Location: Austin, TX

Remote: Yes

Relocate: No

Technologies: Hadoop, Spark, Hive, Python, Django, Angular, Ionic

Resume: https://my.indeed.com/r/ae0b7c0b62849b95?trk.origin=myindeed

Email: jrule [at] alumni [dot] rice [dot] edu

I'm in the ibanking risk technology space, and while I've never been in your position, I'd be happy to bounce some sales ideas back and forth

my first concern would be: what do you offer over riskmetrics, that couldn't be a feature in a larger offering? most of the work in utilizing third part software is data normalization over the inputs, so you've got to have a compelling use case

e-mail me web at foobox dot com if you're interested

i agree with this explanation - what will be interesting to watch is where these coders wind up:

* hyper-secretive buy-side firms like SAC decide there's a labor opportunity, and these blogs are shut down in short order

* some PG figure emerges to steer these promising technologists into the light; i know roger ehrenberg has tried to step to the plate in this regard and what i've gathered from the sidelines is that this is easier said than done

* they compromise on building sell-side execution platforms, who would be more tolerant (more apathetic is probably closer to the mark) of blogging and we start to see a real banking technology community form

the third option is the one i'm betting on and hoping for.

I think you're saying the same thing, but I agree deathflute has stated the problem more clearly from a business perspective: the strategies do not scale, yet they need to reinvest proceeds into the business to remain competitive. the result is more technology to execute the same strategies faster, rather than mitigating risk by diversifying into new strategies. this is why people call HFT an arms race.

Exactly - thank you for clarifying my original post - I agree it was poorly presented, but I do think we were both elaborating the same point. HFT IS an arms race as you point out, and the details I find interesting have to do with infrastructure changes - i.e. relocating server farms to Siberia to gain a few fractions of a second in transmission time, etc.

i tried to post this comment on your post on religion:

i get where you're coming from, but you've convinced yourself you're smarter than others and that makes you less happy, probably because other people (rightfully) view you as a dick... if i were you i'd consider giving some thought to big issues of international coordination our governments face, things like what if someone such as yourself were in control of a big red button to drop a nuclear weapon

Gold Panda, Four Tet, Baths, Toro y Moi, Caribou, Pantha du Prince - http://www.rhapsody.com/myrhapsody/playlists?playlistid=mp.1...

I think you would like Bonobo. He released a really good album this year. And Flying Lotus as well.

Doing event-driven trading isolated in the Cayman Islands without any sort of insider connections is a recipe for failure.

There are lots of high-frequency trading shops that could put your engineering chops to work, most of the shops are small enough that I'm sure they'd be happy to offer you some form of partnership with your spare cash. HFT strategies have very definite limits on lifespan and investment cap, but tend to produce out sized returns (yes, 10x).

Most of the big shops are in Chicago. Start with Jane St: http://www.janestcapital.com/

"im so great at coding because i've spent so little of my life doing it! that makes me better, qed"

huh?

I don't think he's claiming to be a great coder, but rather a great app designer. And he's right, life experience can come in handy in that area.

i consider myself more right-brain leaning than many in this field, but i still consider this nonsense. wtf does, for example, knocking about on foreign adventures have anything to do with making a great app? ok great, resourcefulness, but show me something relevant if you want $1k an hour

if he has some experience other than coding that makes him so fit, he should mention it, but this is pure bravado, and that doesn't sit well with me

sure but you can't attach moral obligation or duty to a corporate entity, all you can do is regulate (and we are trying...)

to tie the two together, i don't believe regulators are paying nearly enough attention to how incentives have changed over the past 15 years and why board of directors have become powerless to common sense in this arena

> sure but you can't attach moral obligation or duty to a corporate entity, all you can do is regulate (and we are trying...)

Actually, that's not "all you can do".

Note that regulators "don't have any skin in the game" and that regulation is systemic risk (by definition).

Also, regulation is always behind.

And that's without even addressing the elephant in the room, regulatory capture.

although i appreciate your attempt at libertarianism, your logic is non-nonsensical: you attack regulation without offering an alternative or re-defining the problem

> your logic is non-nonsensical: you attack regulation without offering an alternative or re-defining the problem

Non-sensical?

Do you really believe that the properties of regulation are affected by alternatives? (Hint: the relative merit is, but not the absolute properties.)

It's perfectly appropriate to interrupt a regulation love-fest by pointing out that it does not have the properties that its fans claim.

Do you really want to argue "we must do something, regulation is something, therefore we must regulate"?

And, there's the small matter that regulation can take many forms. For example, torts are a form of regulation.

Yet, question bureaucrats, and folks rise up.

You remember bureaucrats. They're folks with no skin in the game....

in politics relative merit is what gets things done (Hint: you can get around this by starting your own libertarian paradise on some uninhabited island, may I submit the name "jackassland" for your consideration)

Do it, I worked in HFT for a year and enjoyed it. It's a small and secretive world. People that go this route don't tend to start up "how to" blogs on HFT, and you'd likely be shunned by the community if you did.