Tag Archives: firm

HFT firm loses 1.5m but still pays 260k per head

HFT firm loses 1.5m but still pays 260k per head

Any smart mathematician knows that this is not sustainable so I would not be surprised many of these firms could close down

Sun Trading is the latest HFT to unveil its 2015 accounts, and has posted a loss of $1.5m, compared to a profit of $7.4m in 2014. Despite this, it has four more employees in 2015 than the previous year, and paid an average of $260k per head. …

Spire Europe, which posted its 2015 results last week, has increased headcount by 38% on the previous year, or around 30 people. Despite an increase in revenues, from £94.6m ($115.9m) to £140.2m, Spire’s profits dropped by around £5m to £15m.

http://news.efinancialcareers.com/uk-en/262338/hft-posts-1-5m-loss-still-pays-260k-per-head

 

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HFT firm KCG jumped 23% on a report Virtu Financial wants to buy them

I hope Virtu purges the pompous A-holes i find at KCG.

Shares in KCG jumped 23% on the news.

http://finance.yahoo.com/news/high-frequency-trading-firm-kcg-201039622.html

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Satisfied working with an HFT firm?

Satisfied working with an HFT firm?

Someone answered this who was from MIT that worked at GETCO. She is now a very influential person.

Thanks to someone influential on my Facebook group for making me aware of this.

https://www.quora.com/How-satisfying-is-it-to-work-at-a-High-Frequency-Trading-firm

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Here is how to start your HFT trading firm

How to start your HFT trading firm

I keep getting these articles and questions about starting a high-frequency trading firm. As you can imagine, it is not that easy.

 

Read this article here to see what I mean

 

The main takeaways from this article are:

  • the different strategies available
  • prime broker and back office options
  • finding your clearinghouse
  • it is not about your algorithm alone

 

If you read this whole article, you think your algo is the easiest part. Ugh… What we do to make money. You should even read the article comments.

 

I have highlighted the frameworks that I want to use for a high-speed trading system that I want to build but it seems much more daunting than it used to be. Also, I really don’t think you can get away with starting at $20,000 in your trading account.

 

As I’ve already hinted, looks like I’m setting a hard date sometime in July as my first day to talk like a trader. Ha ha. All the content is already ready to go for learning futures and options trading (Phase 2) which is part of my “Algo training course in Python to set up your automated trading business.”.

 

Learn more here

 

I’m actually thinking of bringing in some very high caliber traders to advance programmers to make these LIVE lessons more dynamic. It gets kind of stale listening to me talk about technology so I want to get other people’s points of views as well. More to come as I can try work out commitments from others which are part of my network. These will obviously happen every Tuesday night at 8 PM Eastern Standard time since I started in February.

 

See my entire benefits of these courses and other membership advantages

 

Go here for immediate access

 

Thanks for reading

Bryan

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

How to start your HFT trading firm

How to start your HFT trading firm

I actually learned some stuff here but the back office is uh, I forgot about that…$20K to start??

https://www.linkedin.com/pulse/how-set-up-your-own-high-frequency-trading-firm-ariel-silahian

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

How does RenTech HFT firm keep its secret secretly?

How does RenTech HFT firm keep its secret?

My latest video got some interesting comments regarding how Renaissance Technologies (RenTechP) keep all their secrets in place.
I did a little digging and revealed the following:

Check it out here

The power of algorithms and high-frequency trading in the world of Quant is so powerful it leaves any human trader behind. It is no 
longer valid to trade like a luddite. You either get  crushed by competing computerized algorithms or you will not be able to optimize 
Maximum pay off. Either way as a human trader, why waste your time? I don't have that kind of patience. Nor do I want to trade 
blindingly by just sheer guessing or listening to cousin Johnny.

Again as always, this is why I've built my Quant Elite membership for those that are new in joining this world. Personally I want all 
people to be able to achieve full advantage but still use simple programming and mathematical techniques for their optimal trading
potential. Not only that, I have created the most technically advanced membership of its kind as compared to  anything else online. 
Did you know I give you a very affordable rate annually but still give an extra two years?

Check out of here

Have a good one eh?  Take off EH?

Your trading Canuck friend,

Bryan

P.S. Still interested? We can talk about this by getting details here.
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

How does RenTech HFT firm keep its secret?

How does RenTech HFT firm keep its secret?

These comment came in via a Youtube video below:

Hi Brian ..Need Your help with a Question (A bit off Topic).. Can You tell me how a Computer Trading Firm like Renaissance Technologies have managed to keep their Trading Codes ( secret) for such a long time without one of their employees stealing it for themselves ? I mean , how do you pass it down from one generation (of Analyst/Traders) to another without leakages ..Been scratching my head over this … Thanks
.I heard that you sign a contract for life. Basically when you want out, you are introduced to their ‘woodshed’. Who knows ??

 

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

How start a wealth management firm?

How start a wealth management firm?
Another way of saying hedge fund according to Bloomberg?

Since 2007, only one segment of the wealth management industry has boosted its market share every year: independent advisory firms. They’ve more than doubled their assets in that time, overseeing about $2.7 trillion as of 2014. And there’s room for growth. According to an estimate by Boston Consulting Group, a total of $46 trillion in private wealth is up for grabs in the U.S. We asked several independent investment advisers, many of them former brokers, about setting out on their own. Here’s their advice.

To read the entire article, go to http://bloom.bg/1gOefoN

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HFT firm allows tax free income in Roth IRA

HFT firm allows tax free income in Roth IRA

From a Skype contact, a similar peice can be said for Roth IRAs in USA. It is the same as a TSFA but HFT firm Rentech is taking full advantage of it. Strange timing

http://www.bloomberg.com/news/articles/2015-06-16/how-an-exclusive-hedge-fund-turbocharged-retirement-plan

That is awesome!

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!