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The Obama Recovery Has Finally Succeeded... If You Are A High Frequency Trader

Tyler Durden's picture




 

A headhunter firm is either helping GETCO build the 21st century equivalent to the atom bomb, clustering every single HFT trader under one roof for the most destructive group of momo lemmings ever assembled, or the Obama recovery is truly working... for those who know nothing but how to frontrun what remaining traders are left.

From a job search posting on LinkedIn:

We are looking for people with the follow [sic]:

New York:
*High Frequency Trader (FX) - Bank
*High Frequency Trader (ETF) - Bank
*High Frequency Trader (FX) – Hedge Fund
*High Frequency Trader (FX) – Prop Trading Firm
*High frequency trader (Cash Equities) - Bank
*High Frequency Trader (Futures) - Bank
*High Frequency Trader (Futures) – Hedge Fund
*Mid Frequency (Stat-Arb) - Bank
*High Frequency Developer (C++/Unix/KDB)
*High Frequency Developer (C++/Unix/KDB) – Hedge Fund
*Senior CTA Quant Trader - Bank
*Quant Analyst – AMM (Credit) Hedge-Fund
*Quant Researcher – Stat Arb Hedge-fund

Connecticut:

*Head of CTA Research – Hedge-Fund
*PhD Macro Quant Researchers - Hedge fund
*Quant Researcher – FX Trade Strategy / TCA – Boston

Chicago
*High Frequency Developer (C++ &C#) Prop Firm
*High frequency trader (Cash Equities) Prop Firm
*High frequency trader (Energy Trader) Prop Firm
*FPGA Engineer Prop Firm High frequency trader - Prop Firm
*High Frequency Trader (CME Eurodollars, CME 5 yr/10 yr/30 yr Treasury Notes and Bond, Currency) Prop Firm
*Quant Analyst (High Frequency Rates) – Prop Firm
*Quant Analyst (Rates / Micro-structure analyst) – Prop Firm

Hong Kong:
*Mid Frequency – Stat-Arb Asian Equity Trader – Hedge fund
*Mid Frequency – Stat-Arb FX/Futures – Hedge fund

London:
*High Frequency Trader (FX)
*High Frequency Trader (Futures)
*Head of High Frequency Volatility Trading Europe
*Quant Researcher – High Frequency Group – (Oxford)
*Quant Researcher – High Frequency Group – (Cambridge)
*Quant Analyst – AMM (Credit)
*High Frequency Developer (C++/Unix) – Oxford
*High Frequency Developer (Java)
*Junior Quant Analyst (PhD)
*Global Macro / Economics Quant Strategy
*Bayesian Statistics - Quant – Hedge-fund

Europe:
*Quant Researcher (Stat-Arb) – Austria
*Quant Researcher (Stat-Arb) – Cyprus
*Quant Researcher (CTA) – Austria
*Quant Researcher (CTA) – Cyprus
*High Frequency Trader (Futures) - Switzerland
*High Frequency Trader (FX) - Switzerland

We will not provide the link to the original post. If our HFT readers are actually looking for a job, they are doing something very wrong. Such as being ethical.

H/T DEW

 

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Thu, 10/21/2010 - 14:20 | 667612 rmsnickers
rmsnickers's picture

Such as being ethical, lol. 

Thu, 10/21/2010 - 14:40 | 667698 hedgeless_horseman
hedgeless_horseman's picture

We will not provide the link to the original post. If our HFT readers are actually looking for a job, they are doing something very wrong. Such as being ethical.

Ethics...shmethics:  http://cn.linkedin.com/in/chinahand

Thu, 10/21/2010 - 14:24 | 667641 101 years and c...
101 years and counting's picture

"Former Wal Mart greeters, hair stylists, robo signers are welcome to apply"

Thu, 10/21/2010 - 14:25 | 667642 NOTW777
NOTW777's picture

LOL - obama economy; burn down the us and blame Bush for everything

Thu, 10/21/2010 - 14:38 | 667694 Alcoholic Nativ...
Alcoholic Native American's picture

but but but but the Internet troll business is booming!

Thu, 10/21/2010 - 21:45 | 668750 gramps
gramps's picture

Please go away. You are not wanted here anymore.

Thu, 10/21/2010 - 14:31 | 667647 idea_hamster
idea_hamster's picture

He is drawing all evil to him, my precious.

But seriously folks, where are all the Oslo-based positions?

Thu, 10/21/2010 - 14:29 | 667656 TradingJoe
TradingJoe's picture

Hehehe, everyone seems to believe this HFT crap is going to last for ever and they are really thinking to expand! My oh My! 

Thu, 10/21/2010 - 14:29 | 667657 Dagny Taggart
Dagny Taggart's picture

Maybe they can give Waddell & Reed jobs?

Thu, 10/21/2010 - 14:57 | 667777 williambanzai7
williambanzai7's picture

Shhhhh, don't say the W word. You might cause a Flash event.

Thu, 10/21/2010 - 14:32 | 667669 Caviar Emptor
Caviar Emptor's picture

My bot is better than your bot

Thu, 10/21/2010 - 14:34 | 667677 prophet
prophet's picture

The recovery is scheduled to start after the election.  The scheduled pause in ARRA disbursements ends soon.  The new team will be effective, unlike the legacy team that got carried in as baggage.  Choking on hope, its a joke.

Thu, 10/21/2010 - 14:41 | 667695 williambanzai7
williambanzai7's picture

Thu, 10/21/2010 - 14:48 | 667740 Cruel Aid
Cruel Aid's picture

Rapid access file:RAF/Camden, NJ

Good stuff!

 

Thu, 10/21/2010 - 14:40 | 667701 Alcoholic Nativ...
Alcoholic Native American's picture

I set my macro on "Auto profit"

Thu, 10/21/2010 - 14:42 | 667709 His Dudeness
His Dudeness's picture

 


The first 100 high-frequency words in order


1. the

2. and

3. a

4. to

5. said

6. in

7. he

8. I

9. of

10. it

11. was

12. you

13. they

14. on

15. she

16. is

17. for

18. at

19. his

20. but

21. that

22. with

23. all

24. we

25. can

26. are

27. up

28. had

29. my

30. her

31. what

32. there

33. out

34. this

35. have

36. went

37. be

38. like

39. some

40. so

41. not

42. then

43. were

44. go

45. little

46. as

47. no

48. mum

49. one

50. them

51. do

52. me

53. down

54. dad

55. big

56. when

57. it’s

58. see

59. looked

60. very

61. look

62. don’t

63. come

64. will

65. into

66. back

67. from

68. children

69. him

70. Mr

71. get

72. just

73. now

74. came

75. oh

76. about

77. got

78. their

79. people

80. your

81. put

82. could

83. house

84. old

85. too

86. by

87. day

88. made

89. time

90. I’m

91. if

92. help

93. Mrs

94. called

95. here

96. off

97. asked

98. saw

99. make

100. an

 

Thu, 10/21/2010 - 14:46 | 667724 Duuude
Duuude's picture

 

 

++++

Thu, 10/21/2010 - 15:25 | 667865 aldousd
aldousd's picture

Are you interviewing for the job?

Thu, 10/21/2010 - 14:44 | 667713 LoneStarHog
LoneStarHog's picture

Shouldn't that read:  We Are Looking For Computers? What do carbon-based lifeforms have to do with anything?

Thu, 10/21/2010 - 21:17 | 668704 StychoKiller
StychoKiller's picture

At the turn of the 20th Century "Computer" was actually a job title for carbon-based lifeforms -- slide rules are still company property though.

Thu, 10/21/2010 - 14:45 | 667719 Leo Kolivakis
Leo Kolivakis's picture

A smart pension fund manager put it succintly: ''Best way to beat HFT is to take a longer-term view on asset moves''.

Thu, 10/21/2010 - 17:38 | 668274 homersimpson
homersimpson's picture

Load of crap. That's not a smart pension fund manager. That's just a pension fund manager that wants to manage more of your money (aka typical Fidelity-speak). The best way to beat HFT is to have the SEC enforce the damn rules and make it a level playing field for retail and institutional investors. If others are allowed to cheat constantly in the short term, it sure doesn't mean things will be better for those who play fairly in the long term.

Thu, 10/21/2010 - 19:34 | 668520 Kat
Kat's picture

It'll never happen.  Ever hear of regulatory capture?

Screwam all you want.  The SEC cares nothing for you.  Why should it?

Thu, 10/21/2010 - 14:49 | 667746 mule65
mule65's picture

// 2009-04-14 -- See Bernanke "MSM Slant" email
CString MarketWatch::GetHeadline() const
{
    return csprintf("U.S. Stocks %s", GetDXY() > GetDXY(-24)
        ? "Take a Breather"
        : "Climb on Investor Enthusiasm");
}

Thu, 10/21/2010 - 14:50 | 667751 TheMonetaryRed
TheMonetaryRed's picture

What's the matter, guys?

Don't you have the money and smarts to run a colocated server in Chicago, New York or London?

You're not all suggesting that capitalism is unfair, are you?

LOL

 

Gold to a highly-correlated, HFT-boosted $1700 (You buy that gold. That'll show 'em).

Thu, 10/21/2010 - 14:51 | 667754 MrTrader
MrTrader's picture

Fed's Bullard favors buying $100 billion in assets after November FOMC meeting. Says Fed is 'not here to ratify what the markets think.'

LOL !

Thu, 10/21/2010 - 14:54 | 667761 bullet
bullet's picture

a smart pension fund manager?

that does not compute...

Thu, 10/21/2010 - 15:19 | 667803 Astute Investor
Astute Investor's picture

was smart pension fund manager a not so subtle euphemism for Leo?

Thu, 10/21/2010 - 14:56 | 667766 99er
99er's picture

Chart: ES and ZB

Heckuva job, Ben.

http://99ercharts.blogspot.com/2010/10/es-zb.html

Thu, 10/21/2010 - 16:11 | 667995 Goldmund
Goldmund's picture

*FPGA Engineer Prop Firm High frequency trader - Prop Firm

 

They're designing their own hardware also it seems.

Thu, 10/21/2010 - 18:09 | 668345 Traveler-2
Traveler-2's picture

Why is everyone so concerned with the US stock market??  This is now a banana republic, a large one, granted, but s----t going in the wrong direction.

I have just read a superb article in 321gold by Neeraj Chaudhary.  It details the current gdp of many nations, most of whom are currently well above 2.5% growth per year. 

Why are we angsting about the old USA?  There are many dollars to be made investing in and with foreign countries:  the old is gone, the new beckons.  Lately, I have found many superb canadian companies, available on the pink sheets, with fantastic potentials in emerging economies.

I have been depressed since early 2008.  For the first time in two years, Chaudhary's article and my discoveries have invigorated me. 

The US is a lost cause.  Why are we dwelling on this; who cares?  The whole world is out there with millions of opportunities.  Go forth, seek.

 

 

 

Thu, 10/21/2010 - 19:10 | 668473 nmewn
nmewn's picture

We (I'll assume your not American) don't sweat the small stuff as much as you think.

I would wager if the current corporate tax rate (which get's passed on to the consumer via higher prices by the way) was cut from 35% to 5% along with a tax amnesty for American companies to repatriate their funds things would change a bit.

Of these wonderful "pink sheet" companies you have found, did you factor in their tax efficiencies for a US taxpayer to whom you are promoting them?

I'm going out on a limb here and saying no...LOL.

And no list of pinkies to peruse?

But I do congratulate you on not having one exclamation point in your post or not using all caps ;-)

Thu, 10/21/2010 - 20:14 | 668613 Traveler-2
Traveler-2's picture

Well, dude, you have lost me.  I buy my stocks, I hold my stocks, I sell my stocks, I pay my taxes.  I have never seen any difference between my US stocks and the Canadian stocks when I sold.  Capital gains is the same on all.

If you want to hold on and wait for this corrupt country to get it all straightened out (Never, hello....) then fine.  I just suggest a way to move on, make money and have fun growing with emerging markets.

Fri, 10/22/2010 - 06:14 | 669230 nmewn
nmewn's picture

Canada is an emerging market?...well that is exciting news...LOL.

Fri, 10/22/2010 - 01:53 | 669128 twittering as s...
twittering as stocktradr's picture

wall street. the u.s. markets.

if you cannot make money from wall street, what makes you think you can make money in foreign markets.

despite the fed, gs, rigged markets, market makers, tv financial touts, all the other excuses, ...

my trading buddy hi.five.oh.

a retail trader trading from a bedroom trading room started in 1993 with $50,000 went up to $6,000,000, down to $600,000, up to $10,000,000, now at $5,000,000.

the excuses are there are NO EXCUSES.

a trader trading a complete trading plan continuously makes more money than one loses.

a trader trades against oneself.

twittering as stocktradr

Fri, 10/29/2010 - 22:30 | 687457 Lao Tzu
Lao Tzu's picture

And I notice none of them are hiring junior quants ... sigh ...

Sat, 11/13/2010 - 07:58 | 724446 mark456
mark456's picture

Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic.
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