[achew22]

There are a lot of problems with HFT (high-frequency trading) that basically boil down to proximity to the exchange. If you haven't paid for a colo inside their datacenters you can't well expect to use the usual HFT tricks of putting in requests for things you don't want and then never making actions on them because your 40ms latency to the exchange will mean that the guys in the colo have acted on your move. I heard someone say that they got a colo for 10,000 a month (sorry, I don't have a source for that) so that kind of edges you out of really good HFT. Another thing to know is that you are running around like a chicken with your head cut off trying to grab pennies off a railroad track that is running bullet trains (I love that analogy). i.e. very dangerous. Slight mistakes can cost you hundreds of dollars ever 20ms until you hit ctrl+C in your script! I do wish you the best of luck and I hope you will write about your progress/experience in HFT on HN in the future.

[astroguy]

Thanks for alerting me! I am a newbie to this field, but love to explore the pros and cons of the current algorithms used in HFT. Sure! I will.