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by Edouard Chazal

2012 → 2023

4549 Words In 20 Milliseconds

Deep dive into the world of algo-trading :

In a mere 20 milliseconds, the world’s ‘traders’ had managed to read Bernanke’s 4549-word script, interpret it (as bearish in this case – which apparently is wrong now?) and start to sell down the major equity indices.

→ Zero Hedge

Posted on 05/09/201227/04/2015Categories High-Frequency Trading, QuantsLeave a comment on 4549 Words In 20 Milliseconds

The Formula That Killed Wall Street

david li

His method was adopted by everybody from bond investors and Wall Street banks to ratings agencies and regulators. And it became so deeply entrenched—and was making people so much money—that warnings about its limitations were largely ignored.

→ Wired

Posted on 05/09/201225/04/2015Categories Mathematics, Quants, StatisticsTags 2008Leave a comment on The Formula That Killed Wall Street

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