Viewing profile — idohft

> Its a finance firm - i.e scam firm. "We have a fancy trading algorithm that statistically is never going to outperform just buying VOO and holding it, but the thing is if you get…

What exactly do you mean when you say this: > IIRC they can legally front-run your orders. I doubt this is true, but there are definitions attached to front-running.

How far have you tried to tell, and do you buy/sell stocks? There's someone on the other side of your trade when you want to trade something. You're more likely than not choosing t…

This comment, and its posters' subsequent comments, are so filled with anger, much misguided, that it's hard to really respond. Jane Street has some good people. Harvard has some g…

Hard to speak for HFT in general. Like in software, different firms have different levels of hygiene. About half of your bullet points were true of my previous employer, at my time…

Jump is very profitable.

I can see how you can come to this conclusion from this sentence, but it's a vague sentence with slightly-wrong premises, which leads you to this conclusion. If you're a programmer…

I'm going to have to jump in here and say, no, HFT can and does not front-run your trade. There are reasons why your execution on RH is not as good as professionals, but it's not b…

Agreed with the rest, you should just look at job descriptions. Different firms use different technologies, but a devops person will probably be building tooling for monitoring liv…

I have to disagree, I know that HFT != electronic trading. HFT is also not equivalent to arbing over latency.

You were replied to, but I'm going to ask some questions of this moralizing. > Many HFT jump out when things get volatile, when liquidity is actually required. This feels almost li…

++ this. If they haven't tested this in actual trades and measured results, it's probably worthless. Even backtested strategies at actual firms observe decays (or don't work) when …

(1) -- ok, sure (2). That is not what I said. To sell at P+dP, you need to buy up all the shares at P+dP as well. That's because of price-time priority, which almost all the major …

This doesn't sound right. Some points: - A trader looking to buy futures is almost certainly not going to send their order to several exchanges. The main exchanges list distinct co…

I'm in HFT (as per my handle). Exchanges like NYSE, NASDAQ, etc. sell stock data to firms but not before they get processed . The only way you get front run is if the broker that y…

I think it's pretty clear that HFT has a big role in this. If you look at the order books of US equities, most of the most aggressive orders on the book are ones that look like the…

In response to situation (2), I want to first tighten the language - as it stands, I'm not sure if it's even possible. By computers, I think you mean exchanges (for example, Nasdaq…

The industry doesn't really make that much money. Estimates for this past year were in the $1-2 billion range. That's not big for the finance sector, or any industry. That being sa…

Vanguard, the world's biggest mutual fund, notes that their costs have gone down since HFT has come into play. http://www.cnbc.com/id/101615521

I can't reply to that thread (maybe it's because it was too long ago), but you draw a difference between someone moving a large block (as described in yummyfajitas' post), and some…

Where does this assertion come from? If you take a look at the market book, then you might see that yes, most market-makers (liquidity) in the equity markets are high-frequency ord…

Maybe he's not a sinister person, but he tells narratives in which his side is unambiguously good. What happened in this book was lazy research and poor journalism. There have been…