>>14089365HFT is cornered by trading firms and a few family offices. I worked at a smaller trading firm and it got eaten up by a big one. Massive consolidation has been going on in the industry over the past 10 years, and HFT is basically over for anyone who isn't at a big firm now. The barriers to entry are absurdly high.
>>14089367Non-HFT is anything not HFT. Depends on who you talk to. For me this means (a) strategy doesn't utilize specialized hardware like an FPGA or ASIC, and (b) strategy takes more than 1ms from receiving an update to placing a trade. For professional quant traders not in HFT, they're generally in "mid-frequency" strategies, which have holding times on the order of several milliseconds up to about a week, with most probably being somewhere from 15 to 120 minutes. There's a lot of heterogeneity in this range. These strategies have more capacity than HFT. It's where all the big firms are headed now. It's absolutely not shit they give to interns. These strategies are lucrative and hard to design, and usually employ some alternative data or some stats/ML techniques. But mostly, ime, they require a lot of careful data cleaning lol. No professional firms trade penny stocks afaik.
This HumbleBundle thing is bloated. Here's a mostly complete course if you're starting from knowing basic calculus. Feel free to skip the first N if you feel comfortable w those topics.
0) How to Solve It by Polya
1) Multivariable Mathematics by Shifrin
2) Linear Algebra With Applications by Strang (duplicates part of #1)
3) Working Analysis by Cooper
4) Introduction to Probability by Grinstead and Snell
5) Convex Optimization by Boyd and Vandenberghe
6) Elements of Statistical Learning by Hastie et al
7) Trading and Exchanges by Harris
8) Python for Finance by Hilpisch
If you have trouble with any of these, just take a related course at
ocw.mit.edu or search course videos on youtube. Also, read Bloomberg daily. And try to specialize/build your own approach/algo.
