This HFT Firm Is Hiring "Traders"

Tyler Durden's picture


Quantlab Financial, a member of the proud Modern Markets Initiative comprising exclusively of HFT firms and which has bought up massive amounts of Google advertising so it appears above Michael Lewis' Flash Boys in direct google queries... 


... is hiring "traders."


Bonus #1: the "traders" of HFT firm Hudson River Trading, another member of the Modern Market Initiative, are enjoying lunch:


Bonus #2: Everyone knows that HFT firm Virtu, which was forced to delay its IPO over the backlash due to "Flash Boys", had 1237 profitable trading days out of 1238. But what about other HFT firms? Here is an interview with Mark Forton, head of another firm of the Modern Market Initative, Tower Research, in which he is asked:

Q. Has Tower ever had a down year?

A. No.

Yes indeed: HFT is truly the holy grail of "non-rigged" markets trading.

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Thu, 04/03/2014 - 18:00 | 4622848 The Alarmist
The Alarmist's picture

Too late ... jobs were filled just milliseconds after posting by Goldman Sachs applicants who lost out.

Thu, 04/03/2014 - 18:09 | 4622887 Stackers
Stackers's picture

Google: Ed Bosarge yacht
Co founder Quatlab and check out his sail boat

Thu, 04/03/2014 - 18:15 | 4622931 Firing Pin
Firing Pin's picture

No matter how much money these guys have or make, they lack one thing: a good reputation...and all of the money in the world can't buy that. 

Thu, 04/03/2014 - 18:19 | 4622945 fonestar
fonestar's picture

It's nice to see some firms are still hiring real men in America.  The kind that wait 15 minutes in line for a tripple soy macchiato on their way to work, know exactly how their office chair is adjusted and argue ceaslessly amongst coworkers about next generation vs. original series Star Trek.

Thu, 04/03/2014 - 18:24 | 4622966 McMolotov
McMolotov's picture

Counselor Troi was hotter than Lt. Uhura, but the Orion slave girls were hotter than both.

Thu, 04/03/2014 - 20:35 | 4623421 lordylord
lordylord's picture

Selling out your fellow man.  Nice job assholes. Women, please stop fucking these men.

Fri, 04/04/2014 - 00:39 | 4623923 Say What Again
Say What Again's picture

Yes, I noticed the interesting result-set from Google the other day;

What this means, is that Google is just a prostitute, "rigging" what we see when we search.

Is there a decent search engine that does NOT get influenced by paid advertising?

Fri, 04/04/2014 - 01:26 | 4623967 o2sd
o2sd's picture

Duck duck go.


Fri, 04/04/2014 - 04:26 | 4624095 zhandax
zhandax's picture

"Is there a decent search engine that does NOT get influenced by paid advertising?"


Thu, 04/03/2014 - 22:09 | 4623672 mickeyman
mickeyman's picture

I sense hostility, Captain.

Thu, 04/03/2014 - 18:23 | 4622961 asierguti
asierguti's picture

They lack experience too.


Paul Wilmott describes it very very well.


You can fast forward to 10:50. Enjoy!!!

Thu, 04/03/2014 - 18:53 | 4623062 hot sauce technician
hot sauce technician's picture

True that. Like my man King Solomon said: "A reputable name is worth more than the finest of oils."

Thu, 04/03/2014 - 18:11 | 4622911 asierguti
asierguti's picture

Believe it or not, it's difficult to find a good software developer. And in the case of HFT, you need a very good one, which knows exactly how to exploit every cycle of the hardware.

Thu, 04/03/2014 - 18:27 | 4622982 crunchyfrog
crunchyfrog's picture

I do not believe that. What's hard to find is someone with five years experience at a direct competitor using the same technology stack willing to take a 10% pay cut.

Slimeball, Inc then wines to the Labor dept that it needs to use H1Bs.

Thu, 04/03/2014 - 18:32 | 4622997 asierguti
asierguti's picture

If you pay enough, you will find them. That's why software developer in HFT firms earn 100k-200k. Some of them are earning over 500k.


It's up to the applicant, of course. I wouldn't be proud of working at a company whose business model is how to steal money from pension funds. But, I'm sure many people won't care, as long as they get paid very well.

Fri, 04/04/2014 - 01:33 | 4623973 o2sd
o2sd's picture

You really have no clue. Finding a C++ developer for HFT algo development is not something more H1Bs will solve.


Thu, 04/03/2014 - 18:31 | 4622994 pitz
pitz's picture

Its actually trivial to find good developers.  Firms like Google are innundated with so many applicants that they don't even manage to interview all but a small fraction.

Thu, 04/03/2014 - 18:36 | 4623010 asierguti
asierguti's picture

I work as a software developer for a big internet company, and I can tell you that it's not easy to find a good software developer.


It all depends, of course. HFT firms are looking for a good C++ developer, with a detailed knowledge of the hardware and code optimization, and that's not so easy. But if you want to find a C# developer, you will find it easily.

Thu, 04/03/2014 - 18:42 | 4623031 AustrianJim
AustrianJim's picture

Uh, you're completely wrong. It is trivial to find and hire developers, though, just leave the "good" part off.


I'm a software developer, and I approve this message.


Thu, 04/03/2014 - 22:38 | 4623730 malek
malek's picture

Assembler developers for HFT. Yeah, that sounds about right to me. /s

Thu, 04/03/2014 - 18:20 | 4622951 Wilcox1
Wilcox1's picture

The jobs were actually filled just milliseconds before the posting by the Goldman Sachs applicants.

Thu, 04/03/2014 - 18:05 | 4622878 willpoi
willpoi's picture

Every word I read keeps changing because of all of the Front Running

Thu, 04/03/2014 - 18:13 | 4622927 Firing Pin
Firing Pin's picture

Don't you mean Font running?

Thu, 04/03/2014 - 18:08 | 4622890 Firing Pin
Firing Pin's picture

Do the strippers do coke off of the Buddha statues, or do they sit on them and then the traders do blow off of the strippers tits? 

Thu, 04/03/2014 - 18:56 | 4623072 hot sauce technician
hot sauce technician's picture

Yes, that Buddha statue strikes me as a bit...deranged.

Thu, 04/03/2014 - 20:16 | 4623349 813kml
813kml's picture


Thu, 04/03/2014 - 18:08 | 4622893 css1971
css1971's picture

Together they'll all be cheaper than 1 "trader". Notice they're not using Windows... MS is walking dead.

Isn't Houston awfully far away from NY? Might as well be China.

Thu, 04/03/2014 - 18:09 | 4622895 Squid Viscous
Squid Viscous's picture

Heaven, Hell or Houston (ZZ Top)

Thu, 04/03/2014 - 18:11 | 4622904 Firing Pin
Firing Pin's picture

I think the Feds should authorize a bail-in of all of our accounts (bank, 401K's etc.) to save the HFT's after the dreadful hit piece on them. Carpe Bankum! Seize the bank! I for one wholeheartedly support and serve my omnipotent Overlords. CNBC is right, never end the Fed, all of the gold is in Ft. Knox, and Zerohedge is run BY the Fed to get all of your ip addresses to serve you IRS audits! 

Thu, 04/03/2014 - 18:11 | 4622910 Relentless101
Relentless101's picture

Looks like revenge of the nerds to me...

Thu, 04/03/2014 - 18:21 | 4622954 ebworthen
ebworthen's picture

Binary battleforce, front-running fuselade, I.T. interlopers.

Thu, 04/03/2014 - 18:25 | 4622971 Caveman93
Caveman93's picture

Ahh yes, instead of finding a cure for cancer or flying to Alpha Centari, we'll just use our "talent" to steal money. Aren't we fucked?

Thu, 04/03/2014 - 18:30 | 4622989 Colonel Klink
Colonel Klink's picture

Job requirements, must leave your morals, ethics, and being of the human race at the door.

Thu, 04/03/2014 - 18:54 | 4623066 chinoslims
chinoslims's picture

Who says America doesn't produce anything anymore?  Some how mothers in this country produce some vile scumbags. 

Thu, 04/03/2014 - 19:04 | 4623107 Cash Is King
Cash Is King's picture

LOL, must be doing God's work, trying to help the Mom & Pop's of the world or in business for the benifit of society as a whole. As a .ORG, I assume they're one of the above or a Non-Profit. That's a first!

Thu, 04/03/2014 - 19:04 | 4623110 RacerX
RacerX's picture

HEY! Who front-ran my application?!

Thu, 04/03/2014 - 19:35 | 4623199 J J Pettigrew
J J Pettigrew's picture

Traders have an idea what to do in the markets.  These people must know what you are doing before they have an idea. PEEK, then steal. Can you hear me Eric Holder? Do something.

Thu, 04/03/2014 - 19:36 | 4623208 DR
DR's picture

Sad...sad waste of brain talent...

Thu, 04/03/2014 - 19:55 | 4623281 UGrev
UGrev's picture

Had some dudes a few years back call me up for a software job for a "big bank". As soon as I heard that, I told them to take the job and go fuck themselves. *click*. 

Thu, 04/03/2014 - 20:13 | 4623336 tom a taxpayer
tom a taxpayer's picture

I traded baseball cards, football cards and Scoop cards when I was a kid. So, I am applying for Systems Team Leader - Trading Infrastructure job. I have the strategic vision to lead menial quants and software geeks to the Holy Grail of Trading!

Thu, 04/03/2014 - 20:21 | 4623362 Squid Viscous
Squid Viscous's picture

dumb fucks should just buy the SPY and watch it go up every day...

Thu, 04/03/2014 - 20:25 | 4623385 duhhhhhh
duhhhhhh's picture

just curious, but what happens to the market metrics if the hypothetical 25 to 50 percent of felonious over-all market trade volume generated by these htf-ers were to dry up instantly? one could imagine that the fbi, sec, and cftc have turned the blind to this activity on the basis that it provided a volume pump in an otherwise anemic market.

Thu, 04/03/2014 - 21:15 | 4623546 CPL
CPL's picture

Those jobs better stay empty.  Let it break.

Thu, 04/03/2014 - 23:22 | 4623814 nostromo17
nostromo17's picture

Pretty sure the women have already stopped fucking these men if they are any good at their geeky jobs.

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