Price for an Edge

https://www.bloomberg.com/news/arti...settles-with-hedge-fund-over-secret-algorithm

 

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cONFIDENTIALITY AGREEMENTS ARE WISE ......
mORE WISE THAN THUIS COMPUTER CAPS MALFUNCTION..............................................................................

 

"The London lawsuit, filed at the end of 2019, centered on a crucial automated trading model known as the ABC Strategy that cost Citadel Securities more than $100 million to develop."

And here we are at ET with some retailers thinking they can build a competitive algorithm in their basement like it is nothing.

 

And here it is (or maybe this is the100 Satoshi version).

 

You sound bitter. Do you know for sure that a retail trader cannot develop a profitable algorithm or do you just hope it?

 

Did i ever say retail traders cannot develop a profitable algorithm?

 

That is not an algorithm, that is a trading system and you can be sure the algorithm is a whole lot more complex than just searching for an ABC pattern and set a fixed stop/target, otherwise it wouldn't cost more than $100 million to develop.

Either that or they hired the worst developers ever who completely ripped off Citadel.

 

"Oh -- That's very different. ..."

 

The tech arms race with HFTs is mind blowing how much they spend on the R&D to shave off billionths of a second.

https://www.wsj.com/articles/high-f...ht-speed-with-cutting-edge-cables-11608028200

 

Yep, it'd take a government project to fubar such a simple plan to such an extreme degree.