Hacker Read

wpietri · 2020-05-08 20:15:01+00:00

Thanks! Maybe the market maker I worked for was atypical. We definitely had opinions on where the market was going and made good money from that, especially in times of high volatility.

neophrenAI | karma 1 | avg karma 0.33 · | 2023-11-11 15:59:45

Thank you. Definitely an interesting market.

devin | karma 1981 | avg karma 2.75 · | 2019-10-29 05:00:51+00:00

Thanks! Did you just outgoogle me, or might you have anything interesting to share about the market?

swyx | karma 19447 | avg karma 4.18 · | 2023-01-03 02:30:25

great market insight. thank you!

trzy | karma 431 | avg karma 3.53 · | 2023-02-04 02:15:49

I also worked in the space, with Morgan Stanley’s options market making desk. It was all very sane. I’ve heard some of the prop shops and hedge funds can be crazy but not all are like that.

sanswork | karma 3708 | avg karma 2.15 · | 2017-04-20 03:44:47+00:00

When you say you had a pretty good look at the market what do you mean?

I-M-S | karma 1711 | avg karma 6.27 · | 2022-09-26 07:52:13

I'll admit I thought this was the kind of thing that impressed the markets? (or at least the people who make the market turn the way it does)

X4 | karma 2887 | avg karma 2.39 · | 2013-09-18 22:16:08+00:00

Thank you! I am curious about the trade-market too

k-mcgrady | karma 15276 | avg karma 3.37 · | 2014-06-16 19:29:55+00:00

Good to hear the perspective of someone who's been in both markets.

MrAwesome | karma 158 | avg karma 6.58 · | 2022-11-20 12:07:22

Yeah! By the end of my time on the team, checking the news when I saw a rapid change in traffic was second nature. And later on in my career becoming interested in markets, even more so. Forex in particular - markets with trillions in daily liquidity don't take huge leaps unless something huge happened.

wake_up_sticky | karma 270 | avg karma 6.14 · | 2010-09-18 13:48:24+00:00

This IS the market working.

Rapzid | karma 5572 | avg karma 1.75 · | 2021-06-02 21:50:50

That's great. Man, always felt for those SO employees high on "market rate" spiel.

dTal | karma 17131 | avg karma 2.88 · | 2021-04-26 15:44:46+00:00

I have to say I am very impressed by your moral compass's sense of market timing!

loandbehold | karma 347 | avg karma 2.02 · | 2023-01-03 00:13:54

Congratulations on finding market fit.

jackgavigan | karma 10367 | avg karma 5.51 · | 2012-09-21 10:25:10

There are still human market makers on the NYSE and some argue that their presence in that market makes it more stable.

NHQ | karma 229 | avg karma 0.57 · | 2011-12-13 18:36:54

Yes! This article just raised my market value by giving me new insight into the market.

robertlagrant | karma 11405 | avg karma 1.41 · | 2023-06-15 11:41:32

I remember being surprised at it going very well at the time. I don't know if that was accurate, but I can imagine not having the public markets constantly pressuring to be a big benefit.

deepkut | karma 133 | avg karma 1.12 · | 2012-02-29 13:16:17

This market sounds horizontal, but it sounds like they're managing it well. Excited to see how this pans out.

baud147258 | karma 3685 | avg karma 1.46 · | 2020-04-09 12:35:14

I had an internship in an investment company, the devs were in the same open space as the traders… At least it calmed down once the market were closed.

wyager | karma 8769 | avg karma 1.68 · | 2016-07-05 13:55:56+00:00

It's incredible how efficient the market is these days. Great article.