Re: [AFMUG] HFT

2020-11-28 Thread Bill Prince 
They play the delta between the two exchanges and take advantage of the 
lower latency of microwave vs fiber.



bp


On 11/27/2020 10:20 PM, Matt Hoppes wrote:

I was talking with someone last week about all the High Frequency Trader 
microwave links going up in our area.

Never thought twice about it until then.

Why are they building these microwave and fiber networks to the NYSE rather 
than just moving their operations center closer to NY?


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Re: [AFMUG] HFT

2020-11-28 Thread Mike Hammett 
They're also building Chicago - Tokyo, Chicago - Frankfurt, etc. via 
atmospheric bouncing. 




- 
Mike Hammett 
Intelligent Computing Solutions 

Midwest Internet Exchange 

The Brothers WISP 




- Original Message -

From: "Matt Hoppes"  
To: "AnimalFarm Microwave Users Group"  
Sent: Saturday, November 28, 2020 9:18:56 AM 
Subject: Re: [AFMUG] HFT 


Ok. That explains the Chicago/NY link. 


That’s something else! 



On Nov 28, 2020, at 10:11 AM, Ken Hohhof  wrote: 








I assume it’s a combination of front running, arbitrage, and algorithmic 
trading. 

So they exploit slight differences in prices between exchanges in NY/NJ, 
Chicago, Seattle, Europe, Asia, etc. Based on knowing what has happened 
somewhere else, a few milliseconds before other people know it. I say people, 
but it’s probably machines doing the trading, probably specialized computers 
built just for HFT. Just like there are specialized computers for 
cryptocurrency mining. 




From: AF  On Behalf Of Tim Hardy 
Sent: Saturday, November 28, 2020 7:18 AM 
To: AnimalFarm Microwave Users Group  
Subject: Re: [AFMUG] HFT 

Its a lot more complicated than that. https://en.wikipedia.org/wiki/Flash_Boys 






On Nov 28, 2020, at 7:17 AM, Matt Hoppes < mattli...@rivervalleyinternet.net > 
wrote: 




Sure but their operations could be. 






On Nov 28, 2020, at 1:30 AM, Colin Stanners < cstann...@gmail.com > wrote: 







I'm assuming that the Chicago Stock Exchange is quite fixed and immovable, no? 



On Sat, Nov 28, 2020 at 12:21 AM Matt Hoppes < 
mattli...@rivervalleyinternet.net > wrote: 


I was talking with someone last week about all the High Frequency Trader 
microwave links going up in our area. 

Never thought twice about it until then. 

Why are they building these microwave and fiber networks to the NYSE rather 
than just moving their operations center closer to NY? 
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Re: [AFMUG] HFT

2020-11-28 Thread Matt Hoppes 
Ok. That explains the Chicago/NY link. 

That’s something else!

> On Nov 28, 2020, at 10:11 AM, Ken Hohhof  wrote:
> 
> 
> I assume it’s a combination of front running, arbitrage, and algorithmic 
> trading.
>  
> So they exploit slight differences in prices between exchanges in NY/NJ, 
> Chicago, Seattle, Europe, Asia, etc.  Based on knowing what has happened 
> somewhere else, a few milliseconds before other people know it.  I say 
> people, but it’s probably machines doing the trading, probably specialized 
> computers built just for HFT.  Just like there are specialized computers for 
> cryptocurrency mining.
>  
>  
> From: AF  On Behalf Of Tim Hardy
> Sent: Saturday, November 28, 2020 7:18 AM
> To: AnimalFarm Microwave Users Group 
> Subject: Re: [AFMUG] HFT
>  
> Its a lot more complicated than that. https://en.wikipedia.org/wiki/Flash_Boys
>  
> On Nov 28, 2020, at 7:17 AM, Matt Hoppes  
> wrote:
>  
> Sure but their operations could be. 
> 
> 
> On Nov 28, 2020, at 1:30 AM, Colin Stanners  wrote:
> 
> 
> I'm assuming that the Chicago Stock Exchange is quite fixed and immovable, no?
>  
> On Sat, Nov 28, 2020 at 12:21 AM Matt Hoppes 
>  wrote:
> I was talking with someone last week about all the High Frequency Trader 
> microwave links going up in our area. 
> 
> Never thought twice about it until then. 
> 
> Why are they building these microwave and fiber networks to the NYSE rather 
> than just moving their operations center closer to NY?
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Re: [AFMUG] HFT

2020-11-28 Thread Ken Hohhof 
I assume it’s a combination of front running, arbitrage, and algorithmic 
trading.

 

So they exploit slight differences in prices between exchanges in NY/NJ, 
Chicago, Seattle, Europe, Asia, etc.  Based on knowing what has happened 
somewhere else, a few milliseconds before other people know it.  I say people, 
but it’s probably machines doing the trading, probably specialized computers 
built just for HFT.  Just like there are specialized computers for 
cryptocurrency mining.

 

 

From: AF  On Behalf Of Tim Hardy
Sent: Saturday, November 28, 2020 7:18 AM
To: AnimalFarm Microwave Users Group 
Subject: Re: [AFMUG] HFT

 

Its a lot more complicated than that. https://en.wikipedia.org/wiki/Flash_Boys

 

On Nov 28, 2020, at 7:17 AM, Matt Hoppes mailto:mattli...@rivervalleyinternet.net> > wrote:

 

Sure but their operations could be. 





On Nov 28, 2020, at 1:30 AM, Colin Stanners mailto:cstann...@gmail.com> > wrote:



I'm assuming that the Chicago Stock Exchange is quite fixed and immovable, no?

 

On Sat, Nov 28, 2020 at 12:21 AM Matt Hoppes mailto:mattli...@rivervalleyinternet.net> > wrote:

I was talking with someone last week about all the High Frequency Trader 
microwave links going up in our area. 

Never thought twice about it until then. 

Why are they building these microwave and fiber networks to the NYSE rather 
than just moving their operations center closer to NY?
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Re: [AFMUG] HFT

2020-11-28 Thread Tim Hardy 
Its a lot more complicated than that. https://en.wikipedia.org/wiki/Flash_Boys 


> On Nov 28, 2020, at 7:17 AM, Matt Hoppes  
> wrote:
> 
> Sure but their operations could be. 
> 
>> On Nov 28, 2020, at 1:30 AM, Colin Stanners  wrote:
>> 
>> 
>> I'm assuming that the Chicago Stock Exchange is quite fixed and immovable, 
>> no?
>> 
>> On Sat, Nov 28, 2020 at 12:21 AM Matt Hoppes 
>> > > wrote:
>> I was talking with someone last week about all the High Frequency Trader 
>> microwave links going up in our area. 
>> 
>> Never thought twice about it until then. 
>> 
>> Why are they building these microwave and fiber networks to the NYSE rather 
>> than just moving their operations center closer to NY?
>> -- 
>> AF mailing list
>> AF@af.afmug.com 
>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com 
>> 
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Re: [AFMUG] HFT

2020-11-28 Thread Matt Hoppes 
Sure but their operations could be. 

> On Nov 28, 2020, at 1:30 AM, Colin Stanners  wrote:
> 
> 
> I'm assuming that the Chicago Stock Exchange is quite fixed and immovable, no?
> 
>> On Sat, Nov 28, 2020 at 12:21 AM Matt Hoppes 
>>  wrote:
>> I was talking with someone last week about all the High Frequency Trader 
>> microwave links going up in our area. 
>> 
>> Never thought twice about it until then. 
>> 
>> Why are they building these microwave and fiber networks to the NYSE rather 
>> than just moving their operations center closer to NY?
>> -- 
>> AF mailing list
>> AF@af.afmug.com
>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
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Re: [AFMUG] HFT

2020-11-27 Thread Colin Stanners 
I'm assuming that the Chicago Stock Exchange is quite fixed and immovable,
no?

On Sat, Nov 28, 2020 at 12:21 AM Matt Hoppes <
mattli...@rivervalleyinternet.net> wrote:

> I was talking with someone last week about all the High Frequency Trader
> microwave links going up in our area.
>
> Never thought twice about it until then.
>
> Why are they building these microwave and fiber networks to the NYSE
> rather than just moving their operations center closer to NY?
> --
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>
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[AFMUG] HFT

2020-11-27 Thread Matt Hoppes 
I was talking with someone last week about all the High Frequency Trader 
microwave links going up in our area. 

Never thought twice about it until then. 

Why are they building these microwave and fiber networks to the NYSE rather 
than just moving their operations center closer to NY?
-- 
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