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Comment: Re:Remind me,,, (Score 1) 327

The corporations have to pay higher salaries so people have the same take home pay

Not sure what fantasy world you live in. Corporations are under no such obligation to make take home pay constant. Most people I know do not get cost of living increases on a regular basis. So, inflation adjusted, and factoring in increased taxes (the norm in the US lately), most people I know are making less money each and every year.

Comment: Re:We are the 30% (Score 1) 724

by pyite (#42260493) Attached to: Microsoft To Apple: Don't Take Your Normal 30% Cut of Office For iOS

And I can't afford $99 a year for free apps that I code once and forget about.

Then don't write them. Free [as in beer] software that is not open source is the worst of both worlds.

I'd rather pay for a decent app than get it for free.

A good developer's time is worth more than $99/hour, so the $99 fee per year is really inconsequential in the long run.

Comment: Re:Lines will be short (Score 1) 1052

by pyite (#41317865) Attached to: Apple Announces iPhone 5

Now, they'll ask for a ban of the device and people who will preorder will take the risk of waiting for ages before having their brand new phone...

Doubtful. The stock shows no sign of this worry. And I find it extremely unlikely that a US court is going to bow to a Korean company to ban a product in the US. There is little to gain for a judge in that position. Justice is not blind.

Comment: Re:I find this depressing (Score 1) 275

by pyite (#40888921) Attached to: Neutrino-Powered Financial Trading In Our Future?

IMO HFT also "steals" a lot of top scientific and engineering talent from fields that _are_ socially useful The result is, these great minds aren't researching anything but how to pick other people's pockets.

Besides the fact that high frequency trading adds liquidity to markets that might otherwise be illiquid (and thus overall creates more efficient markets), quantitative trading has pushed the boundaries of the high performance computing market for the last few years, and continues to do so.

Network and compute companies are making better products, in part, because of a demand created for them within the financial industry.

Comment: Re:Who needs fast data rates? (Score 2) 275

by pyite (#40888895) Attached to: Neutrino-Powered Financial Trading In Our Future?

Of course the real question is why you'd be trading in Hong Kong from the US when you can co-locate your servers in Hong Kong and run your trading algorithms there.

The strategy your parent is alluding to is a straight up latency arbitrage where you trade instrument X in market Z based on you getting information from market Y before anyone else.

Comment: Some examples (Score 2) 265

by pyite (#40434647) Attached to: Teaching Natural Sciences To Social Science Students?

Stephen Greenfield, the best professor I ever had, happened to be one who mainly taught undergraduate math to math, physics, and engineering students and graduate math. However, he had a passion for teaching unlike I'd ever seen and he worked on a course at Rutgers to teach math to non-sciency types.

The last paragraph on this page has a description of the course.

The course diary has tons of material in it.

If you browse Stephen Greenfield's homepage, you'll find a wealth of teaching that might be able to be applied. He's since retired, but his page is still up, so make use of it!

Comment: Re:HP Microserver (Score 1) 355

by pyite (#38509696) Attached to: Ask Slashdot: Best Kit For a Home Media Server?


I applaud your desire to maintain integrity, but if something goes bad, you have to manually restore it. I, too, keep MD5 or SHA hashes of important stuff, but I rely on ZFS and 'scrubbing' for verifying integrity. The benefit is if a bit does flip, it will be corrected, and I will be told.

You should consider it.

Comment: Re:Yay (Score -1, Troll) 218

by pyite (#38197720) Attached to: CyanogenMod 9 Working On the Nexus S

You know, someone could write an allegory about the desire for the geeks to have the consumer appliance "du jour" run an unadulterated Linux distribution. Call the appliance a toaster for all I care. It doesn't matter, because the story is always the same.

10 years ago we wanted some fancy hard drive based MP3 player to run our favorite distro. Now, it's phones. The cycle repeats.

The reason that the geeks will perpetually never be satisfied? We meet women*, we fall in love, we get married, we buy a house, etc.

At some point, you say, "I just want a damned insert name of appliance that works." And hence, Apple.

Fight it all you want, but mark my words.

* - Hopefully.

Comment: Re:Set the exchanges to a clock. (Score 1) 339

by pyite (#37103036) Attached to: How Linux Mastered Wall Street

Better idea - add a low fixed tax on any stock trade, regardless of value or size. Just a $0.01 per transaction would make HFT extremely costly- if you're executing millions of trades per second, that quickly brings you up to billions of dollars per trading day. HFT can't be that profitable. Yet it wouldn't really affect people making actual investments - ones where you actually investigate the company to make sure it knows how to earn a profit.

Yea, what a horrible idea. You'll realize how bad an idea that is when you want to go unload your "investment" and no one wants to buy it.

Liquidity comes at a price. Those who provide liquidity take on risk. It's a generally accepted practice to pay people for taking on risk (see, for example, interest rates).

Come back when you understand how markets work.

Comment: Re:from an HFT developer's view (Score 1) 791

by pyite (#36937168) Attached to: How and Why Wall Street Programmers Earn Top Salaries



Comment: Re:I am an HFT programmer (Score 2) 791

by pyite (#36937120) Attached to: How and Why Wall Street Programmers Earn Top Salaries



See, for example, Spread Networks who made a lot of money by digging a really straight trench from Chicago to New Jersey in order to get CME data to the NJ metro area as fast as possible.
