Tag Archives: author

Trust blockchain tech after Bitcoin author revealed?

Trust blockchain tech after Bitcoin author revealed?

Can this technology still be trusted

 

On a recent Monday in April, more than 100 executives from some of the world’s largest financial institutions gathered for a private meeting at the Times Square office of Nasdaq Inc. They weren’t there to just talk about blockchain, the new technology some predict will transform finance, but to build and experiment with the software.

To read the entire article, go to http://bloom.bg/26KrCvs

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Problem with HFT book? What about the author?

Problem with HFT book? What about the author?

Boy this guy is very hell bent against an industry he seem to fail at. I call that ‘INTERESTING’!

http://www.amazon.com/gp/product/B00B1UDSS4?ie=UTF8&camp=213733&creative=393177&creativeASIN=B00B1UDSS4&linkCode=shr&tag=haimbodekcom-20&linkId=BA74WWQTH5YHROYI&qid=1422817244&sr=8-1&keywords=problem+of+hft

 

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Billionaire and Book Author Warns: Yellen Collapse ‘Will Be Unlike Any Other’–BORING!

Billionaire and Book Author Warns: Yellen Collapse ‘Will Be Unlike Any Other’–BORING!

Read Latest Breaking News from Newsmax.com http://www.moneynews.com/MKTNews/Billionaire-yellen-market-collapse/2014/07/21/id/583962#ixzz38PNbOcHG
Urgent: Should Obamacare Be Repealed? Vote Here Now!

Please..another bunch of people selling books but thank Sholom

 

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Debate: Black Swan Author Nassim Taleb vs Didier Sornette

 

Debate: Black Swan Author Nassim Taleb vs Didier Sornette

From the NYC Contact so thanks to him
Nassim:

1) Your dynamic models are too sensitive to small input parameter changes, Power Laws/Distributions are very sensitive to change in alpha (tail exponent).

2) In the real world, an engineer needs an AntiFragile approach to building and testing a Bridge.

3) Dragon Kings are actually Gray Swans named by Taleb and Mandelbrot.

4) Your dynamic models can expose you to concave risk (i.e are fragile). Concave risk when exposed to a random variable has a negative nonlinear response and is therefore fragile.

Didier:

1) My models don’t use Power Distributions, they use (here I’m not sure what he said, I think Stable distributions is what he uses).

2) Your AntiFragile Method is static, you lack the time dimension. An engineer needs to test the bridge dynamically in the time dimension (i.e tests need to be performed over time and under a variety of different weather conditions).
3) I like the Dragon King name, It sounds much better.

4) My models don’t give a precise time prediction thus they are not concave fragile, They allow you to estimate possible turning/inflection points where you can take convex/antifragile risks.

They both agree on the following:

1) Dynamic models are useful to estimate turning points/pockets of prediction in an otherwise non-predictive environment.

2) That you need Dynamic Modeling with a time dimension for identifying high probability trade setups,(but not for precise predictions), and you need a convex/AntiFragile approach when putting on actual trades.

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There was an epic battle Too-big-to-fail between Larry Summers, Black Swan Event author Nassim Taleb

There was an epic battle  Too-big-to-fail between Larry Summers, Black Swan Event author Nassim Taleb

http://blogs.marketwatch.com/thetell/2014/05/15/too-big-to-fail-battle-between-larry-summers-nassim-taleb/?mod=WSJBlog&utm_source=dlvr.it&utm_medium=facebook

ANother interest article related: http://brucewilds.blogspot.ca/2014/05/facing-our-economic-armageddon.html

This was highlighted by the NYC Contact so thanks to him

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More HFT commentary on the HFT markets are ‘rigged’ thanks from Michael Lewis Flash Boys author

More HFT commentary on the HFT markets are ‘rigged’ thanks from Michael Lewis Flash Boys author

Sorry about the bad typing and grammar as I bang this out in real time:

From Bloomberg TV:

Arthur Levitt:

Many don’t believe the markets are rigged. His book is hyperbole. The markets are cheaper and faster. Acknowledges there are problems.

It is accused that liquidity is hindering.

Rep. Scott Garrett of New Jersey

No need for further regulation.  Too much regulation already where speed gives you an edge.

Virtu was mentioned with 1 day of down day.  How does one go up against computers?

Levitt:

SEC is looking at the rules of 15 years to modernize. He is skeptical about there are some deficient HFT trading operations.

Half of all US equities is traded by HFT. How to regulate which does not squash the technology?

Garrett: SEC needs market structure reform. Things have changed in 15 years. First do no harm with the hearings. Do not make the system worst looking at empirical data not based on some book.

Levitt: Number of programs to test in trade in fractions vs decimal. Need balance and stifle ideas but protect investors.

Garrett: SEC is now on board with pilot programs coming.

My take:

Good job on this reportin instead of listening to some chatter box author but don’t forget these politicians could be bought with the heavy lobbying from the financial industry. Who knows where this goes?

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Quantitative finance Quantlib author has set of excellent tutorial available for using Quantlib

Quantitative finance

Quantlib author has set of excellent tutorial available for using Quantlib

This page collects the latest drafts of my ongoing effort, Implementing QuantLib. You’re welcome to read them; I’ll be most grateful for any feedback, corrections, and criticisms.

Currently available chapters:

Table of Contents
(October 18th, 2010; 87 kB)
1. Introduction (July 27th, 2009; 129 kB)
2. Financial instruments and pricing engines (February 16th, 2010; 245 kB)
3. Term structures (April 28th, 2010; 268 kB)
4. Cash flows and coupons (February 16th, 2010; 289 kB)
A. Odds and ends
(October 18th, 2010; 218 kB)
B. Code Conventions
(July 27th, 2009; 136 kB)
Bibliography
(October 18th, 2010; 83 kB)

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