/local/br
95.
by minimax 11y ago
Maybe I have misunderstood your comment, but my understanding is that any flaws that may exist in the market are relatively small problems relative to the issues arising from the increased regulatory requirements (Sarbanes Oxley, etc) for p
96.
by minimax 11y ago
Twitter filed a Form 8-K with the SEC this morning. https://www.sec.gov/Archives/edgar/data/1418091/000156459015... I'm not a securities lawyer, but I think the basic idea is that news about the lay
97.
by minimax 11y ago
If you liked this article you'd probably also enjoy the book "Wind, Sand, and Stars" by Antoine de Saint-Exupery. It's all about his time flying as an airmail pilot through the Alps, over the Sahara, and crossing the Sou
98.
by minimax 11y ago
The NY/Chicago arb trade is futures vs equities. In other words it's two separate products with highly correlated prices. On one side are the futures contracts and on the other side are the underlying stocks (and ETFs). As long as
99.
by minimax 11y ago
I don't think I was making an argument about the cost of mutual funds vs ETFs, but claiming mutual funds are more expensive than ETFs is silly. There are high cost ETFs just like there are high cost mutual funds. You have to look at th
100.
by minimax 11y ago
A mutual fund manager is not the same as a private wealth manager. Robo-advisors are replacements for private wealth managers. For example, a robo-advisor could recommend a human-managed mutual fund, or a human wealth manager could recommen
101.
by minimax 11y ago
Some people (of which I'm one) don't have anything good to say about Flash Boys. On the other hand I don't think there are many people who have bad things to say about IEX or Brad Katsuyama. They are doing their thing and the
102.
by minimax 11y ago
This is actually a really interesting question. They would have to show size at the inside otherwise sweeping under Reg NMS would be impossible (you have no way of knowing how many shares to clear the protected quote). Also they already hav
103.
Vegas sportsbooks take hit on big day for NFL favorites(espn.go.com)
2 points by minimax 11y ago|0 comments
104.
by minimax 11y ago
I think he is lumping dark pools in with exchanges. Technically there are only 11 registered US equity exchanges and any displayed quote has to be accessible to all market participants under nondiscriminatory terms. Dark pools OTOH tend to
105.
How to Catch Spoofers Who Manipulate Markets(bloomberg.com)
8 points by minimax 11y ago|0 comments
106.
by minimax 11y ago
I recently did ORD-HKG and spent quite a lot of time thinking about ETOPS diversion airports over Siberia (because honestly what else are you gonna do). Now I'm wondering if you can even land a fully laden 777 at any of them. Most of t
107.
by minimax 11y ago
It doesn't matter. You don't have to trade the stock at its listing exchange.
108.
by minimax 11y ago
The NYSE is only one of 11 registered US equity exchanges. There are other exchanges that open earlier and close later (for example the NYSE owned Arca exchange trades from 4am to 8pm Eastern).
109.
by minimax 11y ago
I know it's anecdotal, but I have heard from some of my human prop trader friends about guys who made a killing buying on Monday morning.
110.
by minimax 11y ago
The US equity index futures opened for trading (as usual) at 5pm Chicago time on Sunday night. Two of the biggest US equity exchanges (NASDAQ and Arca) start trading in a pre-market session at 4am NYC time. The futures hit their own limit d
111.
by minimax 11y ago
The morning of 8/24 was more complicated than that because lots of these stocks/etfs had hit their Reg SHO thresholds, which restricted the ability short sell into a resting bid. https://www.sec.gov/divisions/
112.
by minimax 11y ago
He meant ban market orders rather than ban ETFs.
113.
by minimax 11y ago
Also, Market Orders are ALWAYS executed before limit orders, even if the limit makes it executable. In the continuous market time priority rules. If a marketable limit order arrives before a market order, the limit order executes first.
114.
The One-Man, $1.2B ETF Shop(bloomberg.com)
11 points by minimax 11y ago|2 comments
115.
by minimax 11y ago
There are about 40 active registered ATSs for trading US equities. It's a high number but it's not thousands.
116.
by minimax 11y ago
My order came back saying that I had bought 0 shares. And the quote from the exchange now read “500 shares available at $120.” Maybe I don't get the full picture, but it sounds like you have to poll via REST API to query the book? Mo
117.
by minimax 11y ago
Alternatively you can cut/paste the GAS syntax and use gcc. gcc -nostdlib hello.S -o hello This example uses the old 32-bit syscall invocation mechanism, which works fine under 64-bit Linux. It might be a useful exercise to try
118.
by minimax 11y ago
But if you're a rogue trader, or god forbid a lone 30 year old in your parents basement, off to the big house for you. What? No. They broke into servers at PR Newswire and Business Wire and used the stolen MNPI to make trades. There
119.
by minimax 11y ago
This also has the false dependency problem (using eax as the popcnt destination register three times), and neither one of your VC examples is using the 8 byte popcnt instruction.
120.
IEX, Ideology, and the Role of an Exchange(mechanicalmarkets.wordpress.com)
23 points by minimax 11y ago|2 comments

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