Rate this high frequency trading firm
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Poast new message in this thread
Date: October 15th, 2014 1:00 AM Author: Stirring snowy mother cuck
http://www.tradebotsystems.com/
I know a jackoff that ended up working here. Not too smart. Civil engineering undergrad. Burned out on a management job. You think he makes bucks now? If he makes more than my 210k I'll be pissed.
(http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518859) |
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Date: October 15th, 2014 1:46 AM Author: Stirring snowy mother cuck
Fuck, dude. You think every trader necessarily makes a million? That seems absurd.
He has a civil engineering degree from a TTTT, he washed out of managing construction sites, and now he's making a million in KCMO, working for a firm that has a geocities page for a website?
If so, why doesn't every single person on this website apply and go make a million in KC? Every single person on this website has a better finance pedigree than this bro.
TBF, my 210 is salary, I get the same shit biglaw bonus the rest of you get (excluding WLRK mother fuckers).
(http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519113) |
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Date: October 15th, 2014 1:35 PM Author: painfully honest carnelian newt
(Legit retard)
Citadel is a hedge fund that needs investors and even their trading business needs to attract clients. TradeBot has neither. Their website just needs to be good enough to get Big10 STEM bros to think it's a cool place to work.
Who exactly do you think the site is trying to fool?
(http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26521482) |
Date: October 15th, 2014 1:04 AM Author: clear well-lubricated parlour coffee pot
Whoever wrote the copy for the website (undoubtedly CEO David Cummings), is a gigantic faggot.
"In 2005, Tradebot spun-off BATS Global Markets, which became the 3rd largest stock market in the United States. We believe competition between exchanges and darkpools is good. Algorithmic trading has tightened bid-offer spreads, which saves public investors billions of dollars per year.
We do not have customers. We do not give investment advice. We do not sell or rent our trading models."
(http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518873) |
Date: October 15th, 2014 1:06 AM Author: clear well-lubricated parlour coffee pot
lol wut
"Tradebot uses computer algorithms to provide liquidity to the stock market. Dave started Tradebot in 1999 out of a spare bedroom with a $10,000 investment. Some days Tradebot accounts for 5% of the total U.S. stock market volume."
(http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518888) |
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Date: October 15th, 2014 1:41 PM Author: painfully honest carnelian newt
> ORDER QUEUE POSITION IS ALL THAT MATTERS
How does this work? Like every time the price moves these guys try to be the first to buy/sell at the new price? I could see that being good if others come in with you and the price stays there long enough for you to make a penny, but what if nobody does or the price goes back to where it was?
I guess you would at least make the rebates? Seems like you'd lose as often as you'd make unless you're able to predict which way it'll go somehow.
(http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26521525) |
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Date: October 15th, 2014 11:08 AM Author: puce skinny woman
(legit retard)
(1) Sunday is a nonsensical example. Zero trades out of zero trades is not >5%. It's no percent. http://en.wikipedia.org/wiki/Division_by_zero
(2) The HFT industry has been shown to provide market liquidity. As a participant in the industry, he's contributing to that effect. The mere fact that they are making trades and making money is evidence enough that his orders are "filled quicker than the competition's" on at least some occasions. That's all he needs to show.
(http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26520550) |
Date: October 15th, 2014 1:09 AM Author: Stirring snowy mother cuck
This page has some gold:
Interested candidates
Should email a resume work@tradebot.com.
Include ACT or SAT score.
Principals only. No recruiters please.
(http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518905) |
Date: October 15th, 2014 1:09 AM Author: Stirring snowy mother cuck
All positions
Are located in Kansas City, Missouri - an awesome place to live & work.
Require a 4 year college degree, preferably from a major state university.
Include great compensation & benefits.
Participate in a year-end discretionary bonus plan (this is where the big money is made).
Are full-time with 7:30 to 3:30 as core working hours.
Include free lunch catered daily.
(http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26518908) |
Date: October 15th, 2014 1:27 AM Author: clear well-lubricated parlour coffee pot
lol, he did create BATS. Sounds like something weird happened though.
-----
The company was founded by David Cummings, a computer programmer. Cummings said he was inspired to start the company after observing Archipelago Holdings be acquired by the New York Stock Exchange and Instinet Group be acquired by NASDAQ within a week of each other in 2005. After the launch of BATS, other brokerage firms, hedge funds and other clients became involved with the company. Cummings publicized the BATS service by sending emails to companies highlighting the niche that could be carved out by trading on platforms other than the big two—NASDAQ and NYSE.[17] The niche that he sought for the company was for it to be a "a neutral, private, broker-dealer owned, semi-profitable utility" with no party owning more than 20 percent.[18] He noted that the consolidation of the New York Stock Exchange and NASDAQ eliminated competition and they raised prices for their services. The BATS system was intended to charge less.[19] Among the items it did to draw customers was to offer free listings to companies with shares that traded a certain amount each day.[20]
Cummings stepped down in 2007 and was replaced by Joe Ratterman who had been associated with the company from the start. Cummings said in his resignation, "As BATS prepares to become an exchange, my ownership of a broker-dealer precludes me from serving in management". Cummings returned to his position as CEO at Tradebot.[18][21] Under the leadership of Joe Ratterman, in March 2008, BATS entered the European equities markets by establishing a multilateral trading facility (MTF) to compete on a pan-European basis against the incumbent securities exchanges. BATS Europe was formally launched in October 2008.[8]
http://en.wikipedia.org/wiki/BATS_Global_Markets#History
(http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519027) |
Date: October 15th, 2014 1:30 AM Author: clear well-lubricated parlour coffee pot
Tradebot Systems, Inc. is one of the largest high-frequency, computer trading firms in the US. Based in Kansas City, Missouri, they regularly account for 5% of the total trading volume in the US stock market.[1] According to the founder, Dave Cummings, as of 2008, the firm "typically held stocks for 11 seconds", and "had not had a losing day in 4 years".[2] The firm also trades Canadian equities but is not known to trade any other asset classes.
The firm was founded in 1999 and had an early relationship with fellow high frequency trading shop Getco. In 2005 Cummings left Tradebot to start a new electronic market, which he called the Better Alternative Trading System. That market eventually became the BATS stock exchange. In 2007 Cummings left BATS to return to Tradebot.[3] The firm is affiliated with Tradebot Ventures, Tradebot Properties, Tatora and Auxby.[4]
In the summer of 2014, New York attorney general Eric Schneiderman accused Barclays of hiding the fact that Tradebot was one of the largest participants in their dark pool. Tradebot was not accused of any wrongdoing.
http://en.wikipedia.org/wiki/Tradebot
(http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519050) |
Date: October 15th, 2014 1:55 AM Author: startling gold mexican resort
their website sucks because they literally don't give a shit and don't need to. they trade their OWN money and have no outside investors to impress.
if they're accounting for 5-10% of all trade volume in the US per day, do you know how much free money these guys are printing? basically skimming a fraction of a cent on a tenth of every trade in the god damn country, lol holy shit.
(http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519146) |
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Date: October 15th, 2014 2:19 AM Author: Self-absorbed Nibblets
please re-read this sub-thread. TYIA you fucking retard. It went like this:
Bro #1 says "they have a shit website b/c they're making so much money!!1!"
I say "ya, but then why have a website at all; also how do you know that these guys are making so much money, and if they're making money and spending time with their wikipedia marketing campaign, why not splurge and get a not-shit website"
You say "you're dumb. everyone has websites!"
Because my post deals with 2 things, and you respond by saying I'm dumb, I say "so, umm, remember thing 2 with the being rich, was your dumbfuck response acknowledging that? Thanks for pointing out that businesses have websites, though"
(http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26519209)
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Date: October 15th, 2014 1:15 PM Author: painfully honest carnelian newt
Yeah it would be like trying to replicate Google if you worked on search signals there.
They are supposed to be super fast so even if you knew how the trades work, you'd have to build some really good scalable technology to make money with them. That is probably their big (only?) edge. Their LinkedIn is full of State U STEM bros who can build shit like that and a smattering of Midwest finance doods/former HS math teachers. It's probably slim pickins in Kansas City if you wanted to get PhD quants and shit.
This guy's bro could easily make more than 210k at a job that's more fun than lawyering but probably not a mil unless he's a superstar.
Seems like they were one of the first real HFT firms so the owner is probably rich especially since he made BATS which is pretty big now: http://www.bizjournals.com/kansascity/stories/2005/01/17/smallb1.html?page=all
I think I read somewhere that Getco's original trading system was made by these guys too.
(http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26521343) |
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Date: October 15th, 2014 1:09 PM Author: puce skinny woman
(guy who doesn't remember Goldman Sachs fucking over some huge clients in the months leading up to the financial crisis)
(guy who doesn't understand the opacity inherent in a bank-run dark pool)
(guy who puts way too much stock in a single statistic listed on a company's self-promoting website with no citation or context provided)
(http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26521304) |
Date: October 15th, 2014 1:25 PM Author: painfully honest carnelian newt
Bro has his own private microwave network: http://www.tatora.com/
"We're faster than you."
Gotta love dat hubris.
(http://www.autoadmit.com/thread.php?thread_id=2700114&forum_id=2#26521411) |
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