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It's a terminology used and abused by a lot of job descriptions on career boards. I never really fully understand it though. I have a vague felling about its being related to the study of transaction cost, bid-ask spread, execution efficienty etc. Can anyone offer some authority over its...

I know the SIAM National FinMath Career Fair celebrated its seventh incarnation in 2007 and was held in NYU. But do we have one in 2008? How come I haven't seen or heard of anything/website related to it? :sos: