minimax

20 ms·

151.
As Silence Falls on Chicago Trading Pits, a Working-Class Portal Also Closes(nytimes.com)
2 points by minimax 12y ago|0 comments
152.
by minimax 12y ago
There are a couple of complaints I have seen. 1) That orders that are "pegged" to the NBBO at dark pools may execute at inferior prices relative to the true NBBO. If the market moves from 20.23 x 20.24 to 20.24 x 20.25, you can in
153.
by minimax 12y ago
The best-known purpose (or "intention") of a dark pool is to allow huge buy-side institutional investor to move large blocks of securities. That is the raison d'être for only a couple of dark pools (mostly the older ones li
154.
Blythe Masters joins cryptocurrency startup(ft.com)
1 points by minimax 12y ago|0 comments
155.
by minimax 12y ago
I don't think this is true It is 100% true. The way the DJIA is computed is by summing the share prices of each of the 30 constituents and then dividing by a magic constant (the divisor). When you think about it this way it's o
156.
by minimax 12y ago
Alibaba is listed on the NYSE, so it isn't included in the NASDAQ composite index.
157.
by minimax 12y ago
ETF stands for exchange traded fund. This will trade over the counter (OTC) and won't be listed on an exchange, so it isn't technically an exchange traded anything. The other problem is that there is no creation process for publi
158.
by minimax 12y ago
So-called managed futures funds — which trade the futures contracts of stocks, bonds, currencies and commodities — gained an average of 15.2 percent last year, according to Societe Generale unit Newedge. This probably isn't obvious t
159.
Why staying private sucks, if you’re a tech company(fusion.net)
4 points by minimax 12y ago|0 comments
160.
Superfish Raises $10m Series D Round(finance.yahoo.com)
1 points by minimax 12y ago|0 comments
161.
High-Speed Firm Virtu Revives IPO Plans(wsj.com)
1 points by minimax 12y ago|0 comments
162.
Protecting Client Interests: Anonymity in US Equities(mechanicalmarkets.wordpress.com)
5 points by minimax 12y ago|0 comments
163.
by minimax 12y ago
The thing with WebSockets is that they are message oriented. WebSockets endpoints are presented with a series of distinct messages, whereas stdin/stdout are stream based and you have to build messaging on top, if that's what you w
164.
by minimax 12y ago
There is another article in this same edition of the ACM Queue. http://queue.acm.org/detail.cfm?id=2536492 It goes a bit further into the mechanics of market maker profitability. Does your simulator reflect what your queue
165.
by minimax 12y ago
You are trying to fit the futures markets into the US equities model. Open outcry and Globex are two separate markets. Open outcry quotes don't show up on Globex. Traders in the pits have handheld devices that allow them view quotes an
166.
by minimax 12y ago
In the pit you have a mixture of brokers (near the outside) who are working orders for financial institutions and other clients, and prop traders (a.k.a. "locals") who are trading their own money.
167.
by minimax 12y ago
I do believe it was a party in there, just not one that anyone but the most well connected and capitalized had any access to. Except it was the exact opposite of that. The archetypal Chicago futures pit trader was a normal guy off the str
168.
Turn Out the Lights, the Party’s Over(streetwiseprofessor.com)
107 points by minimax 12y ago|50 comments
169.
Michael Masters on speculation, oil, and investment(ftalphaville.ft.com)
1 points by minimax 12y ago|0 comments
170.
by minimax 12y ago
Did you read this part? Tur’s foreign investors need invest only $500,000 because the federal government agreed that the Lakeshore East development is an area of high unemployment. Lakeshore East, a community of high-priced apartments, is
171.
by minimax 12y ago
Orders should be anonymous or explicitly attributed. What I'm taking issue with is the grey zone coinbase has created where you are mostly anonymous but you might be leaking some identifying information via public client order ids. If
172.
by minimax 12y ago
(Thoughts from someone who works in this space) Exposing _all_ order entry traffic on the public market data feed is not great, especially the part where they expose client generated order uuids on the public feed. This allows market partic
173.
by minimax 12y ago
https://www.uber.com/jobs/list I count 680 open positions in 145 unique locations posted there. Pretty impressive.
174.
by minimax 12y ago
Taleb has written literally hundreds of pages on risk management and if you don't consider any of that as context, I guess you could assume he literally meant to get short some delta one treasury product. I think that's a little b
175.
by minimax 12y ago
Shorting treasuries in 2010 was a popular sentiment. I'm sure you could have found a similar suggestion in the WSJ at the time. It is extremely unlikely, given Taleb's background as an options market maker, that he would have expr
176.
by minimax 12y ago
There is a good section about currency bands in Nassim Taleb's first book, Dynamic Hedging. It's a fairly technical book about risk management for options traders, but the section on Market Barriers is particularly germane. I thin
177.
Swiss Franc Move Cripples Currency Brokers(wsj.com)
7 points by minimax 12y ago|1 comments
178.
by minimax 12y ago
The faster different markets come to agree on a price for similar instruments, the more efficient the markets are. The profit opportunity for the fastest arbitrageur drives competing arbitrageurs to compete. Ergo arbitrageurs are working wi
179.
by minimax 12y ago
If you want to argue in favor of a centralized system of allocating brain power from each according to his ability and to each according to his need, fair enough. Let's try it and see how it works out.
180.
by minimax 12y ago
there is a bit of a winner take all here and a race to the bottom (meaning highest cost way of accomplishing the service) It's true that the fastest arbitrageur takes most of the profit, but when we say the cost is going up (i.e. the

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