Tag Archives: proprietary

Goldman Sachs Trading Cash Machine and their ULTRA Proprietary Program Trading Profits Machine

Goldman Sachs Trading Cash Machine and their ULTRA Proprietary Program Trading Profits Machine

Think of this:

90% profits of $13 billion in prop trading in 2012

75% of 2009 profit from trading (during the financial meltdown)

– See more at: https://quantlabs.net/blog/2014/06/goldman-sachs-trading-cash-machine-and-their-proprietary-program-trading-profits-machine/#sthash.Rvb3YzX7.dpuf

Man, there are those crazy numbers for their trading side. I think they do other 10% of proftable activity really is where most of their expenses reside. What a waste to have deadweight departments like M&A, credit, bank, tax, etc. I don’t they really need to do these while trading.

Don’t get me wrong, this is still an evil company as these news stories portray. All I am saying is that their trading is the most important division. This is all you should care about.

Imagine this? What happens if you were able to scale up your most profitable trading ideas. You know, in dozens of automated trading processes  in parallel? That would be potentially have profitable trading person on your desk. Is it possible? Of course!

–> LEARN HOW TO AUTOMATE YOUR WAY WITH TRADING NOW <—

Bryan

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Goldman Sachs Trading Cash Machine and their Proprietary Program Trading Profits Machine

Goldman Sachs Trading Cash Machine and their Proprietary Program Trading Profits Machine

90% profits of $13 billion in prop trading for last year in 2012

75% of 2009 profit from trading

Who cares? I thought this was capitalism so why attack on them

Prop trading is their job.

The solution for Goldman is to get rid of their clientele as they make more money for themselves. That is what I would do.

Granted Goldman Sachs do shady stuff, they should clean it up and tell the truth.

At 8:32 the hudge fund guy makes an awesome point!! Watch it.

Wah wah

Also, in the other video it seems that there are the hypocrites who will gladly take the big bucks from their employer and turn on them. Nice.

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List of Proprietary Trading Firms in India

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Futures First Info Services Pvt. Ltd.
TransMarket Group L.L.C
Trenchant Financial Technologies
Raptor Trading Group
Jaypee Capital Services Ltd.
IKM Investor services Ltd.
GoSTX
Estee Advisors Private Limited
A P Corona Outsourcing pvt. LTD
Edelweiss Capital
IDBI Capital Market Services Ltd

Kredent Trading
India Advantage Securities Ltd.
Dolat Capital
Open Online Securities (P) Ltd
Ariston Capital Services Pvt Ltd
Capstone Securities Analysis Pvt Ltd
Focus Comtrade
Fountain Securities Analysis Pvt Ltd

SMC Global
Kumar Share Brokers Limited
Adroit Financial Services
BLB LIMITED
DYNAMIC
Mansukh Securities & Finance Ltd

 

Requested to be added

Dear Sir or Madame, My name is Julius van Sambeck and I am reaching out to you with a request to be added to your list of Proprietary Trading Firms at the following subdirectory of you page: /blog/2014/04/list-of-proprietary-trading-firms-in-india/ We are a global boutique proprietary trading firm with four office presences worldwide of which two of them are Inida (Hyderabad and Pune) For more information, please avail yourself at our website or do not hesitate to contact me directly over the phone or e-mail. Thank you and Kind Regards Julius van Sambeck Blue Point Trading Office: +44 208 242 6221

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Matlab Simulink offers a more control and open source than any proprietary HFT or trading platform software solution

Matlab Simulink offers a more control and open source than any proprietary HFT or trading platform software solution

 

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Another continued dialogue with my Youtube visitor:

The problem is that the DLL is generated by the matlab compiler, which means that it is still dependent upon the interpreted/sluggish matlab compiler runtime. Deltix is pretty good for what it is, but it is still pricey and it is still a locked down proprietary system.

–> agreed on both points. You are referring to Matlab Builder NE or JA which you are correct. I prefer the code generation from either the Matlab or Simulink Compiler toolboxes

 

With Matab/Simulink you have a true open platform. Sticking to deltix would only be suitable for a niche, especially since deltix only has a few dozen customers, itself.

–> Again I wholeheartedly agree with this

Matlab/Simulink can let you demonstrate systems for retail clients and execution from matlab, or professional clients with c++ code generation or niche fpga clients with code targeted to fpga.

–> I cover these with Simulink to C++ to DLL for Tradelink in my Premium Membership

I mean, if you gave clients connectors for currenex/quickfix plus ib/quickfix and an iqfeed datafeed for ib, plus showed them x_trader with strategies/modeling and execution, that would cover all the bases.

–> IQFeed can be imported into Matlab through the data capture. Also it can execute trades using X_Trader through new Trading toolbox.

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From Qaunt Premium Member, the truth of open source vs money sucking proprietary software like Tradestation or Multicharts

From Qaunt Premium Member, the truth of open source vs money sucking proprietary software like Tradestation or Multicharts

 

This is a series of queries for:

Big announcement as I move back to Matlab for my quant model and trading strategies instead of R for my custom HFT 

 

 

Queries are below followed by –>

 

Bryan:

Once you have the C++ translations for analysis modules, can you use Scilab and/or Octave? Can Scilab generate translated modules? I believe particularly Scilab has a lot of recent effort put into it so it can integrate Matlab code and toolkits.
—> The end system is all done in C++ where the Matlab M script code is converted thanks to the  Matlab Coder toolbox. I will drop that C++ into my HFT platform.
The rest of this email, is just FYI,  some background to inform you about my particular personal interests and experience.

I am not at all sure if there is any good way to integrate with R though, even though I am aware that many traders’ analysts are rallying around R, whether the traders wear both analysis and trader hats at the same time, or are working as teams dividing the specialities among partners. I am still in Stone Age struggling with TradeStation for historical data and Multicharts for “dot net integration” to be able to use the legacy Easylanguage file writing of compressed data sitting around in various traders’ old backup TradeStation caches becoming no longer readable with new TS versions or Windows operating systems. But new traders can save tens of thousands of dollars sharing those old caches between others who just happened to save them. Many of these historical tick data can be found in forums on the internet already.

–> Tradestation is propietary which I am not a fan of. I like to work with things that are not so black box. R is fine but it does not quite live up to tick by tick analysis in real time. You can easily generate your own tick files thanks to IQFeed.net. http://www.youtube.com/watch?v=Ry7igGVN1uQ&feature=plcp

So why spends of thousands of dollars?
Isn’t it suspicious that the proprietary trading platform developers and sellers do not willingly encourage or even allow even simple ASCIII file READING of the same files they are easily capable of writing???

 

–> See that Youtube video above to have your mind blown.

The database work you are doing is fascinating, but the trader I am working with recently in New York by Teamview still has faith in the stored up caches of TradeStation tick data sitting around which I think will soon be almost impossible to gather, maintain, and read if it is not translated and recorded in a less proprietary format. I still am trying to find more time to study your data base proposals soon.

–> There is no proprietary technology to the above video. It is live tick by tick or  a any frequency historical data you can generate on your free will thanks to IQFeed

But I still have to spend time babysitting TradeStation, Multicharts, and Interactive Brokers accounts while I try to learn the more flexible escape routes from proprietary platforms without losing use of proprietary software I accumulated over many years.

 

–> Wow! Unfortunately you are getting left behind my friend. Programming will be a critical in the ‘next generation of trading’. Most of what I do is based on FREE open source technology but the only thing holding you back is learning the languages.

In terms of what kinds of data analysis I am interested in, it is mostly signal processing, as my background is electrical engineering, and I have for many years studied filtering, neural networks, audio technology which involves a lot of filtering.

 

–> Most strategies I am working on generate those signals but this video will change your views on how to trade in the next generation of software

Pretty cool huh?
I particularly like the java coded constraint-based filter design work in differential evolution by Rainer Storn, ( I own source code license)  the Singular Spectrum Analysis work by N. Golyandina et al. of Gistat Group,  the Biocomp software by Carl Cook, and the neural network tools by the late Steve Ward for all of which I have long ago paid up licenses. Most of these  are trading-oriented filtering and mapping tools useful for time series decomposition , compression,  and reconstruction.  Some I have seen no substitute yet in open source, others are just becoming available in R, Octave and Scilab. Of course, Matlab has been way aheadfor a long time, but I was hoping to escape the large matlab fees which I now am too “small” to afford…..

–> Sure I hear you on the costs of Matlab but fortunately for my Premium Membership will make these C++ generated strategies available for my members. People in the future will be paying thousands for these. Once I get past the development of my HFT platform, it will open this world very quickly. Remember I can use R but the previous video will show the bottlenecks with R which meant I had to resort back to Matlab for the Coder toolbox.

 

These tools will be quite useful for pre-processing historical data into a form useful for saving a lot of time now wasted in re-processing history redundantly in the proprietary platforms.  Better ( IMO, personally) to have available a “library” available for instant look-ups to determine what state a market is most probably in so  intelligent choice of current trading strategy does not have to always be repeated from scratch analytics. State change time and price-action intervals with useful repetitive persistence attributes are visible using these tools ( in retrospect) down to the minute, or even single tick in history for quick easy reference. This will be valuable time, equipment, and screen real estate saver when trying to pin down and classify causal evidence of state changes later. Many of these are quite simple in nature, thus useful for simple strategies, such as “what are  typical retrace ranges of this instrument ? , and how longare they likely to persist, and why, because what intrinsic and extrinsic events are probably the state change correlated causes?”  Being able to quickly relate quantifiable events outside of price data observation alone, especially scheduled events, to quantifiable persistent price activity behavior and its periodic change events is one valuable and essential approach in the toolbox. Isn’t that why traders call people quantifying, classifying, and identifying market state changes related to “events”……. “quants”?
–> Many people can use whatever type of analysis but the pro toolboxes from Matlab enable me to bang out stuff pretty quickly or at least test it within Matlab

 

Best Regards,
MR X (member  trying to find more time to follow your work, and escape from proprietary software platforms)

P.S.
Thanks for your invitation on Linked In! Am looking forward to correspondence more in future, and your opinions about my own points of view.

 

–> No worries as things will get more exciting after the HFT platform proves itself. Thanks for being a Member, it is guys like you that enable me to continue what I do.

 

So JOIN NOW so you don’t get left behind.

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Want to learn how to build a valuable proprietary C++ and R HfT aka high frequency trading platform? Starting today!

HI there
So today is that milestone where I decided to roll my own high frequency trading platform? Why? Bug ridden open source options are not my priority? Also, substandard documentation does not help. Luckily I was a strong C developer 20+ years ago, but things have majorly changed since then. I have posted my first link on my development tools on how to set up your environment. Here it is.
I also got a list of amazing C++ / R coding examples of a great stack for those interested in high frequency trading development. Go here.
This leaves a bunch of models and strategies to the end before I implement those. This includes PCA, Bayesian, and Markov Chain Monte Carlo. These are quite advanced in terms of math and what I call ‘quanty.’ Stupid name I know.
This is why I do my Premium Membership as they get an inside scoop for what I do? I plan to  post some private webinars on the development on my soon to be my proprietary HFT platform? Interested?
Thanks
Bryan
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Here is why Apple Mac OSX proves to be more proprietary than Microsoft Windows

Here is why Apple Mac OSX proves to be more proprietary than Microsoft Windows

After TODAY, I think Apple will start declining. They are more proprietary than Microsoft. I have a 7 year old Windows XP system that can run the latest version of Java. Why can’t my pre-Intel Mac run it? Or better yet Apple TV? Stupid Apple retail idiot goes ITunes needs OSX 10.5. Stupid stupid. Even Bloomberg reported that Apple is the most unfriendly to developers. Apple thinks their SH*T don’t smell. Goodbye and I may start focusing on Android.

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How does Tradetstation and Metatrader compete with these sub par proprietary languages like Easy Language or MQ4 or MQ5?

How does Tradetstation and Metatrader compete with these sub par proprietary languages like Easy Language or MQ4 or MQ5?

So I have been tasked for a Tradestation assignment or project. I am now building a basic model in Tradestation. I am in disbelief that trading platforms still have their own proprietary language like Tradestation’s Easy Language or Metatrader MQ4. As it stands, when you get a trading platform like Ninja Trader that support C#, it makes me wonder how the competition will keep up. Tradestation do not even offer any API where I am forced to learn this new environment and programming language. Serious. It is 2011. I have so many choices for a decent trading platform in languages I know. Also, there are open source ones like Tradelink or Marketcetera. What do I know right?
The best part part, I have to still pay for access to Tradestation’s development environment. How much was that Eclipse for Java or Visual Studio Express from Microsoft cost? Oh yeah. Zippo dollars.

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Is it good bye Java? Apache Foundation may give up on Oracle’s new ‘proprietary’ changes in Java 7?

Is it good bye Java? Apache Foundation may give up on Oracle’s new ‘proprietary’ changes in Java 7?
This is getting interesting as I am already putting more emphasis on .NET languages like C# or open C++. Anyhow, here are some quotes from an influential posting:

The non-profit ASF intends to fight back by using its seat in the Java Community Process (JCP) Executive Committee to vote against the approval of Java 7, the next major version of the programming language. The ASF is calling for other concerned Java stakeholders to cast a similar nay vote to protest Oracle’s breach of protocol. If the majority sides with the ASF, it would serve as a vote of no confidence in the JCP and Oracle’s stewardship of the Java language.
The conflict over Harmony predates Oracle’s acquisition of Sun. Oracle has continued to support Sun’s position on the matter following the acquisition despite having previously spoken in favor of Apache’s position in the past. The heart of the issue is the licensing terms under which the Java Technology Compatibility Kit (TCK) is distributed. The TCK—which is needed to demonstrate a Java implementation’s conformance with the language standard—is encumbered by field-of-use restrictions that are fundamentally hostile to open source Java implementors.
The TCK licensing restrictions violate the terms of a JCP governance policy, which specifies that all compatibility tests would be made available under terms that are conducive to third-party, open source Java implementations. It is believed that Oracle’s disregard for this policy constitutes a potentially actionable breach of contract. The ASF is threatening to abandon the JCP if Oracle doesn’t resolve the issue by supplying the TCK under suitable terms. If the ASF were to walk away from the JCP under such conditions, it would end the pretense that Java is an open language.
“Oracle is violating their contractual obligation as set forth under the rules of the JCP by only offering a TCK license that imposes additional terms and conditions that are not compatible with open source or Free software licenses,” the ASF declared in a statement. “The ASF will terminate its relationship with the JCP if our rights as implementers of Java specifications are not upheld by the JCP Executive Committee to the limits of the EC’s ability. The lack of active, strong and clear enforcement of those rights implies that the JSPA agreements are worthless, confirming that JCP specifications are nothing more than proprietary documentation.”

At the end, it lists that there are already forked versions of Open Office and MYSQL in the works. The MYSQL version is called MariaDB.
http://arstechnica.com/open-source/news/2010/11/apache-foundation-to-vote-down-java-7-protesting-oracle-abuses.ars

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