This is a good question! Some possible answers - 1. Infrastructure that is too expensive or too hard to build yourself (eg colocation, low latency data feeds, compute clusters, fpgas) 2. Data that is too expensive or simply impossible to buy (eg historical tick data)https://twitter.com/mobile_mm/status/1373427747901542402 …
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Interesting. Feel like if you knew my trades could back out my process no?
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Unless you know the data sources being used I think this is surprisingly hard! Especially if some trades are hedges for positions that are alpha-generating.
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IMO it’s a very good sign when a trader wants to keep their IP as it shows they think there is genuine value in what they have created, they’re not just swinging the bat.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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