News for hackers. Stuff that matters.
Re:Math Whiz Trades Without Humans by cheez on Saturday December 07, 2019 @01:19PM (#21731695)
No, that is how you think about high frequency trades. Lots of trades in a small amount of time, with a tiny positive expectancy.
Re:Math Whiz Trades Without Humans by smabie on Saturday December 07, 2019 @02:35PM (#21732113)
https://www.reuters.com/article/2014/11/13/us-markets-virtu-...

So Virtu profits on 51-52% of its trades. The type of math you are describing does not make any sense. Unless Virtu is significantly different from every other HFT firm, your idea of high asymmetry of profit and losses is not true.

Re:Math Whiz Trades Without Humans by cheez on Saturday December 07, 2019 @10:29PM (#21734186)
I meant about how you make 0.00001 per trade is possible. I just didn't want to figure out the 50-51% of trades numbers.