Are there any serious west coast shops? I have experience with arbitrage bots but no fancy Econ background. How hard is it to get into this industry?
Headlands tech is the only one. You need to get up at 4, you can't just show up when the market opens...Work starts before that. Very hard to get in, you need to be a pro at C++ and low level stuff.
Not worth it at this point. High frequency has been a tough business recently.
I disagree, my friends in HFT are still making fantastic money that's well beyond what FANG can pay, it's just not the old days a decade ago when people made millions a year easily. In a few years who knows, but I don't see anything wrong with grabbing some money while it's still around.
The industry is consolidating into an oligopoly with very high barriers to entry. Companies that can’t trade in the nanosecond space are left out, and those who can continue to rake in profits.
No, just no
Voleon
Most people would rather move to the east coast than wake up at 4am every day.
NYSE opens at 6:30am PST, doesn’t seem to bad. Do many other exchanges open at 7?
All traders I i know are in the office at 7. I’m always in the office well before market open... realistically 6am would be your start time, do up st 430/5 at the latest