vostok

36 ms·

331.
by vostok 9y ago
I know this isn't related to the article, but I'm also surprised that the author had never worked with the trace given that they work in graphics, their company is called Binomial, and their product is called Basis.
332.
by vostok 9y ago
Of course you hear the same complaints about GNU Coreutils. In general complaining about GNU-isms and GNU bloat is a time-honored tradition
333.
by vostok 9y ago
Why does this change whether or not you can estimate it that way? The tick size in the US is at least $0.01 for reasonably priced names so it's completely unrealistic to expect an HFT to make money on every trade. When people talk abou
334.
by vostok 9y ago
Do you think Virtu takes more or less money from the market than the market makers they displaced?
335.
by vostok 9y ago
This article is a pretty transparent advertisement for IEX.
336.
by vostok 9y ago
> It may have worked for him because the broker was amendable to changing their agreement but by not having representation the person above may still have overpaid by 2%. Or you might have representation and still overpay by 2%. It'
337.
by vostok 9y ago
This happens with full price agents too. In my experience, their "expertise" is really just confidence and bluster. Commissions are high not because real estate salespeople are good, but because they are inefficient and because th
338.
by vostok 9y ago
Or >= 300k CHF, but it's 1am in Zurich. Or similarly large amounts in GBP if you don't limit yourself to the continent. I know at least one American unicorn will pay far more than €100k in cash to new graduates in London.
339.
by vostok 9y ago
With the inevitable trend toward public healthcare, I just hope that we're able to tax these kinds of products. I don't want to pay higher taxes just so we can provide extra medical treatment to people with alcohol/red meat&#
340.
by vostok 9y ago
Do you think all sex workers are prostitutes?
341.
by vostok 9y ago
Do you think tech doesn't have these problems? I suspect you're going to say that you've never personally seen it, but culture can vary a lot from desk to desk in finance. Stereotypically, you have cash equities at one extrem
342.
by vostok 9y ago
Paying someone for sex is not the same as harassing your coworkers. You're also extremely naive if you think this doesn't happen in every other sales heavy industry. London just happens to have a large financial sector. I can assu
343.
by vostok 9y ago
Have worked on Wall Street. It's not worse.
344.
by vostok 9y ago
As a child, I really liked the nut flavored Turkish delight. I never liked the regular rosewater flavor though.
345.
by vostok 9y ago
> Google gifted schools Chromebooks, which seems like an incredible act of charity. Except for the fact that you have to pay a subscription to Google to use them. Do you happen to have a reference for this? G suite for education is free
346.
by vostok 9y ago
Smoked fish, pickled fish, and dried fish are all popular in Russia.
347.
by vostok 9y ago
Intuitively, you can think of this as providing the name of a variable as compared to an lvalue that doesn't name a variable.
348.
by vostok 9y ago
When Goldman trades an OTC derivative with you, they're necessarily taking the other side. The value is that you transfer risk to Goldman at a price that you think is too low and that Goldman thinks is too high. Don't get me wrong
349.
by vostok 9y ago
Let's not ahead of ourselves. Earning $20k in Poland does not make you super rich. It's probably like making $100k in the US excluding NY, SF, similar places. Statistically, you're rich, but you won't feel that way.
350.
by vostok 9y ago
I think that $100k feels middle class to me and you, but the reality is that it's a large multiple of median household income even in places like San Francisco and Manhattan.
351.
by vostok 9y ago
What about the 18% increase for a $10,000 BI per household. The 90th percentile household makes ~$140k. Even at California's tax rates such a household currently pays ~30% in income taxes including payroll taxes if you assume no mortga
352.
by vostok 9y ago
Can you explain how you arrived at 75% effective tax rate for the top 10% and 90% marginal tax rate for income over $1 million? The math isn't working out for me.
353.
by vostok 9y ago
High income earners in big cities are not typically considered to be part of the middle class. This proposal still lets them (us) keep the golden handcuffs because post tax income is still monotonically increasing in pre tax income under th
354.
by vostok 9y ago
If you make median income then the above math means that this program has no effect on you. It doesn't matter what the rich do or don't do or what waste is involved in the program. I would bet that (a) the rich already lobby to pa
355.
by vostok 9y ago
I'm simply demonstrating that there exists a tuple (tax increase, basic income) that does not affect the median household. Note that post tax income is still a monotonic function of pre tax income. This is one of the reasons why I supp
356.
by vostok 9y ago
> Will the middle class want higher taxes so that they can receive little to no benefit? Seems politically unlikely to me. I think the idea is that you raise taxes such that the middle class sees no difference, the rich pay more in taxes
357.
by vostok 9y ago
I was referring to these two parts. > Look, my view is that people put too much energy in shaving off microseconds to get to the exchange. > This has no benefit for the non HFT traders in general.
358.
by vostok 9y ago
Have you considered that one or both parts of your view might be incorrect? Regardless, let's assume that your view is correct. Did you read my response? I explained why your proposal would still involve people racing to trade in micro
359.
by vostok 9y ago
This is the best proposal I have seen so far. 1. It actually reduces HFT profits. 2. It actually benefits the markets.
360.
by vostok 9y ago
Suppose I am making markets in SPY. I need to know where everything else is trading so that I can price it. If my prices are stale by a millisecond then I get filled on my SPY market making orders, but can't get my hedge in the other p

More ›