"This could be the most hated book of the year."
A reader's comment:
"So we gave these guys $1Trillion in tax cuts. Where's the $20Trillion in improvements in the economy?"
I was there 10 years ago before it blew up, can't believe I didn't move there.
In the meantime, companies will have to be largely self-taught, said Nick Halstead, CEO of DataSift, one of the U.K. start-ups actually doing Big Data. When recruiting, he said that the ability to ask questions about the data is the key, not mathematical prowess. "You have to be confident at the math, but one of our top people used to be an architect".
"You have to be confident at the math, but one of our top people used to be an architect".
In a previous post I discussed the mechanics of HFT. If you haven’t read it, go read it now. Now I’ll discuss it’s social utility and cost.
I’m a former high frequency trader. And following the tradition of G.H. Hardy, I feel the need to make an apology for my former profession. Not an apology in the sense of a request for forgiveness of wrongs performed, but merely an intellectual justification of a field which is often misunderstood.
In this blog post, I’ll attempt to explain the basics of how high frequency trading works and why traders attempt to improve their latency. In future blog posts, I’ll attempt to justify the social value of HFT (under some circumstances), and describe other circumstances under which it is not very useful. Eventually I’ll even put forward a policy prescription which I believe could cause HFT to focus primarily on socially valuable activities.
The principles of openness and universal access that underpinned the creation of the internet three decades ago are under greater threat than ever, according to Google co-founder Sergey Brin.
