You can buy yourself a server for $5K and connect to some exchanges for as little as $5K/month. Our costs run in the neighborhood of hundreds...
You could say that. But that means we don't have any quants or traders in our 'trading' firm :). I think a better way to put it is that the...
I don't know much about trading as a whole, and in particular the type of trading that 'independent trader' typically entails (holding periods...
There are lots of reasons, none of which are due to overpricing or odd supply/demand issues. One of them that you might not consider is capacity....
I'm not sure how the exact logistics work, but I've never heard of large volumes themselves being an issue with Accounting. PNL is very...
No, I think there is still value in intraday/swing trading, just not tick-by-tick trading/scalping that manual traders used to be able to do.
I think I'm overextending myself trying to estimate what those bare-bones firms really specialize in. But I think a key barrier for them is the...
Really depends on the situation. Most traders/quants these days do most of their own coding, with a software developer maybe to make performance...
Yeah I'd say 5M is a typical minimum for most larger firms to start taking someone seriously, maybe a little less if their resource requirements...
1) Inexperienced: CS/Math undergrad and/or post-grad from top school and unanimous passing of panel interviews. Sucks but that's just the way it...
Direct from exchange, period. Filter out what you need for live trading, record everything, keep anything you need often easily accessible and...
Maybe I'm being naive but it doesn't concern me. They certainly can't step in front of my order or fill/reaction since I'm connected directly to...
I'm not personally since I feel I have bigger fish to fry on limited resources, but I could see other firms/guys taking a stab at it for some...
You just rewrite what you already know. It varies a lot. For a place like Getco, since they provide you with so much infrastructure to plug...
+1 And it's even harder/impossible when it's $500M or larger as many hedge funds employing different types of strategies are.
+1
1. I'd recommend FIX since it's easier and will probably save you some work connecting to multiple exchanges. Since you don't have DMA, you don't...
Whew, good thing I don't have a PHD.
I'm definitely not acting on behalf of my company. I am in part doing it as PR for HFT. Kind of started on a whim to see what kind of views...
1) Yes. Infrastructure meaning hardware, trading capital, exchange memberships, network lines, historical data, etc. You get some basic software...
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