Category: Hi-tech News

The latest hi-tech news is very important for investors and traders. In order to have valuable information visit the Latest Fintech news category and Traders-Paradise. Here you’ll find relevant information about fintech companies, their stocks, current prices. But also, trading volume, market capitalization, prospects.

Hi-tech companies become a very profitable investment, especially startups. But our focus is on publically traded companies that belong to this industry.

For the visitors, it’s easy to find valuable information about the hottest hi-tech companies today.  Traders-Paradise writes about companies’ plans for the future, management, current stock price. Visitors will also get suggestions where it can go in the future.

In the Hi-tech News, readers will find the latest fintech news reports of new technologies, for example, 5G networks. Innovative technologies in the industry of carmakers, biotech stocks, artificial intelligence. They aren’t randomly here.

Traders-Paradise pays a lot of attention to the quality of the companies.
Hi-tech companies are currently the hottest investments but not all have great prospects.

Moreover, visitors may get an idea of where to invest, which of these companies may generate great returns, which hi-tech stocks are dividend-paying.

In the Hi-tech news section, you’ll find all about new trends. Visitors can read a fresh and comprehensive analysis. All stock and trading related information are covered in the Hi-tech News category.

It is easier to make the decision about investing and trading armed with this knowledge, data, reports, trends, and analysis. Here is Traders-Paradise to provide you them all.

  • Facebook’s Libra – Is it Cryptocurrency at all?

    Facebook’s Libra – Is it Cryptocurrency at all?

     

    Facebook’s Libra - Is it Cryptocurrency at all?
    The doubts due to Facebook “Project Libra” are understandable because it looks Libra won’t be decentralized as a regular cryptocurrency.

    Facebook’s Libra could be the new digital currency. Facebook finally announced its cryptocurrency plans. “Project Libra,” a new variety of digital money created for Facebook’s apps and social network users. That means we would be able to make purchasing and send the currency Libra on Instagram, WhatsApp, and Messenger. Also, MasterCard, Uber, and Spotify should give such a possibility.

    Some other merchants are involved too.

    But, Libra isn’t as decentralized as a regular cryptocurrency. Hence we can talk about trust in new crypto. We all know that crypto is all about trust.

    Satoshi Nakamoto wrote about the Bitcoin system. “The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.”

    The basic sense of using crypto is that we don’t trust financial authority.

    Libra is a totally Facebook project. Facebook experts created the blockchain and selected the associates that will handle it. Libra wallets will be installed in Facebook apps.

    What does it mean?

    The trust in Facebook’s Libra

    After all, we experienced it? Don’t we? Facebook has a lot of problems with trust. But let’s stay with Libra.

    Libra is announced as crypto, which should mean full decentralization. That is the power of cryptocurrencies. But Libra will be under Facebook’s control, under the control of one of the most powerful companies in the world. Can we still talk about the essence of crypto nature if Libra scores success in the future? From our point of view, it may be the end of one of the most important characteristics of cryptocurrencies – decentralization.

    Further, this new crypto operates via licensed blockchain which will cause that the right to mine Libra will have only companies included in Libra Association. So, what we have there? Libra Association as a central bank? The developers tried to explain that as an intention to avoid Libra to use so much power needed for bitcoin mining. The nice intention, but at the same time, it will provide the Libra Association in controlling the currency’s stability supported by a reserve of bonds and liquid money.

    The implementation of blockchain technology has sense. It will provide clear transactions fast.

    But, here is the point where the matter of trust in Facebook’s Libra arises.

    If you don’t trust your local central banks, why should you trust Mastercard?

    Libra will change its nature. It will not be permissioned forever, says the separated document, where the further plans are revealed. Libra Association will be open to more members. After five years, Libra would switch to the permissionless mode. That would happen after some problems with scalability have been solved. Can you point any example that blockchain has ever gone from permissioned to permissionless? This explanation looks more like buying time to solve the problem in the hope that the future will bring new solutions in technical improvements. That promise seems like a trick. Why?

    When you start using the centrally managed blockchain you must face that users will not trust you.

    This promise is actually selling the fog

    Why? Unlike Bitcoin and other public blockchains, only foundation members will be permitted to run a node.

    Facebook’s ambitious plan to bring cryptocurrency to the masses is recognized, and we don’t have a problem with that. But we have plenty of reasons to be skeptical. Why they are launching this crypto knowing that the problem of trust will arise? On what they are counting? Yes, they promise that the problem with centralized crypto will be solved later. So, if they are aware of it and know how to solve, why this rush? Guys, fix it, you already have a trustworthy model, just implement it.

    Facebook did not present specifics regarding when and how users will get ahold of the currency. All we have is the executive’s confirmation it will first be shared on Messenger and WhatsApp in 2020.

    The company also said something about a new digital wallet called Calibra. The digital wallet will be managed by Facebook as a separate subsidiary. It will have the possibility for users to store and spend Libra.

    Calibra won’t be accessible to the people for months

    Moreover, this digital wallet will not show you the value in Libra currency, the value will be displayed in your local fiat. The design will be similar to Venmo.

    According to David Marcus, who is on the head of Project Libra for Facebook, one of the main goals is to approach to 1.7 billion people globally who don’t have access to the banking system.

    “It’s an anomaly that the Internet has no protocol for money,” Marcus said.

    “You’ll see banks on this between now and next year, because if we bring on another billion people, they’ll need savings accounts, loans, and things banks are very good at,” Marcus says. Facebook also plans to reduce money transfer fees and transaction fees through Calibra.

    As a conclusion, it is very questionable if the Libra is cryptocurrency at all. It will have a very strong connection with the fiat. Moreover, it is backed by a reserve of low-risk assets to avoid volatility, as Facebook’s representatives explained. These “low-risk assets” are actually fiat: dollar, euro, Swiss coin.

    The point is that we can transfer our dollars or whatever to Libra, but the amount will ever be shown in given fiat, never in Libra. So we couldn’t talk about true crypto. It is digital money only because it is not tangible.

    And there is a wallet named Calibra where the Libra is supposed to be stored.

    Behind this, according to some experts, this system could provide Facebook access to extremely large financial information. Having Facebook’s reputation on our mind, can we trust that such information will not be misused? With very strong reason we have some doubts.

    On the other hand, we are dealing with the most powerful company in the world.

    Is it worth to take part?

    Libra can be useful for purchasing via FB apps and associates. We all can expect some discounts or something similar for users in order to promote the new digital money. And the other powerful participants are in play, as we mentioned above. So, for short term or periodical used, Libra is useful. As a long-term investment, we are not sure. But we are very sure that Facebook’s Libra is a manifestation of banks’ blemishes.

    Images Credit: Libra Association official website

  • Project Libra: Facebook’s new currency based on a blockchain

    Project Libra: Facebook’s new currency based on a blockchain

    3 min read

    Project Libra is the internal name for Facebook’s plan to launch its own cryptocurrency. For now, it is known that it should be a stablecoin backed by government currency.

    Facebook has still to state those plans about Project Libra openly. But media news about its crypto aims has risen over the past half year or so. Now, since the information is secret, we have part of them. The very well-known part is that Facebook has been planning ways of how to capitalize on blockchain technology.

    Did you update your WhatsApp? Do it now!

    Former PayPal president David Marcus is on the head of the team that has to build this asset-backed crypto. As far as we know, that crypto will be made to operate within Facebook’s messaging infrastructure such as WhatsApp, FB Messenger, and Instagram.

    Facebook has planned blockchain long time ago

    Facebook will represent plans about Libra this summer, as it is assumed. Mark Zuckerberg has already talked to Bank of England governor Mark Carney.

    The discussion was about the potentialities and risks involved in launching a crypto-currency.

    Facebook has also asked details and advice on regulatory issues from the US Treasury.

    Facebook’s plan is to launch a full payments network including Visa, Mastercard,  payments processors such as First Data as well as large e-commerce merchants. This social network asked them to support the launch with $1 billion in investments collectively.

    Facebook is trying to involve these firms in order to provide support and strengthen a stablecoin that will be connected with the payments network.

    The main goal is to eliminate credit card fees for merchants. Also, to avoid the volatility of bitcoin and ether.

    Facebook is also in consultations with money transfer firms like Western Union because it tries to find cheaper and faster alternatives for people who don’t have bank accounts.

    How will Facebook’s Libra work?

    Project Libra
    Will we have a new icon after Project Libra finished?

    Facebook aspires to design a cryptocurrency that gives secure ways of making payments, notwithstanding users have or not have a bank account.

    They are expecting to upset the other networks by cutting financial limits. The new Libra is good for competing with banks and decreasing user’s costs. The point is that this project will provide people to change dollars and other foreign currencies into its stablecoin. That’s why the arrangement with other banks is necessary.

    In the next several weeks a group of co-founders would launch the Swiss-based association in the coming weeks, as it is expected.

    Meanwhile, Facebook bans all cryptocurrency ads.

    According to the Financial Times, it is still unclear how Facebook’s cryptocurrency will be issued, stored, and transferred.

    Libra will be valued on a fiat

    Geneva’s commercial register displays Libra Networks was registered on May 2 with Facebook Global Holdings as a stakeholder. Reuters first reported the development.

    You would like to know which money app to use in 2019

    The LLC is attempting to develop software and infrastructure connected with investment activities and data analysis. Among other services, there are some relating to finance and technology, according to the register.

    Facebook has not yet confirmed the foundation of Libra Networks.

    What we know is Facebook Global Holdings is a stockholder in the new company and it will, according to Reuters, “provide financial and technology services and develop related hardware and software, plans submitted on the Swiss register reveal.”

    More about Project Libra

    Facebook’s shift to crypto has been gradual and constant. Facebook’s latest move, was the hiring of two Coinbase compliance managers. That happened on May 14.

    Blockchain expert David Gerard said that Facebook would get access to important spending data by creating its own payment system.

    The question is why Facebook needs that, instead to use some conventional payment platform.

    Garrick Hileman, a researcher at the London School of Economics, said the Libra project could be one of the most important developments in the short history of cryptocurrencies.

    He estimated that around 30 million people use cryptocurrencies. And Facebook has 2.4 billion monthly users. So, just count!

    You may also like to read how Apple Is Not a Tech Company Anymore

    risk disclosure

  • Update Whatsapp Immediately to Avoid cyber-criminals

    Update Whatsapp Immediately to Avoid cyber-criminals

    2 min read

    Update your Whatsapp Immediately

    Users are being advised to update their WhatsApp Android and iPhone apps quickly because of a security bug. If they don’t do the necessary update there is a possibility to become victims of cybercriminals.

    The bug allows these idiots to take over your phone by calling you. And moreover, they are not amateurs, it isn’t necessary to answer the call. They will control your phone!

    A bug in this messaging service allowed hackers to install spyware through the voice call.

    The spyware is able to trawl within calls, texts, and all your data. As we said, those hackers are not amateurs.

    How to update your WhatsApp

    To update your WhatsApp, you have to go to the Google Play store on your Android. If you are using an iPhone go to App Store, or Galaxy app store on Tizen devices.

    If the update hasn’t automatically done, you will notice a possibility to install the latest version of WhatsApp.
    And don’t you think you are safe.

    All phones with WhatsApp or WhatsApp Business installed are the potential target.

    According to Facebook to whom this app belongs, this new update is necessary for all: iPhone, Windows, Android as well as for Tizen.

    Also, according to Facebook, WhatsApp has 1.5 billion users globally.

    Who are attackers?

    According to the Financial Times, behind this new cyber attack is an Israeli cyber intelligence company NSO Group.

    These artists developed the spyware. It is a private company working on surveillance.

    Who and how many people are spied on is not yet identified. For now, several targets are known. A UK-based human rights lawyer and an Amnesty International researcher, have been identified as victims.

    What can you do?

    If you didn’t have any WhatsApp voice calls from the unknown user, you can be quite sure that you have probably not been targeted.

    But if you work in delicate fields and use WhatsApp, even only for private communication, you should be exceptionally careful.

    Users did not have to accept the call, the malware-infected their phones and all data was on the plate for those criminals.

    So, just update your WhatsApp and have a hope that you have prevented the attackers and your device is secured.

    Or uninstall WhatsApp from your phone to protect you from the attack.

    Meanwhile, Facebook installed a server-side change.

    Update your Whatsapp Immediately 3

    This is supposed to protect users and launched updates for the various smartphone WhatsApp versions.

    Users are fully advised to check for updates manually as we described above.

    On nsogroup.com, its official website we found they are “helping governments maintain public safety”.

    “Our products help government intelligence and law-enforcement agencies use technology to meet the challenges of encryption to prevent and investigate terror and crime.”

    Of course, they wouldn’t reveal they are targeting private, innocent citizens.

    So, maybe this company just doesn’t have enough customers and this was the way to put itself in the center of global attention.

    Nevertheless, they did it in an, at least, irregular and against all laws manner.

    Of course, if this company is behind these new attacks.

    The first suspected

    WhatsApp identified the vulnerability at the beginning of May.

    A WhatsApp spokesman said the attack was sophisticated and had all the signs of a “private company working with governments on surveillance.”

    “WhatsApp encourages people to upgrade to the latest version of our app, as well as keep their mobile operating system up to date, to protect against potential targeted exploits designed to compromise information stored on mobile devices,” a spokesman said.

    Cyber-security experts announced the majority of users were not affected since this looks like a targeting specific people.

    Essentially human rights activists were targeted, as we understood.

    Social media titan Facebook bought WhatsApp in 2014 for $19 billion.

    Facebook’s shares were up 0.8% at $183.02 in pre-market trading.

     risk disclosure

  • Apple Is Not a Tech Company Anymore

    Apple Is Not a Tech Company Anymore

    2 min read

    Apple Is Not a Tech Company Anymore

    by Gorica Gligorijevic

    The logic behind is: If Apple is high-tech Warren Buffett wouldn’t invest. Since he or his Barclay Hathaway is the major investor in the iPhone and Apple is producing iPhones for the customers, Apple is a consumer products company. Period!

    I’m not a postman. I’m a post-delivery specialist.

    If Tim Cook, the Apple chief executive, needs some mantra to keep going, it’s okay.

    To keep going what? Cook is on his way to persuade Wall Street in that.

    Apple has to solve that puzzle. It is or it isn’t a high-tech company.

    “We believe that technology should be in the background, not the foreground, and that technology should empower people to do things and help them do things they couldn’t do otherwise,” said Cook, after Berkshire shareholders meeting in Omaha, Nebraska.

    So, Apple has been absorbed into the Silicon Valley swamp, without its willingness. C’mon!

    Apple Is Not a Tech Company Anymore 1
     
     
     
     
     
     
     
     

    Well, when Cook was asked by CNBC about Warren Buffett’s rising investment in Apple, Cook shot the Silicon Valley.

    Tim Cook, Apple CEO

    He said: “(Buffett) has been very clear. He didn’t invest in technology companies and companies he didn’t understand.

    He’s been totally clear with that. And so he obviously views Apple as a consumer company.”

    He should bite his lip.

    Because we all know the old proverb: At the end of the day, money talks.

    It’s not rocket science to find what really is hiding behind these words.

    Put the logic aside, but the statement is right.

    It looks the Apple is in hot water.

    Let the cat out of the bag.

    It isn’t a secret that many companies cannot meet the new EU legislation (GDPR) to guard individual privacy. Or they are struggling with them.

    Big tech companies are under attack. The regulators in the EU demand severe new legislation to protect privacy.

    That crashed tech’s attempts to use the user data in a dishonest way.

    They have to create new business standards.

    The General Data Protection Regulation became law everywhere in the EU last year. It means every company is obliged to receive permission before gathering any data online.

    Cook adored the new EU regulation last year. He has been one of the most vociferous proponents of new regulations. It isn’t a wonder.

    “We’re in the tech industry,” Cook admitted. “But we work at that intersection of technology and the liberal arts and the humanities. And so we make products for people, and so the consumer’s at the center of what we do.”

    Facebook and its users have a major influence on Cupertino.

    Apple Is Not a Tech Company Anymore 2

    Facebook is at the end of iPhones software.

    Apple gets practically all of its earnings by selling iPhones. They are developing the hardware in Cupertino and write the codes. But Facebook’s apps Instagram, Messenger, and WhatsApp are the most popular iOS downloads. So, Facebook is entered on the software end.

    The Wall Street Journal published the social media titan is in communications with Mastercard, Visa, and First Data Corp.

    What is it all about?

    It is all about a payments system. The aim is to modify Facebook features into a living ecosystem.

    So, what one could ask?

    This arrangement could make physical hardware trivial.

    Apple needs to shift its business from hardware to software in order to satisfy investors.

    At first place Buffett.

    They have to venture other market forms and rebrand.

    But still, as it matches even more engaged inside our gadgets, can Apple honestly pretend to be anything else than a high-tech company?

    Despite this strange high-heavy separation, Cook has to persuade Wall Street that Apple is remodeled.

    The iPhone is a high margin sales. And it is a low margin business.

    If Cook manages to rebrand Apple as a consumer products company, the prizes would be amazingly large.

    Apple shares trade at a 17.47 multiple of trailing earnings. The P/E ratio is 20.07.

    Best consumer products companies like Procter & Gamble and Colgate Palmolive get multiples closer to 25. If Apple traded at an alike P/E the stock would bring $296.

    For now, Apple is a puzzle. It is a famous franchise.

    We all love their goods. But we have to say, the iPhone isn’t growth.

    People love Apple products. But the iPhone is no longer a growth industry, because, at the same time, we want fresh gadgets. And cheaper too.

    Moreover, we think even if Apple stays as high-tech company Warren Buffett will not step out.

    risk disclosure

  • Robinhood order flow income rose thanks to HFT firms

    Robinhood order flow income rose thanks to HFT firms

    2 min read

    Robinhood order flow income rose thanks to HFT firms
    It looks still strange to engage HFT firms in order to increase order flow income. The skepticism is great. Also the criticism.

    But the facts are that Robinhood’s order flow income rose 227% in 2018, thanks to HFT firms.

    And this is a standard offer among Wall Street brokers such as E*Trade or TD Ameritrade.

    What Robinhood did?

    It engaged HFT firms to increase order flow.

    Payment for order flow is still unknown and strange to the majority.

    And somehow they read that kind of market presence as the immoral.

    Traders Paradise wrote about HFT firms and strategies already.

    But, let’s see what Robinhood did.

    The popular millennial stock-trading app earned $69 million in order routing income in 2018. According to a survey from Alphacution Research, it three times more than the company made in 2017.

    Payment for order flow is a standard offer among Wall Street brokers.

    When employs HFT firm, the company is expecting more flow through its platform and it has it.

    Robinhood app is very popular among the millennials.

    The millennials like high-tech. And they will adopt any new product or gadget that can help them and make easier to buy anything.

    When we all adopted the internet, didn’t we have the same idea on our minds? To make communication easier, to provide ourselves better access to everything.

    So, where the problem is now?

    High-frequency trading is called ”dark-pool” because of the absence of regulation.

    Traditional traders are opponents. They say that these millisecond trades are against Wall Street and everything that is present on the markets for decades.

    Actually, it is not.

    High-frequency trading is based on traditional trading strategies. The main difference is the time of performance. The journey from the moment when trader see the opportunity and the moment the trader place the order is shorter. HFT algos will need millisecond while the traditional way would require much more.

    Yes, it is still unknown for the majority of how this HFTs work.

    Honestly, most of us will never reveal how the dishwasher works. But it isn’t the reason not to use it. Right?

    We have one simple question.

    Are high-frequency trading influenced based on who is paying the most?

    Opponents of HFT say that it can produce big market swings.

    Also, that HFT may result with an advantage for institutional investors.

    Yes, engaging some HFT firm will cost you money. But, as far as we remember, only very rich houses had a dishwasher when it entered the scene. Today, it is almost impossible to find a house without it.

    Even better, smaller retail investors may have benefits.

    How?

    HFT brings liquidity to the market.

    High-frequency trading grows the market intensity and liquidity and reduces volatility.

    And, there are also ordinances that require brokers to execute trades at the best price for the traders.

    Considering the Robinhood’s increasing in income, well we have to say it isn’t so big as some the opponents want to say.
    Also, HFT firms didn’t record such a big increase in order-routing income. For instance, TD Ameritrade had a 43% growth in this sector in one year.

    And one note for the opponents of HFT.

    HFT is not a trading strategy. It is the practice of advanced technology that plays traditional trading strategies. The particular trading strategies need to be evaluated rather than HFT as such.

    Hence, any strategy that has a conflicting influence on market integrity or enables market abuse, has to be are completely reviewed.

    And to quote our post HFT STRATEGIES – THE TIPS AND SECRETS: “Technology by itself is without morality. The people are those who can add it to high-tech.”

    Don’t waste your money!

    risk disclosure

  • HFT firms that need new employees

    HFT firms that need new employees

    3 min read

    HFT firms that need new employees
    Numerous HFT firms are actually small companies with a small number of employees. If you want to be one of them, you will need to show a capacity to produce income bigger than your salary plus bonus share. You have to be fantastic and have unique skills.

    If your knowledge is really excellent, there are no barriers to enter some HFT firm even if the firm might not be hiring right now.
    Yes, you would be asked to work almost 70 hours per week when it is necessary but the salary and intellectually provocative environment will cover your engagement.

    There are a few roads into HFT. Any of them you chose you MUST have a great knowledge of math, computer sciences, physics or related technical focus.

    Traders Paradise wants to represent you some of the HFT firms that are looking for new workers.

    Liquidnet

    The position required: Liquidnet is looking for Junior Data Scientist/Quant Developer.
    Skills required:

    • Bachelor’s degree in Computer Science, Mathematics or similar technical field.
    • 2+ years of relevant experience OR recent Masters or Ph.D. grad in Computer Science, Mathematics
    • Knowledge in a mainstream programming language, such as Python, C/C++, C#, Java, JavaScript, Haskell

    FIND MORE about this job HERE
    Specialty: It is a world known institutional investment network which connects asset managers with liquidity.

    Company Overview: Its headquarter is in New York City but has departments in  San Francisco, Boston, London, Dublin, Sydney, Toronto, Hong Kong, Singapore, and Tokyo. This trading network is connecting asset managers to pools of liquidity for both equities and fixed income. Last year it was recognized as 8 out of 34 large organizations category in New York City. That means it is one of the best employers in New York City.

    Salary for this position per year: $110k – $159k 

    Old Mission Capital

    The position required: Quant Trader.
    Skills required:

    • Candidates must be proficient coding with one of the following languages: Python, Java, C++, VBA, R, Matlab, Ruby.
    • 4-10 years of relevant trading and research experience, with a primary focus on global equities, commodities, or fixed income instruments and/or related derivatives
    • Experience with systematic market-neutral strategies over a range of holding periods/forecast horizons (short, medium, and long).

    FIND MORE about this job HERE
    Specialty: They have high performance automated trading system that operates globally. Old Mission Capital trade equities, currencies, commodities, bonds, options, futures and other derivatives.

    Company Overview: Old Mission Capital, LLC provides brokerage and trading services. That include a model for security valuation, trading algorithms, tools for risk management. Old Mission Capital was founded in 2008 and it is headquartered in Chicago, Illinois. Old Mission Capital, LLC works as a branch of Old Mission Holdings, LLC.

    Salary for this position per year: $7k – $8k per month 

    NJF Global Holdings

    The position required: Junior Quant Trader
    Skills required:

    • Quantitative background
    • experience with a programming language Python/C++ a plus but not required
    • Ability to collaborate on projects with others but also work independently when needed

    FIND MORE about this job HERE
    Specialty: The company provides finance, technology, legal, and financial research services.

    Company Overview: NJF Global Holdings Ltd was previously recognized as NJF Search International Ltd and modified its name to NJF Global Holdings Ltd in August 2013. The company was founded in 2003 and is based in London, United Kingdom.  It has offices in New York and Chicago.

    Salary for this position per year: unknown

     Milliman

    The position required: Quantitative Analyst to work in the Portfolio Management Group in an entry-level role
    Skills required:

    • Strong Excel/VBA and PowerPoint skills
    • coding skills, especially C# (or other Object Oriented languages) and SQL (or other database management tools)
    • experience working with Bloomberg or Morningstar

    FIND MORE about this job HERE
    Specialty: Retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation

    Company Overview: Milliman Financial Risk Management LLC is a market leader in the field of portfolio management and risk management. Their focus is on trading securities and derivatives to manage capital market risks for banks, asset managers, insurance companies, and pension plans. The Portfolio Management Group, located in Chicago currently implements risk management overlay strategies on over $50 billion in assets.

    Salary for this position per year: $45k – $82k

     The Princeton Group

    The position required: Quant Developer
    Skills required:

    • Advanced programming knowledge of at least 3 programming

    languages, including Python

    • Strong understanding of statistical and Machine-Learning methods
    • experience with Tensorflow and Keras, React.js and HTML data visualization libraries

    FIND MORE about this job HERE
    Specialty: Technology professionals proficient in developing computing solutions and skilled in complex business activities such as trading and trading tools technology

    Company Overview: Specializing in IT placement services for Startup, Fintech and Hedge Funds. IT staffing and recruiting in New York and New Jersey. Financial modeling, quantitative analysis, and development buy and hold strategies, the generation of portfolio accounting tools and report generation.

    Business initiatives including risk, trade processing, trading and the development of trading instruments.

    Salary for this position per year: flexible from $24 – $27 per hour

    General skills to get a job at HFT firm

    The positions at an HFT firm are pretty different. Almost everyone must have extremely technical experience and knowledge.
    HFT is typically a technology field, so if you want to work there you must have an excellent background in programming or electronic engineering. Some of them will require deep knowledge of hardware, for example, GPU or FPGA.     

    Actually, every skill that can reduce the latency and improve the execution speed of algorithmic calculations will be required in HFT.

    Widespread knowledge of trading exchange is a general skill for any high-frequency trader.

    HFT requires large dimensions of estimates in a very short time frame. So, the advantage is to know how to increase the speed of execution.

    Also,  deep knowledge of hardware design such as GPU and FPGA is an advantage. A lot of HFT firms will require a background in Linux kernel modification.

    Background in Linux kernel modification is beneficial to many HFT firms.

    The bottom line

    The top HFT firms are usually placed in New York and London. Chicago is also a large hub for HFT.

    But it is very rare to find a job in those HFT firms directly. They are doing that via recruiters.

    The direct application to HFT firms is possible, yes!

    But the tricky element is estimating which firms are actually in HFT.

    The best way is to join some recruiter.

    Traders Paradise offers you several and we will continue doing that.

    Stay tuned!

    Don’t waste your money!

    risk disclosure

  • High – Frequency Trading (HFT) – Why to Use

    High – Frequency Trading (HFT) – Why to Use

    High - Frequency Trading (HFT) - Why to UseThe high-frequency trading algorithm or HFT provides fast and profitable trades. Learn how.

    By Guy Avtalyon

    The high-frequency trading algorithm or HFT is one of the two main types of algorithms. The other is the execution algorithm.
    HFT trading means to engage multiple algorithms in order to examine various markets. The orders execution is based on market conditions.

    It is a program trading platform that utilizes robust processors to conduct a large number of orders very fast. Actually, the whole operation takes less than one second.

    And it is a very important feature for traders.

    The speed of trade execution will decide if you are a profitable trader or you are not. The logic behind this is that HFT provides you a fantastic speed in trading. So, you can gain your targeted price faster than, let’s say, ancient trader, is going to do.

    The advantage of high-frequency trading is that it provides you a permanent view on markets condition because it follows market data in real-time.

    Is a High-frequency trading set in today’s markets?

    But there are some misunderstandings yet.

    HFT is very often a cause of disagreement among traders. The traditional traders don’t like algo trading at all.
    Yes, we understand why is that.

    HFT leads to some effects, very unknown to some market experts. Their opinion about the algo trading is the same.
    First of all HFT trading provides traders more advantages in the main processes.

    HFT applications can hit even a very small profit from huge numbers of executions. You must know that there are a million executions every single day in the markets all over the world.

    High-frequency trading will never hold the position for a long time.

    The old-fashioned traders say it can cause great volatility and results with losses when it goes wrong.

    Well, their opinion is not quite mistaken.
    Let’s say it is possible. And we will recall the year 2012 when really was tricky.  

    HFTs caused the knockdown to Knight Capital Group. After that accident, in many countries, HFT was reduced. For example, Italy has the rule to tax 0.02% on the transaction that takes less than 0.05 seconds. The rule was launched in September 2013.
    The other problem with HFT is there is no generally recognized definition. So, that can open the space for some confusion.

    The truth is that the digital era requires digital work for which we need digital equipment. This digital tool leads us to speed business and the trader’s business is to execute their trades fastest as it is possible. But the principle is the same as centuries before: when you are in the market, you would like to buy or to sell. And HFT provides traders to do it. Fast, very fast.
    Let’s break down HFT trading.

    What is high-frequency trading?

    The high-frequency trading is called ”black box” trading.

    It indicates to automated systems that regularly use complicated algorithms to buy and sell securities. Extremely fast!
    In the same manner, the algorithms do it at a much larger range than any individual is able to do.

    Previously we said that HFT provides a very small profit from huge numbers of executions, but thanks to the high speed and large volume they produce great returns to traders.

    How does it work?

    The algorithm follows a “quote level” that is created including bid and ask. In volatile markets, the quote level can be changed in a second. Honestly,  it could happen several times in a very short frame time.

    And the algorithm is going to do what? It will place your trade in the right direction and faster than you can do it by yourself.
    Without the algorithm, you will not be able to recognize all the opportunities. You might miss something extremely significant.
    Yes, you can tell how and when your trades should go, but even you are fast-acting on your mouse or mobile interface, it will take time.

    Moreover, the algorithm will buy and sell the same stock multiple times in a brief period of time. This means the algorithm will trade several hundred times in a single day.

    Yeah, here is some problem with that. Say, you are paying $1 commission. WOW! Be careful with your HF trading! But returns you can gain are bigger.

    Remember, you are using artificial intelligence.

    You have to know that 75% of US stock trades are placed by algorithms. This number will expand soon and it will continue.
    Why we are so sure of that?

    We people, humans, will never have such ability to process that volume of data, we will never have the possibility to estimate all information required to make a trade before our rivals. Sometime we will do that, but most of the time we will not. And to make a good decision we need time.

    Algorithms are able to operate with a million bits of data in one millisecond, at the same time they are able to make decisions and act.

    All alone! Of course, when you turn it on.

    So, why to use High-frequency trading (HFT)?

    High-frequency trading demands the lowest latency in order to keep a speed advantage over the retail traders. Complex algorithms are at the core of these programs. The algorithms give directions for acting to market circumstances based on highly automatic signals.

    Behind these programs lays very complicated coding. Millions, even billions of lines of code. Some of the biggest HFT companies have a continual profit during 1,000 trading days without a single loss.

    The speed, access, capital, and no holding time make advantages. And risk-averse and latency too. Latency is the time it takes for data to reach its endpoints. When latency is low that means higher speed.

    HFT has led to tighter bid-ask spreads.

    It makes transaction costs lower. The liquidity increased and pricing efficiency is raised. The main concerns about HFT are the ability to accent and stimulate market changes.

    For example, there is some risk with some out-of-control algorithm. Also, there are traders who can manipulate the market because they are scammers familiar with programming. That’s why every trader who wants to employ HFT has to be very careful when downloading such apps.

    Happy trading!

     

  • Telegram chooses to kill the messages

    Telegram chooses to kill the messages

    2 min read

    Telegram chooses to kill the messages
    Telegram decides to add the option of killing chat history not only yours but also the other participants in the conversation.

    WOW!

    The Telegram has added a possibility for users to delete messages in one-to-one private chats. And not only from their individual inbox.

    In just a few steps, you can delete every trace of communication, both for yourself but sent by the other person in the conversation.

    Of course, it is possible only if you all have the latest version of Telegram. This innovation is revolutionary because you do not delete messages for yourself (if they are written by other ppl). The plot behind is that you may really delete them so no one can see them anymore. Not only the one who sent them to you.

    One of the most famous applications for encrypted communications, Telegram, March 24, introduced the option of deleting all messages.

    How to do that?

    The procedure is simple: keep your finger on the message and wait for the option to be deleted. When you select it, a pop-up window appears asking if you want to delete the message for the other participant.

    Quite simple.

    Feature “delete any message in both ends in any private chat, anytime” is added to the updated version of Telegram 5.5 with the explanation that it offers more privacy and more control.

    The founder of Telegram, Pavel Durov explained on the day of launching this option that it is required because of the risk of taking someone’s old messages out of the context.

    “Over the last 10-20 years, each of us exchanged millions of messages with thousands of people. Most of those communication logs are stored somewhere in other people’s inboxes, outside of our reach. Relationships start and end, but messaging histories with ex-friends and ex-colleagues remain available forever,” he states.

    “An old message you already forgot about can be taken out of context and used against you decades later. A hasty text you sent to a girlfriend in school can come to haunt you in 2030 when you decide to run for mayor,” he added.

    However, not everyone agrees with this interpretation of the “Delete for Everyone” option.

    The US TechCrunch Tech portal, specializing in startups and new technologies, is against to what Durov says.

    ”More accurately it removes control from everyone in any private chat, and opens the door to the most paranoid; lowest common denominator; and/or a sort of general entropy/anarchy — allowing anyone in a private thread to choose to edit or even completely nuke the chat history if they so wish at any moment in time.” wrote this portal.

    In addition, says TechCrunch, the new option allows Telegram users to manipulate edits.

    ”The feature could allow for self-serving and selectively silent and/or malicious edits that are intended to gaslight/screw with others, such as by making them look mad or bad.”

    The competition, messaging app WhatsApp, also allows users to delete a message for everyone in a chat. But the WhatsApp’s delete features is restricted to messages you sent. there is no notification automatically baked into the chat history to record that a message was deleted.

    In Telegrams new feature there’s no record.

    The ‘record’ is killed.

    There’s no indication there was ever a message.

    The Telegram in its blog from March,24 named ”Taking Back Our Right to Privacy” wrote:”Today, we are giving hundreds of millions of users complete control of any private conversation they have ever had. You can now choose to delete any message you have sent or received from both sides in any private chat. The messages will disappear for both you and the other person – without leaving a trace.”

    The Telegram in its blog from March,24 named ”Taking Back Our Right to Privacy” wrote:

    ”Today, we are giving hundreds of millions of users complete control of any private conversation they have ever had. You can now choose to delete any message you have sent or received from both sides in any private chat. The messages will disappear for both you and the other person – without leaving a trace.”

    Also, there is no possibility to reassemble deleted communication.

    Honestly, we are not certain, nor Telegram provides that information, does a copy stays anywhere on their servers.

    Telegram claims “leave no trace on our servers”.

    The absence of such information will easily open Telegram to finger-pointing it’s acting negligently. The offering such delete option with zero protection sounds pretty immoral and irresponsible.

    A year ago Facebook was criticized for testing an alike feature. The incident was called as another Facebook breach of user trust.

    Later, Facebook developed a weakened Unsend feature. That feature gives users the possibility to dismiss a message they’d sent. But it is possible only in the frame of 10 minutes after publishing the message.

    Back to Telegrams new app.

    Only Durov could prove that the messages are deleted from its end too.

    Honestly, it requires unimaginable established server’s memory even for a tiny item.

    If everything as like as Durov said, we could go to his inbox and delete whatever we want.

    Don’t you think so?

    Maybe the new Telegram app is not so bad after all.

    Don’t waste your money!

    risk disclosure

  • New Elon Musk’s AI Fake Text Generator is Too Dangerous to Release

    New Elon Musk’s AI Fake Text Generator is Too Dangerous to Release

    2 min read

    New Elon Musk’s AI Fake Text Generator is Too Dangerous to Release
    We are all aware of the problem of fake news online, and not only online.  

    Elon Musk-backed AI Company claims it made a Text Generator that’s too dangerous to release.

    What is it all about?

    The OpenAI has developed an AI system that can create such impressive fake news content. But the group is too afraid to release it publicly. Their fears are referring to misuse.

    They’re letting researchers see a small part of their work.

    So we cannot say they are hiding it completely. But, the group’s fear here is very weird.

    The developers used 40GB of data pulled from 8 million web pages to train the GPT-2 software. That’s ten times the amount of data they used for the first of GPT.

    This time they trailed dataset together by trolling through Reddit. And they were selecting links to articles that had more than three upvotes. When the training process was complete, they found that the software needs a small amount of text to continue writing.

    The software has trouble with “highly technical or esoteric types of content”. But when it comes to a more conversational type of writing it generated “reasonable samples” 50 percent of the time.

    “Our model, called GPT-2, was trained simply to predict the next word in 40GB of Internet text,” writes a new OpenAI blog. “Due to our concerns about malicious applications of the technology, we are not releasing the trained model. As an experiment in responsible disclosure, we are instead releasing a much smaller model for researchers to experiment with, as well as a technical paper.”

    AI is good but risking

    OpenAI, a nonprofit research company backed by Elon Musk, Reid Hoffman, Sam Altman, and others, says its new AI model, called GPT2 is so good and the risk of malicious use so high. That’s why they are breaking from its normal practice of releasing full research to the public. Instead, they will allow more time to discuss the ramifications of this technological discovery.

    How does it work? Here is one example.

    The software was supplied this paragraph:

    ”In a shocking finding, scientist discovered a herd of unicorns living in a remote, previously unexplored valley, in the Andes Mountains. Even more surprising to the researchers was the fact that the unicorns spoke perfect English.”

    Based on two sentences, it was able to continue writing a news story for another nine paragraphs in a fashion that could have seemingly been written by a human being.

    Here are the next few sentences that were produced by the machine:

    ”The scientist named the population, after their distinctive horn, Ovid’s Unicorn. These four-horned, silver-white unicorns were previously unknown to science.

    Now, after almost two centuries, the mystery of what sparked this odd phenomenon is finally solved.

    Dr. Jorge Pérez, an evolutionary biologist from the University of La Paz, and several companions were exploring the Andes Mountains when they found a small valley, with no other animals or humans. Pérez noticed that the valley had what appeared to be a natural fountain, surrounded by two peaks of rock and silver snow.”

    The Guardian was able to take the software for a test and tried out the first line of George Orwell’s Nineteen Eighty-Four: “It was a bright cold day in April, and the clocks were striking thirteen.”

    The AI program selected among the tone of the choices and proceeded with own dystopian science fiction:

    ”I was in my car on my way to a new job in Seattle. I put the gas in, put the key in, and then I let it run. I just imagined what the day would be like. A hundred years from now. In 2045, I was a teacher in some school in a poor part of rural China. I started with Chinese history and history of science.”

    What a story!!!

    Can you imagine what such a system could do, for example, with president candidate biography?

    The assumptions of this are why OpenAI says it’s only releasing publicly a very small portion of the GPT-2 sampling code.
    It’s not releasing any of the dataset, training code, or “GPT-2 model weights.”

    The OpenAI blog announces this:

    “We are aware that some researchers have the technical capacity to reproduce and open source of our results. We believe our release strategy limits the initial set of organizations who may choose to do this, and gives the AI community more time to have a discussion about the implications of such systems.”

    Fake news is the obvious potential downsides. The AI’s is unfiltered nature. It is trained on the internet, so it is not hard to inspire it to generate biased text, conspiracy theories and so on.

    “We need to perform experimentation to find out what they can and can’t do,” said Jack Clark, the nonprofit company’s head of policy. “If you can’t anticipate all the abilities of a model, you have to prod it to see what it can do. There are many more people than us who are better at thinking what it can do maliciously.”

    Yes, keep this AI away from using a bit more time, please.

    The bottom line

    AI, Artificial intelligence can be extremely useful for everyday life to the implementation in the stock market. A lot of modern tools we are using every day have some part of AI. It is a high-tech’s geeks dream to implement AI everywhere. But it isn’t possible. Something has to be done by humans.

     risk disclosure

  • The algorithms make fails

    The algorithms make fails

    Algorithmic errors that could cost us a lot. Embarrassingly algorithms make fails more often than you expect.

    3 min read

    Automated Trading Systems Can Increase Your Trading Profits 2
    Yes, algorithms make fails. Technology is not just for geeks, but for all of us. That’s a lot of people. Only a few companies such as Apple, Amazon, Microsoft, and Google have control over our wallet.

    Do they make decisions by themselves or it is an algorithm involved in the whole process that helps them to make important decisions?

    Big companies increasingly rely on algorithms. It doesn’t always work out.

    Vignettes that tell tales of companies pushing their technologies forward, ignoring conventional wisdom and social norms fill modern history.

    YOU WOULD LIKE TO READ: Artificial intelligence and machine learning we can apply to the financial markets

    But what happens in today’s modern machine learning, AI-driven world when the algorithms fail?

    What happens when the machine isn’t offering advice, but provide a decision? And do it wrong. What to do when the machines are wrong? Who’s liable? Does liability now move from the user to the provider of solutions?

    Social media relies on algorithms to match their users with content that might interest them.

    But what happens when that process goes messy? When algorithms make fails?

    Over the past several years, there have been some serious fails with algorithms. Algos are the formulas or sets of rules used in digital decision-making processes. Now, the question is, do we put too much trust in the digital systems.

    There’s one clear standout: the algorithms making the automated decisions that shape our online experiences require more human oversight.

    A perfect example is the Facebook News Feed. No one knows how it works that some of your posts show up on some people’s News Feeds or not, but Facebook does.

    The first case in a string of incidents involved Facebook’s advertising back end. After it was revealed that people who bought ads on the social network were able to target them at self-described anti-Semites.

    Disturbingly, the social media’s ad-targeting tool allowed companies to show ads specifically to people whose Facebook profiles used words like “Jew hater” or “How to burn Jews.”

    The algorithms make fails 2

    The website paid $30 for an ad that targets an audience that would respond positively to things like “why Jews ruin the world” and “Hitler did nothing wrong.”

    It was approved within 15 minutes.

    But Facebook’s racist ad-targeting didn’t cause enough for concern.

    Instagram was caught using a post that included a rape threat to promote itself.
    The algorithms make fails 3
    After a female Guardian reporter received a threatening email, “I will rape you before I kill you, you filthy whore!” she took a screen grab of the message and posted it to her Instagram account. The image-sharing platform then turned the screenshot into an advertisement, targeted to her friends and family members.

    Scary and unethical. But it’s an algorithm that makes fails.

    Try to tell that to the people that were targeted.

    And, how about Amazon showing you related books? Related searches on Google? All of these are closely guarded secrets that do a lot of work for the company and can have a big impact on your life.

    It’s logical to ask ourselves, what are the ethics of liability, and who will be responsible if and when algorithms take over?

    Human beings have an explanation, no matter how imperfectly, why they took the actions that they did. Simple rule-based computer programs leave a trail. But the cognitive systems cannot explain or justify their decisions.

    YOU WOULD LIKE TO READ: Artificial intelligence and machine learning we can apply to the financial markets

    For example, why did the autonomous vehicle behave the way it did when its brakes failed?

    Who is responsible when it is hacked?

    Will data companies need insurance coverage for forwarding forecasts or will the usual legalese in marketing and delivery footnotes suffice?

    Will they need to advise customers that they should not rely, for business purposes, on the expensive systems they have just purchased?

    There are so many questions, but we want to point some algo fails from the recent past.

    Algorithms aren’t perfect.

    Algo fails and some fail spectacularly. Speaking about social media, a small glitch can turn into a PR nightmare real quick. It’s rarely malicious. This is something that the New York Times calls “Frankenstein Moments.” The situation where the creature someone created turns into a monster.

    There are so many examples of how the algorithms make fails.

    Everyone who has the profile on Facebook, with no doubt can see its end-of-year, algorithm-generated videos with highlights from the last 12 months.

    This example happened in 2014. One father saw a picture of his late daughter. Another man saw snapshots of his home in flames. Other examples show people seeing their late pets, urns full of a parent’s ashes, and deceased friends. By 2015, Facebook promised to filter out sad memories.

    The truth is that most of the algorithms fail are far from fatal. 

    But the world of self-driving cars brings in a whole new level of danger. That’s already happened at least once. A Tesla owner on a Florida highway used the semi-autonomous mode (Autopilot) and crashed into a tractor-trailer that cut him off.

    Yes, Tesla quickly issued upgrades. But we have to ask, was it really the Autopilot mode fault? The National Highway Traffic Safety Administration says maybe not since the system requires the driver to stay alert for problems. Now, Tesla prevents Autopilot from even being engaged if the driver doesn’t respond to visual cues first.

    One of the examples is the case from Twitter.

    There is another example of algorithms make fails. A couple of years ago, chatbots were supposed to replace customer service reps. The aim was to make the online world a chatty place to get info.

    Microsoft responded in March 2016 by promoting an AI named Tay. It should provide that people, specifically 18- to 24-year-olds, may interact with on Twitter. Tay, in turn, would make public tweets for the masses.

    But in less than 24 hours, Tay became a full-blown racist. She learned from the foul-mouthed masses, obviously.

    Microsoft pulled Tay down instantly. She returned as a new AI named Zo in December 2016. But now with “strong checks and balances in place to protect her from exploitation.”

    The social media companies are not the only ones afflicted by these algorithms fails. It seems that Amazon’s recommendation engine may have been helping people buy bomb-making ingredients together.

    The online retailer’s “frequently bought together” feature might suggest you purchase sugar after you’ve put an order of powder. But, when users buy household items used in homemade bomb building, the site suggested they might be interested in buying other bomb ingredients.

    What do these mishaps have to do with algorithms?

    The common element in all the algorithms fails is that the decision-making was done by machines. It highlights the problems that can arise when major tech firms rely so heavily on automated systems. 

    There are legal issues here. And there are ethic issues. There might be basic training in “use the algorithm as input” but the final decision is a human one. And one day, some human is going to make the wrong “human decision.” When an algorithm says “no” and a person cancel it, we all know that the shit is going to hit the fan.

    The tide is changing in this area. It comes with increased demands for algorithmic transparency and bigger human involvement. It is necessary to avoid the problematic outcomes we’ve seen in recent years.

    But real change is going to require a philosophical shift.

    The bottom line

    The companies have a focus on growth and scaling. And to fit the massive sizes, they have turned to algorithms. But, algorithms make fails, as we can see.

    But algorithms do not exist in isolation. As long as we rely solely on algorithmic oversight of things like ad targeting, ad placement and suggested purchases, we’ll see more of these disturbing scenarios. While algorithms might be good at managing decision-making on a massive scale, they lack the human understanding of context and gradation. And ethic too.

    Risk Disclosure (read carefully!)

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