vostok

14 ms·

121.
by vostok 8y ago
That's part of thr reason that they pay for the flow. They're able to sell at $100.01 off exchange even if there was someone else who was willing to sell at $100.01 on the exchange first. This also why I think payment for order fl
122.
by vostok 8y ago
Seeing/selling order flow is a term of art in finance. Seeing order flow refers to the ability to trade against customer orders. Selling order flow is getting paid by someone else for the ability to trade against customer orders. Imagi
123.
by vostok 8y ago
Right, but 100% efficient is pretty bad. Heat pumps can be 300% efficient for example.
124.
by vostok 8y ago
Heat pumps are usually more efficient than incandescent bulbs at heating.
125.
by vostok 8y ago
They're not really dividing aleph_0 by aleph_1. The important thing is that it has measure 0, but you can easily have a set with cardinality aleph_1 and measure 0. There are also no ironic quotes around "equals". The measure
126.
by vostok 8y ago
> A house in Brooklyn went for $2500 [3], so if you wanted to be a city girl, save up for 8 years and you could own it free and clear. That's fascinating and does sound roughly analogous to today.
127.
by vostok 8y ago
I'm saying that they are normal total comp figures at outlier companies not outlier total comp figures at outlier companies. Of course they are outliers compared to the rest of the world.
128.
by vostok 8y ago
> I didn't realise exactly how high compensation was in the Bay Area. Important to note that $300k isn't really a typical number for a midlevel developer in the Bay Area even if it is a typical number for Google and similarly c
129.
by vostok 8y ago
> Many of the women who worked in the mills would "retire" in their mid-late 20s or early 30s, having saved up the majority of their wages. Thanks for sharing. I was under the impression that this was a relatively new phenomeno
130.
by vostok 8y ago
What was your Google offer?
131.
by vostok 8y ago
You get refreshers so, no, it's not just base once your initial grant runs out. In a normal case, especially early in your career, the refreshers are larger than the initial grant as you get promotions and raises. This is not necessari
132.
by vostok 8y ago
1) Index funds have human traders. 2) Human traders will generally trade products that aren't automated or will trade products that are automated in sizes that aren't automated. They will also oversee the automated trading.
133.
by vostok 8y ago
> To be nitpicky, in the US, engineer means you graduated from an ABET accredited program in something like: Chemical engineering, mechanical engineering, civil engineering, electrical engineering, industrial engineering, computer engine
134.
by vostok 8y ago
Do you have a source saying that they're declining?
135.
by vostok 8y ago
Having worked in trading (not IB, but the recruiting process is similar) - it's useful to know that relatively few people get into IB and fewer stay in IB or go on to MF PE. Corporate jobs pay significantly less and make up a much grea
136.
by vostok 8y ago
I'm very surprised that economics and finance are higher than computer science. I would have expected that corporate finance jobs would have brought the average below that of CS.
137.
by vostok 8y ago
I'm not sure that has much to do with it. People don't become servers to make minimum wage. Imagine if you receive an offer with $160k salary per year, $100k expected public RSUs per year, and $100k expected bonus per year. You&#x
138.
by vostok 8y ago
Los Angeles has very pleasant summers by East Coast standards. Many even fairly well off homes do not have air conditioners. It's not great, but it's a lot better than lots of more northern cities like Boston. I literally cannot s
139.
by vostok 8y ago
> when it went from polite to refer to your superior using thee/thou as opposed to rude That's fascinating. In my native language you would have been considered more polite and thou would be for friends or equals.
140.
by vostok 8y ago
I think this would be an extremely interesting data set, but the obvious and simple analysis would not address the key problem that I see as mentioned in the article. > On job placement, the biggest deception by prestigious colleges and
141.
by vostok 8y ago
Matt Levine's articles should be read in a light, slightly irreverent tone.
142.
by vostok 8y ago
Did NeXT pay well, that is, as well as Uber pays today in inflation adjusted terms?
143.
by vostok 8y ago
The Apple's MBA11 was a fantastic device, but they stopped improving it and Dell came out with the XPS13. It is a similar form factor, has a bigger display, and runs Linux.
144.
by vostok 8y ago
> So 30% of people using illicit drugs in the USA are using them for performance enhancement. The other 70% are using them recreationally. Is it not possible for 30% to use them for performance enhancement and for 90% to use them for rec
145.
by vostok 8y ago
I may agree with some of what's written and I completely agree with the overall conclusion, but the writing seems to be pretty low effort. > Finally Two Sigma Securities, the market making arm of Chicago based quantitative hedge fun
146.
by vostok 8y ago
Ok. Optiver was under $1 million per person so wouldn't make the top 10. IMC likely would not have been in the top 10 either.
147.
by vostok 8y ago
Neither of the two major publicly traded HFT firms would have made the top 10 if they were in the S&P 500. http://d18rn0p25nwr6d.cloudfront.net/CIK-0001592386/f7d31d31... https://www.flowtraders.com&#x2F
148.
by vostok 8y ago
I suspect that I (as an individual investor in my retirement account and personal investments, not as an HFT) pay less. My mental model is that pre-HFT, banks and other market makers made a lot more money per share traded. HFT outcompeted t
149.
by vostok 8y ago
You may be interested in reading Salman v. United States [1]. It's a dense read so here's a news article [2] that I'll quote. > The justices rejected claims of defense lawyers who argued that there was no crime because no
150.
by vostok 8y ago
I'm not going to delve any further into technical details of batch auctions. I never said anything about unfair advantages. You're the one who's ascribing fairness to this whole thing. I just fail to see how hiring smart engi

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