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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...

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)

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?

minus 2 sequentially? WRONG! ans pls.

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.

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...

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

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??

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

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?

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...

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

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...

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...

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.

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

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...

VELVET REVOLVER, The Bravery and Feist

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

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...

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:

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...

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

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"...

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...

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...

Train your brain

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...

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...

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.

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...