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  1. Erica

    What is going on at Bear Stearns ?

    A thought and a question. Thought: Bear is also a credit provider, vis-a-vis their prime brokerage operations. If they have no money to lend, adding to commentary by Unknown referenceid, Bear is hurt both ways. Abnormal default spread may very well be an exposure to a client. Carlyle, et...
  2. Erica

    Nick Leeson - 2 (a trader looses $7.16 billion)

    7 bln losses by playing deltas on the SPX?? Did anyone happen to notice that this highly implausible tale was immediately followed by SocGen announcing their relatively respectable 2 bln subprime writeoff? As a rule, I am not a conspiracy nut but this story smells(like poo)
  3. Erica

    2008 Interactive Brokers Collegiate Trading Olympiad

    is any one trading etf optx? My order entry is written in VB and works for stock using paramb "STK" but when I use "OPT" I get no response. It complies and try catch comes up with nothing. Any suggestions?
  4. Erica

    Quantitative Interview questions and answers

    minus 2 sequentially? WRONG! ans pls.
  5. Erica

    JMU Quantitative Finance Degree

    I am sure JMU offers a perfectly respectable undergrad Math Fin program. However, if you aspire to work on Wall Street, high-quality employment STARTS with a Master's degree. Also, as a young person, a solid internship is key and you have geography working against you.
  6. Erica

    Future of MFE

    you're only as good as your last trade JC, have you never heard this expression? Everybody who works on Wall St is overcompensated in the good times and (euphimistically) undercompensated during times that are bad. It's the nature of the beast. If one started in the industry in the...
  7. Erica

    Interest in Intro to Unix/Linux during January

    I am not an MFE student, but I am an undergrad at Baruch and am interested in attending. Erica
  8. Erica

    QuantDay 2007, 10/31

    Hey Steve, Hope that any back to school trauma has subsided and that all is well. BTW, I'm still in shock and it's been over a year.:dance: Anyways, do you have any idea what the cost of this is??
  9. Erica

    Interested in Trading simulation at Subotnick Center?

    Sounds cool, although if the event is held on the 5th of Oct, it will conflict with this... 2008 Interactive Brokers Collegiate Trading Olympiad - QuantNetwork - Financial Engineering Forum
  10. Erica

    Interested in Trading simulation at Subotnick Center?

    Christian, Sorry if this sounds like a silly question but what exactly do you mean by simulated trading session? Trading against one another, if so who is the broker? Otherwise do you mean program vs. program, if so what is the common market?
  11. Erica

    2008 Interactive Brokers Collegiate Trading Olympiad

    Max: Can you not get this data through Reuters or Bloomberg? They are both available at Subodnik, given you download and then send an email to yourself...If I'm mis-informed please let me know. Vladimir: Are you taking Probability at Baruch this semester? If so, then hello. If not, there is...
  12. Erica

    What was your undergrad major?

    B.S Print Journalism, University of Colorado, Boulder '93 Guess who had to go back and take ALL the pre-requisite courses?:tiphat:
  13. Erica

    Quantitative Methods and Modeling

    2 cents At Baruch, Stats and CIS are the same department both of which are housed in the business school, Zicklin. I have taken STA 2000, CIS 3100 and STA 3155(which was merged into a graduate level class due to lack of student interest. I was very dissatisfied with all of these courses, and...
  14. Erica

    Dollar Declines to Record Low Versus Euro Before Fed Meeting

    more thought on USD Weak dollar means strong US multinational profits(good for KO, PEP, GE, MCD etc) Not so good for the US consumer(imports look more expensive) Also not good for keeping commodity prices low(for example, oil is priced in USD, if the dollar declines it takes more dollars to...
  15. Erica

    academic calendar?

    new website Agreed, I do not find the new design to be an improvement. To access webmail, blackboard et al, click the link labeled current students on the upper right hand corner of the main page.
  16. Erica

    For Wall Street's Math Brains, Miscalculations (from the Washington Post)

    from With so little liquidity in the market, his holdings began to burst into flames.
  17. Erica

    Fed Unexpectedly Cuts Discount Rate

    it is notable that they lowered the discount rate( vs changing target on fed funds) if you read between the lines, the fed is telling banks that if they want an overnight loan, banks with liquidity issues must reveal themselves to the fed. another thought: in hindsight, repealing...
  18. Erica

    What are you listening to now ?

    VELVET REVOLVER, The Bravery and Feist
  19. Erica

    Doubts about Financial Engineering

    to get a reasonable trading job nowadays, the degree is a Master's in math, engineering, cs or clearly, fe. for sales/ trading it's an mba
  20. Erica

    Hi: not a FE but thinking about it.

    FE in 10 years.. 1. portfolio managers: the creation of a larger number of non-correlated asset classes (see #3 and #4) 2. market makers/traders: expanded provable definitions of what constitutes theoretical edge as well as improved multi-platform execution capabilities. for illiquid markets...
  21. Erica

    Really easy C++ programming question

    thanks all I'l post my solution soon. This community's sophisticated level of knowledge and absolute willingness to help never ceases to amaze me. Thanks again. Have a great day and enjoy the dancing banana :dance:
  22. Erica

    Really easy C++ programming question

    How does one represent n! in C++? There's got to be a more direct way than creating a loop. If it's relavant to the answer, I am creating templates for calculating probability density functions. I am aware that I can calculate these in Excel using built in functions but what fun would that be...
  23. Erica


    ouch.. but...250MM/29.3BLN < 1%. Nonetheless this proves, once again, that you are only as good as your last trade...
  24. Erica

    Calculus and C++ classes

    Su, this one's for you Sorry, I couldn't help myself... I am currently fulfilling pre-requisites at Baruch as a part-time undergrad second degree student and there is no reason why you can't too. Classes are cheaper ($170 per credit vs $250) and you will come in as a "super-senior"...
  25. Erica

    Subprime Problems Hit Both Goldman and Bear Stearns

    Interpreting the news... I think of a CDO as a essentially a mortgage backed security with severe internal(vs. external) credit enhancements, namely a multi-tier structure including the equity tranche. (I realize that a traditional pass-through has only extension /contraction risk whereas other...
  26. Erica

    Fall 2008 admission

    2008 Application Advice These questions are directed at successful applicants, I will be applying for Fall '08 admissions. Any advice is apprieciated. 1. Essay - Maximum length is 3 pages double spaced. Did you use the entire space allowed, or strictly enough to tell your story? 2. Letters of...
  27. Erica

    QUANTNET CONTEST : Brainstorming a slogan

    Train your brain
  28. Erica

    Hi! I'm new and I come with questions!

    taking classes as a non-degree student Hi Dave, My circumstances are similar to yours, in that I am collecting prerequisites for entry into a Master's program. For what it's worth, Baruch is at the top of my list. I would advise you to go to one of their open house sessions and you will...
  29. Erica

    A trading related question?

    Apologies in advance if this isn't mathmatical enough, I'm giving you this response as a former trader. If you go short the straddle(sell call and sell put) you collect premium upfront which decreases over time at expiration, value is zero and you win. The beauty of theta. However, you have...
  30. Erica

    New Quantnet members say hi

    re the downgrading of Steve Townsend Congratulations to you on your demotion. :) I'd wish you luck, but I don't think you need it.
  31. Erica

    New Quantnet members say hi

    Re: For all new Quantnet members, please say hi here Hello Quantnet members, My name is Erica and I am currently pursuing a Math undergrad/ Baruch MFE pre-requisites here at Baruch. Next semester will be Calc 2, Regression and Forecasting and Algorithms. I am looking to apply to the MFE...