Recent content by jmreeve

Much harder than it sounds as these media pieces never tell you about all the red tape and costs involved in running a HF. All the nasty FSA regs to go through and you will need to raise $50mill to have a viable business that can cover it's costs. The use of massive leverage is also a media...

You might find the audio interviews on this website informative. They will give you an idea of the amount of money being moved about. http://www.advancedtrading.com/goldbook2006/ As an example, a long short hedge fund with 10bn needing to hedge 10% of its portfolio principal value in ES...

BIS offer a satellite feed. I am not sure they are in much better financial shape than Tenfore but I think the feed is a little cheaper. Comstock also offer a satellite feed. It is quite expensive but you can be certain they wont go bust as they feed all of Interactive Data. Both of these...

Use a trading platform that supports algorithmic trading and choose a suitable algo for the conditions you are trading. If you have a firm benchmark at the start of the trade then some sort of implementation shortfall algo might be suitable. You could also look at trading facilities such as ITG...

How do you define slippage? What is your order size?

You could take a look at this company. http://www.gt247.co.uk/ They use a professional trading platform and can support semi-pro traders.

Normally you correlate the returns. log(price/price[1])

Do the FSA know you are offering managed money accounts to UK investors like this? Will pass on your details in due course.

Not for the system vendor.

Out of curiosity, what did they teach you at uni that was helpful for prop trading in a firm? I can't imagine what would be of practical use in most academic courses. A lot of trading in banks is just agency work and not that much fun.

I think the bad Yahoo data must cause a lot of people to lose money. Best to test on accurate futures data to see if something really works.

Am interested in looking into trading iTraxx, iBoxx index CDS but not single names. However, would need electronic trading via FIX or API and not sure if this is readily available yet. Currently taking at look around at CFD providers to see what market coverage is available so would be...

Sounds interesting. Who are you using for CDS? Are you using CFDs for the equities trading?

Lots and lots of new arb ops being created by NYMEX/ICE/CME/CBOT e.t.c Great for traders that can exploit these. More to come when NYBOT finally goes electronic. Will be watching the new contracts with interest to see how they develop.

How did you get on with this? Was the opentick feed any good or did you stick with esignal?