How Nicholas Crown Made his Money

How Nicholas Crown Made his Money

#Happy #businessowner #smallbusinessowner #entrepreneur #entrepreneurlife #nicholascrown #Rich #ReallyRich #investor #Rituals

[NicholasCrownYouTube]

Speed matters in trading because it often means you can get a better (or the right) price or fill more of your order before the “next guy”. This was especially important in arbitrage trading with extremely small profit margins.

[jpargentino]

Fuck yes! Out of all of the videos that I’ve seen from Nicholas, this small short clip just makes me grin from ear to ear.

[shlomoboggins]

I trade futures index on the CME, I have pay to rent a server at the CME in addition various levels of market data to trade. There is no way, and I mean no way, to have an edge in a highly volatile and a high volume market if you’re not executing orders along with institutional money. Latency is a MAJOR factor when trading, man if you can take advantage of that it’s like riding a wave to the bank vaults.

[johnmcho]

OG flash boy. Millisecond arbitrage is crazy.

[haman]

I always loved this dude because he was so on point with his rich/really rich skits. But this just sounds like he heard someone else say it. I mean he's got the gist of it, but he's explaining it like the only thing he knows is how it's been explained to him. Not gonna lie, a bit sus this one.

[iamteuton]

I thought it was from all the "Rich vs Really rich" skits

[mumblesbadly]

LOL! I’d heard about how trading firms innovated speedy trading by using physical locations closer to the exhange servers as Nicholas explains, but I never knew of a particular person who made bank from such a competitive move!

[CoiledTortoise]

Total B.S. the length of fibre colocated to the exchange is the same for everyone. The fact that he’s even talking about it updating in the terminal shows he’s not being truthful.

[thatwhitegti]

Love him, but he needs bigger glasses

[samueleveleigh]

This is why by the way why newer exchanges hmare using slower speeds to help keep things a bit more fair

[legendofthepeach]

Everyone has been doing this for decades

[dougr]

I thought they made that illegal after the guy from RBC caught people doing that.

[jfilbert]

You can ostensibly front run Goldman but how do you know what they're trading unless by saying "Goldman" you mean that as a proxy for "the Market" in general?

[larryleventhal]

Interesting, wonder how you got goldman's latency but the rest made sense.

[phillyphan]

so this is the guy Michael Lewis wrote Flash Boys about lmao

[davewhite]

Actual rich guys aren’t making YouTube videos

[XCOMMONDX]

If you want to better understand what he means watch this movie! The Hummingbird Project

[PaulTol]

Nice:)

Worked the hardware end for a bit. Does Chicago also have 100Mbit? That was the biggest hurdle for the German market when I ran the hardware end.

[zander]

Yeah look up Money and Speed along with The wall street code documentary.

[Timtimzi]

ah so this is the quick flip strategy? almost like computerized trading for pennies on the dollar but scaled up?