mruts

9 ms·

31.
by mruts 7y ago
How do you know that? People in the industry haven't confirmed much of anything about them except they make a retarded amount of money.
32.
by mruts 7y ago
Just because things are computerized doesn't mean firms are willing to provide liquidity. The number of natural counter-parties at any one time are low, this is where HFT comes in, as market makers. Also if you look at the pricing mech
33.
by mruts 7y ago
I mean that part is true and is exactly how markets are supposed to work, but the conclusions he draws are just bizarre. He makes the argument that HFT is the classic story of the fat cats stealing even more money from the little guys. But
34.
by mruts 7y ago
I assure, as someone who worked alongside of traders and had access to hundreds of hedge fund portfolios, that you are wrong.
35.
by mruts 7y ago
This article isn’t very good or informative. Many, maybe even most, of these “black-box” strstegies are derivarive of work done over 40s years ago at Chicago. Certainly there are a few firms doing truly innovative work such as RenTec or 2 S
36.
by mruts 7y ago
Yes, but they weren’t the dominant paradigm. The major push toward automation for both the buy and sell-side came after the crash of 2007/2008. Moreover, very few funds pursue completely automated strategies. Quantitative giants like D
37.
by mruts 7y ago
I don’t. As someone in the industry, almost nothing in that book is actually correct. Moreover, HFT is a very small part of the industry and is not particularly profitable. Quantitative investing as a whole is becoming more and more popular
38.
by mruts 7y ago
This is a pretty worthless article. I can set up OpenSMTP in 10 minutes, and I bet it is more performant, stable, and well designed despite suffering from the lack of “coolness” that Node.js undoubtably excels at /s Maybe there is some
39.
by mruts 7y ago
Democracy and freedom are as if not more important than economic opportunity. Free markets, free minds. China provides neither.
40.
by mruts 7y ago
That sounds similar to what I would tell my parents I spent my money on when I used to ask them for money when I was addicted to heroin. This “study” is total garbage.
41.
by mruts 7y ago
+1 for OpenBSD. For C, it’s the nicest platform around. I love the system man pages and the like you said, they have a lot of nice system and library functions to use as well. Also it’s pretty easy to copy the C stuff to new OSes as well fo
42.
by mruts 7y ago
How are you guaranteed to make random uniformed trades? Moreover, you said above that you are only “probably” screwing yourself. And you’re right, unless you love investing and deeply care about making alpha, it’s probably not for you. But
43.
by mruts 7y ago
It means the order is first sent to a HFT firm. They can either fill or pass the order on. HFT firm pays the broker for this priviledge. These firms like retail order flow because it’s generally uncorrelated with institutional flow. Also th
44.
by mruts 7y ago
How does one go about finding stuff like this? Also how much time did it take to research and develop the full exploit? Sounds like a lot of work, especially if you’re not getting paid.
45.
by mruts 7y ago
A nice course to get started in quant finance is Udacity's AI for Trading[1]. It covers factor models, with a specific focus on equities. [1] https://www.udacity.com/course/ai-for-trading--nd880
46.
by mruts 7y ago
LTV is a fundamentally classical liberal idea, so it really shouldn't be that surprising. Even so, the supply and demand model offers a much more coherent vision of prices in the marketplace. As such, we can view working more than anyo
47.
by mruts 7y ago
I mean, Vatican City is probably the oldest research hub in current existence.
48.
by mruts 7y ago
> Being forced in to wage slavery to survive in this system doesn't sound particularly free. That's like saying I was forced into heroin addiction because I felt bad. Let's be real for a second: people have choices, and th
49.
by mruts 7y ago
Sure it is. Most people I know could never, ever, cut it as a developer. Most people are just too stupid. And most developers are pretty stupid as well, so that’s saying something.
50.
by mruts 7y ago
FB tried to acquire Snap for 3B, but Spiegel turned them down...
51.
by mruts 7y ago
I find this romanticism of reading a little odd. When I was a kid and teenager I was a voracious fiction reader, finishing a couple fantasy or sci-fi novels a week. My parents always thought I was involved in some virtious activity that was
52.
by mruts 7y ago
>You can absolutely do anything you can do in Erlang in another language. Some tasks will be easier, or harder, however. Lots of languages have actor systems. But how many have preemptive multi-tasking on these actor systems? I can'
53.
by mruts 7y ago
You should try selling it to the DPRK, except tuned to a different frequency.
54.
by mruts 7y ago
DXM is really strange. Not to mention the robo walk.. got in big trouble when I was a teenager on that stuff. Absolutely impossible to hide, physically at least.
55.
by mruts 7y ago
A more accurate statement would be that most fund managers care about geopolitics too much, and quants too little.
56.
by mruts 7y ago
The oyster farmer eats more oysters than everyone else. The money farmer eats more money than anyone else.
57.
by mruts 7y ago
Yeah that’s pretty insulting, honestly. Black or Sholes were making >10m as thought leaders in banks. It’s surprising to me that finance is so passe as a career despite the fact, as Matt Levine said, “they are run as employee run co-ops.
58.
by mruts 7y ago
I assume Chinese investors are going risk-off and piling into Chinese bonds. Meanwhile foreign investors with Chinese equity exposure are definately not trading that for Chinese currency and inflation exposure. I imagine those investors are
59.
by mruts 7y ago
My idea of human potential is giving them the freedom i decide what they value. Incidentally, capitalism does exactly this. Free markets, free minds. All societies fall short of this ideal, but America definately delivers more than anyone e
60.
by mruts 7y ago
I think Vatican City qualifies as being wealthy af.

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