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Bitcoin-Euro Meets High-Frequency Trading: Ninja Tactics for Success Bitcoin Euro + High-Frequency Trading (HFT): Unveiling Hidden Opportunities High-Frequency Trading (HFT) meets Bitcoin-Euro trading: a thrilling blend of innovation and chaos. Let's dive into this dynamic duo, explore cutting-edge strategies, and unearth untapped market opportunities. What is High-Frequency Trading (HFT)? HFT is the flash of trading brilliance where computers execute trades in milliseconds. It's like a Formula 1 car zooming past your grandma’s station wagon—it’s lightning-fast, precise, and data-driven. Why Traders Love HFT: - Speed Matters: Algorithms execute trades faster than a sneeze, capitalizing on micro-market movements. - Liquidity Boost: HFT adds market liquidity, ensuring smoother transactions. - Arbitrage Profits: It exploits price differences across platforms. Bitcoin-Euro: The Rising Star in HFT The Bitcoin-Euro pair is a favorite for crypto-enthusiasts and savvy traders alike. Its high volatility and liquidity make it a playground for advanced strategies like HFT. Why the BTC/EUR Pair Rocks: - 24/7 Market: Unlike traditional Forex, Bitcoin never sleeps. - Massive Volatility: HFT thrives on Bitcoin’s price swings. - Euro Stability: The Euro adds a touch of predictability amidst Bitcoin's chaos. The Intersection of BTC/EUR and HFT: A Perfect Match Pairing Bitcoin-Euro with HFT creates unparalleled opportunities, but not without challenges. Think of it as combining fire and ice: thrilling, but potentially explosive. Pro Tip: Use volatility forecasting tools to time trades effectively. Strategies for Mastering BTC/EUR with HFT Arbitrage Opportunities Arbitrage involves exploiting price discrepancies across exchanges. For instance, Bitcoin might trade at €30,000 on one platform and €30,500 on another. How to Succeed: - Use HFT bots to scan multiple exchanges. - Act fast; opportunities vanish within milliseconds. Order Flow Analysis Analyze real-time order books to predict price movements. It’s like reading the room before making your next move in poker. Execution Tip: Use platforms offering direct market access (DMA) for granular data. Machine Learning in HFT Combine HFT with machine learning models to predict BTC/EUR trends. It’s trading meets sci-fi! Implementation Ideas: - Train algorithms on historical data. - Use predictive analytics to optimize entries and exits. Pitfalls to Avoid in BTC/EUR HFT - Latency Issues: Even a millisecond delay can mean lost opportunities. Use co-location services near exchange servers. - Overfitting Algorithms: Avoid relying solely on past patterns. Always adapt to changing market conditions. - Ignoring Fundamentals: Bitcoin news (e.g., regulation updates) impacts volatility. Keep your strategy flexible. Mastering the Bitcoin-Euro pair with High-Frequency Trading is not for the faint of heart. It’s a wild ride combining cutting-edge technology with strategic brilliance. Equip yourself with the right tools, stay informed, and let the algorithms do the heavy lifting. —————– Image Credits: Cover image at the top is AI-generated Read the full article
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Ultra Low Latency Provider in India
Estee Advisors is a top Ultra Low Latency provider in India, offering high-speed trading solutions tailored for the fast-paced world of financial markets. With advanced technology and optimized infrastructure, they minimize delays to enhance trading efficiency, giving clients a competitive edge in executing transactions with lightning speed and precision.
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The cryptocurrency world is evolving rapidly and to remain on top, it becomes essential for the traders or crypto holders to consider each factor while making a trade. One such factor to consider is latency which relates to the time consumed by data to travel across different platforms. This factor has a significant impact on the trader’s performance. Let’s uncover the value of latency in the crypto marketplace. What is Latency in Cryptocurrency? Latency is the lag in the amount of time it consumes for data to move from one point to another in the trading system. In simple terms, it refers to how rapidly data can travel across different platforms and has a major influence on how traders place their buying and selling orders. Latency has the potential to influence the trader’s capacity to carry out orders and needs to be reduced as much as feasible at all phases of trading. The increased demand for executing numerous trades in a short time period made it essential to reduce latency. Some traders don’t consider latency as a major factor in trading but it is still significant to carry out the best transaction execution. Before knowing the importance of latency in crypto trading, let’s explore a bit about the types of latency. Hardware latency, software latency, data latency, network latency, and order execution latency are the main types of latency in cryptocurrency. All these types relate to different types of latency. For example, Data latency relates to delay in market data delivery whereas software latency relates to the processing time required by the software to execute a particular program or algorithm. Now, you are a bit aware of latency and its role in cryptocurrency exchange. Let’s explore the value of latency in crypto trading. What Value Does Latency Hold in Crypto? Cryptocurrency is a digital asset and can easily be affected by the rapid technological evolution. High market volatility due to technological advancement makes latency a crucial factor in the crypto landscape as volatility changes the value of cryptocurrency within milliseconds. With low latency, data can be sent more quickly and vice versa. Low latency is considered crucial for online systems that wish to submit the order as soon as they click the submit button. More delays in order confirmation may decline the value of the asset, resulting in heavy losses. The major impact of latency is observed on execution speed, algorithmic strategy, risk management, and arbitrage opportunities. Want to achieve low latency? Minimizing the physical distance traveled by the data, using effective algorithmic trading strategies on the software front, negotiating regulatory issues, and using low-latency order routing can help you achieve low latency. Conclusion Latency is a concept accountable for the time consumed by the data to travel from one system to another to complete a trade. The factor mainly affects the trading in different ways. Low latency on the other side helps in executing the transaction more quickly.
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PLC Ultima - The Gateway to Financial Inclusion
PLC Ultima is an ambitious project to provide hundreds of millions worldwide with access to digital financial infrastructure and instant payments. It does so by building secure and reliable bridge networks which anyone with an internet connection can access. Through its network of decentralized exchanges, users can access a wide range of financial services and products, from stablecoins to cryptocurrency mining, meme coin tokens, tokenomics, and more. Moreover, PLC Ultima is also developing a user-friendly platform that enables users to manage their funds and investments in a secure environment.
It has built an innovative platform that combines the benefits of blockchain technology with traditional banking services, making it easier for users to access financial products and services. The end goal of PLC Ultima is to provide greater financial inclusion and to empower individuals who have been left out of traditional banking systems by giving them access to a global economic infrastructure and instant payments. It strives to create an accessible and user-friendly platform that will make it easier for people to get involved in the digital currency revolution. In doing so, PLC Ultima hopes to give its users more control over their financial destinies and create a fairer and more equitable future for everyone.
The team behind PLC Ultima is dedicated to creating a world where everyone can access the financial services and products they need. With its mission of financial inclusion, PLC Ultima aims to provide users with an easy and secure platform to manage their finances, investments, and digital assets. It is well on its way to providing a safe, efficient, and inclusive financial infrastructure. PLC Ultima is opening the doors to a global financial ecosystem.
Users can access various financial services and products through its platform, such as cryptocurrency mining, tokenomics, meme coin tokens, stablecoins, and more. This allows users to make payments across borders efficiently and securely easily. Furthermore, PLC Ultima is developing a user-friendly platform that makes it easier for users to manage their funds and investments. The open nature of the PLC Ultima platform also allows developers to build applications on top of its infrastructure.
This opens up various possibilities, such as dApps and smart contracts, allowing users to access a much more extensive range of financial products and services. These tools enable users to make more secure transactions and benefit from various arbitrage opportunities. Ultimately, PLC Ultima is providing the gateway to a global financial infrastructure that is more open, equitable, and accessible than ever before.
PLC Ultima is creating a better future for all its users by leveraging blockchain technology and traditional banking services.
With access to a secure and reliable financial platform, individuals can gain control over their finances and benefit from the global economy. Through its mission of financial inclusion, PLC Ultima is achieving its goal of providing hundreds of millions of people worldwide with access to a secure, efficient, and inclusive economic infrastructure.
PLC Ultima is making it easier and more secure for individuals to send and receive payments worldwide. Users can access various financial products and services through its platforms, such as crypto mining, tokenomics, meme coin tokens, stablecoins, and more.
The platform also supports instant payments, allowing users to make quick and secure transactions with minimal fees. The PLC Ultima infrastructure is designed with scalability in mind, allowing it to support millions of transactions with minimal latency. This makes it the perfect platform for individuals and businesses looking for a cost-effective and efficient way to send money across borders. In addition to providing instant payments, PLC Ultima provides users access to a global financial infrastructure. This allows users to easily invest in various assets, such as cryptocurrencies and traditional stocks.
Furthermore, with its intuitive user interface and secure infrastructure, PLC Ultima makes it easier than ever for users to manage their finances. PLC Ultima makes it easy for users to access the global financial infrastructure. Its intuitive user interface lets users quickly set up and manage their accounts and funds with just a few clicks. Furthermore, users can also access a wide range of financial services and products, such as cryptocurrency mining, tokenomics, meme coin tokens, stablecoins, and more.
This makes it easier for users to make payments across borders and benefit from global financial opportunities. The platform also allows developers to build applications on its infrastructure, such as dApps and smart contracts. PLC Ultima makes it easy for users to send money across borders affordably and transparently. By leveraging the power of blockchain technology, users can make payments with minimal fees and enjoy a secure transaction experience.
Furthermore, the platform provides users access to real-time market data, allowing them to make informed decisions regarding their finances. With its secure infrastructure, PLC Ultima provides users with a reliable and safe platform to manage their finances. Moreover, the platform also features advanced security protocols, such as multi-signature wallets and two-factor authentication. These security protocols ensure that users' data is kept safe and secure.
PLC Ultima is making it easier and faster for individuals to access a global financial infrastructure. PLC Ultima is creating a better future for all its users by providing instant payments worldwide, access to a wide range of financial services and products, and a secure and reliable platform. Furthermore, with its mission of financial inclusion, the platform ensures that hundreds of millions of people worldwide can benefit from a global economic infrastructure. These features make PLC Ultima an ideal platform for individuals and businesses looking for an efficient and cost-effective way to access the global financial infrastructure.
Furthermore, its mission of financial inclusion allows it to provide access to those deprived of traditional fintech services. With its cutting-edge technology and intuitive user interface, PLC Ultima transforms how people access financial services worldwide.
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China’s State Cryptocurrency Coming Soon, Featuring Two-Layer Structure
This article was originally published by 8btc and written by Lylian Teng.
China is about to roll out its central bank digital currency (CBDC), which features a two-layer operation mechanism, with China’s central bank running the top layer and business institutions running the second layer, said Mu Changchun, deputy chief at the Payment and Settlement Division of the People’s Bank of China (PBoC).
China’s central bank initiated a study on digital currency and its central bank-backed digital currency in early 2014 when the bitcoin began to gain popularity in the country. After five years of research, the central bank officer recently announced that the CBDC is ready to come out and revealed some design principles behind the upcoming state cryptocurrency at the third summit of China Finance 40 Group Meeting.
Two-Layer Operating System
Changchun revealed that the CBDC will leverage a two-layer operation system, which means the PBoC will convert the digital currency to commercial banks or other operating institutions where the public could acquire it, instead of single-layer structure where the central bank issues the digital currency directly to the public.
He explained that a two-layer structure better suits the country’s national conditions considering that China is a complex economy with a vast territory and a large population, where economic development, resource endowment, literacy education and acceptance of smart terminals vary from place to place. Technically, a two-layer operation design avoids excessive concentration of risk in a single institution, meanwhile, it can also make use of existing resources to mobilize the enthusiasm of commercial banks whose IT infrastructure and service system have been relatively mature with large user bases.
Such a structure also ensures and strengthens the macro monetary control of the central bank. The officer stressed that the PBoC insists on centralized management despite the fact that cryptocurrencies are featured by decentralization.
Retail Scenarios, High Scalability
Changchun furthered that the coming CBDC is a replacement of M0 — the base currency measure — and thus it will charge no interest rate on cash. Given that, the CBDC will not trigger financial disintermediation, nor will it have a big impact on the existing real economy.
He also pointed out that the state-backed digital currency will comply with the current legal framework, such as laws of cash management, anti-money laundering and counter-terrorism financing. Any suspicious transaction or whale transfers are obliged to be reported to the PBoC.
On top of the basic compliance, Changchun detailed that China’s CBDC shall bear attributes of high scalability and high concurrency performance, which are essential to its applications in small retail and high-frequency business scenarios. He believes that setting transaction limits and balancing limits in accord with wallets at different levels will help promote its usage in the aforementioned cases. By doing this, there should be a minimization on deposits, helping avoid the pro-cyclical effect that comes under arbitrage and a stressed environment.
“State-backed cryptocurrency is inevitable, though it is hard to implement,” commented China UnionPay Chairman Shao Fujun.
The country has been taking the lead in developing a state-backed digital currency while many other countries have been attempting to launch their own cryptocurrencies in an effort to tackle issues of low inefficiency, high latency and more.
The post China’s State Cryptocurrency Coming Soon, Featuring Two-Layer Structure appeared first on Bitcoin Magazine.
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The Dow Crashes, Bitcoin Crashes | Hodler's Digest
New Post has been published on https://hititem.kr/the-dow-crashes-bitcoin-crashes-hodlers-digest/
The Dow Crashes, Bitcoin Crashes | Hodler's Digest
The G20 met this week in Argentina amid mounting tensions between the U.S and China, who agreed on a temporary ceasefire regarding the trade war, leading gold to fall and the Dow to shoot up 288 points. But then Huaweis CFO was arrested in Canada for violating sanctions and is now awaiting extradition to the U.S; China, of course, is demanding her release. Fearing a tit for tat response, the Dow plunged 785 points before recovering. With all this going on, G20 member states were able to discuss crypto, and rather than talk of further crackdowns, they were reasonably open to it.A summary of the meeting was published titled Building Consensus for Fair and Sustainable Development. Crypto is mentioned once in reference to an open and resilient financial system that is crucial to support sustainable growth, while also promising to fight money laundering and terrorism; in short, crypto can be a force for change, but we want to tax and regulate it. In recent months, the crypto market, rather than being a safe haven from volatility in traditional markets, seems to be down when the the stock market is down. Bitcoin held above 4K until tuesday, but by the end of the week slumped to under $3.3K. Weekly, the leading crypto was down about 20%, monthly losses are just over 47%. Ripple was down over 23% and 40% monthly. Ethereum did even worse, trading in double digits, down 31% weekly and 60% monthly. Although maps were mostly red this week, hodlers have a date when they can cross their fingers in February 2019. The SEC has set a new deadline for the Bitcoin ETF decision. Commissioner Hester Peirce, aka Crypto Mom who dissented over the SECs decision to reject the Winklevoss Bitcoin ETF, told investors this week; Dont hold your breath awaiting a BTC ETF approval.Also this week, Maduro fights fire with Petro fire, Binance launches its own blockchain, ErisX has a big funding round, and Bitcoin builds schools in Rwanda.Venezuelas national currency, the Bolivar aka the Bolivar Sobreno, is doing so badly that its causing the mainstream media to praise Bitcoin. In November, the Washington Post compared the leading crypto with the embattled national currency saying: Congratulations are in order: Bitcoin is a better store of value than the worst store of value there is. The cause of the national currencys dire performance is of course hyperinflation, monthly rates are currently about 250% and the IMF predicts inflation could reach 10,000,000% by 2019.In a foolish but typically misguided effort to circumnavigate the hyperinflation and crippling sanctions, the Maduro government opted to launch a national cryptocurrency–an effort that was widely deemed D.O.A. Each Petro is meant to be backed by a barrel of oil, but in fact, Reuters reported earlier this year that oil fields meant to supply this oil are in fact nowhere near ready for production. The Petro itself is not available on any major exchanges and Trump banned U.S citizens from dealing with it.Despite all this Maduro plods on, recently increasing the reference value of the Petro from over 3,000 bolivars to 9,000 bolivars in a desperate response to tackle the economic turmoil currently engulfing his administration. Hot on the heels of this announcement was on e that, on the face of it, would turn even Bernie Sanders conservative; Maduro raised the minimum wage a whopping 150%. Venezuelan economist Leonardo Buniak believes the wage increase will only lead to further hyperinflations and was highly critical of the national crypto: To anchor the bolivar to Petro is equal to anchoring it to nothing, One way of beating hyperinflation is dealing in a currency that is designed to be anti-inflationary, and so some ordinary Venezuelans are actually mining crypto and even using crypto to get money out of the country; some are even using it to avoid violence from corrupt government forces, without physical cash, its much more difficult to demand bribes or shake someone down. Here electricity is very cheap. Even if Bitcoin was worth $100, it would still be profitable to mine in Venezuela. Producing an entire Bitcoin could end up costing around $10 The electricity costs are so low since they are subsidized by the Government, the same happens with gasoline.As the price of Bitcoin dropped below 5000, a lot of miners in other countries shut off, the difficulty went down as well and so now mining became even easier for us. The President said that its already possible to use Petro to pay for electricity, water and so on. However, I think Petro is still in its Beta phase Very few people, almost no one owns Petro. Personally I dont know anyone who owns Petro as it cannot be used for everyday transactions.Peer-to-peer crypto exchange Paxful is using Bitcoin donations to build schools in the African country of Rwanda. Since the #Builtwithbitcoin campaign was launched last year, Paxful raised the relatively modest sum of 15 BTC and yet still managed to open two primary schools. We encourage the cryptocurrency sector to contribute more to humanitarian projects. The #BuiltWithBitcoin initiative is an example of bitcoin being used as more than a speculative tool, but a testament to the usefulness of cryptocurrency, said Ray Youseff, the CEO and co-founder of Paxful. Paxful plans to build 100 more schools across the country by leveraging the power of blockchain. Besides traditional subjects, Rwandese students will be learning about blockchain technology and how to transact in Bitcoin and exchange it with local currency. Potentially useful knowledge in a country with a burgeoning blockchain community, the local government have been showing particular interest in the space.We asked Paxful CEO Ray Yousseff to give us more insight into the project. So Paxful went all in. We built the school, we went there, to the school we built and actually had children there and we said: hey, this is amazing. Let’s take it a step further. We actually started upgrading the school, providing lunches for the kids, giving them uniforms, paying their teachers salaries, even got them health insurance for a year. And we thought about ways we could expand the project further. Build, build.That’s the key. We want to build things, we want to build structures and we want to fund them and we want to have education be the focal point of this. So if you can name two things that you wish you learned in school that you did not, what would they be? For me it was always finance, learning how to use my money and nutrition. So for me the big payoff is, now we can actually introduce that kind of curriculum to these kids.Teach them about money. Teach them where the money comes from, teach them how to best use their money to invest, to save it. The peer to peer finance, that’s going to help the emerging world. Why? Actually the emerging world is doing it themselves. We’re giving them crypto and we’re teaching them how to take that crypto, sell it in their local economies. So we donated a hundred thousand to the second school. And we gave them bitcoin and they took bitcoin and then we showed them how to sell it on Paxful for Rwandan francs. And they got, I think, an additional 5 percent off of that so we sent them hundred thousand but they actually got one hundred and five. And with that we could pay for health insurance to the kids and by giving you really nice cute little blue uniforms, toys etc..But the point was, it’s peer to peer finance. We educated them on how to use crypto. Crypto by itself is not enough. We are talking people there that hey, cryptocurrency is a real thing. You can turn this into money. And then some of them have to start their own business doing it as well. Very simple import export way, where they could play on the arbitrage of the difference in their local economies. Binance, the largest crypto exchange in the world by trading volume, intends to launch its own native blockchain, Binance Chain. Like Ethereum, Binance Chain will facilitate ICOs and allow the creation of new cryptocurrencies. As the company revealed in a Tweet, on the platform millions of tokens can easily issue projects. Speaking at Forbes Asia Forum in Singapore, finance CEO CZ said the platform will be based on an old idea of crypto and it will serve to increase cryptocurrency adoption globally.Later this week, CZ released a demo video preview of the upcoming decentralized exchange DEX to be built on the Binance Chain. We reached out to CZ and asked him more details on his upcoming project. The Binance DEX is a decentralized exchange that allows you to trade one token to another token on the Binance Chain. So very similar to Ethereum, ERC-20 token. But the Binance Chain also allows you to send and receive the Binance Coin, which is the native coin, plus other tokens. So the blockchain can allow you to send and receive directly if I want to send it to you. The Binance DEX allows you to trade in a decentralized manner. Crypto currency is supposed to be cheaper to transfer, It is supposed to be instantaneous. Initially it did that but given the popularity of crypto now that the two main popular networks are very saturated. So we’re kind of losing that, now transferring on Bitcoin network sometimes takes five to ten dollars or more so we want to go back to a fast and cheap transactions.So I guess when I was referring to the original inspiration for crypto that’s what I was referring to. I think the current decentralized exchanges are either slow or have relatively difficult to use UI. So I think the main thing for us is that we’re combining a very easy to use UI on top of a very fast high capacity chain. So we believe that we improve the latency and the user experience on the decentralized exchanges. And when that improves, we’re hoping to see the liquidity increase on the DEX and hopefully make a contribution to the market.So we are working with many partners on the business side to have partnerships to use Binanace Coin as the coin in the ecosystem for payments. Including many large travel booking sites or platforms. We want to see a situation where the merchants can accept whichever currency they choose and the payer can pay with whatever currency they have. And then we do the conversion in between. And it has to be instantaneous. Newly established crypto exchange ErisX secured $27.5 million in funding from big investors, including Nasdaq Ventures and Fidelity Investments. According to ErisX CEO Thomas Chippas, the funds will be used to hire more staff, build out infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets. Starting from next year, ErisX intends to allow users to trade Bitcoin, Litecoin and Ether on spot markets, plus will run Bitcoin future contracts.With increasing financial support from leading edge firms, ErisX stands to provide the most robust, secure and regulated digital asset offering available to both institutional and individual participants, said Chippas. We reached out to James Putra, Director of Digital Asset Product Strategy at TradeStation – a brokerage firm that participated in the funding round – to talk about the reasons behind such a major deal. the players that have interest and concern in this ecosystem are starting to congregate on platforms like ErisX and it starts to create an environment an ecosystem that we are much more familiar with operating with and we can bring that level let’s say certainty or lower risk to the mass market. We really like our ErisX because it starts to signal a move towards market structure maturity and if you look at what they’re doing they’ve really taken a step to put together a really unique set of partners that bring together partners that are brokerage firms partners that are custodians partners that are liquidity providers partners that also provide cash management custody and they really start to round out a market structure that looks and feels more mature and makes it more accessible for institutions like Tradestation or other brokers to access that market because they operate in a familiar way for us.From our vantage point we really see a lot of interest and activity in advancing the overall market in terms of making it accessible more for the mass market which is really interesting and I guess just getting the work done and trying to fulfill the promises and not having to deal with all of the hype that we saw as the huge prices were up there. generally speaking what happens in these crypto winters and what has us excited as well as many of our colleagues is that it’s the time when the hype has died down and it allows us to actually focus on getting things done. Pump and dump schemes generate $7 million dollars a month in trading volume. It is an old-school crime normally found in commodities trading, now rampant in the crypto market. A de facto criminal will choose a random crypto, accumulate it and announce a pump and dump on a private Telegram group.Unsuspecting victims will then see the rapidly inflating price and buy buy buy, the organizer of the pump will then unload all of their crypto onto them and in a matter of minutes be away with their funds. Now, two researchers at Imperial College London have developed an algorithm to spot when these schemes might occur–the ramifications of this are huge for much needed crypto-investment protection. Over 200 of these schemes were studied between July 21 and November 18. They focused on one particular pump on November 14 at 19.30 GMT announced to several Telegram groups, the largest of which was McAfee Pump Signals, with 12,000 members. Researchers Xu and Livshits found that anybody who got in on the action 18 seconds after a pump began would almost certainly lose their investment and would be sitting on a large holding of worthless coins, their only hope to wait for the next pump and dump.The machine learning algorithm developed by the pair of researchers can identify unexpected trades in obscure coins and recently found 6 schemes when it was implemented on live data. Criminals will always adapt, but these pair of researchers have found a way of increasing trust in a market that badly needs it. So it’s possible to develop an investment strategy based on our machine learning model. we have very conservative assumptions such as you only get half of of the gain and even with that assumption it’s likely that it’s proved to be robust that you can get a gain of 80 percent within three weeks. So that’s the return that we are able to demonstrate. Investors still need to be very careful because again those coins are arbitrarily selected by the group organizers they are handpicked by the group organizers.So if you are too greedy and if you invest too much money in those coins in the illiquid coins they are by nature very illiquid. If you invest too much money in those coins you’re likely to move the market even before the actual pump. And if the pump organizers observe unusual market movements it’s likely that they will switch the coin last minute. That’s something that we also observed in the telegram chat history. If they observe unusual movements prior to the pump they would just cancel the pump. raising awareness. Obviously, that’s that’s one thing that we wish to convey through the paper. hopefully you know other researchers will come into work on some of these subjects and hopefully regulators will start paying more attention here as well. Even amid the falling crypto prices, the Bitcoin subreddit reached 1 million subscribers this week And in this current bear market Binance CEO CZ decided to get a very permanent reminder of crypto, He got a tattoo of the Binance logo on his arm What crypto -logo would you get tattooed on your arm? Comments below.And, as always, like subscribe and hodl! .
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Styles of Investing
Know who you're betting against. Be aware of how other people are trading.
Macro-investing: Top-down approach Form views and predictions on large scale and global events in political and economic landscape
Strategy involves both long and short positions in various instruments.
Need to understand that Macro investors have a shit load of capital, hence they can swing the market based on their views so its important to understand their positions and views
Activist Investing (trending areas) Buy large stakes in underperforming companies and try to get seats on the board with the goal of affecting major changes.
Profit comes from implementing changes that make the company more valuable. Changes can range from the dividend payout policy, cost cutting, divestment from particular projects, or even firing the CEO. Based on forcing the CEO into doing what they want to do. Make their positions clear. (buying over 5% of a company makes your trade public to everyone)
Cost cutting popular.
"Poison pill" a defense from Activist investors. Basically booby trapping an Activist investor. For example a clause that if you fire the CEO he gets a $75mil payout - very expensive. Basically disincentives to change the way the company is operating.
Price moves due to them buying capital but also the market reaction. What stops them from just buying in and out is their reputation. If they continue to pull shit people will catch on. SCC etc.
Creates volatility which is good.
Small Activist hedgefund in NZ? Market isn't really big enough but could work on a smaller scale.
Pure Arbitrage:
Takes advantage if pricing inefficiences across securities, currencies and its derivatives to make a guaranteed, risk free profit.
Funds use computers to rapidly identify and execute trades because arbitrage opportunities only last for fractions of a second. (ETF?)
Example:
Stock XYZ listed on NYSE at US$100 and on the TSX at CA$130
Exchange rate is $US! - CA$1.31
XYZ should theoretically be $CA131
Therefore make instant $1 profit by buying XYZ from TSX for CA$130, selling on NYSE for US$100, then converting the US$100 into CA$131
People who win have the fastest computers and best algorithms. Don't need to worry about it as an equity investors.
Statistical Arbitrage:
Makes an expected profit Risk arbitrage carries some degree of risk and profits are made when the price converges to the theoretical price.
Far more opportunities to find.
Fundamental Long Only: (Buffet) Buy when underpriced and sells when they are overpriced. Doesn't use short selling Makes decisions by placing bets on market expectations, also use leverage, derivatives and alternative assets. (2:1, 3:1 leverage)
Fundamental Long/Short Equity: Similar to fundamental long but also allows for the use of short selling
Many of these funds focus on equities.
Allows for hedging, can have an overall bear view or bull view.
Most have a net exposure of 30%. 200-300% leverage.
High Frequency Trading: Automated trading using powerful computers that use quantitative models to identify opportunities and transact a large number of trades at extremely high speeds.
Positions are held for very short periods on time.
Relies on receiving and processing information faster than anyone else.
Profits come from:
Pure Arbitrage and statistical arbitrage
News-based trading
Latency arbitrage.
Special Situations (Event-driven trading)
Announcement of news with an uncertain probability of a particular result, differences can appear between the market's expectations and reality.
You want to adjust your positions as the market starts adjusting to your bet.
Merger Arbitrage: Type of special situation where the fund manager believes the probability of an M&A deal going through, or the probability of a higher counteroffer price announcement by the acquirer, is different to what the market expects.
Fund of Funds: Invest in other funds and ETF's. Investing in managers. Not that great unless you have a large sum of capital Highly diversified but suffer from two layers of management and performance fees.
Active Strategy fund of funds:
Makes macroeconomic bets by shifting funds into geography or industry specific funds. Actively shifts funds around between different hedgefunds etc.
Passive strategy
Creates an efficient portfolio across asset classes to maximize return for a given level of risk, rebalancing the portfolio routinely
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2012's Top rated five Rising Cell Website Trends
After decades of quick expansion in each the development of recent cell web sites (towers and rooftop web-sites) and in the tower ownership field, we are entering into experienced industry section. Even the most important tower firms acknowledge - by motion Otherwise by text - that the days of double digit advancement inside the domestic industry are more than. They can be settling in the at ease planet of REIT company ownership constructions whilst transferring into international marketplaces to find new resources of progress.
So is anything new on the horizon? Here is are the very best five foreseeable future developments that wil influence the cell tower marketplace:
one. The emergence of multi-manner, one RAN gear will push consolidation in The bottom station and antenna gear deployments.
We're already see evidence of this craze While using the Radio Accessibility Community (RAN) share deal amongst Dash and LightSquared. I anticipate to discover additional RAN share deals - Specifically Among the many smaller sized wi-fi carriers wanting to overcome economies of scale benefits of the massive two.
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two. Consolidation Amongst the carriers leading to fewer new Develop exercise.
Consolidation is nothing new within the wi-fi sector. Nonetheless, almost all of the market was caught abruptly by AT&T's introduced offer to acquire T-Cell. Need to this acquisition be approved, then unquestionably extra consolidation will follow One of the Tier 2 carriers. Observe closely to determine if a put together AT&T/T-Mobile uses RAN share technology to consolidate internet sites.
3. The emergence of "tiny cell" technologies.
Carriers already deploy in-developing units and participate in DAS techniques. Another phase will probably be to get started on utilizing the rising selection of outside pico/femto cells and tiny mobile apps much like the Alcatel-Lucent lightRadio. Even now, the carriers default to common mobile site design/overlay to unravel protection and potential problems. Nonetheless the economics are way too persuasive for https://en.wikipedia.org/wiki/Mobile_phone them not to adopt utilizing tiny cells to resolve very localized community troubles.
4. Every one of the discuss blended satellite/terrestrial networks will lead to...more targeted traffic on current cell internet sites.
Even though satellites might be feasible for some programs like movie streaming, and info visitors, the latency issues are still also great for them to be used for voice purposes. As long as The patron requires good quality voice providers, the carriers will follow their terrestrial networks.
five. Improved Opposition for collocations.
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As more traders see the key benefits of mobile web site leases, their might be an rising arbitrage market for the highest Value occasions of collocation. In which substitutes for current mobile sites exist, there'll be initiatives by carriers or other parties to move their equipment in return for reduce rent expenditures. At the very least 1 provider and a single tower business are already making moves During this space.
Times of changeover often current new alternatives, but will also can offer pitfalls for individuals who don't stay abreast of emerging developments.
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XRP listed as base pair on institutional-grade exchange DCEX for Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC] and more
DCEX, a registered cryptocurrency marketplace for retail and institutional investors, announced that it will be using XRP as the exclusive base currency for trading. This means that all cryptocurrencies on the exchange will be traded against XRP, for a total of 15 coin pairs.
The pairs with XRP offered are Bitcoin [BTC], Litecoin [LTC], Ethereum [ETH], Bitcoin Cash [BCH], Bitcoin Gold [BTG], Ethereum Classic [ETC], OmiseGo [OMG], EOS [EOS], DASH [DASH], Tron [TRX], Monero [XMR], VeChain [VEN], IOTA [IOTA], ZCash [ZEC], stablecoin TrueUSD [TUSD], with plans to add Neo [NEO] and Cardano [ADA]. The exchange has also promised more pairs in the coming months.
Keeping in line with their vision of providing a product for institutional investors in the space, all ten coins listed for the Bloomberg Galaxy Crypto Index [BGCI]. The exchange is slated to open in the coming weeks, with registrations for new users already open. DCEX will also allow for features such as arbitrage trading across exchanges due to XRP being listed as the base pair. Their statement says:
“XRP as a base currency allows for seamless, high-speed transfers between exchanges to take advantage of price inefficiencies.”
This also allows for faster execution times with a very low latency, which is what the DCEX platform is designed for. It reportedly allows for a transaction volume of one million transactions per second. They furthermore praised XRP, stating:
“XRP blockchain transactions typically settle in under four seconds, allowing for faster multi-exchange strategies and providing a speed advantage over other money movement options.”
This, in turn, enables users to engage in what DCEX is calling “high-frequency crypto trading”. This lets users connect to APIs to execute cryptocurrency trading strategies that would require a high speed to successfully occur.
The addition of XRP serves another purpose, which DCEX states will effect an increase of overall liquidity in the market. The press release states:
“Availability of novel currency pairs allows for new conversion pathways for market participants and gives traders easy ways to access many of the top cryptocurrencies.”
Moreover, the exchange states that it’s lower transaction fees will enable market participants to move XRP between DCEX and other exchanges for a low cost. It also offers margin trading to allow for leveraging.
Notably, the exchange is currently registered with the Financial Crime Enforcement Network [FINCEN]. It has also reportedly taken initial steps to become “registered, fully regulated, and compliant” in line with the United States Securities and Exchange Commission [SEC].
Elias Yami, a cryptocurrency analyst, stated:
“The move of an exchange that is on the cusp of institutional adoption is interesting to say the least. While the preliminary steps of ensuring that the exchange is compliant with regulation have been taken, it will be interesting to see how XRP will function in this scenario. Moreover, statements of “increasing liquidity” seem to point towards the support for xRapid to be integrated in the exchange. This seems like a natural fit for an exchange based on XRP.”
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XRP listed as base pair on institutional-grade exchange DCEX for Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC] and more published first on https://medium.com/@smartoptions
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Mastering Consolidation Phases with High-Frequency Trading The Insider’s Guide to Mastering Consolidation Phases with High-Frequency Trading If Forex were a reality show, the consolidation phase would be the plot twist nobody saw coming. Markets suddenly go from high drama to an eerily quiet lull—as if they’re collectively holding their breath. For many traders, it’s the calm before the storm; for you, it could be the perfect time to unleash some high-frequency trading (HFT) ninja tactics. This guide will help you unlock the secrets of the consolidation phase, master the art of precision, and harness HFT to turn quiet markets into a profitable playground. Why Consolidation Phases Are Like Your Netflix Buffering Screen You know that agonizing moment when your Netflix pauses to buffer right at the cliffhanger? That’s the consolidation phase for traders—frustrating, unpredictable, and yet full of potential. During this period, prices oscillate within a narrow range, and major breakouts haven’t yet occurred. Most traders find themselves bored or impatient, often making hasty decisions. But here’s the secret: consolidation phases are goldmines for those who know how to mine them. The Consolidation Playbook: What Most Traders Get Wrong - Chasing Breakouts Prematurely: Many traders jump the gun, mistaking random price spikes for a breakout. It’s like mistaking a dress rehearsal for opening night. - Ignoring Volume Trends: Consolidation phases often involve declining trading volumes. Savvy traders use this as a cue to predict when the market’s lull is about to end. - Overleveraging Positions: Tight ranges make leverage tempting, but overdoing it can quickly lead to disaster when volatility returns. HFT: The Speed Demon’s Edge in Consolidation High-frequency trading (HFT) is like having the Ferrari of Forex strategies. Designed for speed and precision, HFT can execute thousands of trades in milliseconds. But during consolidation phases, HFT isn’t about racing—it’s about agility. Let’s break it down: - Algorithmic Pattern Recognition: HFT algorithms are excellent at identifying micro-patterns in narrow ranges. These patterns can be exploited for scalping tiny price movements repeatedly. - Market-Making Opportunities: In consolidation, HFT can step in as a market maker, profiting from the bid-ask spread. - Latency Arbitrage: This is the ultimate ninja tactic. HFT thrives by exploiting delays in price updates across different platforms. Even during consolidation, these micro-delays can mean consistent profits. Hidden Opportunities: Turning the Lull into a Windfall "The Dead Zone" Strategy - Consolidation phases often occur during low-activity hours (e.g., post-London session or pre-Asian session). Use this downtime to deploy HFT strategies that capitalize on low volatility. The "Range Bouncer" Method - Identify key support and resistance levels within the range. Automate trades to buy near support and sell near resistance—a bread-and-butter tactic that’s perfect for consolidation phases. The News Anticipator - Consolidation often precedes major news releases. Program HFT systems to monitor economic calendars and take positions milliseconds after critical data is released. Why Most Traders Miss Consolidation’s Hidden Signals It’s easy to zone out during a consolidation phase. Many traders think nothing significant is happening, but the truth is that these phases often leave breadcrumbs. Here’s how to spot them: - Declining Bollinger Band Widths: A narrowing Bollinger Band signals reduced volatility—a classic hallmark of consolidation. - Volume Drought: Watch for a significant dip in trading volume. This is a cue that traders are sitting tight, waiting for a trigger. - Price Action Clues: Look for candlestick patterns like inside bars, dojis, or spinning tops—signs of market indecision. Real-World Case Study: HFT in Action During Consolidation Scenario: In early 2023, EUR/USD entered a month-long consolidation phase between 1.0650 and 1.0750. While many traders sat on the sidelines, one HFT firm capitalized by: - Executing Scalping Trades: Their algorithm identified micro-movements within the range, executing thousands of trades daily. - Exploiting Arbitrage: By monitoring price discrepancies across liquidity providers, they netted consistent profits. - Leveraging Economic Data: Ahead of a key ECB meeting, their system positioned itself to react milliseconds after the announcement, capturing the breakout. Result? A $2.5 million profit in a month, all from "boring" consolidation. Elite Tactics: How You Can Win the Consolidation Game - Invest in Advanced Tools: Equip yourself with cutting-edge trading software. Tools like the Smart Trading Tool can optimize lot sizes and automate strategies. - Master Risk Management: Tight ranges don’t mean zero risk. Use the Free Trading Plan to set clear goals and manage exposure. - Learn from the Best: Join the StarseedFX Community to gain insider insights and daily alerts from industry experts. The Power of Precision Consolidation phases aren’t just market breathers; they’re secret opportunities for those with the right tools and tactics. Whether you’re deploying HFT strategies or simply looking to refine your trading mindset, understanding these phases can be the difference between mediocrity and mastery. Essential Takeaways for Traders: - Recognize Consolidation: Learn to identify key signals like tight Bollinger Bands and volume droughts. - Deploy HFT Strategically: Use advanced algorithms to exploit narrow ranges and latency arbitrage. - Stay Prepared: Leverage tools like the Free Trading Journal to track and refine your approach. —————– Image Credits: Cover image at the top is AI-generated Read the full article
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Addressing Climate Adjustment Demands Tranquillity
Weight problems is actually a health care condition where excess physical body excess fat receives gathered triggering unpleasant results on health. Lewis's book scandalized Stock market along with its own insurance claim that substitutions were actually trumping up the market place by enabling high-frequency investors to utilize their velocity to successfully hop the line from orders from common financiers, known in the market as latency arbitrage." Numerous on Commercial disagreement that something exists.beauty-On-you.info https://i2.wp.com/farm9.staticflickr.com/8455/7933176830_06471fc36b.jpg" width="317" /> Busking, or street conducting, is likewise a great electrical outlet when indoor club gigs become hard ahead through. There is actually almost never any type of lack from work for the committed road entertainer; as well as Seattle has confirmed on its own quite busker-friendly overall, regardless of whether Pike Area Market usuallies frown on drummers and also gamers from metal tools, that are actually extra likely to gather at Westlake Mall, or at the Seat Center, climate allowing. While a wander down Haight Road today absolutely evokes fond memories, it additionally makes us yearn for a place that was the moment the center of love and passion and also young people in rebellion, a place our experts never ever possessed the opportunity to experience our own selves yet will be for life engrained in San Francisco's complex, modern past history. As a company development business, Main Road Funds Enterprise's distributions are actually not handled the same way as routine company returns when that comes to income tax reason. Beach places regularly have family friendly tasks such as miniature golf as well as of course the always preferred go pushcart paths. On top of that, that is at the same time somewhat quick and easy to predict the amount of returns a specific valuable provider are going to be actually paying for in the around condition. My 3 best yielders are Omega Healthcare (7.63%), a REIT; Key Road (5.77%), a BDC; and telecom big AT&T (5.19%). Environmentally friendly garments are actually additionally being sought by a much more environmentally cautious people. . The each product type could even more be actually identified accordinged to the variations in a product by definition. The apparel industry can be fractional on the basis of prompt fashion trend and conventional fashion.
The downloading is really quickly too thus you need certainly not hang around lengthy hours to view your preferred celebrities in action. I am going to create a couple of assumptions concerning you if you are reviewing this short article appearing for rapid weight loss tips. I myself infact have used 5 dogs street certainly not those expensive one and 4 from them are actually female and also sterlize all of them all and also its actually been actually 4 years certainly not a single pup if they remained in street and really did not sterlize at that point there would actually have actually been actually more than 30 additional canines. I've been actually thinking of checking out some road fine art, but I are among those timid people you state in your works. Every one of them are streaming ahead, anticipating that they could arrive at the end from the street. Our company could lose every little thing food catering to big businesses that just appreciate earning money quick and also robbing customers. Street harassment disproportionately impacts girls, people of colour, LGBTQ individuals, and young people. It is important for dogs to be stayed out from the gardens of next-door neighbors and off the road. If, for simpleness's sake, our team suppose that the Stock market consensus is right, our company can easily expect EPS to find in at $0.69 vs. the anticipated -$ 0.01. These form of effortless Stand out a damage style devices are developed for minor nick and also piece steel press ins. Simply puts, in the course of a market accident, even the magnificent Main Street Funds can easily come under a liquidity snare where it cannot elevate equity growth resources without thinning down and damaging investor worth.
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Bitcoin Was Supposed To Change The World. What Happened?
Bitwala, a Bitcoin-primarily based remittance app, shared some user statistics in its weblog post yesterday in which we are able to see that Bitcoin is turning into more and more in style in certain developing international locations. These worth steady crypto currencies all the time have one hundred% of their worth or extra backed by the BitShares core foreign money. Latency or 1-leg arbitrage software program compare prices on account with etalon quick feed, and predicts price movements and opens orders on gradual broker solely. Decentralized App, what purposes utilizing sensible contracts are known as in the Ethereum group. If a hedge fund dealer has one million dollars and wants to make a big Bitcoin buy, Bitcoin's going to go through the roof. Regulatory arbitrage may end up in parts of entire companies being unregulated as a result of the arbitrage. All due to arbitrage sellers, as soon as dismissed as shady middlemen, including grease to the wheels of worldwide ecommerce. One sort of software program program employed by arbitrage traders is automated buying and selling software program. This process and the cryptographic layering of the blocks makes the agreed blockchain irreversible and immutable. And the developer who was liable for making the releases was so afraid of battle that he decided any controversial topic wherein one facet would possibly win” simply couldn't be touched in any respect, and refused to get involved. It is a very advanced piece of equipment with over 180 completely different bookies feeding it. When you're an arbitrage geek, you may like it. The top can contain no matter you need, in this case its just a reference to our however different references or javascript information could be included. Delayed quotes: When a dealer's quotes momentarily diverge from the broader market, a trader can arbitrage these occasions. For those who need the Bitcoin system to proceed to develop and thrive, this is troubling Merchants can't depend on digital transactions that may take minutes or hours to validate. I've no enterprise relationship with any company whose inventory is talked about in this article. Then we've the Bitcoin Limitless chain, which incorporates the majority of hashing energy, however a minority of businesses concerned with legitimising the chain. A fork would generate two versions of the ledger, creating sensible issues, like coins that would vanish , and philosophical ones, like agreeing on which blockchain represents the one, true, bitcoin. Banx is leveraging the on-blockchain BitShares referral program which is open to everybody with out requring my permission and with out my skill to deny. The ABCWallet object represents a single BIP32 HD wallet in the user's Airbitz account. Our high decide is BinaryRobot365, which might make you an average of $a hundred profit per day from a $250 investment. In response to a latest report by Research and Markets, the blockchain expertise market is skyrocketing: it estimates that the market will develop from $210.2 million in 2016 to $2,312.5 million by 2021, at a Compound Annual Progress Rate (CAGR) of 61.5 p.c. Individuals say ‘let's try it and see what we will do.'” Ethereum builders are experimenting with a variety of alternative ways to improve the know-how, and profitable experiments are more likely to be incorporated into the core Ethereum software program. The same will occur with XT. If the XT software becomes the de facto software on the supermajority of computational energy, it's going to shortly outline the longest blockchain, and other nodes will either have to upgrade or surrender. Thus, Stross' prediction of one other unforeseen invention might very effectively be these sensible property applications and digital monetary devices which can be managed and transported by the exact same cryptoledgers he dreamt of burning. Whereas some mining pools and improvement groups criticized the Bitcoin Core workforce's late release of Segregated Witness, most of those individuals additionally fail to understand the sheer amount of testing and analysis that was put into its development. But, ever because the introduction of Bitcoin in early 2009, the Bitcoin Core workforce has managed to maintain around ninety percent of miner and neighborhood assist with revolutionary solutions and cautious improvement approach. Arbitrage within the sports market exists as a result of different businesses typically post totally different odds on the end result of a game. Stealth may even be an elementary feature in our different products similar to BlockPay, Echo and the Smartcoins Wallet. Instead of a course concerning the basics of the blockchain, the intention is to educate seasoned software engineers about crypto-forex, and supply them with the data for developing purposes. Ethereum JavaScript API - The API utilized by net functions to access the Ethereum blockchain. Thus, many people buy bitcoin for its investment value reasonably than as a medium of trade However their lack of assured worth and digital nature means the acquisition and use of bitcoins carries several inherent dangers. Each bitcoin tackle has an identical non-public key that permits bitcoins to be spent. Equally, if blockchain developers india isn't charged, it is finally canceled and any unused bitcoin is also returned the customer mechanically. Bitcoin with its substantial demand, increasing providers and its tens of millions of followers is the most superior cryptocurrency on this planet. Since Bitcoin's consensus algorithm makes it a winner-takes-all system, competing with Bitcoin Core is considerably more difficult than in most open supply initiatives. Of course, opinions differ, but most of our interviewees (76%) think about Bitcoin to be the most full resolution, and 30% — Ethereum to be essentially the most anticipated. Below is the record of music Automated Ebay Amazon Arbitrage Software Profit Spy Dropshipping Scraper you're looking. After promoting his treasured metals enterprise, Stephen based The Bitcoin Retailer as a approach to promote free market cash in in style culture. If we harness the facility of blockchain know-how, entrepreneurship could possibly be as simple as putting in a photo voltaic panel and directly selling power to neighbors on a decentralized energy grid. It was broadly feared, as well, that a severe disagreement among the many core developers would possibly additional destabilize public faith in Bitcoin. Others assume that it was Martii Malmi, a developer residing in Finland who has been concerned with bitcoin because the beginning, and developed its person interface. Bitcoin is just not a safety and I don't imagine it falls underneath those legal guidelines, but their spirit is simple enough: ensure investors are knowledgeable. While the primary individuals can be developers of Bitcoin Pockets applied sciences, anybody with a major curiosity in Bitcoin Wallet interoperability and Bitcoin usability is invited to attend. It could possibly considerably increase your arbitrage revenue, save you quite a lot of time, keep arbitrage buying and selling freed from unnecessary risks and make it extremely simple. Yet in many respects, they also create opportunities for the expansion of blockchain technology. Their exodus from the continent is representative of a broader mind-drain problem that Africa faces, as a few of its gifted, native blockchain developers move away to work in areas where blockchain technology is extra established. Just two years old, Bitcoin achieves parity with the U.S. Dollar on the Mt. Gox trade. A full list of donors to fund, together with projects (be it there is only one to date) could be discovered on their website here. CoinSpark makes extensive use of OP_RETURN outputs, which were added in Bitcoin Core zero.9 as the usual method for extra knowledge to be added to bitcoin transactions. We additionally updated our crew section to acknowledge that many (non-advisor) group members do not have verifiable identities, although as we noted , Pascal's Rubik's Cube document may be verified and lead developer Jordan Earls does have a GitHub account. They have, subsequently, began taking an interest in bitcoin with some even suggesting it may very well be used as a national foreign money to deal with the inflationary problem, but that seems unrealistic in the meanwhile. All of those options are available within the new version arbitrage softwareTrade Monitor three.7. As the latest effort to lift funds, this program is intended to be an quick access-level for corporations and different Bitcoin trade gamers to support Bitcoin Core developers and tasks. At any time when a breaking story surfaces, Bitcoin volatility increases, and traders money in. Historical past has shown that Bitcoin traders and speculators routinely push this digital currency to the forefront of CFD trading. Joakim has been within the bitcoin area since 2012 when he automated order handling for one of the first bitcoin resellers in Sweden. The core builders may eventually find it necessary to take issues into their own fingers. This course of is somewhat more complicated than it first sounds, as a result of you must make several adjustments to the source code and it's a must to recompile the program time and again, till you a valid genesis block on the finish. Returns the default obtain handle associated with your account and the amount obtained via the deal with. By working an alternate implementation, similar to Bitcoin Unlimited or Bitcoin Traditional, you might be casting a vote against the present growth workforce. One angle that Bitshares has typically lagged on has been wallet implementations and ease of use. If BitShares have been like Ethereum then it could have a programming language that would permit anybody so as to add new options without having to ask” permission of the stakeholders. As of April 2017, one bitcoin is value $1,223 - a substantial leap from late 2016, when it was around $770. Their remaining individuals must be course of and expertise specialists, and intervene when the automated system cannot do the job. Our platform comes equipped with liquidity ‘in-hand' that means that our partners' exchanges have access to a full order e-book from the moment their web site goes live. For a more detailed understanding see my article on BitShares as a Financial institution” or Lance Kasper's detailed article explaining how BitShares Market Pegged Assets function. I may (and did) spend some days on the seashore and earn a nice 7% return for the day. The Merkle is not answerable for any financial losses sustained while utilizing the software talked about below. Let the market sift out the enterprise fashions, best practices and the good and bad actors. An Oracle community can be utilized to implement a system for off-blockchain computations and (total or partial) contract code execution. Automated trading platforms enable merchants to reflect or copy the trades of others. When an Ethereum contract is created on the blockchain, it units up the preliminary state of its database. Alternatives to make use of conversion or reversal arbitrage are very limited, so once more you should not commit an excessive amount of time or resource to in search of them. This was a key level of SuredBits Co-Founder Chris Stewart's current suggestion on the Bitcoin improvement mailing checklist regarding a requirement of pseudonymity for brand new BIPs. Once your software has received an authorization code, it will possibly trade it for an API key. The code and blockchain nonetheless must be nurtured with programming and miners must contribute to the community. Tokens are used because the underlying property (i.e. the asset where the by-product contract derives its value). For some the monthly subscription of €129 might seem too much, however we consider that all features this software has justify the price. As regards to the dispute between Bitcoin Core and Bitcoin Traditional, Forde added that whereas the Digital Currency Initiative supported a range of thought in the Bitcoin area, this fund particularly permits the developers to work in a neutral setting where they can work on code and develop new ideas that could be controversial with the reassurance that they will not be fired for that diversity of thought. full article at this page to learn more details about this held a listening to which was (to the surprise of many) open to the lengthy-time period prospects of Bitcoin. Overstock, Tiger Direct, Newegg, Dell, and Microsoft all announced acceptance of Bitcoin. Apparently, the video additionally shows that, while it's potential to make use of bitcoin without involving any third get together, in practice, many users do rely on third-get together service suppliers to purchase, promote, retailer, or change bitcoin. I noticed the bitcoin markets moved too fast for me to compare two order books and execute a commerce. As one would come to anticipate, the BitShares platform comes with its personal native token/asset, known as BTS There is a total supply of 2,602,390,000 BTS in circulation proper now, a quantity that will not be modified in the foreseeable future.
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Arbitrage
Know who you're betting against. Be aware of how other people are trading.
Macro-investing:
Top-down approach Form views and predictions on large scale and global events in political and economic landscape
Strategy involves both long and short positions in various instruments.
Need to understand that Macro investors have a shit load of capital, hence they can swing the market based on their views so its important to understand their positions and views
Activist Investing (trending areas)
Buy large stakes in underperforming companies and try to get seats on the board with the goal of affecting major changes.
Profit comes from implementing changes that make the company more valuable. Changes can range from the dividend payout policy, cost cutting, divestment from particular projects, or even firing the CEO. Based on forcing the CEO into doing what they want to do. Make their positions clear. (buying over 5% of a company makes your trade public to everyone)
Cost cutting popular.
"Poison pill" a defense from Activist investors. Basically booby trapping an Activist investor. For example a clause that if you fire the CEO he gets a $75mil payout - very expensive. Basically disincentives to change the way the company is operating.
Price moves due to them buying capital but also the market reaction. What stops them from just buying in and out is their reputation. If they continue to pull shit people will catch on. SCC etc.
Creates volatility which is good.
Small Activist hedgefund in NZ? Market isn't really big enough but could work on a smaller scale.
Pure Arbitrage:
Takes advantage if pricing inefficiences across securities, currencies and its derivatives to make a guaranteed, risk free profit.
Funds use computers to rapidly identify and execute trades because arbitrage opportunities only last for fractions of a second. (ETF?)
Example:
Stock XYZ listed on NYSE at US$100 and on the TSX at CA$130
Exchange rate is $US! - CA$1.31
XYZ should theoretically be $CA131
Therefore make instant $1 profit by buying XYZ from TSX for CA$130, selling on NYSE for US$100, then converting the US$100 into CA$131
People who win have the fastest computers and best algorithms. Don't need to worry about it as an equity investors.
Statistical Arbitrage:
Makes an expected profit Risk arbitrage carries some degree of risk and profits are made when the price converges to the theoretical price.
Far more opportunities to find.
Fundamental Long Only: (Buffet) Buy when underpriced and sells when they are overpriced. Doesn't use short selling Makes decisions by placing bets on market expectations, also use leverage, derivatives and alternative assets. (2:1, 3:1 leverage)
Fundamental Long/Short Equity: Similar to fundamental long but also allows for the use of short selling
Many of these funds focus on equities.
Allows for hedging, can have an overall bear view or bull view.
Most have a net exposure of 30%. 200-300% leverage.
High Frequency Trading: Automated trading using powerful computers that use quantitative models to identify opportunities and transact a large number of trades at extremely high speeds.
Positions are held for very short periods on time.
Relies on receiving and processing information faster than anyone else.
Profits come from:
Pure Arbitrage and statistical arbitrage
News-based trading
Latency arbitrage.
Special Situations (Event-driven trading)
Announcement of news with an uncertain probability of a particular result, differences can appear between the market's expectations and reality.
You want to adjust your positions as the market starts adjusting to your bet.
Merger Arbitrage: Type of special situation where the fund manager believes the probability of an M&A deal going through, or the probability of a higher counteroffer price announcement by the acquirer, is different to what the market expects.
Fund of Funds: Invest in other funds and ETF's. Investing in managers. Not that great unless you have a large sum of capital Highly diversified but suffer from two layers of management and performance fees.
Active Strategy fund of funds:
Makes macroeconomic bets by shifting funds into geography or industry specific funds. Actively shifts funds around between different hedgefunds etc.
Passive strategy
Creates an efficient portfolio across asset classes to maximize return for a given level of risk, rebalancing the portfolio routinely
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Latency Arbitrage Uses Predatory Computer Algorithms
Latency arbitrage occurs when one party exploits a time disparity and earns a profit, typically with a computer algorithm, when that trade is executed solely due to a latency advantage. Latency arbitrage has caused several heated discussions amongst all market participants, the government law makers and the SEC for many years now, yet this unfair access to US equity markets is still the core strategy of many predatory trading firms.
An arbitrage occurs when a simultaneous purchase and sale of a stock is executed by a computer algorithm, and earns a profit based on a price difference. Latency describes the time difference that firms receives the same publicly traded stock information compared to other one another, not all firms receive the same information at the exact same time. Thus, a latency arbitrage happens when a firm earns a profit from the purchase and sale of stock when that transaction was executed because of a latency advantage.
Firms pay large premiums to co-locate their equipment right next to an exchange’s servers, and pay a steep price for premium data feeds, all to reduce their latency. Cutting edge technology with the purchase of raw data feeds, combined with a reduced latency, allows these firms to see the NBBO substantially quicker than what is publicly available through the Securities Information Processor, (SIP).
Let’s say that a firm issues a buy order to pay the midpoint of the NBBO (the National Best Bid and Offer) for stock XYZ, and the current market for XYZ is $10.10 x $10.11. Their bid will be at $10.105. Predatory HFT firms, using faster data feeds and co-location to reduce the transmission times, may see that the $10.10 bid is now gone and the market is now $10.09 x $10.10. However, the NBBO has not changed yet, since the SIP is slower than the HFT firms, so that midpoint order is still resting at $10.105. For the HFT firm, it is simply a matter of selling at $10.105, and immediately buying back at $10.10, making a half penny.
While the half penny earned may seem miniscule, keep in mind that their computers are doing this all day long, and with the sheer volume of trades all those pennies add up to billions of dollars. Billions of dollars that is essentially skimmed off the top of your college savings, the average middle class retirement fund, and hard earned investments.
Add the fact that the offending firm performing the latency arbitrage assumed absolutely no risk whatsoever. By seeing the true market before the rest of the world adjusts their orders, they know that their trade is a pretty sure bet. All due to a speed, or latency, advantage.
This is extremely frustrating for the firm placing the original order as they are trying to get a fair price in the middle of the spread. At the time of execution, however, they end up paying beyond the best offers in the market.
Another scenario arises due to the multiple venues available. Various dark pools in addition to the national exchanges, can each have liquidity available, but as you go through collecting that liquidity, HFT firms can front run your order. Assume the same firm above was attempting to buy 5000 at $10.11, and the NBBO showed that quantity available at that price. But as the firm begins to send orders to various venues to purchase that amount, HFT firms see that activity, and jump ahead of the order to take it all at $10.11. The original firm may only get a few hundred shares, instead of the 5000 they saw when they placed the order. Now they are required to pay $10.12 if they want to buy the balance.
A trader gets whiplash from this ‘now you see it, now you don’t’ scenario. Just by placing the order, they alert the HFT’s of their intention, and can plan on closing at the higher price, unless they find a way to play in the latency game.
Great Point Capital has been serving the trading community since 2001 and our 100+ prop traders actively trade the firm’s capital, specializing in equities and equity options. We are headquartered in Chicago with a location in Austin, TX. Contact Great Point Capital LLC today, in either our Chicago Office, or our Austin Office, to learn more about how we can successfully trade together with high performance results. We are one of the very few firms able to offer access to Takion Software Platform, enhancing your online equity trading performance.
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The Base Code Featured in Fortune Predicting Ethereum’s Explosive Price
Fountainhead News: Mar 17, 2017
Note: we’re opening up the Fountainhead News today to all subscribers of Humanizing Tech because Happy St Patrick’s day. In today’s episode, a little green goes a long way.
We started The Base Code as our own open-source personal hedge fund so anyone with an extra $50 or more per paycheck could participate in the strategies, and returns, employed by the big boy Hedge Funds.
And because you have less capital, it means it’s easier to make a return, and make a trade without moving the market.
You might have missed it a week ago, but The Base Code was featured in Fortune.
In it we described to Jen, the reporter, our go forward investing strategy that we had not yet written about in the pages of Humanizing Tech. I’ll repeat it here for perpetuity.
Or consider the strategy of Sean Everett, an entrepreneur specializing in artificial intelligence who recently launched a very small hedge fund called the Base Code fund. Last week, Everett sold all of his stocks in the fund as well as in his personal accounts, including Apple (AAPL, +0.16%), Nvidia (NVDA, +1.33%) and Amazon (AMZN, +0.05%) stock.
Instead, Everett says he will invest a third of his assets directly in Bitcoin, a third in Ethereum (another type of cryptocurrency that is cheaper than Bitcoin but has surged even more recently), and keep the rest in cash. “ Now that gold is the same price as bitcoin, we believe that an investor will have a choice between the two and might end up choosing things like crypto during the next market downturn,” Everett says.
Since that time, Ethereum’s price has jumped over 3x, from around $18 to it’s peak of $56 last night. It’s about $47 as of the time of this writing.
The question you might be asking yourself is why? My gut says it has a little something to do with the Fed raising interest rates and people, again, getting more exposure to this alternative investment class.
The thing that we like about Ethereum is that it’s first and foremost not controlled by a central government or authority (i.e., decentralized) as much as possible, and that you’re actually investing in a startup. Much like the Apple App Store, the more developers who build on top of Ethereum, the more valuable it becomes. Even JP Morgan Chase is doing it.
Time will tell, of course, but we are bullish.
But from an investor standpoint, it means you might start seeing hockey stick style returns from the “stock market” because you can invest in a startup with its value tied to its ecosystem moment by moment. That also operates as a currency to pay for things.
Bonus.
Another question might be how you can arbitrage prices so you remove the so-called riskiness of this new asset class.
A fun little open-source library was talked about briefly yesterday on Hacker News. It’s called Blackbird and it’s an open-source code base that arbitrages the price inefficiences in Bitcoin between one exchange and another. It’s already up to 700 stars and 14 contributors with upwards of over 200 commits.
It’s another way to make money in the short term from cryptocurrency. But you’re not getting into the world of algorithmic trading, where speed matters more than knowledge. That’s something Biologic Intelligence is great at. Lots of different types of data input, make sense of it in real-time, and push a trade out the other side.
Low Latency + New Biologic Algo = Alpha.
— Sean
The Base Code Featured in Fortune Predicting Ethereum’s Explosive Price was originally published in Humanizing Tech on Medium, where people are continuing the conversation by highlighting and responding to this story.
from Stories by Sean Everett on Medium http://ift.tt/2mXlDnl
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