[Beowulf] Pricing and Trading Networks: Down is Up, Left is Right
diep at xs4all.nl
Sat Feb 18 03:36:03 EST 2012
Out of interest if i google:
"Joachim Worringen is a software architect at Dolphin Interconnect "
That's what you did do before moving to keeping a few guys busy in
your prop shop?
On Feb 18, 2012, at 12:39 AM, Joachim Worringen wrote:
> I haven't read all zillion lines of your posts, but as I'm heading
> software engineering of a very successful "prop shop" (proprietary
> trading company), I might add some real-world comments:
> - Execution speed is important, but it's not everything. Only the
> simplest strategies purely rely on speed for success.
> - Even more important than execution speed is time-to-market. It's of
> no use to have the superfast thing ready when the market has moved
> into a different direction nine months ago.
> - Equally important is reliability and maintainability.
> Our inhouse development is based on C++, but we make very good money
> with Java-based third-party solutions as well.
> FPGAs are not the silver-bullet-solution either. Finding people to
> program them is hard, development is complex and takes time, verifying
> them takes even more, and is required for every little change. Think
> about time-to-market. Therefore, they are mainly used in limited
> scenarios (risk-checks), or are used with high-level-compiler support,
> giving away significant fraction of the potential performance.
> Oh, btw, we are always looking for bright, but also socially compliant
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