The biggest protection is complexity. The code that makes everything work properly is quite tied to the hardware. Lots of hand tweaked pieces in...
Whoa, OK, I'm surprised. I learned something new and useful. It's like Christmas. I hadn't done a review of new microwaves since Dec but...
Not sure what you are asking. It behaves very much as designed. Almost all HFT strategies are super simple dumb things. The arms race has...
NetTecture, you seem to make a lot of assumptions about me. Not sure why. Yes, my company (which I own) does a reasonable amount of HFT but,...
It totally depends on your specific strategy. I don't see many scenarios where 'hosted' computers will reduce slippage (though they all claim...
My bill for co-location is 6 figures. per. month. So, you can call it whatever makes you happy but with such a huge price gap I think...
I think people are conflating the terms 'hosting' and 'co-location'. A 'hosted' solution means that your server is near your execution...
Seriously, how can they possibly consider this news. Of course market data messages are slower than trade notification messages. Not even going...
What doesn't make sense is why would you create strategies on one platform and then not find out if that platform is supported at the place you...
Or Singapore or Hong Kong.
If I start talking about taxes too much it totally ruins my day. Recent tax increases: CA raised 30%, Fed raised about 30% (taking into account...
A long time ago I used to think that politicians wouldn't be dumb enough to use a rocket launcher to kill a fly (when they can't even properly...
In contrast to most of the other guys I trade futures but I agree totally with EricP's analysis that trading has gotten much more difficult. Not...
I ended up setting up a B/D. Pretty silly since I do very little stock trading. Needed it for another reason mostly. Major pain. When I...
The time I see missing is the time it takes NxCore to compress the data before it gets to you. And they might add some 'conflation'. Not sure...
IB was a long time ago. So what I say might no longer be accurate. We used their FIX api and hosted a server in New Jersey which at the time...
Speed helps me because about 40% of what I do is pure arb. Just can't really be done if you are over 15 micros. But for my 'slower' strategies...
I'd posit the following. 1) Most hedge funds with very few exceptions do a good portion of their trading over the phone. When you are moving...
Each stock exchange (BATS, ARCA, etc) costs around 1500/month for the basic feed. Some of them have FPGA feeds that are more. Futures exchanges...
I think the issue is that it seems like you are approaching this from a software engineering perspective first and a economic/trading perspective...
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