Wed, 30 December 2015
This week I interviewed a short-term Bitcoin trader, who goes by the alias of BTCVIX.
As you can imagine, this episode is a little different – this is an area (or should I say, a market) we haven’t yet explored on the podcast, in past interviews.
With that being said, I found this discussion to be really interesting and I’m certain you will also. Some of the topics we spoke about include:
But that’s just a quick sample of topics ahead – hit the ‘play’ button to learn more about the realm of cryptocurrencies.
Direct download: 053__BTCVIX__The_Wild_West_of_Trading_inside_the_realm_of_Bitcoin_speculation.mp3
Category:trading -- posted at: 7:08pm EST
Wed, 23 December 2015
This week I had the great pleasure of speaking with Dr Ernest Chan, from Toronto (Canada).
While many traders in the quantitative arena will already be familiar with Ernie, here’s a brief intro…
You could say, Ernie had somewhat of an unconventional introduction to trading – he started out on a research team at IBM, using machine learning and artificial intelligence techniques, teaching computers to understand human languages – before joining a prop trading group.
Today, Ernie has upwards of 15 years applying similar techniques to the domain of finance and trading – working with multiple prop firms and hedge funds across his career. And currently, Ernie is the managing member of QTS Capital Management.
Just to top it off, Ernie has written two books ‘Quantitative Trading’ and ‘Algorithmic Trading’, and also regularly speaks at conferences.
Some of the topics we cover during this episode are; diversification, capital allocation, generating strategy ideas, back-testing and a much more.
Direct download: 052__Ernie_Chan__How_quant_strategies_are_created_scrutinized_and_introduced_to_the_market.mp3
Category:trading -- posted at: 6:15pm EST
Wed, 16 December 2015
051: Bryce Edwards – Tracking ‘stocks in play’ and acting on order book activity – intraday momentum
I have a brilliant guest on the show this week who I can almost guarantee you’ve never heard of, he generally likes to fly under the radar, but thankfully for us he did agree to an interview – his name is Bryce Edwards.
Bryce is an Australian equities trader, he takes a discretionary approach, making his money from intraday price movements and goes home flat at the end of each day.
During the interview we walk through the 10+ years in the build up to Bryce becoming a profitable trader – he’s got an interesting story, and you may discover it’s quite relatable to your own situation.
We also talk about how the order book plays a key role in his trading decisions, and how he creates a ‘stocks in play’ watchlist using catalysts such as; company news, underlying commodity prices and broker upgrades and downgrades.
Direct download: 051__Bryce_Edwards__Tracking__stocks_in_play__and_acting_on_order_book_activity__intraday_momentum.mp3
Category:trading -- posted at: 5:38pm EST
Wed, 9 December 2015
You may recall for episode 25 I invited Zach Hurwitz back onto the podcast (after being a featured guest on episode 011), to grill me about my own trading progress – well we’re another 25 episodes on now, so I thought it’d be a good point to check in with you and give another update on how I’m tracking…
To do this, Zach joins me again for the big 5-0 – and you’ll find the first part is mostly Zach asking questions for me to answer, then we switch it up, and during the later part I fire questions at Zach to answer. And we dive into a bunch of great topics (many listed below).
Just to add on this – pretty much every question asked during this episode has been crowd-sourced, so if you contributed a question last week, then there’s a good chance you’ll hear it asked at some point.
Two things you should know:
Direct download: 050__Aaron_Fifield__Zach_Hurwitz_speaks_with_Aaron_about_his_development_as_a_trader_Pt._2.mp3
Category:trading -- posted at: 5:12pm EST
Wed, 2 December 2015
049: Haim Bodek – Exposing the ‘cheats’ on Wall Street, with HFT whistle-blower & market structure mastermind
There’s a very special guest on the podcast this week, who I’m excited to introduce…
His name is Haim Bodek, although some refer to him as ‘The Algo Arms Dealer’ (and I totally understand why).
Haim began his trading career at Hull Trading, a prestigious firm well known for driving forward innovation in the domain of automated trading. Following Hull, Haim then went into significant roles at Goldman Sachs, and UBS – which are all discussed during the interview.
But to further set the scene, in 2007 Haim founded Trading Machines, a high frequency trading operation. At the peak, Trading Machines accounted for 0.5% of all options trading volume, with a team of 25 (one of who, was Bryan Wiener of EP 040).
All was well for a couple years until the beginning of 2009, when Trading Machines ran into issues and began to bleed money, for unknown reasons. Until Haim later discovered, at the root of the problem were secretive order types being used by a select few firms, giving them an unfair advantage to front-run the orders of other participants.
With this discovery, Haim went to the SEC to raise his concern about such order types – little did he know at the time, that this would be the beginning for one of the most sophisticated and complex investigations carried out by the SEC to date. So of course, we speak about all of this in much more detail during the interview.
And we also speak about another fascinating topic – which is, Payment for Order Flow. Haim shares with us what is really happening to your orders after you click the button to buy or sell – you might even be surprised to find out that a large majority of retail orders, never even make it to an exchange…
Direct download: 049__Haim_Bodek__Exposing_the__cheats__on_Wall_Street_with_HFT_whistle-blower__market_structure_mastermind.mp3
Category:trading -- posted at: 7:08pm EST