- The Big Picture - http://www.ritholtz.com/blog -
Does Tradebot Have a Perfect Trading Record?
Posted By Barry Ritholtz On May 18, 2010 @ 10:36 am In Quantitative,Trading | Comments Disabled
I have no idea if the following boast is true, but, how is this algo driven trading performance remotely possible ?:
“The founder of Tradebot, in Kansas City, Mo., told students in 2008 that his firm typically held stocks for 11 seconds. Tradebot, one of the biggest high-frequency traders around, had not had a losing day in four years, he said.
11 second average holding time, and never a losing day in 4 years? Sounds like bullshit to me . . .
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2010/05/does-tradebot-have-a-perfect-trading-record/
URLs in this post:
 NY Times: http://www.nytimes.com/2010/05/17/business/17trade.html
 FT: http://ftalphaville.ft.com/blog/2010/05/17/233506/tradebot-shows-goldman-what-minting-money-really-looks-like/
Copyright © 2008 The Big Picture. All rights reserved.