Re:How to Get a Job in Algorithmic Trading
by lmm on Thursday December 18, 2014 @12:26PM
(#8768447)
> So where are the alternative valuations?
You can call up a bunch of buyers directly if you want. You might even get a better price for your efforts.
> Where are the alternative business models that don't emphasise stock ownership and stock value?
Nonprofits exist. So do corporations with particular requirements in their charter. What exactly are you after?
> Where is free public access to the freshest financial data and hyper-speed trading platforms?
If you want a consolidated feed at the standard 5s latency you can get it on standard terms at a reasonably proportionate price. If you want dedicated fast feeds there are companies who sell them. No-one's giving it away for free and why would they?
> You regularly see this argument from opponents of DRM who are justifying the copying of artistic work. Why do they never apply it to finance?
Because everyone knows the value of money or stock is in its artificial scarcity, whereas the value of art is supposed to be actual value.
Huh? That's saying that stock prices fall because the companies the stocks were of - ordinary, non-finance companies - had been price-fixing (and can no longer expect to profit from that now that they've been indicted).
You can call up a bunch of buyers directly if you want. You might even get a better price for your efforts.
> Where are the alternative business models that don't emphasise stock ownership and stock value?
Nonprofits exist. So do corporations with particular requirements in their charter. What exactly are you after?
> Where is free public access to the freshest financial data and hyper-speed trading platforms?
If you want a consolidated feed at the standard 5s latency you can get it on standard terms at a reasonably proportionate price. If you want dedicated fast feeds there are companies who sell them. No-one's giving it away for free and why would they?
> You regularly see this argument from opponents of DRM who are justifying the copying of artistic work. Why do they never apply it to finance?
Because everyone knows the value of money or stock is in its artificial scarcity, whereas the value of art is supposed to be actual value.
> http://en.wikipedia.org/wiki/Forex_scandal
Forex is a jungle, in part because there aren't public markets and exchanges the way there are for stocks.
> https://ideas.repec.org/a/tpr/restat/v73y1991i2p309-17.html
Huh? That's saying that stock prices fall because the companies the stocks were of - ordinary, non-finance companies - had been price-fixing (and can no longer expect to profit from that now that they've been indicted).