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The Wall Street Code


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The Wall Street Code

  #81 (permalink)
 artemiso 
New York, NY
 
Experience: Beginner
Platform: Vanguard 401k
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Big Mike View Post
LOL'd a bit, as this is essentially exactly what I am doing for my custom platform:



But you are exactly right "whatever floats your boat", and for me this is what I wanted and needed, at least for now. Not everyone is competing in the same space. My trade duration is measured in hours to days.

Mike

Interesting thread, will subscribe.

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  #82 (permalink)
 nanex 
Chicago, IL
 
Experience: Intermediate
Platform: NxCore
Trading: ES
Posts: 18 since Feb 2012
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In case this got buried..

I was referring to the text underlined in red in the image below. Why was it deleted? Still stand by it?


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  #83 (permalink)
 artemiso 
New York, NY
 
Experience: Beginner
Platform: Vanguard 401k
Broker: Yahoo Finance
Trading: Mutual funds
Posts: 1,152 since Jul 2012
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Outlier View Post
...but rather jumped to conclusions to defend anything HFT.

All throughout my posts, I actually leave people with something to take away that they can learn from:

1. I warned people against IB and Timber Hill's prop trading practices. I suggested another brokerage. Someone PM'ed me and I also recommended another FCM. (And I don't clear with either of these 2 entities.)

2. I suggested ways to improve exchange architecture, and ways in which it can't improve from Nanex's suggestions. I even agreed with a few of Nanex's suggestions.

3. I told an inside story about 3 firms, so people understand the "latency arms race" better - that it actually boils down to a modeling advantage.

4. I showed details of our trading strategies.

5. I illustrated the positions of different trading participants and their relationships with "HFT": a $300B fund, the algorithmic trading desk at a broker-dealer, a retail brokerage firm, a prop trading firm etc. I explained how many of their trades represent innocent people like a young girl who just inherited a large number of stocks that was hard-earned.

6. I also shared data that I obtained from a thorough research methodology myself, rather than posting a PDF that was written by someone else, and data that was timestamped by ourselves.

What have you, or Nanex, demonstrated about your industry in this thread or done to benefit the readers of this thread? Actually, what kind of trading strategies do you two run anyway?

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  #84 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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artemiso View Post
All throughout my posts, I actually leave people with something to take away that they can learn from:

1. I warned people against IB and Timber Hill's prop trading practices. I suggested another brokerage. Someone PM'ed me and I also recommended another FCM. (And I don't clear with either of these 2 entities.)

2. I suggested ways to improve exchange architecture, and ways in which it can't improve from Nanex's suggestions. I even agreed with a few of Nanex's suggestions.

3. I told an inside story about 3 firms, so people understand the "latency arms race" better - that it actually boils down to a modeling advantage.

4. I showed details of our trading strategies.

5. I illustrated the positions of different trading participants and their relationships with "HFT": a $300B fund, the algorithmic trading desk at a broker-dealer, a retail brokerage firm, a prop trading firm etc. I explained how many of their trades represent innocent people like a young girl who just inherited a large number of stocks that was hard-earned.

6. I also shared data that I obtained from a thorough research methodology myself, rather than posting a PDF that was written by someone else, and data that was timestamped by ourselves.

I will thank you for the above part, but didn't thank the entire post due to the last sentence which I removed from the quote.

Mike

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  #85 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Mike

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  #86 (permalink)
 artemiso 
New York, NY
 
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nanex View Post
In case this got buried..

I was referring to the text underlined in red in the image below. Still stand by it?

Absolutely.


nanex View Post

Why was it deleted?

See your PM.

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  #87 (permalink)
 nanex 
Chicago, IL
 
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artemiso View Post
Absolutely.

This is from a co-founder of the McKay Brothers - just published today: https://www.nanex.net/aqck2/4436/RevisitingFedRobbery.pdf

A brief synopsis of this new paper along with our original post:

Nanex ~ 20-Sep-2013 ~ Einstein and The Great [AUTOLINK]Fed[/AUTOLINK] Robbery

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  #88 (permalink)
 artemiso 
New York, NY
 
Experience: Beginner
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Broker: Yahoo Finance
Trading: Mutual funds
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nanex View Post
This is from a co-founder of the McKay Brothers - just published today: https://www.nanex.net/aqck2/4436/RevisitingFedRobbery.pdf

A brief synopsis of this new paper along with our original post:

Nanex ~ 20-Sep-2013 ~ Einstein and The Great [AUTOLINK]Fed[/AUTOLINK] Robbery

My view is consistent with the PTG's statement.

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  #89 (permalink)
 nanex 
Chicago, IL
 
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artemiso View Post
My view is consistent with the PTG's statement.

Just so I'm clear, PTG says the FOMC news was preloaded on news servers in NY/Chicago before 2pm, then released at 2pm exactly.

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  #90 (permalink)
 nanex 
Chicago, IL
 
Experience: Intermediate
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Trading: ES
Posts: 18 since Feb 2012
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artemiso View Post
My view is consistent with the PTG's statement.

Your [new] view, the one consistent with PTG's statement, is inconsistent with your [now deleted] post:


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