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Mahwah High Frequency Facility
Yet another massive Program Robot facility being built in Mahwah, NY for the high-frequency gamers. No doubt, filled with billions of dollars of supercomputers, huge boiler rooms staffed full of fast reflex teenage gamers, being supervised by 5'10" bikini-clad fembots wielding horsewhips to make sure the kids keep up with the computers.
From today's WSJ:
The NYSE started taking orders for space in the nearly
400,000-square-foot Mahwah facility, internally dubbed Project Alpha,
this month. The exchange expects to attract everyone from large Wall
Street banks to traditional brokerages and hedge funds.
Right now, the mammoth facility being constructed on the site of an old
quarry is a largely empty shell with a jumble of high-tech gear. In
about a year, the building is expected to house several football fields
of cutting-edge computing equipment for hedge funds and other firms
that engage in high-frequency trading, or the use of computers and
complex algorithms to trade at lightning speed.
The installation of such a complex is likely to be akin to Jim Fowler on "Wild Kingdom" being dropped into the savannah to inject a herd of wildebeasts with steriods and caffeine, then getting back into his helicopter to fly around and spook the herd with a General Electric locomotive air horn.
Evidence of that seen today, when the herd sold oil short yesterday, only to reverse course and go long today.
Some unbelievable moves today.
Check out GMCR, shorted on the miss last night and then run straight up off the open to make new record highs.
More assorted junkers were blasting off today, like WYNN, after that issue was upgraded by several Chop Houses.
And then there was Brunswick (BC), heatmapped up over 30%, apparently boosted by hope that millions of unemployed men will rush out and buy a power boat this summer.
Now listening to Erin "B-Cups" Burnett, Cramer, Pisani, etc. glowing about today's rally. Erin is wearing a red silk blouse today, again with buttons beckoning to be undone after the bell during the post-bell rally party.
I can imagine "Fast Money" tonight. No doubt, the yelling and shouting will approach decibel levels rivaling the Superbowl played inside the Orange Bowl with Michael Vick vs. Brett Favre.
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YES! Robot has become a contributor! Easy to find! Thanks to all!
doc
Awesome! Glad you're posting! Project Alpha is just begging to be Project Mayhem'd
You've neglected CNBC Reports and hurt its feelings...let’s take a stab at how tonight's show will play out. Dennis Kneale will play impartial moderator to a Power Lunch sized panel, just about evenly split between bulls and bears, to debate whether today's action was further proof his bullish call a few weeks ago was in fact prescient. Oh and then he'll bet Harry Dent 5000 dollars the Dow won't hit 3800 in the next 18 months. Idiots.
Mahwah is in Joisey, not New Yawk.
Bah, it's a Favre pass away from the border. Close enough.
...which is exactly where it belongs...
It is absolutely fantastic to have the RobotTrader Update everyday! Look forward, like many others I am sure, to the entertaining market summary everyday. Surely a wonderful way with words.
+1!
More than entertaining, look at how he connects the dots behind the action. That insight, maybe couched in a sarcastic tone, is definitely worth a daily read.
I like your ideas and thoughts. by chat greetigns..
Good stuff. Hope this is a regular thing, RobotT.
you rock rt!
Good on yer! RT
I guess this was only a matter of time after the "request" came in the comment section.
Keep this coming
MS
Robot, glad to read your market commentary. Great stuff and wonderful sardonic tone.
Woot - my wish for an official Robo Review feature/tonic has been granted! Excellent.
Perchance this mojo is on a roll, I'll wish for something for Squiddy.
RT check out Synaptics after hours....beats by three cents and actually is one of the few companies that actually had yoy revenue growth....so what's the reward ? They get the Black Knight treatment. Down 7 after hours.
I can't think of many plays more apt for high-frequency trading, or the use of computers and complex algorithms to trade at lightning speed. GMCR for the coffee, WYNN for the gambling, BC for the balls. Might need to buy some RICK, MO, HANS, DEO ahead of the grand opening..
All that gear in one building?
Brave security risk!
Thank you VERY much for sharing your wisdom and wonderfully unique view of the financial world, Robo. Your writings are truly a daily highlight.
BENDER is that you ?
As a contributor now, I think your avatar should be of larger scale (without loss of any detail). Good stuff Robo... high five.
Thanks for posting Robot, I always enjoyed your comments back in the zh.blog days. Please keep it up!
And Mahwah is in NJ everyone... just wanted to point that out...
Excellent move to have a RobotTrader summary everyday on the top bar...will be sure to check it out everyday, to lighten one's evening at the end of a workday!
Hey who allowed picts of my construction project--yes thats me with my hands in my pockets trying to figure strategic placement for the laser weapons intruder kill system.
Forget Erin Burnett. The only reason to watch CNBC is to watch Michele Cabrera stretch out another sweater. A couple of days back, that poor green sweater took massive abuse as she shifted and turned and its fibers groaned as they could barely hold back the rack yearning to breathe free.
Good stuff, Ms. Trader. Many Thanks.
What if they gave a party and nobody came? Such might be the fate of the Mahwah facility if the hormone-filled teenage gamers blow up the market before the cement dries. Another CRE pimple waiting to fester? Then again, GS probably has the juice, and the belief in its heaven granted monopoly, to lease the entire space.
On another note, never understood the fascination with the women on CNBC, even if they purposely buy two-sizes-too-small sweaters. If I ever found myself stranded on a desert island with any one of them, it would be the first time in my life I would need a blue pill. Just my taste perhaps, but in a world of 3.5 billion females, the so-called 'money honeys' are not even in second quartile. Now Amanda Drury, on the other hand, is worth a look, and CNN International offers Isha Sesay and Monita Rajpal....but I digress.
I have an account with Interactive Brokers that allows me to convert my dollars to Canadian dollars and then trade on the Tronto Exchange. If this bullshit keeps up a lot of other people will figure this out and move to other exchanges. This game is totally rigged and the crooks have a get out of jail card from the current administration.
Good luck and good trading
Dave
Hi, does anyone know the exact location of the to be data centre in Mahwah?
Thanks...
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