Application of Interest Rates in Algo Trading

Hi,

I'd like to know how interest or interest rates are used (if they are used at all) in trading, specifically algorithmic trading.

I was under the impression that for HFT a trading firm creates algorithms to trade at high volumes, does the firm use their own money or a pool of peoples money like a hedge fund?

Also, someone else told me that they leverage money by borrowing and pay interest on that borrowed money to leverage, is that also true?

Does anybody working in the firm, either an algo developer or trader/analyst deal with interest directly?

Thanks.

2 Comments
 

The amount of securities where the price is impacted by treasury rates is ridiculously high. There are probably thousands and thousands of different applications of interest rates in the pricing of different assets in algo trading. Think about how interest rates impact FX and bond prices alone and the amount of other securities those impact. I'm willing to bet the vast majority of algos use interest rates somewhere in their calculations.

This to all my hatin' folks seeing me getting guac right now..
 

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