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Thinking you’re late to crypto is like thinking you’re late to the internet in December 1999.
Retweeted by MR. B∅DEK
Yeah, deduct that from their annual run-rate. One of my more illuminating moments was having dinner with the late and great Elwyn Berlekamp and hearing about the Rentec's early origins. Reminded me of how Edison took out his insecurities on Tesla.…
Unveiling my latest opus – “In Madoff’s Shadow: Reflecting on the Trajectory of the Regulatory Environment for Off-Exchange Market Makers”…
Retweeted by MR. B∅DEK
Shout out to every single member of the @TrumanProject who is moving mountains to get folks out of Afghanistan right now. I have never been more proud to be part of this community, or more in awe of what it can do.
Retweeted by MR. B∅DEK
PFOF facts. 1) It isn’t always “at or better than the best market price.” Much of the time, it isn’t. 2) It divides the market so max number and diversity of orders don’t interact. 3) It incentivizes widening of spreads. 4) It incentivizes volatility. So I disagree with below…
Retweeted by MR. B∅DEK
So you are implying a massive management overhaul? 😜…b
My son's band is better than what I just posted:… He's the long-hair.
Just found out about this footage of my first band. That's me on drums at 15yrs lol. Clearly, an investment bank candidate... MR CLEAN - Rochester, NY hardcore band live at Jazzberry's on Monroe Ave 8/5/1987…
I think I failed at empathizing with this dude … I should know better than to click on GS-promoted tweets … cardboard has more depth.…
Indestructible QTip
If you have ever heard of the phrase “the usual gang of idiots” it applies perfectly to that small group of executives I find popping up on the other side of my complaints and cases over the last decade. Please retire. Seriously.
So twitter won’t let me report fake @haLmbodek cause he blocked me. Can someone take down this btc scammer?
How ‘bout you’d be a god? Or maybe the Avatar from the Ultima series?…
Best Adrenaline Boost?
gotta say I just love @MarinaDiamandis & her hopeful vision of a world that finds its way.
Late night caffeine substitute. Deathrow - Spider Attack via @YouTube
Happy 4th friends & frenemies! I have always seen America as unfulfilled ideal - a perpetual & incremental revolution against injustice in its many forms. It is this ideal - that a better world is possible - that binds us. There is no better day to set your differences aside.
For all world changers: If you find yourself leading with no followers, reflect but don’t conclude right away that you are wrong about things. Sometimes it is best to just rest your weary feet while the world catches up.
Is there anyone else out there who finds themselves pulled between securities fraud detection, existential philosophy, and beating the market? Asking for a friend...
Happy Teenager Survival Trauma Day!
@EdgarArout Do read the mentioned book The problem of hft :collected writings by haim bodek Highly recommended
Retweeted by MR. B∅DEK
No amount of improved reporting can fix 1. Lack of per order competition 2. Lack of retail to retail matching even in 100% retail dominated stocks 3. Huge damage to lit markets from siphoning away of the mildest flow
Retweeted by MR. B∅DEK
An oldie but goodie… Ásmegin - Til Rondefolkets Herskab via @YouTube
direct experience with this “utility” experience. gets interesting when one utilizes you in a way that pisses off another one of em. their view is their time is more valuable than anything, meaning they expect you to work for free in what they see as a fair trade…
ya know, when you come up what you think is an elegant signal that fully encapsulates an idea about markets … and then you backtest it and find out it actually works if you invert it, it is VERY irritating!
Monday mornings alarm clock. 🤣�YN
Retweeted by MR. B∅DEK
Kinda like the new sheriff in town!…
SEC Chair Gary Gensler speaking to @FINRA annual conf today, repeats call that Congress should consider a formal regulatory regime for crypto exchanges. You can discount whether Congress wld do so, but has this flown a little under the radar?
Retweeted by MR. B∅DEK
In an unusual case of the SEC going after an index provider, S&P Dow Jones Indices is paying $9 million over its handling of a VIX-linked index during "Volmageddon" on Feb. 5, 2018. From @GunjanJS…
Retweeted by MR. B∅DEK
so when did aspie become the new black in quant trading?
One of the things that continues to fascinate me is how much negative alpha there is in a market maker position. Breach of hedging thresholds becomes the main prop signal & your hedging algo goes from dumb to smart af. Super fun property of the biz
Morning all. War song for your market battle! Ensiferum - In My Sword I Trust via @YouTube
Makes me miss old Korn. Nolstagia thing.…
Finance is a biz powered by informational asymmetry. Whatever narrative is obvious to everyone after being proffered as explanatory necessarily keeps such asymmetry intact. In other words, market equilibrium tends to solve for the most convenient false narrative. Ex: HFT = speed
To be clear. The SEC did require qjumping to be disclosed…
Just like they didn’t ban q jumping. free markets my man……
Generally positive, but I served on the defense side of two market manipulation cases where I believe regulators went beyond accepted definitions of spoofing / layering, overstepping bounds. Oddly, the parties allegedly harmed both cases were HFTs…
@HaimBodek Just looked up your bio, I remember hide-not-slide.. *I* didn’t know about it until some other group started working on it. A weird order type indeed, it made things winner take all for whoever was fastest. Equity market structure sucks.. even mid-size firms don’t bother anymore.
Retweeted by MR. B∅DEK
exactly. things got bad when the edge decompressed and there were too many smart / highly paid people trying to keep their seats. the function is real and the shenanigans were layered on top of that when the easy money was gone…
There you have it. My advice to traders is to read every SEC order you can get your hands on regarding algo trading, market manipulation, payment for order flow and best ex. Start with the recent SEC action against Robin Hood. google…
I did in 2013 and had three students lol. The truth is that these poor guys have been sold a fictional view of finance, and they are more interested in some magic algo view of the world than the truth of flawed ecosystem with guaranteed economics for certain insiders. 1/2…
There is a selection bias issue. The individuals who have real potential are too self-aware to get stuck and lost like these guys.…
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