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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 . . .

NY Times [1] via FT [2]

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:

[1] NY Times: http://www.nytimes.com/2010/05/17/business/17trade.html

[2] FT: http://ftalphaville.ft.com/blog/2010/05/17/233506/tradebot-shows-goldman-what-minting-money-really-looks-like/

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