This is very true, the bad thieves are caught printing code and copying files, the good thieves memorize code and steal ideas but call it "work...
Just meeting a friend after work. Most of the theft you hear about is some ex trader or quant stealing code and trying to take it to their new job.
I feel like this would be rare because the risk of litigation is high and in the worst case you could face prison time. At least in my own...
I agree, not to say that these guys are legit, but we cannot assume that because they participate in hft that they front run or are crooks....
+1 on provide vs take definition. One places resting orders by joining the bid or ask, the other removes orders existing on the book. It really...
I was half joking. In reality it is really subjective and spans the spectrum depending on your personality, role, project, and if you are front...
This answer would change depending on the market/exchange, order type and if there are other offers coming in at the same time. In a price-time...
i am not qualifying their claim, but I can say that 1ms to CME in aurora from downtown chicago (350 e cermac or 400/440 lasalle) is very possible....
Agreed, 150k is the average for senior dev, I think you can max out at 175-200k. After that any extra money in the financial industry is going to...
I think if you're concerned with latency to the point where you would buy real estate, pay taxes, re zone the property, and run dark fiber to...
If you want a clearer picture of the open on NYSE, you need two feeds NYSE open book ultra and NYSE imbalance feed. The open book ultra will give...
Me too. Even if the savings doesn't directly result in added p+l, to play devils advocate those single digit micro savings that would come from...
I'm not sure what you a exactly referring to but if you are talking about the large size trades that get printed around 4:01+pm, those are the...
EXCHANGE_TO_YOU <your recv time stamp - market data time stamp> You could use this as a relative latency and if you see the number spike or...
If you don't have direct exchange market access then colocating with the broker is the best you're going to get. This is especially true when...
Could also be an off market block trade or a trade resulting from execution on a calendar spread maybe relating to the implied book. Assuming this...
Yes, I do this kind of stuff every day, it's my job. Is there something that I said that is untrue or out of date? As far as I know it is...
Hardware is really dependent on your app, is it heavily threaded or does it do heavy number crunching, etc. Because intel makes custom cpu...
I agree mostly but we use backtesting to test tweaks and tricks and their affect. Mostly to see if there are latency or decision making benefits.
If you think your math skills are weak, go with M.fin As far as programming goes, most quants use python, matlab, r and maybe light c++ with...
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