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Comments:
<0> some other exchange
<1> and it momentum trades
<2> and work for goldman sachs
<0> A some
<1> of a tick based data feed
<3> martin`: few hundred hm.. can you direct me to any?
<1> and just makes me a lil money at a time betting on "sure thing" momentum adjustments
<2> kerm|t, yes.. look at local bankruptcy records
<2> I'm sure you'll find a few there
<2> :)
<1> well its just a side project
<1> i want an electronic pet
<1> an di'd like it to fetch me money
<3> box_: where would you get the feed? IB?
<2> phusniknn, arpigelligo.. spelling might not be correct
<0> martin`, yeah got it
<1> dunno havent found the best prices on realtime data feeds yet
<0> i have an interview with a Hedge fund next week
<1> been just working off eoddata so far for analysis purposes
<0> and i'm cramming everything I could possibly know about financials
<2> phusniknn, lol.. what position?
<1> once the neural net has properly weighted the relevance of the factor list, i'll start applying more frequent data updates
<0> martin`, engineering
<0> but they require you have finance experience
<2> interesting
<0> which I dont really have much lol
<2> you in nyc/
<2> or conneticut
<0> nyc
<2> me too
<2> who are you interviewing with/
<0> I currently work for FX trading company now, and hopefully ill get this position at this hedge fund
<0> alot smaller and they are doing tons of analytical and stats trading
<2> right
<2> I dont know about job security at hedge funds
<2> I would stick with the fx firm
<0> everyone has been telling me that
<4> what kind of hedge fund
<4> i work for a hedge fund
<0> they dont even have a website
<0> so i dont know much about them
<4> do you know their strategy
<4> do you know anything about them at all
<4> whats the name of the fund
<4> o
<4> ?
<0> 1sec
<4> ok
<0> pulling it up
<4> ok
<0> this is from a friend who knows the company
<0> they engage in mostly statistical and index arb type of trades, quit active, pretty big, not huge, but they do quite well. Very smart group of guys, I would say. Since they don't take in outside money, they have no need to be known, and would only be known in the professional trading firm circuits.
<5> how can I tax shelter money made from MMAs?
<4> do you know the name of the fund
<0> Intrade
<0> every heard of them ?
<5> no
<0> good lol :-)
<0> i've found few articles about them nothing major mostly about technology partnerships and such
<0> I want to one day build a trading network from scratch and learn all the ins and outs and engineering problems, and hopefully one day take bloomberg, and reuters :-)
<6> :o)
<6> ;~)
<6> hedgie
<6> sup
<7> i want to open my own mutual fund company
<7> Anus funds
<6> whatcha got for me
<7> like janus but without the j
<0> hedgie so what exactly do you do for the fund you work for
<4> research analyst / junior portfolio manager
<4> we are primarily long/short equity
<0> ahh nice
<4> minimal use of derivatives
<4> we focus on particular sectors in the markets
<4> globally
<0> i'm a bit worried about joining a hedge fund though not sure if they really last that long
<4> depends
<0> most seem to stay around as long as they stay profitable, one bad move the company usually folds
<4> perhaps
<4> if they are taking on alot of risk
<4> in their strategy
<4> the fund i work for, is closer to a traditional ***et manager
<4> we have built a strong infrastructure to grow a strong business
<4> a lot of hedge funds just have two guys in a tiny office
<4> with 2 bloombergs
<4> it also depends what kind of ***ets they manage
<4> 95% of newer hedge funds
<4> have 95% fund of funds money
<4> which is the worst kind of $ to have
<4> because they try to run your business and tell you how you should run your $
<0> yeah the founding manager is a key investor
<4> and if you have a bad month
<4> they want their $ back
<4> yeah well beyond that, it is important to get more ***ets
<4> from individuals
<4> institutions
<4> endowments
<0> what's the big difference between a hedge fund and a prop firm ?
<0> i know these guys are well off they have seats at all the big exchagnes NYSE, CBOE, CME, NYMEX according to what I heard
<4> all the types of firms i know of that call themselves "prop firms"
<4> are like quants
<4> who do a lot of program trading
<4> and end up out of business
<4> in 2 years
<6> hedgie
<4> im not exactly sure what you would call a prop firm
<6> did you jump off crown cork and seal
<4> i mean doesnt it just stand for proprietary firm
<4> like their trading is "proprietary"
<0> yeah well they usually trade their own money
<4> ok
<0> and not take outside investments
<4> i see
<4> well thats fine if you have a large amount of wealth
<4> otherwise.. im not sure its a good business model
<4> JJ: I am still bullish on cck
<4> depsite the recent pull-back in price
<4> the fundamentals have not changed
<4> in fact I a more confident they are going to have a great year
<4> particularly 2Q & 3Q
<0> hedgie you know much about trading networks?
<4> their seasonally strongest quarters
<4> trading network
<4> not sure what that means
<4> like instinet
<4> or some other box like that
<4> im not a quant stat arb trader
<5> how can I tax shelter money made from MMAs?
<4> give to me
<0> Hedgie no ment more on the IT side
<0> take for example this diagram
<0> http://rodrickbrown.com/docs/images/TickerPlan_Diagram.jpg
<8> Tiny URL: http://tinyurl.com/m4ehj (URL by phusniknn)
<0> you know what feed handlers do ?
<0> and what's a ticket planet output network
<0> is that something provided by say bloomberg/reuters ?
<9> is that just an image without any explanation or are you looking at buying someting phusniknn
<9> if it's an OS program you can probably check out the documentation
<9> regardless anyways
<0> ?
<0> i asked if anyone knew what a ticket plant output network is
<5> Do any of you know what tax sheltering is?
<3> a muni bond is a tax shelter
<3> i think
<3> its for ppl with tons of earned income usually
<3> high tax bracket folks
<3> 6% tax free means like 8% to them but really still only means 6% to me cuz i stay out of the high brackets
<5> well my mom gets about 20k a year in interest from money market accounts
<3> a big mortgage is a good 'tax shelter' if im using the term right
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