Maybe it has nothing to do with Goldman
The precise obligations of the market makers depend on the exchange. However, I'm sure that most have to provide a bid and offer at all times.
The market maker is there to provide liquidity, ie. when you want to make a trade, you are guaranteed to be able to trade because of the market...
No disrespect to you personally, but I find this to be complete bull5hit. We understand these obvious phenomenon, but Zeno just went and twisted...
Ask them to close your extra accounts while they're at it.
Because someone else exposed you before I could.
I guess you mean Ernest Chan, but I'd like to know what is your criticism of him? He is by no means my role model, but I have referred to his...
asiaprop just got shutdown. good job.
I would say easily JSystemTrader and JBookTrader. http://groups.google.com/group/jsystemtrader http://code.google.com/p/jbooktrader/ They...
Good call. I would also add that he is in denial.
60 minutes experienced by a person on a moving plane is not the same as 60 minutes experienced by someone standing stationary on the ground....
A lot of people seem to be focused on speculative strategies in this thread, but I believe Ernest Chan is referring to arbitrage opportunity when...
He claimed "better odds of predicting whether the market will be higher or lower one year from now", not where we land 1 year out. This is...
They would make more money on the bid-ask spread, but they cant make a killing because volume is low thus they don't make enough trades.
According to Ernest Chan, there is an advantage in trading thinly traded stocks: you dont have to compete with the big funds....
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Hi lolatency, I think you are writing a great thread, I will be following it with interest. Just one thing, you said "there's no such thing...
Thanks for your response. From that I suppose that most retail traders should stick to slower strategies where (1) we don't have to compete with...
You mentioned that you run millisecond algorithmic strategies. I think lolatency has answered my question, but if you didn't have to make trades...
If you used slower strategies, would your infrastructure costs go down?
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