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
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
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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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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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
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?
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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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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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
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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:
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!