smabie

16 ms·

181.
by smabie 3y ago
Compensation for employees in HFT tend to be extremely high . Employee comp number one cost for any trading firm.
182.
by smabie 3y ago
Middle men provide real value, that's why you buy almost all of your stuff thru them.
183.
by smabie 3y ago
This is the best post I've found that actually describes what it's like to run a HFT firm / desk. Probably best article ever written about HFT. For me HFT is the most interesting job one can have and it requires you to be goo
184.
by smabie 3y ago
There's a lot of non equity securities?
185.
by smabie 3y ago
Reality is surprisingly complicated.
186.
by smabie 3y ago
There's tons of existing languages that are mostly okay that you can develop a webapp in. Rust as a C++ replacement serves a real unmet need in the marketplace.
187.
by smabie 3y ago
It's just tech debt
188.
by smabie 3y ago
That's not true, NCs / gardening leave last about a year.
189.
by smabie 3y ago
Yeah I think you are wrong, and quants don't actually think like that.
190.
by smabie 3y ago
Yeah these are classic quant finance papers, but all in all not super helpful for anything except a basic foundation.
191.
by smabie 3y ago
That's not the same feature tho
192.
by smabie 3y ago
Businesses serve whatever the needs of the owner are. If Hideyuki is uninterested in profit, more power to him. However if another business owner only cares about making a (legal) profit, then more power to him.
193.
by smabie 3y ago
I feel like they are.. not so awesome: they are grossly inefficient due to all the pointer chasing and are pretty much guaranteed to be slower than the alternative since they trash your cache.
194.
by smabie 3y ago
This is so true.
195.
by smabie 3y ago
Just buy a m2 mac then?
196.
by smabie 3y ago
I mean if someone dies young they won't be part of it
197.
by smabie 3y ago
Why does anyone actually care about this? So much drama about a guys talk getting downgraded? The language being used in this whole controversy suggests something actually meaningful happened, when in reality it's just completely banal
198.
by smabie 3y ago
Think it's pretty dubious to call Rust a functional language at all: most Rust is written in an almost imperative style, but with some extra immutability sprinkled in when easy. Coming from a functional background, when I first started
199.
by smabie 3y ago
Literally no considers that to be the case? Like I have never met anyone who would consider declaring an integer variable "allocation"
200.
by smabie 3y ago
I would uhhh.. take what he said with a grain of salt
201.
by smabie 3y ago
Everyone is trying to squeeze everyone else, including you. This isn't about sociopathy, this is just the human condition.
202.
by smabie 3y ago
You think apps should never change their interface.. ever?
203.
by smabie 3y ago
This is a product that is sold. That should tell you enough. That is, this stuff doesn't contain any alpha
204.
by smabie 3y ago
But if software is getting slower doesn't that apply you do need a faster cpu unless you are okay running outdated software?
205.
by smabie 3y ago
Does she have unlimited funds?
206.
by smabie 3y ago
You're saying all Pandas usage (an incredibly popular library) is because people don't want to use SQL?
207.
by smabie 3y ago
I mean, they can beat the exchanges because retail flow is highly non toxic and taking the other side isn't risky. This is the essence of PROF price improvement.
208.
by smabie 3y ago
Yep. I agree that HN is a terrible place to a rational financial discussion
209.
by smabie 3y ago
This doesn't answer his question.
210.
by smabie 3y ago
While perpetuals are riskier, you're under playing the risk of traditional futures: even though your rate component is locked in if you hold to expiry, you could still get liquidated in the meantime if the curve moves violently against

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