If anyone wants to read about one of the ways you can get flip flop bugs like this i wrote about it a few months ago. Its basically really easy to do and one of the fastest ways you can incinerate and account. markrbest.github.io/position…

PSA: market cap cannot be realised.

If wages had kept pace with the economy, the average worker would be on $150k . Wages have fallen since the 1970s for 3 real reasons… 1. Technology has undermined the value of labour. Tech makes hard jobs easy. It outsources labour to cheaper countries. It completely replaces some jobs. 2. Governments print money and create cheap debt to stimulate the headline numbers of the economy. When they do it it’s an invisible tax on work and it inflates the value of anything that can be bought with debt (ie: houses but not wages). 3. We’ve massively increased the supply of labour. Both genders working full time doubled the supply of labour for many types of work. Then the ability to make work remote more than doubled it again. More supply equals lower prices. Until we address the real reasons why the value of labour is so low we can’t solve the real problem. It might feel good to blame “billionaires” for everything but it’s a waste of time and energy if they’re not the real cause of the problem.

Two yachts have run aground at Ballina and Byron Bay recently and are both still stuck there, but last night Markus Pache 📷 took this shot of the one stuck at Flat Rock, East Ballina. Captures the dark emu at the perfect angle !

Who knew the market impact of 32 btc could be this bad?

I am now officially the only European who owns A/C AMA

After getting a lot of unsolicited parenting advice I've come to the conclusion boomers are monsters.

async code really is one of the leakiest abstractions.

When trying to fix negative markouts in your market making system, top of the list should be digging into fills that happened during inflight cancels. These are trades your system knew were going to be toxic, but you got filled anyway. This may happen because you're still too slow on the tails and quoting too tight for your latency, or it could be an inconsistency in your business logic. Tracking these events involves accepting a small amount of overhead in the hot path but is generally worth it, especially in the testing phase with smaller amounts of capital. When such events cross a certain threshold, I like to attach a cancel and fill context for detailed analysis of the system state before and after. This can include details about the BBO, alpha states, latency deltas, skew, etc. Then, once such events have been reduced to an acceptable level, compile them out to shave the extra nanos off the hot path.

This plus they need to admit CPI is a lie

when you meet someone irl and they tell you that they're a trader too

I urge you all to read when money dies. This is the same play book.

ive been slacking on my open source contributions for the past year or so, perhaps this will help me catch up: github.com/beatzxbt/stinkbid… hope you find it useful!

This stuff never fails to annoy me

RT @HFI_Research: One of the interesting dilemmas facing the oil market today is that even if the Strait of Hormuz opens fully tomorrow, th…

Watching the CI/CD pipeline run 1800 tests for a 1-line change that fixes a typo

Remember by longing Oil you're longing an asset that almost every country on Earth is incentivized to see trade lower

The fact they're having to say this tells you this is likely to get quiet bad