Re:U.S. power industry may ask key employees to live at work...
by yread on Monday March 23, 2020 @04:11PM
(#22668217)
I've heard rumours about a high-frequency trading shop doing that, too
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Re:U.S. power industry may ask key employees to live at work...
by babypuncher on Monday March 23, 2020 @06:06PM
(#22669321)
That seems wrong to me, I would hardly consider HFT to be a critical infrastructure. They should be sending most of those employees home.
Re:U.S. power industry may ask key employees to live at work...
by systemvoltage on Tuesday March 24, 2020 @03:12AM
(#22672730)
HFT should be banned and there should be a 15 minute delay before trade execution.
Re:U.S. power industry may ask key employees to live at work...
by kwhitefoot on Tuesday March 24, 2020 @06:21AM
(#22673514)
And that delay should be randomized.
Re:U.S. power industry may ask key employees to live at work...
by ramblerman on Tuesday March 24, 2020 @09:00AM
(#22674459)
That's a beautiful solution, hadn't considered that. You would instantly take almost all the wind out of their sails, with a simple random delay.
Re:U.S. power industry may ask key employees to live at work...
by hinkley on Monday March 23, 2020 @09:01PM
(#22670684)
Well, can all agree that HFTs think very highly of themselves, and thus self-identifying as critical is unsurprising if dubious?
Re:U.S. power industry may ask key employees to live at work...
by closeparen on Monday March 23, 2020 @04:23PM
(#22668327)
Weird. Can't they work from home?
Re:U.S. power industry may ask key employees to live at work...
by scott00 on Monday March 23, 2020 @09:44PM
(#22670959)
My firm (options market making, not exactly HFT, but close) has most people working from home successfully, but some are having problems with flaky internet. If I was the owner of a big shop I would probably want at least a skeleton crew in the office. A regional Comcast outage could easily take 90% of the remote employees offline.
Re:U.S. power industry may ask key employees to live at work...
by closeparen on Tuesday March 24, 2020 @03:01AM
(#22672672)
The same risk would seem to apply to most Silicon Valley oncall rotations every night.
Re:U.S. power industry may ask key employees to live at work...
by topher200 on Monday March 23, 2020 @04:58PM
(#22668670)
There might be latency issues. Although I'd expect that any decisions which are being made which require such latency are automated decisions running on a on-prem machine anyway...
Re:U.S. power industry may ask key employees to live at work...
by uoaei on Monday March 23, 2020 @05:11PM
(#22668792)
Need folks on-site to manage the on-premises machines in case of outage.
Re:U.S. power industry may ask key employees to live at work...
by pengaru on Monday March 23, 2020 @04:27PM
(#22668382)
Most home offices don't have 16 displays attached to the desk
Re:U.S. power industry may ask key employees to live at work...
by heavenlyblue on Monday March 23, 2020 @05:47PM
(#22669172)
I have an acquaintance who’s a trader and the company had installed a 16-display rig in their house last week (London).
Re:U.S. power industry may ask key employees to live at work...
by closeparen on Monday March 23, 2020 @09:31PM
(#22670884)
That's more for someone doing the trading than someone designing the trading robot (HFT).
Re:U.S. power industry may ask key employees to live at work...
by leetcrew on Monday March 23, 2020 @04:35PM
(#22668464)
mine would if I made that kind of money.
Re:U.S. power industry may ask key employees to live at work...
by kevin_thibedeau on Monday March 23, 2020 @04:39PM
(#22668503)
I'm waiting for someone to bring the vertically curved video slot machine displays to market for general use. Those would make a nice personal command center.
Re:U.S. power industry may ask key employees to live at work...
by tachyonbeam on Monday March 23, 2020 @04:39PM
(#22668505)
16 displays so you can save the time it would take you to switch desktops and physically move your chair around to look at different windows instead? I bet it looks really fancy and cool.
Re:U.S. power industry may ask key employees to live at work...
by pengaru on Monday March 23, 2020 @05:21PM
(#22668894)
I was mostly kidding, though they do tend to have what amounts to a videowall attached to the trading desks from what I've seen in photos shared by friends working in HFT.
What I suspect is a larger barrier is their paranoia. It'd surprise me if any HFT firm was comfortable with equipping the homes of its traders with everything needed from the bespoke software to appropriate hardware etc. They're very protective of their trade secrets and wouldn't want that stuff sitting around in the homes of employees where it can be either copied or otherwise scrutinized.
Re:U.S. power industry may ask key employees to live at work...
by iffybookmark on Monday March 23, 2020 @04:33PM
(#22668447)
Weird to single out HFT's. Isn't everyone working from home right now?
Especially since, in times of market turmoil, HFT's are an important market participant. Someone needs to catch the knives.
Also they're probably having their most profitable periods since 2008, so I'd imagine there's a lot of incentive (for employees and owners) to keep trading whenever possible.