The total interview with the quantitative developer, Coding Jesus: https://youtu.be/yUNtQVL-GWM
Subscribe to Coding Jesus: http://bit.ly/3qc9acU
The HFT film, The Hummingbird Venture (2019): https://amzn.to/3aX0qTw
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The Trillion Greenback Flash Crash. Greece was drowning in debt and was on the verge of defaulting on that debt, and going bankrupt. The Greek Parliament introduced massively unpopular austerity measures. The Greek Parliament authorized these nasty austerity measures in change for a $140 billion greenback bailout by the European Union and Worldwide Financial Fund.
There’s a ton of buying and selling exercise within the US inventory market. Volatility within the inventory market was so excessive that the New York Inventory Alternate needed to power buying and selling to decelerate. A inventory dealer grew sick of those excessive frequency buying and selling corporations which have grown to dominate the market over time. Navinder Sarao determined this could be the day he would go up in opposition to them head on and he began “spoofing” the market. He flooded the market with a bunch of promote orders, to set off these algorithms from the excessive frequency buying and selling corporations inflicting them to promote, their promoting would set off extra promoting from different corporations, crashing the market.
Bloomberg releases this alert. Excellent news – in case you noticed that and also you thought, hmm, I can buy some HP inventory bc it’s in all probability gonna go up. You’d be appropriate – however you’d be too late bc that is what occurred within the subsequent 4 seconds of the alert going out. The HFT algorithms do what’s known as Sentiment Evaluation. You may guess that HFT corporations are doing this proper now in locations like Wall Road Bets and Stocktwits
Let’s say you need to purchase GameStop at $10 to maintain issues easy. Nevertheless, if I’m a HFT and I need to earn money off of your order, all I’ve to do is get your order earlier than all the opposite sellers see it. I do know you’re seeking to purchase at $10, so I’m going to the opposite sellers who haven’t seen that there’s one other purchaser at $10 bc I’m sooner than you, and I purchase from them at $9.99, a less expensive value, after which come again to you and promote it for $10. Think about the earnings greater corporations are raking in.
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No Spirit – Forest Lake Stroll https://chll.to/49da79e5
No Spirit – Barely Improvised https://chll.to/6347930b
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