How to Get a Job in Algorithmic Trading

Re:How to Get a Job in Algorithmic Trading by PublicEnemy111 on Thursday December 18, 2014 @11:49AM (#8768172)

Would you say that, as a HFT shop, you are only competing with other HFT shops? I've heard that HFTs use nearly identical algorithms, so now its basically a competition for real estate near the exchanges.

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Re:How to Get a Job in Algorithmic Trading by kasey_junk on Thursday December 18, 2014 @12:06PM (#8768304)

Real estate near exchanges has essentially been standardized and is no longer a significant strategic advantage.

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Re:How to Get a Job in Algorithmic Trading by busterarm on Thursday December 18, 2014 @11:58AM (#8768234)

HFT shops compete for real estate and hiring (especially this and fiercely - non-complete clauses and lawsuits are standard) with each other but in terms of their trading competition it varies widely based on what algos they use.

An algo is basically just a trading strategy (sure, there's a basic set of these) but speed of data collection/processing and execution gives you more options. You can design an algo to hunt other HFTs or not. You can also trade against HFTs if you're not.

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