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- 1 May 2007
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In their game, the biggest edge is speed. Optiver currently fighting with Tibra over properitary software disputes in the courts... sh*tfest!
Dunno why, but have been thinking about this point recently.
If their edge is purely mathematical or derived from technology, they wouldn't need traders to sit in front of screens, some algo would do it all.
So perhaps their biggest edge comes from pulling liquidity at certain points...knowing when to make a market and when not to. This would be based on the emotions of other traders, the kind of thing a computer cannot predict and adapt to easily.
In their game, the biggest edge is speed. Optiver currently fighting with Tibra over properitary software disputes in the courts... sh*tfest!
Then what is the purpose of having traders sit in front of screens? How is the adaptability and initiative of a human adding value?
You need someone to turn the computer on.
or someone to turn it off when the marketmaking algos become self aware.
when the marketmaking algos become self aware.
Here's one to add to the list:
http://www.silkroadcapital.com.au/
looks like a dsicretionary firm similar to Propex...
A nice little spiel on the failures of prop traders:
http://www.smbtraining.com/blog/the-failure-rate-of-a-proprietary-trader
"Prop traders" is a very very broad category.
But can someone pls copy and paste what's on the link onto this thread? It won't work on my computer...........
BTW, who is 'Bella' White?
"Prop traders" is a very very broad category.
But can someone pls copy and paste what's on the link onto this thread? It won't work on my computer...........
BTW, who is 'Bella' White?
Hes the MD of SMB im prety sure, hes in the midst of writing a book "way of the prop trader" or something like that
Mike Bellafiore's (Bella) book One Good Trade: Inside the Highly Competitive World of Proprietary Trading will be out this August. Thxs for asking.
Mike Bellafiore's (Bella) book One Good Trade: Inside the Highly Competitive World of Proprietary Trading will be out this August. Thxs for asking.
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