Money and Finance
- The Antifragile Organization: Embracing Failure To Improve Resilience And Maximize Availability
Found via @nntaleb. Failure is inevitable. Disks fail. Software bugs lie dormant waiting for just the right conditions to bite. People make mistakes. Data centers are built on farms of unreliable commodity hardware. If you’re running in a cloud environment,...
- Chris Martenson Interviews Eric Hunsader
Discussing High Frequency Trading. Link ...
- Volatility, Thy Name Is E.t.f. - By Andrew Ross Sorkin
Did you watch the markets on Monday? In the last 18 minutes of trading, the Standard & Poor’s 500-stock index jumped more than 10 points with no news to account for the rally. If you were left scratching your head, you were not alone. Almost every...
- To Sleep Well At Night Buy Businesses Not Sardines
The wild gyrations in markets brought to mind a mindless species - sardines. Specifically, the story that Seth Klarman shared: “There is an old story about the market craze in sardine trading when the sardines disappeared from their traditional waters...
- Hft Drama Versus Dramatically Lower Costs
Michael Lewis launched his HFT book, did Sixty Minutes on Sunday, and here we are on Wednesday and HFT is still dominating the news cycle. Whatever you think of HFT, Lewis has already won. In our ADHD society, that we are still talking about his book...
Money and Finance
How the Robots Lost: High-Frequency Trading's Rise and Fall
Thanks to Remmelt for passing this along.
For the first time since its inception, high-frequency trading, the bogey machine of the markets, is in retreat. According to estimates from Rosenblatt Securities, as much as two-thirds of all stock trades in the U.S. from 2008 to 2011 were executed by high-frequency firms; today it’s about half. In 2009, high-frequency traders moved about 3.25 billion shares a day. In 2012, it was 1.6 billion a day. Speed traders aren’t just trading fewer shares, they’re making less money on each trade. Average profits have fallen from about a tenth of a penny per share to a twentieth of a penny.
- The Antifragile Organization: Embracing Failure To Improve Resilience And Maximize Availability
Found via @nntaleb. Failure is inevitable. Disks fail. Software bugs lie dormant waiting for just the right conditions to bite. People make mistakes. Data centers are built on farms of unreliable commodity hardware. If you’re running in a cloud environment,...
- Chris Martenson Interviews Eric Hunsader
Discussing High Frequency Trading. Link ...
- Volatility, Thy Name Is E.t.f. - By Andrew Ross Sorkin
Did you watch the markets on Monday? In the last 18 minutes of trading, the Standard & Poor’s 500-stock index jumped more than 10 points with no news to account for the rally. If you were left scratching your head, you were not alone. Almost every...
- To Sleep Well At Night Buy Businesses Not Sardines
The wild gyrations in markets brought to mind a mindless species - sardines. Specifically, the story that Seth Klarman shared: “There is an old story about the market craze in sardine trading when the sardines disappeared from their traditional waters...
- Hft Drama Versus Dramatically Lower Costs
Michael Lewis launched his HFT book, did Sixty Minutes on Sunday, and here we are on Wednesday and HFT is still dominating the news cycle. Whatever you think of HFT, Lewis has already won. In our ADHD society, that we are still talking about his book...