@TimMeggs And then you have the firms that had the “systems wizard” who has 20 poorly written VBA spreadsheets.
The wizard is a hero until the wizard leaves and nothing can be maintained and they quickly realize what a mess the work was.
@TimMeggs Can’t tell you how many big name mutual funds wanted to build their own version of what we do, spent hundreds of thousands (or millions of dollars) then gave up and came to us.
If building systems isn’t your core competency, don’t do it - it becomes a costly distraction
We are going to be putting some great content out on LinkedIn
Time to share some of the lessons we have learned during our 10 year journey
Please follow us!
https://t.co/3hy76Aa5yl
Babelfish comments on @SECGov Order Competition Rule.
TL:DR - competition will benefit multiple classes of market participants, but the devil is in the details
Link to document below.
@GaryGensler
https://t.co/odvJDJ1nI1
Congratulations to our co founder @see_jeff_tweet , who received his purple belt in Brazilian Jiu Jitsu!
Every morning he grapples with people before he grapples with data.
We wrote a piece a few years ago on how easy it is to identify broker algorithms
https://t.co/wTJg71qUB7
If John Oliver can identify legislators based on a few data points, do you really think a smart HFT firm can’t identify your parent order when you use a sloppy algo?
@dlauer Happy birthday from Babelfish
42 is the most perfect number! You now know the answer to life, the universe, and everything.
Next you need to know the question..
(All Hitchhikers Guide to the Galaxy references)
Douglas Adams would have been 70 years old today.
Buy a copy of “The Hitchikers Guide to the Galaxy” if you haven’t read it - hopefully you will love it as much as we at Babelfish do!
@sikes_@gleeville@aosipovich Obviously this is all speculation until we analyze the data, but this maybe the most significant market structure finding in many years.
@sikes_@gleeville@aosipovich It also shows the benefit of exposing retail orders to a broader marketplace.
Based on our prior research, it will also help reduce institutional trading costs, benefiting “aggregated” retail investors.