Quote:
Originally Posted by mrbaseball
What are you going to be trading? Market making is pretty much dominatated by algos these days. Options still have a lot of human market makers though. This is due to the nature of options and the fact that a lot of the big players want to do more complex style spreads which are still priced better by humans than computers. Something like a futures contract or a stock have much more efficient markets made via computer these days.
I'll be trading options. It will be mostly automated as far as I can tell, but quite a lot of room for human (me) input. Pretty much just making adjustments to the proposed true value the algo suggests etc
All electronic, vanilla options, I don't think I will be trading in complex stuff
Thanks again for your answers
Also, in regards to legality, do you think Optiver was doing something illegal here?
http://www.huffingtonpost.com/2012/0...n_1439259.html
cliffs:
They developed an algo to, I think, drive prices in oil futures up or down in the seconds before close, then exit their positions for a profit. "Banging the close".
They decided to just settle, admitting no guilt, for 14 million
Last edited by Clue; 06-10-2012 at 11:38 PM.