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Re: TechnicalTitan post# 24622

Saturday, 12/09/2017 2:17:07 AM

Saturday, December 09, 2017 2:17:07 AM

Post# of 33030
sorry that was typed quickly, hastily and i'm tired as heck...probably a lot of typos..but if I'm understanding you correctly in a nutshell I feel market makers will use weird time frame loopholes and stuff to their advantage if that's what you're getting at. Put it this way, I accrued 50k+ constantly in a GL Account: payable/accrual account "Finra Fines Payable", this was so we had a constant amount of money to cover fines that are an everyday thing in market maker world/HFT World. Most of the time it was due to not giving a client/counter party the best price of execution as the trader didn't look to all the markets or acted hastily, other times it could be related to manipulation, etc... It's a fast pace game (they were a tightly knit team and if I told you their average bonus' above and beyond their salaries, yes salaries not draws, you'd probably cringe if you don't make a million a year consistently...) and an industry that's going to be completely automated, market makers know they better learn to program algos and start a prop desk as agency trades to get a risk free buy/sell and make more during bad times of high volatility and widening spread days are coming to an end...that's why they expand and buy up companies in many areas of IB/institutional financial, hell i wouldn't be surprised if they are doing crypto ICO's next year...they're heavy into commodities and futures they will probably get into bitcoin futures when they hit the CME.
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