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A comment on Google and Nasdaq Pursuing Nano-Second Precision in Network Time Protocol. Parent comment

Re:Google and Nasdaq Pursuing Nano-Second Precision in Netwo... by qeternity on Sunday July 01, 2018 @02:06PM (#17436707)
Yes, consolidation and layoffs. Go see how many KCG guys were kept by Virtu. If anything the industry has gotten smaller. People are just buying up flow now. There are no "big" HFT firms when compared to proper buy side.

> the space is commoditized and controlled by a few firms

Few firms != big firms

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Re:Google and Nasdaq Pursuing Nano-Second Precision in Netwo... by mikert5671 on Sunday July 01, 2018 @02:08PM (#17436712)
Yeah its funny, I still read outrage about those greedy "HFT players", as if HFT was still highly relevant. It was a blip in time of the financial markets when no one had high speed trading but a few. The alpha has been washed away.
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Re:Google and Nasdaq Pursuing Nano-Second Precision in Netwo... by qeternity on Sunday July 01, 2018 @02:17PM (#17436767)
"c[1] is a bitch" - most HFT quants past few years

[1] - https://en.wikipedia.org/wiki/Speed_of_light

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Re:Google and Nasdaq Pursuing Nano-Second Precision in Netwo... by minhazm423 on Tuesday July 03, 2018 @05:49AM (#17448835)
> The alpha has been washed away.

whats that mean?

so what are quants on the street doing now?

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Re:Google and Nasdaq Pursuing Nano-Second Precision in Netwo... by qeternity on Tuesday July 03, 2018 @06:25PM (#17454080)
Quant !== HFT
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Re:Google and Nasdaq Pursuing Nano-Second Precision in Netwo... by minhazm423 on Tuesday July 03, 2018 @06:33PM (#17454124)
whats the diff? What are people working on hft solutions called then?
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