Coinbase releases professional trading platform for institutional clients

Post by sokoloff » Tue, May 15, 2018, 8:07 PM UTC

otoburb wrote: post #54

icedchai wrote: post #52

Earlier quoted context omitted.

You think so? Due to inflation, I think the bar for "accredited investor" feels pretty low these days. HN must be full of middle class individuals with $1M+ USD networth.

>> HN must be full of middle class individuals with $1M+ USD networth. For the HN demographic that doesn't own a house and "only" pays rent, I'd agree with you. But another portion of the HN demographic that does own a flat or property may not qualify, as the definition of an accredited investor (at least in the US[1]) is $1M+ USD of investible assets excluding their primary residence. [1] https://en.wikipedia.org/wi…

Post by alephnan » Tue, May 15, 2018, 8:30 PM UTC

lisbakke wrote: post #66

chollida1 wrote: post #25

Earlier quoted context omitted.

Bold claim, and funnily enough, you are the 3rd or 4th team I've run into this week that claim to be the fastest trading system on GDAX. The Consensus conference brings out these kind of conversations:) What are you basing your claim off of, I've seen some pretty impressive use of C++ and one team that is starting to burn simple strategies into FPGA's. What sort of time from network stack to network stack are you con…

You're probably thinking of my post from a few weeks ago in this thread https://news.ycombinator.com/item?id=16922538 I'm tracking order positions with an in memory orderbook. When gdax accepts my order I know where I end up. I average spot 1.45 when the spread changes. It's hard to get closer to perfect 1.00 because of limit taker orders which, if placed right, always get 1.00 after the taker portion is calculated a…

Post by andruby » Tue, May 15, 2018, 10:20 PM UTC

lisbakke wrote: post #19

andruby wrote: post #10

Earlier quoted context omitted.

How can I contact you? ;) Not at hft but also ran a fast bot.

Send me your email and I'll reach out

Post by andruby » Tue, May 15, 2018, 10:40 PM UTC

gdaxthrowaway wrote: post #61

lisbakke wrote: post #6

They're going to give new tools to institutional traders. Co-location, FIX market data, lending & margin financing products, professional crypto secure storage ('coinbase custody') etc. etc. They'll be faster than non-institutions and have trading options unavailable to the rest of us. Read this https://blog.coinbase.com/coinbase-institutional-deea317d23a... Right now, the institutions have to play on a level playing…

I've made almost $500k within a year. I don't run a bot and I don't have a financial background.

Post by gamblor956 » Tue, May 15, 2018, 11:34 PM UTC

CryptoPunk wrote: post #72

sokoloff wrote: post #70

Earlier quoted context omitted.

No, they made it a federal crime to offer non-registered securities to non-wealthy people. Registered securities (stocks, bonds, mutual funds, etc.) are widely available to non-wealthy people and are probably a better investment for most of them, frankly, because of the concentration of risk inherent in a small dollar portfolio of non-registered securities and the idea that registered securities will have some standa…

Non-registered securities are those that are issued by any company not worth over something on the order of $100 million, since any company smaller than that cannot afford to get their securities registered. Anyway, this distinction doesn't change my point: offers of such securities to unaccredited investors are not categorically "scams". This kind of critical reductionism is reckless to individual rights and liberty…