3 Quants In Their 20s Run HFT Hedge Fund Making $1 Billion Of Trades Daily
Could you imagine a new high-frequency trading shop run by 3 20+ year-olds from Ivy League schools. That is happening right now with a company called Domeyard in Boston. They’ve done fairly well with a 21% annual return. Not only that, they have some pretty impressive managers who are experienced from throughout industry to help run the show.
NY4 data warehouse that is trading trillions daily
This is from Equifax housing all the major banks, exchanges, and HFT shops
The new trading floor: This view from a catwalk shows some of the miles of fiber-optic cable that connect to machines below
Six miles northwest of the New York Stock Exchange as the microwave flies, across the Hudson River and within earshot of Interstate 95, is a building with no name. Only three numbers mark its address, and, like much of its surroundings, it’s nondescript, encircled by windblown trash and lonely semitrailers waiting to be hauled away somewhere. It’s a part of New Jersey that’s, well, ugly.
To read the entire article, go to http://bloom.bg/1Sf1TXx
300,000,000 rows by 400,000,000 transactions, completely rebuilt daily, in 60 minutes. What do you think the key issues are?
Not a lot to go on, but here are a few:
…Stability of source systems – repeatable?
…Validated – 400MM transactions in only 300MM rows?
…Accessible – integrated to existing reporting tools or trapped in specialized system?
…Actionable intelligence at the targets?
…Auditable to the source from a granular target?
…Institutionalized or ad hoc?
72 algo strategy development course for High Frequency Trading videos already posted, FREE daily quant analysis, and more
Here is the itinerary of my new online Algo Strategy Development course. Over 72 algos are already preloaded ready to go! This is only available to Premium Members:
1. Evaluating performance and HFT strategies
2. Order types for HFT
3. Market Inefficiency and Profit Opps in different frequencies
4. Searching for HFT opps
5. Working with tick data
6. Trading on market micro structure
7. Event arbitrage
8. Statistical arbitrage in HFT
9. Managing Portfolios
10. Back testing trading models
11. Risk management
12. Executing and monitoring HFT environment
13. Post trading profitability analysis
New videos are being posted as well which will be posted frequently on each new section. Get in on the affordable membership rates now!
We also got a new Membership Benefits section as well which gives you access to this course: http://quantlabs.net/quant-member-benefits/slash-your-quant-learning-curve/
Don’t forget this also gives you access to our exclusive QuantLib and Open Source High Frequency Trading Platform course with our 2 gig forex database. Did I also mention you get access to our countless number of software development examples?
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