Nasdaq and Tradeworx to launch test HFT facility for algorithms based on quant. Like submitting source code to Apple before Itunes?
This is a weird combination. This makes me the think on the credibility of the NASDAQ with all their foolish botches like the Facebook IPO. And now this? To me, this does not legitimize NASDAQ in any way to be affiliated with this media hound Manoj Narang and his company. I have been told many proper exchanges will go through your algorithm source being submitted to be allows to trade on an exchange. I could be wrong but it would make sense as no different before you submit your app to Apple before getting released on the Itunes store. I thought this process was already in place but I guess. Again thanks to my NYC source for this new tip.
http://www.reuters.com/article/2013/10/09/nasdaq-tradeworks-algos-idUSL1N0HZ17R20131009FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!