The other 1 M shares will be cancelled back. The idea is that if one gets a fill it will be cheaper than going to nyse/nasdaq but if you don't...
They are talking about consolidating CTA (https://www.ctaplan.com/index), UTP (http://www.utpplan.com/) , and ISRA to just a single consolidated...
That name does look like a decent candidate. Took at look at some tick data and see on average a 40bps spread. Yeah that's not nearly as...
Very cool! A suggestion if you don't mind and assuming not already doing this.. but have some agents that are trading vwap/pov/IS style algos with...
I've had a deep dive from nasdaq as they call it. They bring in a senior engineer and product people who explain in detail how their systems work....
Robinhood is a broker-dealer https://brokercheck.finra.org/firm/summary/165998
if I recall correctly the only time I engaged with him was to disagree with what he was saying.. but I was nice about it which is just how I...
Firms that have a ton of flow (ie HFT) would have a significant advantage if they got their fills before it hits the book feed so overall a good...
I have had a deep dive from nasdaq as they call it. Bring in the head engineer to explain how everything works. They did specifically address...
I was looking to connect to one of the SLP's directly from an HFT firm cause they were pitching it. I directly asked them if they build alphas off...
The price improvement is a relatively trivial amount. The reason they do is so that they can claim the order received best execution since the...
A latency arb or other short term opportunity doesn't always exist so simply immediately dumping the risk is a no go. HFT would love to exit...
Colo doesn't matter per se. There are plenty of firms and specifically broker algos that are colocated that don't need to be since they aren't...
The HFT firms want non-informed/zero alpha flow and take losses from informed flow that comes along with it. To put it another way, they want to...
I've heard they have strict NDA's and non-competes that they are willing to enforce for example like with pavel/alexander although that took place...
The large equity market makers/HFT firms are self clearing so they don't use a PB and so have to meet the minimum net capital requirements...
My understanding is that the equity book is market neutral based on conversations I've had with people in the industry over the years. The only...
Yeah, definitely, but that's to be expected since for example REIF if I recall correctly is long only and marketed as a means to outperform the...
It's worth noting that the 10 billion is unlevered (and almost certainly much higher now) and not their actual AUM. Also the returns are...
For the most part I do think it's a bad idea since you'll be leaking information especially if you're demanding liquidity, ie you want to get size...
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