Futures pays no interest, but (adjusted for the cost of financing) produces the same total return as the underlying security.
Go work for an HFT firm. If your C++ is good, you will be minting very soon and learning stuff in the meantime. Give it a few years and you'll be...
That still works, just gotten way harder and requires good technology
Americans are paying more for healthcare by a few times, compared to the other developed countries. Yet the quality of medical care in the US, as...
There is an argument and most people engaging in the risk parity are kinda expressing it through their portfolios for a reduction in term premia...
He does get lower commissions, thats an indisputable fact. He might or might not increase his total cost of trading. FWIW, I've only heard of one...
This is from like 3 years ago, no?
With regards to the bond basis, here is how it works in a nutshell. Bond futures are physically settled at expiration (roughly). That means that...
I am not sure that's how it works. Are all RH orders not-held? That would be possible but surprising given the regulatory scrutiny. It is even...
You do realize that the stock will drop by the dividend amount, so in order to retain your status quo you still need to be guessing the right...
The two are strongly related, so a complete explanation should include both. It's an hour-long discussion, though and probably not interesting to...
It's tricky even in a professional setting, even if you have some form of TCA. For example, if you are only measuring the actual cost of trading...
Well, they disclose it on their 106 so it's public secret. To make this issue even more complex, every other retail broker sells your order flow...
You are taking a tax hit, so you are losing every time you rebalance, no? I.e. if you get a div, first you pay regular income tax on it and only...
That's been around for a while, though the value of this data is overblown (same with counting trucks for shipping). It's a tricky dataset to work...
Dude, if you don't understand the basics of the modern market you are not really in position to act like a guru. E.g. knowing what HFT market...
Just FYI, most people call "horizontal skew" as "volatility term structure". I can't recall anyone calling it "skew" since the late 90s.
Imagine that you'd risk 10 cents for every trade and have 10 losing trades in a row. Would it be a psychological problem? You probably mean $128k...
That's because equity HFTs are not market makers in the old sense of that word. Anyone with the right technology can play this game, there is no...
It's becoming a winner take-all game, as virtu does OMM now too and is rapidly gaining market share. Short-term OMM now works within a paradigm...
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