Imprecate

11 ms·

1.
by Imprecate 17y ago
http://www.nasdaqtrader.com/trader.aspx?ID=topliquidity GS isn't even top-5 on NASDAQ. Professional trading was never cheap. The barrier to entry for becoming a high-frequency trading firm is much, much lower than becoming a NYSE speciali
2.
by Imprecate 17y ago
Giant broker = small privately held company? The biggest players in this game are not massive NYC investment banks.
3.
by Imprecate 17y ago
Liquidity providers get paid to trade on most exchanges (maker-taker model). ETA: That's not to say this is a good book. It's not. I'd recommend Vidyamurthy's Pairs Trading and Harris's Trading and Exchanges, but there really aren't many
4.
by Imprecate 17y ago
I would gladly take such a position so long as the system seemed fair (e.g., seeing several long-term non-owner/management employees working there). The terms are spelled out clearly, and I'd rather work somewhere that I add value. If I c
5.
by Imprecate 17y ago
It also has negative effects for experienced workers: http://www.bloomberg.com/apps/news?pid=20601109&sid=a3Es... Instead of being fired or laid off, employees are put into "Milton" type roles where they are made to feel useless, or i
6.
by Imprecate 17y ago
Check out OKWS ( http://www.okws.org/doku.php?id=okws ) if you're interested in developing webapps on C++.
7.
by Imprecate 17y ago
That's called dual trading and there are already regulations in place that prohibit the scenario you described. A broker must execute his clients' orders before his own. In any case, most high-frequency operations are only trading for them
8.
by Imprecate 17y ago
Front-running is knowing an order is going to be inserted into an exchange's book, and sending your order before it; an example would be if a broker saw a client making a big trade and sent his order before the client's, hoping to profit wh
9.
by Imprecate 17y ago
If the person believed a natural counterparty would come along within milliseconds, why would he or she enter a market order rather than a passive limit order? There are many high-frequency strategies, and front-running/manipulating markets
10.
by Imprecate 17y ago
Technology has been disrupting Wall Street for years. Look at the NYSE / Archipelago reverse merger where a young, tech-savvy upstart ECN essentially took over the iconic New York bourse. "In the old days, short-term liquidity was provided
11.
by Imprecate 17y ago
The original poster probably doesn't meet the requirements for investing in hedge funds < http://www.fool.com/investing/mutual-funds/2006/02/28/are-yo... ; and they don't take $24k investments anyway.
12.
by Imprecate 17y ago
Assigning the value 0 or NULL to a pointer does not necessarily set it to address 0.
13.
by Imprecate 17y ago
It's not that amazing. Amtrak is a quasai-governmental entity; airlines face a lot of competition. Planes fly longer distances and have no alternate way to get online. People on a 3-4h train ride might be satisfied with a Blackberry or i
14.
by Imprecate 17y ago
Is that round-trip? I looked on Kayak and a round-trip flight tomorrow is at least $300. I don't think the busses and trains get so much more expensive at the last minute, but I could be wrong.
15.
by Imprecate 17y ago
Not all automated trading or quantitative finance is high-frequency. A bank trading exotic derivatives OTC could use C# to generate quotes without a problem. There are at least a couple reputable prop groups I know of that use C# in real-
16.
by Imprecate 17y ago
Depends on the branch. In quantitative finance: C++, R, F#, Q, OCaml, MATLAB, Python (NumPy and SciPy)
17.
by Imprecate 17y ago
That's actually really useful info. If someone visits your site enough to be in their top sites, it's probably a sign that they like it a lot.
18.
by Imprecate 17y ago
It's legal to disclose one's religion, marital status, and sexual orientation on a resume as well, but I think it would scare a hiring manager off. Saying you're eligible to work somewhere is different than disclosing your nationality. One
19.
by Imprecate 17y ago
My friends have all had similar experiences, though most of them were interviewing straight out of undergrad, so it may have been a little different. Have seriously in-depth knowledge of the languages you claim to know, practice solving pr
20.
by Imprecate 17y ago
I don't really think so. You're really trying to measure the scale of your work. Better metrics would be what specifications you implemented, features you added, scalability (# of users or servers). You wrote 21k lines of code, but code
21.
by Imprecate 17y ago
Agreed. Even assuming people do the right thing all the time and never get behind the wheel after drinking, when emotionally heated, without enough sleep, or while distracted by phones, etc., anyone can be distracted for a split-second and
22.
by Imprecate 17y ago
Modern cars make so much power that you really don't need to shift unless you're accelerating from a stop, in traffic, or on curvy/hilly backroads. I can comfortably drive in 6th gear between 55 and 100+ mph including passing, going up hil
23.
by Imprecate 17y ago
I've had a brand new high-end German car for almost a year and some of my closest friends don't even know I own it (I live in a large city where driving isn't that common). I like to keep a low profile for the most part. I don't want to at
24.
by Imprecate 17y ago
Top-tier high frequency proprietary trading firm. Always looking for expert level C and C++, strong knowledge of network programming, real-time systems, distributed systems, multithreadeding, Linux (to the kernel level preferably), perform
25.
by Imprecate 17y ago
I would assume it means to short sell the security. No clever modeling is going to generate 3000% quarterly returns in mostly efficient markets without taking significant risk. I do this kind of stuff for a living. Either the model is exc
26.
by Imprecate 17y ago
Why do you think the PS3 sucks? It's priced similarly to the Xbox and has a powerful CPU and GPU, good game selection, nice controllers, and support for what's currently the most viable way to watch 1080p movies along with streaming capabi
27.
by Imprecate 17y ago
When smoking a cigar or pipe most smokers don't inhale deeply like one does with a cigarette. There are still health risks for heavy cigar smokers like mouth cancer, IIRC.
28.
by Imprecate 17y ago
I live in a city with extremely tough anti-smoking laws. I came here from a city where smoking indoors was also illegal, but many bars found ways around it or disobeyed the law. I think it's more fair for the employees, which is why I supp
29.
by Imprecate 17y ago
Is smoking (outdoors) really that offensive? I agree that stale smoky clothes smell gross, but I'm never bothered by a crowd smoking outside a bar or club, or people doing it while they walk through the city. It's just a neutral city smel
30.
by Imprecate 17y ago
If they're specifically looking for someone who needs to hit the ground running almost immediately doing work tightly connected to package management, automated updates, or relations with the vendor, then yes. I could only see that being th

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