You are currently browsing the daily archive for 3 December, 2010.

Figure – High-Frequency Financial trading world-wide map showing optimal hotspots, from (fig.2, pp.5) in A.D. Wissner-Gross and C.E. Freer,”Relativistic Statistical Arbitrage“, Physical Review E 82, 056104, 2010. (ABS.:) Recent advances in high-frequency financial trading have made light propagation delays between geographically separated exchanges relevant. Here we show that there exist optimal locations from which to coordinate the statistical arbitrage of pairs of spacelike separated securities, and calculate a representative map of such locations on Earth. Furthermore, trading local securities along chains of such intermediate locations results in a novel econophysical effect, in which the relativistic propagation of tradable information is effectively slowed or stopped by arbitrage.

All those tiny blue circles above, come together into a real financial treasure map! In case you wonder, below is part of my own financial treasure DNA map (of course, blurred and noised on purpose. Just don’t ask me what type of noise this is. Hint: it’s not salt & pepper!). Meanwhile, check this out… and guess what? We have got company… :)

[…] Golden Networking’s High-Frequency Trading Happy Hour, December 7th, 2010, will bring the high-frequency trading community together to listen to Adam Afshar, President and CEO, Hyde Park Global Investments, Milind Sharma, CEO, QuantZ Capital Management, and Peter van Kleef, CEO, Lakeview Arbitrage, on “How to Get High-Frequency Trading Right First Time” […] Mr. Afshar is Hyde Park Global’s President and Chief Executive Officer. He has over two decades of financial industry experience including 12 years at Bear Stearns where he was a Managing Director, overseeing long/short multi asset portfolios for both onshore and offshore clients. Hyde Park Global Investments is a 100% robotic investment and trading firm based on Artificial Intelligence (AI). The system is built primarily on Genetic Algorithms (GA) and other Evolutionary models to identify mispricings, arbitrage and patterns in electronic financial markets. Additionally, Hyde Park Global Investments has developed programs applying natural language processing and sentiment analytics to trade equities based on machine readable news. Hyde Park Global employs no analysts, portfolio managers or traders, ONLY scientists and engineers. Mr. Afshar has a BA in Economics from Wofford College and received his MBA from the University of Chicago, Booth School of Business. […] Mr. Sharma is Chief Executive Officer, QuantZ Capital Management. He ran the LTMN desk in Global Arbitrage & Trading at RBC where he served as Portfolio Manager for Quant EMN, Short Term & Event Driven portfolios [up to $700mm gross]. In his capacity as Director & Senior Proprietary Trader at Deutsche, he managed Quant EMN portfolios of significant size & contributed to the broader prop mandate in Cap Structure Arb & with LBOs. Prior to that he was co-founder of Quant Strategies (previously R&P) at BlackRock (MLIM), where his investment role spanned a dozen quantitatively managed funds & separate accounts with approx $30B in AUM pegged to the models. Prior to MLIM, he was Manager of the Risk Analytics and Research Group at Ernst & Young LLP where he was co-architect of Raven (one of the earliest derivatives pricing/ validation engines) & co-created the 1st model for pricing cross-currency puttable Bermudan swaptions. […] in How to Get High-Frequency Trading Right First Time, NY, Dec.2, 2010 + www.hfthappyhour.com .

“The first serious infowar is now engaged. The field of battle is WikiLeaks. You are the troops”. ~ WikiLeaks, Dec. 3, 2010. / “It’s not wrong to lie, cheat, steal, corrupt, and torture. It’s wrong to let people know about it”. ~ Robby Pickert (@zerocl). / “I do not agree with what you have to say, but I’ll defend to the death your right to say it.” ~ Voltaire

One thing that WikiLeaks have shown, among many others, is that the (“corporate“) United States of America are no longer worried about open democracies along with their 1st amendment free speech. What WikiLeaks is doing, is just part of what any proper journalism should be doing, but scarcely does. So, here’s a simple piece of advise: if WikiLeaks goes down, we all (as open free democracies) go down. Do not doubt one second about it…, We are all Julian Assange, now…; So do please stop with that “You can’t handle the truth” anecdote idiosyncrasy shit. The sad irony of all these, is that Assange himself, is now the most persecuted hunted man on planet Earth, instead of Bin Laden

note – As I have twitted this morning, 10 AM GMT time at https://twitter.com/#!/ViRAms/status/10638501351530496, WikiLeaks were still available at http://wikileaks.ch after a 48h trial succession of WWW host places, including Amazon.com, who left them on the string very badly. Let’s now see how much that endures…)

note II (Dec. 5) – On Dec. 4, WikiLeaks.ch was down but soon 3 new mirror sites were available at http://wikileaks.de http://wikileaks.fi http://wikileaks.nl . It’s a cat and mice game.

[...] People should learn how to play Lego with their minds. Concepts are building bricks [...] V. Ramos, 2002.

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