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0 pointskamaitachi4y ago0 comments

Wow - TIL. Thanks.

I've been out of the HFT business for a while, so i guess things have moved on.

0 comments

Haha yeah! Though times for these auctions are double-digit milliseconds, a lifetime for your fpga strategies! And it's still fairly niche, these are complementing CLOBs/dark pools rather than replacing them. Where did you move to from hft?

kamaitachiOP4y ago

Moved into a small company that does process control (SCADA) systems development. Took a fairly large drop in salary but the work/life balance improved and job satisfaction increased.

I'd previously done a lot of work in embedded SCADA systems (hence the fit for working with with FPGAs in HFT).

I left mainly because I genuinely felt that there was a certain futility with ultra low latency trading...it's less about trading and more an arms race between quants and techies of different companies, all with deep pockets.

I guess embedded SCADA systems are my comfort blanket :-)

anonymouse0084y ago

I'm merely an observer, but it feels, intuitively, that HFT was great when things were fairly predictable -- or more like the major indices and individual names moved a most 2% on any given day -- and now, in the post-covid era, starting with the DPZ spike, and you could argue the TSLA original call buying spree, everything is in shambles. A lot of HFTs I know of suffered serious losses...

Could you explain, indirectly or without identifiers, why now is different than back then?

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