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A comment on WallStreetBets vs WallStreet: It's not about the money anymore. Parent comment

Re:WallStreetBets vs WallStreet: It's not about the money an... by totalZero on Thursday January 28, 2021 @10:14AM (#25942995)
What kind of self-respecting HFT firm has revenue targets? Surely you're talking about P&L.
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Re:WallStreetBets vs WallStreet: It's not about the money an... by dcolkitt on Thursday January 28, 2021 @12:01PM (#25944885)
Trading revenue. As in “Goldman reported trading revenue of $X”
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Re:WallStreetBets vs WallStreet: It's not about the money an... by jimbob21 on Thursday January 28, 2021 @10:26AM (#25943256)
They're nearly the same thing in the hedge fund's case. Most of them take some variant of 2&20 still, so 20% of fund profits is their revenue.
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Re:WallStreetBets vs WallStreet: It's not about the money an... by FabHK on Thursday January 28, 2021 @10:35AM (#25943432)
HFT shops are not hedge funds.

They don't need much capital, and I'd say that many have no outside investors. So, their trading PnL minus cost of running the operation is the net profit.

On the other hand, the trading PnL will typically be a tiny part of their total trading volume (maybe a few bp).

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Re:WallStreetBets vs WallStreet: It's not about the money an... by hawk_ on Thursday January 28, 2021 @10:31AM (#25943357)
HFTs are not hedgefunds and generally are marketmakers.
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