On: Money Machines – An Interview with an Anonymous Algorithmic Trader

[lordnacho]

Gone in a month? That sounds crazy fast. I'm an algo trading guy myself, and I can't imagine being up and running within a month of starting.

You have to code:

- Feed handlers

- Back office

- Research platform

- Strategy execution

- GUI

You need to have:

- PB agreements

- Network access (telco the world over suck as doing this in a reasonable time)

- Exchange memberships / ISDAs (depends what you're up to)

I guess you could have spun out from a larger group with some of this stuff, but then you'd probably not crash and burn that fast.

I do agree with the sentiment that fast talkers get more money than they can handle.

[osrec → lordnacho]

There are a lot of firms that can get you up and running in a few weeks. They sell generic hedge fund formation packages, which give you all the tech/PB access. It's very rudimentary, but a lot of people do seem to opt for them, especially those that don't know what they're doing.