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Rate this high frequency trading firm
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Date: October 15th, 2014 1:00 AM Author: aquamarine mexican http://www.tradebotsystems.com/
I know a jackoff that ended up working here. Not too smart. Civil engineering undergrad. Burned out on a management job. You think he makes bucks now? If he makes more than my 210k I'll be pissed. |
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Date: October 15th, 2014 1:01 AM Author: Stimulating theatre gay wizard (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518863) |
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Date: October 15th, 2014 1:03 AM Author: aquamarine mexican Then why even try to do it from Kansas City? I don't get it.
Also, thank fucking god. I fucking churn for my 210k. If this guy was outstripping me by pushing some buttons while wearing his sweat pants to work, I'd cry. |
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Date: October 15th, 2014 1:09 AM Author: Stimulating theatre gay wizard (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518906) |
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Date: October 15th, 2014 1:10 AM Author: aquamarine mexican Dude, the CEO claims to have been CEO of BATS. If true, he gets that. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518917) |
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Date: October 15th, 2014 1:14 AM Author: Stimulating theatre gay wizard (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518948) |
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Date: October 15th, 2014 1:21 AM Author: aquamarine mexican He looks like a corn fed retard. Like a bro on a tractor with a long grass stem sticking out of his mouth. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518991) |
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Date: October 15th, 2014 1:44 AM Author: hairraiser pale genital piercing travel guidebook this guy is making way more than 210k if he's a trader. more like a million+ easily.
their offices are in KC, but all of their trading machines are co-located on the same exact servers that run the exchanges. they don't need to be at the server location to program it to make trades. |
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Date: October 15th, 2014 1:46 AM Author: aquamarine mexican Fuck, dude. You think every trader necessarily makes a million? That seems absurd.
He has a civil engineering degree from a TTTT, he washed out of managing construction sites, and now he's making a million in KCMO, working for a firm that has a geocities page for a website?
If so, why doesn't every single person on this website apply and go make a million in KC? Every single person on this website has a better finance pedigree than this bro.
TBF, my 210 is salary, I get the same shit biglaw bonus the rest of you get (excluding WLRK mother fuckers). |
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Date: October 15th, 2014 2:00 AM Author: bright mother We'll never know what this guy makes. Looking at the website, there's at least as good a chance that he's operating a bucket shop that will land him in prison as there is that he's making a million a year.
(Protip: if you think you need a website to promote your brand, and you claim to be a bigshot trading firm, why the fuck wouldn't you spend a fucking grand to make your website not look so amateur. Citadel's website is legit, which matches the perception that they're legit. Extrapolate from there). |
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Date: October 15th, 2014 1:35 PM Author: Bronze racy circlehead (Legit retard)
Citadel is a hedge fund that needs investors and even their trading business needs to attract clients. TradeBot has neither. Their website just needs to be good enough to get Big10 STEM bros to think it's a cool place to work.
Who exactly do you think the site is trying to fool? |
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Date: October 16th, 2014 4:14 PM Author: Domesticated Curious Cuckold I get what you're saying, but citadel and Wlrk aren't going out and blatantly dressing up their Wikipedia page. If these guys care enough to do the guerrilla wiki advertising, why don't they care enough to have a decent site? I am legitimately puzzled, because I do believe the head dude is swimming in cash. No idea what he pays his team of k state grads. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26529082) |
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Date: October 15th, 2014 11:16 PM Author: frum antidepressant drug (Guy who has never seen Wachtell's website) (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26525083) |
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Date: October 16th, 2014 2:35 PM Author: Excitant cuck tattoo (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26528485) |
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Date: October 16th, 2014 2:43 PM Author: submissive garnet chapel alpha Dude, this place is legit and the ceo has some serious skins on the wall. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26528543) |
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Date: October 15th, 2014 1:47 AM Author: Stimulating theatre gay wizard (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519119) |
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Date: October 15th, 2014 1:07 PM Author: Smoky pervert bawdyhouse dude, tradebot is one of the biggest hft firms there. their servers are colocated at the exchanges, doofus. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26521299) |
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Date: October 15th, 2014 1:22 PM Author: Bronze racy circlehead Yeah that is some serious (xo 2014) shit. Google Fiber, lmao. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26521396) |
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Date: October 16th, 2014 2:38 PM Author: submissive garnet chapel alpha bro who read Flash Boys, is now an expert. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26528506) |
Date: October 15th, 2014 1:02 AM Author: Razzle Ladyboy Crackhouse (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518865) |
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Date: October 15th, 2014 1:04 AM Author: Pearl queen of the night Whoever wrote the copy for the website (undoubtedly CEO David Cummings), is a gigantic faggot.
"In 2005, Tradebot spun-off BATS Global Markets, which became the 3rd largest stock market in the United States. We believe competition between exchanges and darkpools is good. Algorithmic trading has tightened bid-offer spreads, which saves public investors billions of dollars per year.
We do not have customers. We do not give investment advice. We do not sell or rent our trading models." |
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Date: October 15th, 2014 1:06 AM Author: Pearl queen of the night lol wut
"Tradebot uses computer algorithms to provide liquidity to the stock market. Dave started Tradebot in 1999 out of a spare bedroom with a $10,000 investment. Some days Tradebot accounts for 5% of the total U.S. stock market volume." |
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Date: October 15th, 2014 1:07 AM Author: aquamarine mexican Ya. There's some wild shit on here. BATS is a legit exchange IIRC (I'm not a finance bro, just my recollection). Why would a legit CEO of BATS move to Kansas City, MO and starts an obscure HFT firm? (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518897) |
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Date: October 15th, 2014 1:10 AM Author: sienna heaven Google fiber (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518918) |
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Date: October 15th, 2014 1:12 AM Author: aquamarine mexican Explain (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518931) |
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Date: October 15th, 2014 1:14 AM Author: sienna heaven Isnt KC one of the places with Google fiber? (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518946) |
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Date: October 15th, 2014 1:16 AM Author: aquamarine mexican I think so. Does that make up for the distance between KCMO and NYC? (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518959) |
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Date: October 15th, 2014 1:18 AM Author: sienna heaven Fuck if I know. He probably has servers in NJ running the trades but has something else in KC. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518972) |
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Date: October 15th, 2014 1:23 AM Author: aphrodisiac bat-shit-crazy telephone You know that the servers doing the trades don't have to be physically located in the same place as the business headquarters? (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518999) |
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Date: October 15th, 2014 1:24 AM Author: aquamarine mexican I'm not a finance bro, so maybe you're right here, but if I'm executing the trade from KCMO, isn't it going to take way too much time for my order to make it to the servers in NJ? Either way, an electronic signal needs to be sent from KCMO because, as the job post says, the jobs are in KCMO. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519013) |
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Date: October 15th, 2014 1:34 AM Author: sienna heaven They can develop the algorithms in KC andhave them run from NJ. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519072) |
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Date: October 15th, 2014 1:38 AM Author: aquamarine mexican Ah. That makes sense. I forgot the automation part. I still see a room of KC bros pushing a buy and sell button in my mind. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519086) |
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Date: October 15th, 2014 1:38 AM Author: Stimulating theatre gay wizard (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519082) |
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Date: October 15th, 2014 1:41 PM Author: Bronze racy circlehead > ORDER QUEUE POSITION IS ALL THAT MATTERS
How does this work? Like every time the price moves these guys try to be the first to buy/sell at the new price? I could see that being good if others come in with you and the price stays there long enough for you to make a penny, but what if nobody does or the price goes back to where it was?
I guess you would at least make the rebates? Seems like you'd lose as often as you'd make unless you're able to predict which way it'll go somehow. |
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Date: October 15th, 2014 4:45 PM Author: aphrodisiac bat-shit-crazy telephone basically the system works in a really stupid way where they have a fraction of a second to squeeze their order in between people who are moving on the price that just changed. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26522943) |
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Date: October 15th, 2014 1:16 AM Author: Stimulating theatre gay wizard (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518958) |
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Date: October 15th, 2014 1:35 AM Author: Stimulating theatre gay wizard (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519075) |
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Date: October 15th, 2014 11:08 AM Author: Excitant cuck tattoo (legit retard)
(1) Sunday is a nonsensical example. Zero trades out of zero trades is not >5%. It's no percent. http://en.wikipedia.org/wiki/Division_by_zero
(2) The HFT industry has been shown to provide market liquidity. As a participant in the industry, he's contributing to that effect. The mere fact that they are making trades and making money is evidence enough that his orders are "filled quicker than the competition's" on at least some occasions. That's all he needs to show. |
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Date: October 18th, 2014 12:35 AM Author: Stimulating theatre gay wizard (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26539922) |
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Date: October 15th, 2014 1:09 AM Author: Thriller macaca karate Website cost $3 or less (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518904) |
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Date: October 15th, 2014 1:09 AM Author: aquamarine mexican This page has some gold:
Interested candidates Should email a resume work@tradebot.com. Include ACT or SAT score. Principals only. No recruiters please. |
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Date: October 15th, 2014 1:10 AM Author: Stimulating theatre gay wizard (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518915) |
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Date: October 15th, 2014 1:12 AM Author: aquamarine mexican I think you need to keep in mind what schools are in the area. Outside of WUSTL, the private schools in that region are SPS. Would you rather have a U. Nebraska bro, or a Washburn bro, or a Pittsburgh State Bro? U. Nebraska every time. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518928) |
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Date: October 15th, 2014 1:09 AM Author: aquamarine mexican All positions Are located in Kansas City, Missouri - an awesome place to live & work. Require a 4 year college degree, preferably from a major state university. Include great compensation & benefits. Participate in a year-end discretionary bonus plan (this is where the big money is made). Are full-time with 7:30 to 3:30 as core working hours. Include free lunch catered daily. |
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Date: October 15th, 2014 1:19 AM Author: 180 lavender partner preventive strike I emailed them and copied that last sentence as the subject line and the body of the email: TANSTAAFL
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Date: October 15th, 2014 1:20 AM Author: aquamarine mexican Tell me how it goes bro. Did you include your SAT score? (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518986) |
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Date: October 15th, 2014 1:17 AM Author: aquamarine mexican The xo faithful should apply and report back. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518966) |
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Date: October 15th, 2014 10:26 AM Author: aquamarine mexican (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26520356) |
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Date: October 15th, 2014 1:27 AM Author: Pearl queen of the night lol, he did create BATS. Sounds like something weird happened though. -----
The company was founded by David Cummings, a computer programmer. Cummings said he was inspired to start the company after observing Archipelago Holdings be acquired by the New York Stock Exchange and Instinet Group be acquired by NASDAQ within a week of each other in 2005. After the launch of BATS, other brokerage firms, hedge funds and other clients became involved with the company. Cummings publicized the BATS service by sending emails to companies highlighting the niche that could be carved out by trading on platforms other than the big two—NASDAQ and NYSE.[17] The niche that he sought for the company was for it to be a "a neutral, private, broker-dealer owned, semi-profitable utility" with no party owning more than 20 percent.[18] He noted that the consolidation of the New York Stock Exchange and NASDAQ eliminated competition and they raised prices for their services. The BATS system was intended to charge less.[19] Among the items it did to draw customers was to offer free listings to companies with shares that traded a certain amount each day.[20] Cummings stepped down in 2007 and was replaced by Joe Ratterman who had been associated with the company from the start. Cummings said in his resignation, "As BATS prepares to become an exchange, my ownership of a broker-dealer precludes me from serving in management". Cummings returned to his position as CEO at Tradebot.[18][21] Under the leadership of Joe Ratterman, in March 2008, BATS entered the European equities markets by establishing a multilateral trading facility (MTF) to compete on a pan-European basis against the incumbent securities exchanges. BATS Europe was formally launched in October 2008.[8]
http://en.wikipedia.org/wiki/BATS_Global_Markets#History |
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Date: October 15th, 2014 1:41 AM Author: hairraiser pale genital piercing travel guidebook doesnt sound weird at all. he had to resign because of regulatory reasons. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519097) |
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Date: October 15th, 2014 1:30 AM Author: Pearl queen of the night Tradebot Systems, Inc. is one of the largest high-frequency, computer trading firms in the US. Based in Kansas City, Missouri, they regularly account for 5% of the total trading volume in the US stock market.[1] According to the founder, Dave Cummings, as of 2008, the firm "typically held stocks for 11 seconds", and "had not had a losing day in 4 years".[2] The firm also trades Canadian equities but is not known to trade any other asset classes. The firm was founded in 1999 and had an early relationship with fellow high frequency trading shop Getco. In 2005 Cummings left Tradebot to start a new electronic market, which he called the Better Alternative Trading System. That market eventually became the BATS stock exchange. In 2007 Cummings left BATS to return to Tradebot.[3] The firm is affiliated with Tradebot Ventures, Tradebot Properties, Tatora and Auxby.[4] In the summer of 2014, New York attorney general Eric Schneiderman accused Barclays of hiding the fact that Tradebot was one of the largest participants in their dark pool. Tradebot was not accused of any wrongdoing.
http://en.wikipedia.org/wiki/Tradebot |
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Date: October 15th, 2014 1:41 AM Author: Stimulating theatre gay wizard (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519100) |
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Date: October 15th, 2014 1:44 AM Author: aquamarine mexican I love wikipedia pages that are obviously written by the subject of the wikipedia page. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519108) |
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Date: October 15th, 2014 1:48 AM Author: Pearl queen of the night Oh, what an investigator. Yes, I saw that. It was obviously written by Dave Cummings, but who gives a fuck. The fifth citation is to Bloomberg:
http://www.bloomberg.com/news/2014-06-25/high-frequency-firm-tradebot-swam-in-barclays-pool-n-y-says.html |
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Date: October 15th, 2014 1:50 AM Author: Stimulating theatre gay wizard (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519128) |
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Date: October 15th, 2014 1:50 AM Author: aquamarine mexican Tradebot is a terrible fucking name. If you don't have customers, you need to name yourself something that sounds okay when you're (1) hiring people (2) raising money and (3) getting sued/prosecuted. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519130) |
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Date: October 15th, 2014 1:55 AM Author: Stimulating theatre gay wizard (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519145) |
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Date: October 15th, 2014 2:05 AM Author: bright mother lol. We'll overlook your misuse of the reply function because your post added to the marketplace of ideas. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519170) |
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Date: October 15th, 2014 11:11 AM Author: Excitant cuck tattoo (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26520561) |
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Date: October 15th, 2014 11:11 AM Author: Excitant cuck tattoo (guy who has never, and will never, run a firm that has accounted for 5% of US equity daily trading volume) (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26520564) |
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Date: October 17th, 2014 12:35 PM Author: aquamarine mexican (Guy who has never, and will never, run a firm that has accounted for 5% of US equity daily trading volume) (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26534928) |
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Date: October 15th, 2014 1:55 AM Author: hairraiser pale genital piercing travel guidebook their website sucks because they literally don't give a shit and don't need to. they trade their OWN money and have no outside investors to impress.
if they're accounting for 5-10% of all trade volume in the US per day, do you know how much free money these guys are printing? basically skimming a fraction of a cent on a tenth of every trade in the god damn country, lol holy shit. |
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Date: October 15th, 2014 2:01 AM Author: Stimulating theatre gay wizard (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519158) |
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Date: October 15th, 2014 2:02 AM Author: bright mother Then why have a website at all? Why print shit on your website that you're so fucking legit, and go out of your way to update your wikipedia page to claim you're legit, and then use a low budget DIY webpage? There's no way you think that every trader at every firm that calls itself a HFT firm is a millionaire. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519160) |
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Date: October 15th, 2014 2:04 AM Author: Pearl queen of the night Literally every business in America now has a website in one form or another. You sound like a huge faggot. It is undisputed that the CEO created BATS and now runs this chill KC HFT firm. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519168) |
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Date: October 15th, 2014 2:07 AM Author: bright mother So every high frequency trader on earth is a millionaire? (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519177) |
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Date: October 15th, 2014 2:13 AM Author: Pearl queen of the night Serious question. Are you mentally handicapped? Where did I, or anyone else, posit that Dave Cummings is a millionaire? He almost assuredly is, but the issue ITT concerned the relative prestige of the Tradebot firm, because the OP wanted a means to compare his $210k existence to an apparent Tradebot EE faggot. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519194) |
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Date: October 15th, 2014 2:19 AM Author: bright mother please re-read this sub-thread. TYIA you fucking retard. It went like this:
Bro #1 says "they have a shit website b/c they're making so much money!!1!" I say "ya, but then why have a website at all; also how do you know that these guys are making so much money, and if they're making money and spending time with their wikipedia marketing campaign, why not splurge and get a not-shit website" You say "you're dumb. everyone has websites!" Because my post deals with 2 things, and you respond by saying I'm dumb, I say "so, umm, remember thing 2 with the being rich, was your dumbfuck response acknowledging that? Thanks for pointing out that businesses have websites, though"
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Date: October 15th, 2014 11:09 AM Author: fighting balding sweet tailpipe They are a legit firm and pretty well-known. Not sure they pay big money to these junior state school bros though. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26520552) |
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Date: October 15th, 2014 11:15 AM Author: aquamarine mexican If they don't pay, why wouldnt the u. Nebraska bros just go set up shop down the street, and summon startup capital by saying "we just left trade mother fucking bot. " (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26520573) |
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Date: October 15th, 2014 11:17 AM Author: fighting balding sweet tailpipe I would think each bro probably only knows about one small part of the overall system so wouldn't be able to just replicate everything. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26520579) |
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Date: October 15th, 2014 1:15 PM Author: Bronze racy circlehead Yeah it would be like trying to replicate Google if you worked on search signals there.
They are supposed to be super fast so even if you knew how the trades work, you'd have to build some really good scalable technology to make money with them. That is probably their big (only?) edge. Their LinkedIn is full of State U STEM bros who can build shit like that and a smattering of Midwest finance doods/former HS math teachers. It's probably slim pickins in Kansas City if you wanted to get PhD quants and shit.
This guy's bro could easily make more than 210k at a job that's more fun than lawyering but probably not a mil unless he's a superstar.
Seems like they were one of the first real HFT firms so the owner is probably rich especially since he made BATS which is pretty big now: http://www.bizjournals.com/kansascity/stories/2005/01/17/smallb1.html?page=all
I think I read somewhere that Getco's original trading system was made by these guys too. |
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Date: October 15th, 2014 11:22 AM Author: Excitant cuck tattoo Because TradeBot makes their money not by being smart and having innovative algorithms, but by the CEO having a connection with some Barclays guy who lets them secretly trade in Barclays dark pools and basically quietly steal money from Barclays' large institutional clients. U Nebraska bros don't have that connection. HTH. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26520597) |
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Date: October 15th, 2014 11:46 AM Author: exhilarant hall coffee pot /thread (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26520715) |
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Date: October 15th, 2014 1:04 PM Author: Bronze racy circlehead Yeah that totally makes sense. Most Wall St firms are just dying to extend special privileges to some Midwestern corn farming bible thumper dude, institutional traders are completely unable to measure execution quality, and you can trade 5% of the market by ripping off guys in dark pools. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26521266) |
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Date: October 15th, 2014 1:09 PM Author: Excitant cuck tattoo (guy who doesn't remember Goldman Sachs fucking over some huge clients in the months leading up to the financial crisis)
(guy who doesn't understand the opacity inherent in a bank-run dark pool)
(guy who puts way too much stock in a single statistic listed on a company's self-promoting website with no citation or context provided) |
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Date: October 15th, 2014 1:21 PM Author: Bronze racy circlehead (Guy who thinks this corn husking dude just walks into Barclays office and suggests he rips off their clients so they can make a tiny commission off him (seriously read the NY AG statement, TradeBot was paying near-zero fees))
I know how dark pools work. It's just a private exchange that doesn't display quotes. Guys like this would probably want to trade there to interact with more institutional orders. Most asset managers have execution agreements with several banks. If Barclays' execution quality was SPS, they would leave or redirect their orders. |
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Date: October 15th, 2014 12:08 PM Author: aquamarine mexican I sent in my app. I'll bump this thread with updates, if any. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26520845) |
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Date: October 15th, 2014 1:22 PM Author: Bronze racy circlehead SAT/ACT score? (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26521401) |
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Date: October 15th, 2014 3:38 PM Author: aquamarine mexican Only 1340 bro. You think I'm done here?
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Date: October 15th, 2014 1:25 PM Author: Bronze racy circlehead Bro has his own private microwave network: http://www.tatora.com/
"We're faster than you."
Gotta love dat hubris. |
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Date: October 15th, 2014 4:43 PM Author: aquamarine mexican If they're profitable, why not take on investors to leverage your strategy, charge 2% and 20% like the hedge funds do and make money on money? (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26522920) |
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Date: October 15th, 2014 4:47 PM Author: fighting balding sweet tailpipe Their strategies probably only have so much capacity. They're already trading 5% of the market - if they have to trade too much, it won't work as well. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26522957) |
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Date: October 15th, 2014 4:47 PM Author: Federal trip range The "Board of Directors" pics and website makes this look like some late 90s suburban office park generic corporate shitjob. But the guy probably makes millions. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26522963) |
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Date: October 15th, 2014 9:18 PM Author: hairraiser pale genital piercing travel guidebook because dealing with investors and fundraising is a pain in the ass. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26524311) |
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Date: October 15th, 2014 9:46 PM Author: Electric Amber Mental Disorder high-frequency market making strategies require small amounts of investor capital. the volatility is so low that even small firms can trade using their own money and have a very low probability of going under. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26524432) |
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Date: October 16th, 2014 1:21 AM Author: aquamarine mexican My understanding is that the server costs and colocation costs were expensive as fuck (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26525877) |
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Date: October 16th, 2014 2:04 AM Author: Smoky pervert bawdyhouse yes. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26526041) |
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Date: October 16th, 2014 2:03 AM Author: Smoky pervert bawdyhouse capacity is low. if you're trading really fast, you don't need that much capital as each dollar can be recycled many, many times over. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26526036) |
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Date: October 15th, 2014 9:37 PM Author: frum antidepressant drug LJL @ all the people here who have never heard of Tradebot. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26524383) |
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Date: October 15th, 2014 9:47 PM Author: fighting balding sweet tailpipe (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26524438) |
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Date: October 15th, 2014 11:58 PM Author: aquamarine mexican I'm sure there's tons of major market players in tons of markets that none of us have ever heard of. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26525379) |
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Date: October 16th, 2014 2:03 AM Author: Smoky pervert bawdyhouse yeah, there's some serious bs in this thread. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26526040) |
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Date: October 16th, 2014 2:06 AM Author: hyperactive jet-lagged cruise ship I read Flash Boys earlier this year. The two firms that really stood out as leaders in HFT were Getco and Virtu. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26526057) |
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Date: October 16th, 2014 2:08 AM Author: hyperactive jet-lagged cruise ship Although Tradebot is big enough to be listed here: http://www.reuters.com/article/2014/07/17/us-sec-investigation-highfrequencytradin-idUSKBN0FM2TW20140717 |
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Date: October 16th, 2014 9:00 PM Author: frum antidepressant drug Pretty sure Tradebot is in there. They're the ones who pushed CBSX for the inverted pricing. (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26530851) |
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Date: October 17th, 2014 12:17 PM Author: aquamarine mexican Ya, Lewis quotes the tradebot CEO for some of the shit he says on his website. Essentially "tradebot CEO Cummings says he's making tons of dough" (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26534813) |
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Date: October 18th, 2014 12:27 AM Author: aquamarine mexican (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26539889) |
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Date: October 19th, 2014 2:09 PM Author: aquamarine mexican (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26547812) |
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Date: October 19th, 2014 2:13 PM Author: greedy startling messiness dude is probably halfway between BATS, CME, and NYSE coping dat arbitrage between exchanges... easily $300k / yr (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26547834) |
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Date: October 20th, 2014 2:09 AM Author: titillating tan legend lol, you have no idea what some random guy working for some random hft firm makes. It might be 300k, it might be 2mm, it might be 85k (which is probably market price for a civil engineer in the midwest). (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26552193) |
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Date: October 20th, 2014 2:08 AM Author: titillating tan legend I rate it highly (http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26552185) |