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vicirek

Registered: Dec 2011
Posts: 369

10-15-12 11:39 PM

Quote from CT10Gov:

It's funny how "Sarcastic is fine." doesn't actually address anything: that you failed to notice his sarcasm and went on the attack; or the multiple of other things that sailed right over your head.

Interesting.... in the gallery of ET's oddities, you stand out, my friend.

Other than that I am 99.99% right.

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jb514

Registered: Apr 2011
Posts: 134

10-16-12 02:22 AM

Quote from antaram:

hard to pay attention to numbers such as in this article, if a HFT firm makes 100 mm in gross trading profits in a given year, but spends 75 mm on technology during the same year, what's the number you would use to show their profitability? how would the author know how much HFT firms used on their HFT related expenses?

How can you think they spend 75 million on technology? That's an absurd number.

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CT10Gov

Registered: Sep 2012
Posts: 438

10-16-12 02:29 AM

I see. Again, you are drifting off to nonsequitors.

I feel like I'm talking to someone whose not entirely with it...

Quote from vicirek:

And you are one fat and ugly bond trader and you know that they are not the most intelligent bunch!

Nothing personal.

Leverage intensive is just detail how HFT is done on micro level. I meant leverage as excess liquidity and cushion to support market operations by Central Banks on macro level. Besides what is wrong with Central Bank support? Markets are safer that way on macro level and also on micro level if you are on the right side of the trade.

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CT10Gov

Registered: Sep 2012
Posts: 438

10-16-12 02:30 AM

Quote from vicirek:

Other than that I am 99.99% right.

Other than what?? See supra

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FroggerMan

Registered: Aug 2010
Posts: 138

10-16-12 02:58 AM

I believe the 1.3 is in the ballpark for HFT profits in US Securities. Just look at Knight's Income statements from past years: http://finance.yahoo.com/q/is?s=KCG...tatement&annual

For the month of September they were ranked 7th in volume for NYSE, ARCA, and Nasdaq listed securities. I believe in the past they were even higher...

Their net income averaged only a little over $100mil the past 3 years with expenses topping $1bil all three years.

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antaram

Registered: Apr 2011
Posts: 79

10-16-12 03:18 AM

Quote from jb514:

How can you think they spend 75 million on technology? That's an absurd number.

numbers are different for each firm and for each year, but the ones i gave are pretty close to real for a firm i can't name

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