How Do I Prove To A Quant Employer That I Created An Algorithm That?

How Do I Prove To A Quant Employer That I Created An Algorithm That?

I’m going to split “algorithmic trading” into two distinct categories. HFT and “other algos.” HFT is simply market front-running, that is, attempting to make money by virtue of the fact that their bare-metal servers are sitting literally within feet of the market servers and therefore getting market information many milliseconds ahead of literally, “everyone else” - except for other HFT servers. A millisecond is one-one-thousandth of a second, and these servers are processing thousands of times faster than that. According to at least one Youtube video, their rate of profitability is about 58%, or only slightly more than simply guessing. Enough, apparently, to be quite profitable. Then there’s the “other” type of algo processing that parses news stories, calculates arbitrage between like companies within an industry, and lord knows that else. Are t profitable? Some, obviously, are, or no one would bother to put them up in the first place. is that illegal? No. T are using the same data available to everyone else even thought that data might cost them plenty, but, it is still public data. There is no law against that, nor should there be. The playing field is about as level as it can be. The SEC is always watching for cheating, but utilizing public data faster or more creatively than “someone else,” perhaps you? No. T have more important things to do. Think of it like this. would you be in favor of a law that handicapped people with an IQ over 125 making them put delays in their data line solely for the purpose of “making them as slow as someone with an IQ of 115?” Probably not. Life is inherently not fair. You either adapt to that reality or you spend your life worrying about people smarter than you, more beautiful than you, richer than you, more educated than you, and so on. Seriously? Find your own niche; exploit that.