Tag Archives: Market Maker

Trading forex like a market maker

Trading forex like a market maker

learn this skill market making, this is how you get max bank for your trading time. This where the big boy billlionaire traders play aka the pro insiders

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HFT market maker Virtu Financial CEO on Bloomberg

HFT market maker Virtu Financial CEO on Bloomberg

This just happened:

Virtu interview on Bloomberg Mar 21.

Topics covered:

12000 financial assets 35 countries

Doug Cifu CEO Virtu Financial (background is lawyer)

Equities makes markets based volatility

In Japan in Q1

Public company a year ago

Deals focus on efficiency no acquisitions yet

Merge 3 market making firms

 

Competitor Flowtraders in Euope went public

HFT regulated in 35 countries -> tries to be transparent

Does not believe in trade tax

Will share algos with regulators if needed

CFTC Charman will not get code just because

IEX has speed bump no impact on Virtu as member, supports it

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HFT market maker now own 100% of NYSE

HFT market maker now own 100% of NYSE

I am not sure how people missed this one

Jan. 26 — Tom Farley, president at NYSE Group, and Ari Rubenstein, co-founder and chief executive officer at GTS, talk with Betty Li about GTS becoming a Designated Market maker on the NYSE and how the NYSE is prepared for current market volatility. They speak on “Bloomberg Markets.”

Global Trading Systems LLC agreed to purchase Barclays Plc’s business at the New York Stock Exchange floor, meaning high-speed trading firms now manage buying and selling of nearly all securities there.

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

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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!

Low latency Market maker C++ code for HFT

Low latency Market maker C++ code for HFT

This is an interesting 3 post blog  on this topic with videos

https://alexabosi.wordpress.com/

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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!

Software dude runs as a market maker out of his house to earn 3 million per year

This is the software dude runs as a market maker out of his house to earn 3 million per year

He deploys 600K working capital at the tune of 15k per month for this software. Soor Poor people need not apply.See more

Don’t forget about my upcoming Meetup on Monday nite at 7PM Eastern

Risk parameters and money management in a self adapting automated trading world

http://www.meetup.com/quant-finance/events/214210452/

http://www.meetup.com/R-Matlab-Users/events/214210672/

Hope this gives you some guidance on the potential of automated trading.

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!

This is the software dude runs as a market maker out of his house to earn 3 million per year

This is the software dude runs as a market maker out of his house to earn 3 million per year

He deploys 600K working capital at the tune of 15k per month for this software. Soor Poor people need not apply.

http://www.orc-group.com/Products/Trading/Orc-Market-Maker/

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Why I include Tradestation as a way to potentially lose money? Market maker or selling your order flow anyone?

Why I include Tradestation as a way to potentially lose money? Market maker or selling your order flow anyone?

Someone asked me:

Bryan sorry to hear that person had a bad experience with an FX broker. Serves as a warning that you need to be careful who you do business with (especially so in the FX world) but I see nothing in their comments that mentions ninja trader or Tradestation. What was your reason for including them?

From: https://quantlabs.net/blog/2014/06/will-retail-trading-platforms-like-tradestation-metatrader-and-ninja-trader-actually-make-you-lose-money/

My response:
Simple, Tradestation is tied to itself as the broker. Basically, I don’t try brokers so pick the least corrupt which is Interactive Brokers. Call it market making manipulation or selling their order flow.

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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!

Right…Interactive Brokers never trades against or resell their order flow, they are a market maker so they need to explain better

Right…Interactive Brokers never trades against or resell their order flow, they are a market maker so they need to explain better

Don’t believe this ad, sorry

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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!

This is what market makers call retail forex traders in un regulated broker: Obliterating fish in a barrel

This is what market makers call retail forex traders in an un regulated foreign broker: Obliterating fish in a barrel

If you saw this video, any uninformed retail trader is like this deal fish in a barrel with market maker high speed machine guns called HFT! The best part is I don’t think it could be regulated

 

Learn how you can defend yourself in the world of HFT high speed trading 

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!

The amazing dirty little secret hft market makers are skimming uninformed FOREX traders

The amazing dirty little secret hft market makers are skimming uninformed FOREX traders

Ouch. I feel sorry for the suckers and the corrupt brokers out there. Can it be regulated? I don’t think so.

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More evidence on what you should know from pg 37 at:

Informed Traders as Liquidity Providers: Evidence from the German Equity Market

2014-04-28 15_21_20-Informed Traders as Liquidity Providers_ Evidence from the German Equity Market

Also from another PDF

This is true in as much as that we can to let an uninformed
trader interact as a discretionary player in a perfect Bayesian game, such that we can
process our analysis in a standard way to extract parameter-dependent analytical result.

http://www.finance-innovation.org/risk09/work/8590766.pdf

http://www.rinfinance.com/RinFinance2009/presentations/microstructure-tutorial.pdf

Note:

Spreads tend to decline over time as MMs fi gure out V.

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!