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thw09j9m

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thw09j9m
·il y a 6 mois·discuss
Post your blind username. I'll message you morning time EST with receipts.
thw09j9m
·il y a 6 mois·discuss
I'm a staff level SWE at a company that you've all heard of (not a flex, just providing context).

If my manager said to me tomorrow: "I have to either get rid of one of your coworkers or your use of AI tools, which is it?"

I would, without any hesitation, ask that he fire one of my coworkers. Gemini / Claude is way more useful to me than any particular coworker.

And now I'm preparing for my post-software career because that coworker is going to be me in a few years.

Obviously I hope that I'm wrong, but I don't think I am.
thw09j9m
·il y a 4 ans·discuss
I think I'm missing the connection between how HFT's trade and how it takes money away from regular people.
thw09j9m
·il y a 4 ans·discuss
Generally, illegal trading resolves around the idea of trading on non-public information. And front running falls under that category (access to order data that other participants do not).

However, HFT's do not trade on non-public information. Every participant has access to the same market data. I could start my own "HFT firm" tomorrow; I would just be incredibly unsuccessful at it because I don't have the finances or computing resources to execute.
thw09j9m
·il y a 4 ans·discuss
Front running is illegal. However, making a better price prediction than the rest of the market and trading on it is not the same thing as front running.

[1] https://www.investopedia.com/terms/f/frontrunning.asp#:~:tex....
thw09j9m
·il y a 4 ans·discuss
> There are known loopholes that market makers get to exploit since they help keep the casino going.

Like what? I work at an HFT and I'd love to deliver a new strategy to my manager.