Remembering Bell Labs as legendary idea factory prepares to leave N.J. home

Re:Remembering Bell Labs as legendary idea factory prepares ... by chicagoengineer on Sunday January 21, 2024 @10:59AM (#39079582)

I work at a very successful HFT. It’s a special place, but we’re not advancing the state of the art in fundamental science like the Bell Labs/Microsoft Researches of the world.

[ Parent | on HN ]

Re:Remembering Bell Labs as legendary idea factory prepares ... by mnky9800n on Sunday January 21, 2024 @11:03AM (#39079626)

What are you advancing?

[ Parent | on HN ]

Re:Remembering Bell Labs as legendary idea factory prepares ... by oh_sigh on Sunday January 21, 2024 @12:30PM (#39080495)

The number of digits in their bank account.

[ Parent | on HN ]

Re:Remembering Bell Labs as legendary idea factory prepares ... by user_7832 on Sunday January 21, 2024 @11:01AM (#39079602)

Sorry, what's HFT?

[ Parent | on HN ]

Re:Remembering Bell Labs as legendary idea factory prepares ... by Nullabillity on Sunday January 21, 2024 @11:07AM (#39079690)

High-frequency trading, I'd assume. Exploiting the stock market for profit.

[ Parent | on HN ]

Re:Remembering Bell Labs as legendary idea factory prepares ... by lotsofpulp on Sunday January 21, 2024 @11:44AM (#39080057)

Or providing liquidity to reduce transaction costs for everyone.

[ Parent | on HN ]

Re:Remembering Bell Labs as legendary idea factory prepares ... by FirmwareBurner on Sunday January 21, 2024 @12:37PM (#39080575)

How high are the costs and how much can you reduce them before you reach diminishing returns? Will it reach zero?

[ Parent | on HN ]

Re:Remembering Bell Labs as legendary idea factory prepares ... by lotsofpulp on Sunday January 21, 2024 @12:55PM (#39080776)

It is pretty close to zero. Has anyone thought about how much a trade of a broadly traded security will cost them in recent times, or ever thought it would not happen near instantly?

[ Parent | on HN ]

Re:Remembering Bell Labs as legendary idea factory prepares ... by esafak on Sunday January 21, 2024 @02:55PM (#39082343)

How frequently do you think most people make such transactions?

[ Parent | on HN ]

Re:Remembering Bell Labs as legendary idea factory prepares ... by lotsofpulp on Sunday January 21, 2024 @06:31PM (#39084157)

I don’t know about individuals, but there are quite a few people exposed to transactions costs via 401k/IRA/taxpayer funded pensions/etc.

[ Parent | on HN ]

Re:Remembering Bell Labs as legendary idea factory prepares ... by vineyardmike on Sunday January 21, 2024 @07:30PM (#39084600)

I haven't incurred a trade in a 401k in a decade. Sub-milli liquidity is absolutely unnecessary for me.

[ Parent | on HN ]

Re:Remembering Bell Labs as legendary idea factory prepares ... by cpitman on Monday January 22, 2024 @08:44AM (#39089431)

Even making deposits into the account incurs transactions. Sure, speed doesn't matter here, but overhead does.

[ Parent | on HN ]

Re:Remembering Bell Labs as legendary idea factory prepares ... by psychlops on Sunday January 21, 2024 @01:01PM (#39080848)

A huge black hole of mental energy spent slicing pennies and seconds, creating nothing.

[ Parent | on HN ]

Re:Remembering Bell Labs as legendary idea factory prepares ... by wills_forward on Sunday January 21, 2024 @01:57PM (#39081587)

Citadel or Jump?

[ Parent | on HN ]