vostok

58 ms·

601.
by vostok 10y ago
I think the LTCG issue is more common in VC and PE. That's not even touching QSBS. I probably disagree with the preferential taxation given to these categories, but I'm definitely willing to change my mind. Hedge fund managers wil
602.
by vostok 11y ago
Excellent point. I should have been more specific.
603.
by vostok 11y ago
One note is that it's my understanding that running Linux or even FreeBSD will mean that you can't hit 1Mpps if that's important to what you're doing.
604.
by vostok 11y ago
Wouldn't it be reasonable to have a sanity check that can be bypassed by the user? It is very likely to be a mistake if there's no full stop in the address, but there are exceptions [0]. I would like to see a warning if I accident
605.
by vostok 11y ago
I heard this story about Ian Goldberg, Anguilla, and the obvious email address.
606.
by vostok 11y ago
I don't know how appealing that is. Even from a GUI perspective, moving from Linux to Windows is such a huge step backwards. I have to keep an eye on a whole bunch of things at work so I only run a Windows box for one or two pieces of
607.
by vostok 11y ago
I agree with most of your comment. I never understood the idea behind prop 13. A naive interpretation seems to be that it lowers taxes on the one item where dead weight loss is very low. This is in addition to the argument that it's a
608.
by vostok 11y ago
>If you think you are able to pick out better fund managers, then you should be picking stocks instead. I'm not sure this is right. You wouldn't say that you should be designing if you think you can hire a designer. There'
609.
by vostok 11y ago
I'm pretty sure the NUC is overpriced, but I didn't really care enough to optimise any further.
610.
by vostok 11y ago
I used to have an 11" MacBook Air of a similar age. It broke so I was about to buy a new one before I discovered that they still don't have retina displays and have a very small amount of ram. They quoted such a high price for rep
611.
by vostok 11y ago
An index fund is not its index. The distinction is important because the latter does not include management fees, transaction costs, and financing. From here it's easy to see how an index fund might beat the market.
612.
by vostok 11y ago
AVP is something like the equivalent of senior software engineer rather than team lead. There are even plenty of MDs that are just individual contributors. Titles in finance usually reflect pay band rather than any sort of management role.
613.
by vostok 11y ago
> so it is expected that µs-scale trading creates even more volatility. Could you help me understand why this might be expected?
614.
by vostok 11y ago
I'm not sure that this would slow down HFT, but it might cut costs for consumers. It would definitely be a good idea to have different tick sizes for different products as it's odd that the most liquid products and the least liqui
615.
by vostok 11y ago
For what it's worth, I am a trader at an HFT firm and my pay is comparable to what my friends in similarly competitive tech roles make. We are talking about the levels of compensation that are always mentioned here and generate discuss
616.
by vostok 11y ago
I am an active participant on an exchange that functions in this way. As others have mentioned, this structure does not negate the benefits of speed. Someone else already asked what you would do if there are more buyers than sellers (or vic
617.
by vostok 11y ago
It is not obvious to me that the error would not accumulate. In fact, the opposite becomes somewhat clear if one looks at similar products that differ mainly in their lack of an arbitrage mechanism.
618.
by vostok 11y ago
> Microsoft reallocates its purchases of employee free soda to 20% Coke / 80% Pepsi. You joke, but I bet you could get a leading indicator if you looked at companies reallocating from European fizzy drinks to Coke/Pepsi.
619.
by vostok 11y ago
We're just talking about entry-level salary, right? I've heard really high numbers for first year total compensation.
620.
by vostok 11y ago
I think this characterisation of Wall Street is a little disingenuous. Just to use Goldman as an example: it's hard to claim that SSG, MSI, UIG, and others are acting in anything approaching a "purely facilitatory role" as yo
621.
by vostok 11y ago
Internalization disincetivizes people from making tight markets in lit venues because you will only get filled when an internalizer thought the flow was toxic. This in turn means that markets are wider for all participants.
622.
by vostok 11y ago
I think it is odd to conflate "bright people reducing the latency of trades" with "rigging and illegal activity". It seems to me that the former are rarely involved in the latter. One only needs to look at the libor case
623.
by vostok 11y ago
I really appreciate your response. >Idealist me thinks that Wall Street should invest in those companies they believe in and wish to assist in achieving their business goals. It seems that the general trend is against banks taking propri
624.
by vostok 11y ago
Are you saying that Wall Street should be taking larger proprietary positions? Not a criticism, just curious.
625.
by vostok 11y ago
>My solution? Let anyone into the country as long as they can prove that they are receiving a salary of > 125,000$ /year. Perhaps the real solution would be to approve H1B visa applications for the top N salaries. You're cle
626.
by vostok 11y ago
As someone for whom English is not the first language, I have only ever heard the latter form. Thank you for sharing this information.
627.
by vostok 11y ago
> They are bunch of very sad, very pathetic wankers. Their job has less meaning than any other job I can think of. I would love to solve the problems that one would encounter in this industry if I did not have to avoid it for moral reaso
628.
by vostok 11y ago
It's not hard to see who benefits from these taxes. You avoid the tax by trading a swap/CFD/forward (outside the U.S., if necessary). This means that your market maker is a bank instead of an HFT firm. More of the order flow
629.
by vostok 11y ago
>Seems to me that as an "average" investor I'm going to get taxed 3 times now. The underlying index trades, my own entry and exit from the index and on the gains from the trade (hopefully). I don't have a view on whet