FT Alex Gerko

‘King of the geeks’: how Alex Gerko built a British trading titan
XTX Markets conquered foreign exchange trading and made its Russian-born founder a multibillion-pound fortune

https://www.ft.com/content/2948dca2-20f5-4a...22-2f1b1505b149

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FT Alphaville | Jane Street Capital

Jane Street interns make more than Keir Starmer and Jay Powell
More Money Than God 2.0

https://www.ft.com/content/216eb75a-f856-49...02-c8cb73269548

LVMH results are out!

https://finance.yahoo.com/news/lvmh-shows-g...-154500630.html

https://www.lvmh.com/en/financial-calendar/2024-q3-revenue

Join the conference call live from Paris (6 pm paris time, 12 am Malaysia time): https://voda.akamaized.net/lvmh/2018032_67052c5398aa0/

This post has been edited by TOS: Oct 15 2024, 11:57 PM

LVMH ADR down 10%, Hermes ADR down 4%.

Wow, LVMH CFO signals that they won't cut prices even as volume slows... hmmm

CFO thinks they should focus on "innovating" with new products...

We are in the midst of earnings seasons across the world.

Tomorrow 1pm Malaysia/SG time we have results from Nestle: https://www.nestle.com/media/mediaeventscal...ine-month-sales

And at 1:30 pm TSMC will release its results here: https://investor.tsmc.com/english/quarterly-results/2024/q3

Followed by press briefing from 2 pm onwards Taiwan/SG/MY time: https://investor.tsmc.com/english/form/qr-a...st-registration

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Roche will release results next Wednesday (23rd Oct) and Novartis will release results Tuesday on next next week (29 Oct).

FT Alphaville | High frequency trading

The ‘mundane economics’ of trading at the speed of light
Professor Donald MacKenzie talks high-frequency trading

https://www.ft.com/content/4bedfc86-df01-44...31-6d7fa37520c9

I found another investment opportunity: luxury cars - in particular, Ferrari... (Don't buy Porsche though... that one failed in its attempt to become the next Ferrari)

PE ratio 40 times, same level as Hermes, debt level as % of overall assets falling for years already... Not yet net cash position like Hermes though.

FT Opinion | Lex

This luxury capitulation has barely begun

https://www.ft.com/content/b6c1e2a0-0f95-47...22-d27e40c6d788

Nestle results out already.

TSMC results out as well: https://investor.tsmc.com/english/quarterly-results/2024/q3

Based on what we know thus far, there're some cracks in the relationships between NVDA and TSM: https://www.chinatimes.com/realtimenews/202...54-260410?chdtv

2330...

New research to assist our fellow traders

FT Opinion

Some Hedge Funds Are Missing a Trick — Volume Alpha
Execution matters as much as picking the right stocks. Machine learning can help.

https://www.bloomberg.com/opinion/articles/...ck-volume-alpha

Another day of scalping...



Today's profit amounts to 3.53 USD, plus I ended up purchasing one more unit of BIL ETF in the process, effectively commission-free, paid by the proceeds from the scalping...

FT Luxury goods

Tough luxury market dims Dior’s shine
Sales stutter at LVMH brand run by Bernard Arnault’s daughter Delphine as luxury downturn deepens

https://www.ft.com/content/ea1a661b-afcf-4b...8d-e522b2bd79f9

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Bloomberg Pursuits: Ferrari Unveils First Supercar in 11 Years Costing €3.6 Million

The F80 will be one of Ferrari’s most expensive models ever
Europe’s most valuable automaker hopes to further boost profit

https://www.bloomberg.com/news/articles/202...ing-3-6-million

This post has been edited by TOS: Oct 19 2024, 09:43 AM

Thanks for sharing, i not try with overnight trading yet. slightly busy lately.
Need check whether able to pull the bid ask all the time.

Pull the bid ask? You are writing script to automate the trading process?

You can just do it manually. Eyeball the figure around 8 to 9 am when you submit the ask price and check it once a while thereafter to adjust the bid-ask spread accordingly.

Yeah, I am in trading software for automation.
So we build tools or handy apps to help trader doing automation.
Most simple example, trader do their strategy in trading view, and trigger alert signal to bridge app and auto place order to IB.

Haha I see. Yea, you mention that before.

Just be mindful of the data acquisition cost yea.

Hi everyone, newcomer over here

Decided to sell and move my money from Moomoo to IBKR (mainly because of the foreign withholding tax thing), plan to park my money into cspx/vuaa (about ~15k)

I'll open a cash account...right? Since my net worth isnt much and ibkr said the financial information ive entered isnt sufficient to open a margin account (monthly income around 4k minimum, am in sales)

is it mandatory to fund the account first, or i can do it later?

lots of questions in mind but i'll arrange them and ask them later on, nice meeting yall