Tag Archives: firms

Secret of HFT firms like Ren Tech

Secrets of HFT firms like Renaissance Technologies


Over the last week, I can say that I’ve had some very dynamically generated content from various people within this QuantLabs.net community. Another such newsletter subscriber sent over some very useful interview content for those that like to watch James Simons of famous Renaissance Technologies. I have seen this before but maybe it might inspire those that want to head up their own high-frequency trading shops.

See this compilation of videos here

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Secrets of HFT firms like Renaissance Teechnologies

Secrets of HFT firms like Renaissance Teechnologies

Another very useful opinion on HFT firms including Ren Tec:

The benchmark for me is Renaissance Technologies, founded by Jim Simons and his philosophy regarding the people that work for the company. There are no MBA’s, Economists or Wall Street broker/traders but PHDs in Mathematics and Physics, and Computer system engineers to keep the back office running. Information about the company is hard to come by, and it a closed shop see their web site https://www.rentec.com/Home.action?index=true . If you do your own research as I have, you can build a picture of how the company may work (You will actually never really know as they are very guarded about talking to anyone outside the company about their activities  – The Renaissance Technologies Investor website is by invitation only.).

 

This may be a start if you are interested = Inside a Moneymaking Machine Like No Other – The Medallion Fund, an employees-only offering for the quants at Renaissance Technologies, is the blackest box in all of finance. https://www.bloomberg.com/news/articles/2016-11-21/how-renaissance-s-medallion-fund-became-finance-s-blackest-box

 

FYI for interest, – Renaissance Technologies, Two Sigma, Leman Capital – The Triumph Of The Quants

http://www.pressreleaserocket.net/renaissance-technologies-two-sigma-leman-capital-the-triumph-of-the-quants/463993/

 

James Simons (full length interview) https://www.youtube.com/watch?v=QNznD9hMEh0

Jim Simons A rare interview with the mathematician who cracked Wall Street https://www.youtube.com/watch?v=siGBO4Nqqws&t=1225s

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IEX ready to launch against big bad HFT firms

IEX ready to launch against big bad HFT firms

Brad Katsuyama wanted a stock market revolution and he’s getting one even before his Investors Exchange starts trading Friday.

To read the entire article, go to http://bloom.bg/2b7uKdY

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Do HFT firms like Citadel or Rentech use leverage?

Do HFT firms like Citadel or Rentech use leverage?

This came in from a newsletter reader:

Never thought of this?

Also, Rentech, Citadel amd others are using
very high leverage 1to 10, enhancing x5 their returns….
Totally inaccessible to retails..
It’s Pareto Law game….
Top 5 probably getting the 80% of return in that space.

Ren Tech limits their fund to 5 bioUSD, because of over-capacity…..

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Tech job study of Citadel Jump Tower Mana Bridgewater HFT hedge funds firms

Tech job study of RenTech HFT and Point72 hedge fund

I like doing these so hold onto your hat OK ? I have done may of these over the year but the technology does not change much once the infrastructure has been laid down. C++ and Python in Linux/UNIX is standard. Deal with it. OK?

I also like doing to see how the industry uses technology for their own infrastructure. This is the only way to get access outside of joining their firm even they would be interested.

I have done Citadel who are the largest https://quantlabs.net/blog/2015/10/hft-skills-for-citadel-technology/

Remember that 1.3 million paid out on average to London staff at Jump Trading?

You stopped me at average 1 million plus average HFT research programming job

 

Serious coin is spent from Tower Research

HFT firms want 2nd tower in UK

 

Here is the latest trend according to Manoj Nerang with his new firm of Mana:

Slower stat arbitrage strategy next frontier for HFT shops

http://stackoverflow.com/jobs/106635/head-of-application-software-mana-partners-llc

Job Description

MANA Partners, LLC, an exciting financial technology incubator and quantitative trading startup, is seeking a Head of Application Software. This is a full-time position. While we will have office space, there will be no set hours and working remotely the majority of the time is an option.

Skills & Requirements

Engineering/CS/Science/Math degree.
Very strong programming skills.
Preferably 1-5 years work experience.
Potential for CTO-track role in approximately one year.
No prior finance or economics experience necessary.

About MANA Partners, LLC

Founded by Manoj Narang — the founder and former CEO of Tradeworx Inc. and an internationally recognized expert in quantitative trading, MANA offers a unique ground-floor opportunity for rapid learning and advancement, extensive and direct interaction with senior management, and meaningful participation in the growth and success of the venture.

We currently have employees in Denver, CO and NYC.

Many RenTech topics have been covered https://quantlabs.net/blog/?s=rentech

Some Intel standard Linux tuning tools for C++: https://software.intel.com/en-us/intel-vtune-amplifier-xe

Here is interesting Ray Dahlio’s Bridgewater hire videos

http://www.bwater.com/home/careers/technology-hires.aspx
Dan the engineer talks generally about algo streaming in Scala. Another Lauren shows how they would collaborate. I know I would not fit cause I ain’t that smart like at this intellectual level.

 

 

 

 

 

 

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HFT firms want 2nd tower in UK

HFT firms want 2nd tower in UK

This includes jump measure 300 m in farmland UK

http://www.efinancialnews.com/story/2016-02-24/hft-firms-plan-second-tower-in-richborough-kent-kcg-jump-trading-kings-end-farm-mast

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This FT articles proves how HFT firms like Tower Research are impacting trading in banks

This FT articles proves how HFT firms like Tower Research are impacting  trading in banks

http://www.ft.com/cms/s/0/444c5a6a-6b7c-11e4-9337-00144feabdc0.html#axzz3KlagdiJp

This quote peaked my interest in this article:

Wake, a partnership with the HFT company Tower Research, is viewed as the bank’s response to massive technological and regulatory changes that have overtaken banks’ bond trading businesses in recent years.

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From Traders Magazine: Anyone for Tea and Sympathy with Beleaguered HFT aka High Frequency Trading Firms?

From Traders Magazine: Anyone for Tea and Sympathy with Beleaguered HFT aka High Frequency Trading Firms?

Let’s put this classifcation of traders to rest. Thanks to Sholom for sending

http://www.tradersmagazine.com/news/buyside/anyone-for-tea-and-sympathy-with-beleaguered-hft-firms-112970-1.html?utm_campaign=regulation-oct%2010%202014&utm_medium=email&utm_source=newsletter&ET=tradersmagazine%3Ae3177890%3A1189090a%3A&st=email

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What Happens when Strategies And Secrets Of High Frequency Trading (HFT) Firms Gets Revealed?

What Happens when Strategies And Secrets Of High Frequency Trading (HFT) Firms Gets Revealed?

Hmmm. if you want to know read more here

http://www.investopedia.com/articles/active-trading/092114/strategies-and-secrets-high-frequency-trading-hft-firms.asp

I also cover lots of these strategies in my FREE newsletter

 

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New York subpoenaed high frequency trading aka HFT firms plus investigating dark poll exchanges to see if they are legal

New York subpoenaed high frequency trading aka HFT firms plus investigating dark poll exchanges to see if they are legal
Done

 

Names include 6 companies which wants their arrangements with the exchanges, dark pools, and actual trading strategies:

Small potato ones:
:
Chopper Trading<– judging by their gallery, it looks like a bunch of kids with computers. I would not be surprised they were illegal.

Gallery


Tower Research
Jump Trading

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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!