Hi Amazon is entering HFT space. I guess elite trading firms like Jane Street, Citadel, Two Sigma, Hudson River Trading etc, will no longer hire Infrastructure and SRE engineers. https://www.bloomberg.com/news/articles/2021-11-30/amazon-cloud-will-power-nasdaq-u-s-options-market-next-year TC: 265k YOE:8.5 #citadel #citadelsecurities #amazon #faang #hudsonrivertrading #janestreet #twosigma #jumptrading #facebook #google #salesforce #netflix #goldmansachs #citadeloffer #finance #stockmarket #new york
Nasdaq is just one exchange. Don’t forget about dark pools and other exchanges. Still plenty of opportunities for arbitrage. This actually has no impact on HFT, they were always operating outside nasdaq
What’s your point? HFT firms setup their infra for hitting the exchange floor fastest. Nasdaq is moving AWS mainly operating out of NJ data center. How does it change the game?
+1. Op has no clue, just jealous of TC numbers he overheard somewhere
I’m curious why Amazon is going this path, I would imagine that the infra in HFT companies is extremely fine tuned already and AWS being a generalized solution will have a tough time being better? I could be wrong though I don’t know much about this area
Waiting for google cloud to copy something like this 😆😂
I’m pretty sure GCP has bigger problems to deal with in the existing cloud market
That article doesn't have enough details to understand what is going on. The whole point of AWS is massive scale achieved by commingling disjoint workloads. In this case, it's a "private cloud" just running on servers they already own in their own data center. Not sure how that is really any different than what they were doing before, unless they're just outsourcing all of their data center management to amazon. In which case, it doesn't really affect HFT firms since none of them own data centers, only the exchanges do (and I believe even most exchanges outsource this to providers like equinix).
Nasdaq is buying a computer or two from Amazon. The HFT people still need their own computer to communicate with this computer. Odds are quite good they will still employ people to set that up.
What if HFTs move their infra in AWS? They can offer private cloud to each finance firm like they do to Apple or CIA
Goldman is doing it moving forward
Cool. If every finance firm move infra into aws, then they would fire pretty less Infra/sre engineers
Unless all matching engines are moved to cloud but technically it is almost impossible and maybe unwise to do so
There's loads of infrastructure engineering roles that operate entirely on public clouds. Even if Amazon provides the server infrastructure there's still the whole distributed runtime infrastructure running on top of it all that needs to be effectively architected, optimized, managed, scaled, maintained, etc that's well within the scope of SREs. Sure, there's not going to be the bare metal monitoring and physical machine management but it's just a different kind of beast. Just a quick search of SRE job postings will show that a good portion of them are for engineering the company's software infrastructure inside AWS.
Gg. Those infra boys were 2nd class employees of their company
But those infra guys with 5 YOE were getting paid like $600k-$800k at HRT and Jane Street