Is there a way to express/model technology so that it isn't considered this accessory but something that is core to their values/mission?
Have we not done a good job of proving that investment in technology is a force/profit multiplier?
Have we not done a good job of proving that investment in technology is a force/profit multiplier?
Many firms benefit from better data. All that data needs to be acquired and managed. Many firms benefit from better analytics and models. Those models need to be tested and implemented.
Your number is low.
Even at Two Sigma, the engineers are second class to the quants.
Edit: maybe $350k is at the border for that 5 each estimate. But i still think you're of by an order of magnitude in nyc in general.
Now a lot of the time, firms can get a better product by purchasing one than trying to build something in house (where anyone producing HFT tech won't sell that product because it's an immensely valuable trade secret). This said, I'm sure there are forms of intelligence gathering that is also built in house by firms that allow them to implement market beating strategies.