Search results

  1. GusTsahas

    Side business

    I have been self employed for many years and have a couple of different firms active at a time so the newer business feels like a side job until the money gets serious enough to warrant full time attention. The good thing is no one is looking over my back on the recourses allocated between the...
  2. GusTsahas

    canceled IB Collegiate Trading Olympiad ...picking up the slack

    The best part of the IB competition was the fact that the “real” TWS trading platform and market data was used which gave the participants a real-world trading desk feel. By the end of the two month competition I was stressed by my additional part time job but quite happy the prize covered my...
  3. GusTsahas

    Harvard's Bet on Interest Rate Rise Cost $500 Million to Exit

    When the swaps were broken early it becomes just a trade; someone will win and someone will lose and Harvard lost this time. Everyone loses on a percentage of their trades and Harvard is no different in this regard. I remember a few short years ago the alumnis pressing issue was the...
  4. GusTsahas

    2009 Quantnet Ranking of Financial Engineering (MFE), Quantitative Finance Programs

    Prof. Maymin's logic is flawed but getting Nicholas Taleb on their faculty was a home run. Too bad Baruch has a few economist walking around at the business school as I am sure Taleb would have liked working with the faculty and students of our FE department.
  5. GusTsahas

    Online courses in quantitative finance?

    Columbia also has an online masters level classes under their "Methods in Finance" degree. Do a search and you will find them but the price is quite high so hopefully you have company sponsorship.
  6. GusTsahas

    Quantnet Picnic RSVP

    Nice to see all of you in the pictures and it is great that the number of kids in the Baruch community is growing every year! <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p> <o:p></o:p> This was a good weekend for the event as the Jewish holiday closed...
  7. GusTsahas

    certificate programs in C++ in NYC

    A famous ex-Baruch student from a few years ago had taken the NYU C++ sequence and recommended it highly. The lecturer had very good notes and was very organized in his presentation and the students became proficient in C++ with the two course sequence . In terms of the money, there are cheaper...
  8. GusTsahas

    Star trader threatens to leave Citi

    Whether Mr. Hall gets the full package, settles, or leaves and starts up his own fund he has what I call a "happy headache" but based on the governments past history I would be looking for office space for my group if I was in his shoes. I do believe his next call for the long term price...
  9. GusTsahas

    The Master Happy Birthday thread

    Happy birthday Adolfo! I know the year that just passed was monumental for you and I hope every year that follows is as memorable. GUS
  10. GusTsahas

    What are the key characteristics of top students in MFE

    Technical skills (math, programming, ...) will get you your first job or entry into the field but your soft skills (personality type, presentation, political acumen...) dictate where in the food chain you will be in 20 years.
  11. GusTsahas

    GS trading source code stolen

    GS is lucky this guy is a high tech Russian who used computer tools to copy the software and leave a trail allowing for his arrest. I know the code is thousands of lines but this low tech Greek would have copied the important algos to a piece of paper a couple of hundred lines at a time and eat...
  12. GusTsahas

    King of Pop Michael Jackson has died

    I appreciate his entertainment talent but I see very little difference between Michael Jackson and any other anonymous child molester. May he rest in peace but I just am not going to forget his pastime activities. I can't believe anyone in their right minds would allow their kids near him but...
  13. GusTsahas

    Interesting article

    To understand how much I trust Hussman, my wife's 401K is invested in his growth fund instead of me! This is the only external money manager I have given money to and I like his thinking over the past six or so years that I have been reading his work.
  14. GusTsahas

    Prof. Salih Neftci (1947-2009)

    I tried to write a farewell to Professor Neftci a couple of times last week but just could not get my feelings to paper. All of us at Baruch have great memories of Dr. Neftci, in and out of the classroom and we are grateful that he took time out of his busy schedule to teach at CUNY. Well done...
  15. GusTsahas

    The Master Happy Birthday thread

    HAPPY BIRTHDAY PHEONIX MAN!!! =D>
  16. GusTsahas

    New Mark-to-Market Rules - Clusterstock version

    Nope, you can't sell the meat just yet........... now that the Fed is involved you need to call on the rest of the government for input and advice. Make way for the FDA to test the meat and certify it is edible, then Congress has to vote whether the butchers can earn above the minimum wage...
  17. GusTsahas

    When all else fails...

    Bigbadwolf.... We are kidding, really, Baruch students have a sense of humor and no one is moving to Orlando to work for Mickey just yet. I did see many German tourists when I was in Disney this January so just in case, "haben Sie einen magischen Tag"
  18. GusTsahas

    When all else fails...

    The downside of working at Disney is the you have to repeat "have a magical day" to the customers all day! I'm not kidding, at breakfast, at lunch, at dinner and all other times in between. ...... so for the interview just practice the "have a magical day" in a few languages and along with...
  19. GusTsahas

    2009 Interactive Brokers Collegiate Trading Olympiad

    Congratulations to all that placed and to all the students who participated despite the heavy work load in the MFE program. Now Vlad, quick, email me the system so I can make some more money before the edge evaporates!:D
  20. GusTsahas

    Baruch MFE Baruch goes to Canada

    rough competition, the negative numbers are frightning!
  21. GusTsahas

    2009 Interactive Brokers Collegiate Trading Olympiad

    Dividend payments is certainly a unique strategy for a trading competition........... I'd say your best course of action is to email Interactive Brokers with specific examples, stocks and dates and wait for their response. IB is known as a low cost market and technology innovator but usually...
  22. GusTsahas

    The party's not over yet -- for some

    Today Obama called Wall Street's $18 Billion dollar bonus "shameful", but there is no consideration from politicians that the government made back $7 Billion for the US government in the form of social security, medicare, federal, state and city income taxes..... :-k It reminds me when the...
  23. GusTsahas

    Off the shelf financial formula software

    Depending on what you are trying to do "webcab" has a number of packages that we have used in the past and come in .Net. The cost is quite low so if this is a factor take a look at the functionality. Financial and Mathematical Excel Addin, .NET, Java, EJB, J2EE, XML Web Service Components...
  24. GusTsahas

    2009 Interactive Brokers Collegiate Trading Olympiad

    Max, You plan looks good but I would include a sentence to allow you to execute this strategy with a smaller timeframe (1 to 3 day?) and lower SD in case you are close to the winners but need more exposure to the market to place. It's always good to have the flexibility even if you decide not...
  25. GusTsahas

    2009 Interactive Brokers Collegiate Trading Olympiad

    The Interactive Brokers site has pretty good doc, look on the bottom of this link for the C++ notes. There is excel/vba and java links on the same page. http://individuals.interactivebrokers.com /en/p.php?f=programInterface&ib_entity=llc
  26. GusTsahas

    So, no one saw this coming eh?

    Peter Schiff has been on the same page for quite a while, he has a very recent book out and one in 2007. Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books) by Peter D. Schiff and John Downes (Hardcover - Feb 26, 2007) The Little Book of Bull Moves in Bear...
  27. GusTsahas

    How the Mighty Have Fallen

    True on the above Max, but is is far better to have a 50% draw from 10 billion and get left with 5 billion, then to have a 100% gain but only be worth a few million......... and that my fiend is speaking from personal experience!:D
  28. GusTsahas

    The Father of Portfolio Theory on the Crisis

    "Mr. Markowitz calls for urgency in addressing the underlying problem of mismatched securities. So long as there is continued "obscurity of billions of dollars of financial instruments," we run the risk of Japan-style stagnation. Banks there, with the support of the Ministry of Finance, refused...
  29. GusTsahas

    Another Bloody Round of Financial Sector Plunge

    The plunge protection team does NOT like the market to end Fridays on a death note and have all the financial press be negative on the weekend when most people read their Barron's. It would make for a terrible Monday and Tuesday so if there is no 2:30pm miracle buying by "value hunting...
  30. GusTsahas

    Excellent time to get into stock market

    Just for perspective: Posted Oct 10, 2008 02:40pm EDT by Aaron Task in Investing, Recession -- From 1909 to 1919, the Dow was essentially flat for 13 years. -- After peaking in 1929, the Dow didn't make a new all-time high until 1957, nearly 30 years later. -- From 1965 to 1982, the...
  31. GusTsahas

    Excellent time to get into stock market

    I am the proud owner of a large scar in my right hand after catching numerous falling knifes during the Nasdaq days!! As my right hand is scared, I tend to use my head more then my hand when trading which after some time and tribulation has helped my trading performance. Remember the saying...
  32. GusTsahas

    What is in the Future now???

    Consider education as a long term investment in yourself, a skill and personality upgrade that is relevant for the rest of your life. While the technical skills you acquire might have a short half life and job opportunities are unpredictable, you will not lose the capability to think, organize...
  33. GusTsahas

    The Bailout Plan

    ........ or it could be that the congressmen/women are actually afraid of voting against the strong wishes of their constituents with their jobs on the line five weeks from now!! Most people not directly employed in the financial industry believe this program will cost them more money in the...
  34. GusTsahas

    2009 Interactive Brokers Collegiate Trading Olympiad

    Doug, You could look at it optimistically..... Interactive Brokers expect you to place and they need the ss# on file for the 1099!!!
  35. GusTsahas

    Bernanke Signals U.S. Should Pay More for Bad Debt

    I'm not a guy who takes pleasure at CEO's being fired or children left homeless, but I do read history and I was an adult to see the Japanese bubble in real estate and equities last for over a decade in the 90's. Both of those asset classes in Japan ended the decade at about 25% of their...
  36. GusTsahas

    Morgan Stanley considers merger

    LOL, some of us might have even been employed at Lehman in 1987 when the crash from nowhere happened.... over 20% in a single day without any significant news catalyst, but then trading firms were not levered to 30 to 1.
  37. GusTsahas

    Morgan Stanley considers merger

    What I find ironic is the trading firms complaining about naked short selling have been the prime brokers responsible for enabling hedge funds to short naked for years. It must add insult to injury knowing that "someone" is profiting from their unfortunate circumstance as they've been on the...
  38. GusTsahas

    QuantNet Picnic In Central Park on Sat 9/20

    Hey Andy, if you make some subtle changes to that "thing" you propose to kick around, by removing the feathers and increasing the size of the "object" so us older guys can see it, you might get something us Europeans call “football”!!
  39. GusTsahas

    The death of derivatives

    The benefits of Derivatives will ensure their survival and growth, but with changes, like exchange traded instruments would be high on my list to mitigate the counter party risk that is so obvious right now. Per the media, the crash of 1987 was going to be the death of automated trading...
  40. GusTsahas

    Dealers hold emergency trading session

    "How so many people erred so grossly is beyond me...I thought all of these bulge bracket firms hired only the best and the brightest. How did nobody see this coming aside from a few Goldman traders?" The firms did hire the "best and the brightest" and the "best" did the math.... If by taking...
  41. GusTsahas

    I LOVE NEW YORK thread

    I love NYC for its diverse population. We have people here from every corner of the earth, with skill sets and interests to match! Where else can the rich and the poor, the smart and the not so smart, the religious and the atheists, the artists, accountants, engineers, master-of the-universe...
  42. GusTsahas

    2009 Interactive Brokers Collegiate Trading Olympiad

    I am available any day, but Wednesday of each week, so pick any evening convenient to the program. My last year's presentation was split into two main areas, "trading fundamentals", and a section on the Interactive Brokers contest. Perhaps the best option for the students is for me to do...
  43. GusTsahas

    2009 Interactive Brokers Collegiate Trading Olympiad

    If Alan wants to present I can attend and help him out if he likes.... Either way, it is a great opportunity for the Baruch students to learn and participate in "live" trading with a decent chance of placing, making money, and having something constructive to talk about in interviews.
  44. GusTsahas

    2007 Interactive Brokers Collegiate Trading Olympiad

    I've said this before, and at the risk of being repetitive I'll say it again, everyone's time and programming skills will be most productively used in testing various trading strategies first and coding to the IB TWS interface only during the last couple of weeks. Leave the interface code for...
  45. GusTsahas

    MFE Just For Fun?

    The Baruch FE program is quite hard and I would expect most people to drop out if they were doing it for "fun". In my case, it is true I was not looking to get a job at any of the financial firms but I did attend the program so that I would pick up additional skills to improve my trading...
  46. GusTsahas

    MBA vs MFE for trading jobs

    I would say for an eventual trading career go for the MFE as it gives you the training to DO certain things on your own instead of waiting for this guy to run the numbers for you or that guy to code the system on a pc for you. In my view, you can supplement soft managerial skills as you need...
  47. GusTsahas

    Black Swan Theory

    With todays S&P's performance the duck has definetly turned into that ugly pelican!
  48. GusTsahas

    2008 Interactive Brokers Collegiate Trading Olympiad

    The check from IB last year was dated April 23, so you should be receiving the money any day. Spend it quickly and help out the economy!!
  49. GusTsahas

    New York vs New Jersey

    For families, the Queens neighborhoods of Baside, Little Neck and Douglaston are quite good with public school districts near the top of the city and good private schools, some yard space and low city property taxes. These neighborhoods are near the Nassau County line and are served by the...
  50. GusTsahas

    Simons, Mandel Post Their Biggest Drops in Fund Slump

    My thinking is that the hedge fund managers need to be separated into alpha producing programs uncorrelated to the indexes and the "others" which are mostly leveraged to some factor and perform with correlation to the indexes. As the S&P 500 had a draw down of about 17% in the last six months...
  51. GusTsahas

    Maybe a silly question: age issue for MFE

    And a further By the way, 40s is the new 30s !!:D
  52. GusTsahas

    What is going on at Bear Stearns ?

    From one of may favorite economists, John Hussman. Good contrarian viewpoint of the FED action last week. :-k Full comments and weekly articles at: www.hussmanfunds.com March 24, 2008 Why is Bear Stearns Trading at $6 Instead of $2? John P. Hussman, Ph.D. All rights reserved...
  53. GusTsahas

    What is going on at Bear Stearns ?

    One other item debated about at my office yesterday is that the crazy sale number could be that the management is trying desperately to get a sell off without a bankruptcy filing in order to preserve the bonuses that were just paid out to the BSC employees. I don’t know how realistic this...
  54. GusTsahas

    2008 Interactive Brokers Collegiate Trading Olympiad

    Trading is one of the few endevors where more effort, time, or additional trades does not guarantee a better outcome!! The 50% return is great and the fact the you executed a successful trading strategy will help you for the rest of your investing life! May the pullback within the trend be...
  55. GusTsahas

    2008 Interactive Brokers Collegiate Trading Olympiad

    Congratulation Alain!!!! Take a vacation, you'll need after this week!!=D>
  56. GusTsahas

    What is going on at Bear Stearns ?

    You guys know the saying "a recession is when your neighbor losses his job, but a depression is when you lose yours!" My partner called me earlier in the day that our futures broker, the largest in the world, MF Global lost about 65% of their value between 11:00 am and 11:30 am..... look at...
  57. GusTsahas

    commodities, another bubble ?

    While it's true that commodities are running for the well known fundamental reasons and the meltdown of the dollar, we are nowhere near bubble territory yet. The CRB index is extended and we could get a 30% draw down ....... and still be in an uptrend and will have further to go. As a reminder...
  58. GusTsahas

    What is going on at Bear Stearns ?

    I was working for Lehman Bros. when Drexel went out of business at the end of the junk bond era. What shocked me then was the speed of the collapse. In December they handed out nice big fat bonuses and the world was fine and in the Spring they went out of business. By the time Drexel hit...
  59. GusTsahas

    switch from phd to mfe?

    With two years to go, why don't you sit in a class each semester in the business school in your university and follow along. If the school has a Phd in Business program I'm sure there will be some relevant classes to attend and even if the school only has an MBA program there should be a...
  60. GusTsahas

    Voting is today

    There is a Greek saying on politics roughly translated.... "If you are young and not a LIBERAL you have no HEART, and if you are old and not CONSERVATIVE, you have no BRAIN"!!
  61. GusTsahas

    Employment prospects after 5 yrs

    For engineers who are in an industry they like and are only contemplating a move to FE for the money, it will be a wrong move for the wrong reasons. If you like the industry but are frustarted by the "salary cap" on engineers, go start your own private businees. The first years will be...
  62. GusTsahas

    Would you leave a bluge bracket IB for a startup?

    One very important point for anyone contemplating working for a small firm in any industry is to research the personality of the owners. Small firms tend to take on the personality of the owners, so make sure you research and learn as much as you can about their personal strengths and...
  63. GusTsahas

    2008 Interactive Brokers Collegiate Trading Olympiad

    Best guess is that you are passing in some parameter that does not make sense to TWS and causes the rejection. If you were able to pass the same exact trade into the paper trade system and got executed there, the real time system has additional constrictions on size as well. It will not...
  64. GusTsahas

    2008 Interactive Brokers Collegiate Trading Olympiad

    CDW, Best place to post TWS API interface questions and to do a search since it is a very active forum is TWSAPI@yahoogroups.com In short, orders can be modified and current position info is routed through the API. Cheers, Gus
  65. GusTsahas

    Big Bonuses Seen Again for Wall St

    This article appeared in the NY Post. Good example of why one should try to move from cost center groups (IT, telecom, facilities) to groups associated with revenue producing business units. The back office bonuses were cut as GS management don't believe the back office staff can move to...
  66. GusTsahas

    2008 Interactive Brokers Collegiate Trading Olympiad

    I would look to get pricing data for any instrument on you sheet and then worry about forex in particular. Can you see ES (S&P500 emini) futures data on your sheet?? You need to get the naming of the instrument correct (ESH8 for the emini futures) or for the Euro contract on Globex 6EH8. On...
  67. GusTsahas

    2008 Interactive Brokers Collegiate Trading Olympiad

    Who is going to be entering the contest from Baruch??
  68. GusTsahas

    Reviewing quant recruiting firm/headhunter

    I think it is appropriate to name the "good" and the great headhunters you know or recommend, but I would urge posters not to get into the "bad and the ugly" as a headhunter's reputation is an important asset that they will defend. It would be ashame for QN or some financially strapped...
  69. GusTsahas

    2008 Interactive Brokers Collegiate Trading Olympiad

    I use the API for order entry and position management but depending on the system, not necessarily for pre-trade qualification. In addition to submitting a trade for execution through the API there are stops to attach based on the fill price, adding or reducing position size during the day and...
  70. GusTsahas

    Mortgage Rate Freeze Reached

    I am mostly a believer in Austrian economics, that it is far better to cleanse the system of inefficiencies quickly then to let problems drag out for years. We were proud of how quickly we solved the S&L real estate induced crises in the early 90’s by large liquidation (the Resolution Trust...
  71. GusTsahas

    An interesting twist...

    Sam, You certainly have an interesting offer but I want to take a bit of a devils advocate here…. As you primary goal is to get into the financial industry and have completed half of the CVN Methods of finance curriculum, I would keep your goal in focus to complete this degree ASAP...
  72. GusTsahas

    undergrad classes outside the requirments for my BS in finance thanx

    I would talk to your advisors at St. Johns as there should be enough room for electives available in the 130 credit program BS of Finance program to take additional math classes unless you have already used up your electives. If you can't work it into your St. John's schedule I would not...
  73. GusTsahas

    On Line Courses on Financial Engineering

    If you need to take the FE degree online, I'd choose the Columbia degree over Stevens. The Columbia CVN has been on the market quite a while and the cost difference to Stevens is too small to overcome the "name" advantage that Columbia enjoys. I am assuming you have read this tread and...
  74. GusTsahas

    MIT-Press piece on quants, CDO-meltdowns

    I personally do not attribute the problems with subprime on the "risk models" but the fact that no one wants to bite the hands that feed them...... When you are in an organization analyzing, structuring, selling and buying these products, your organization is making good money and you are...
  75. GusTsahas

    Becoming a trader: MBA vs. MFE

    Guys, don't mistake prop trading at the arcades with learning how to trade as part of a group at GS, Lehman, the HF's of the world, or with experienced speculators. The FX and equity prop shops basically have your money as a "deposit" or as capital for a minority partner share in their firm...
  76. GusTsahas

    Becoming a trader: MBA vs. MFE

    I don't think it is an MBA vs an MFE issue of whether someone will progress to a "trader" in their organization or any other senior position but more of an issue is their "whole person" personality traits. The "whole person", the sum of their life experiences, learning ability, work ethic...
  77. GusTsahas

    woo... do we have enough pumpkins this year?

    My wife just accused me of looking at PORN on the "kitchen" computer....:D
  78. GusTsahas

    Banks May Pool Billions to Avert Securities Sell-Off

    The contrarian opinion is a bit different .... :sos: New! Master-Liquidity Enabler Conduit 10/15/2007 5:10:14 PM Stock markets closed lower today, Monday, October 15, 2007 by Alan Hall Move aside, Long Term Capital Management...
  79. GusTsahas

    What you want to do 2 years from now ?

    Keep working for myself and hope to have traction with our CTA managed fund. I find trying to estimate two years in the future difficult but planning for a five year span is much better for me. I use the same logic for time management, I plan for weekly activities but not daily assignments...
  80. GusTsahas

    B-school Confidential: MBAs May Be Obsolete

    The link for the Columbia Methods of Finance program is listed below but you need to start saving money for tuition as each course was about $3,500 or so last time I looked. CVN - Columbia Video Network
  81. GusTsahas

    RSVP: Gus Tsahas on Algorithmic Trading

    Guys, you were a great audience and I look forward getting a peek at your results in time.
  82. GusTsahas

    RSVP: Gus Tsahas on Algorithmic Trading

    See you all there..... GUS
  83. GusTsahas

    Where would you rank Baruch MFE with top programs ?

    Traders know it's never wise to short a trending market as "overvalued" can get more overvalued for a very very long time.... ;)
  84. GusTsahas

    2008 Interactive Brokers Collegiate Trading Olympiad

    I think Max's suggestion for a Friday evening works the best as we can make it more of a "working meeting" then a "talk". Max, maybe you can poll the people interested and decide if Oct 5 or Oct 12 works best, probably about 6pm?? Is there a meeting room in the Library we can book or maybe...
  85. GusTsahas

    2008 Interactive Brokers Collegiate Trading Olympiad

    Max, If the cheapest data is free, the vendor would be Opentick https://www.opentick.com/index.php?app=users&event=home but their data is spotty ....but it is cheap. A cheap INTRADAY data vendor for retail is Esignal, Real-time, streaming quotes and analysis on the world's markets delivered...
  86. GusTsahas

    2008 Interactive Brokers Collegiate Trading Olympiad

    I am quite a busy bee so taking out a couple of days to prepare a real presentation will be tough but we can meet at the FE Lab or coffee for a couple of hours. Let me know how many of you are interested and I can get together material for a handout that should speed your research along and...
  87. GusTsahas

    2008 Interactive Brokers Collegiate Trading Olympiad

    I had recommended last year that people focus 90% percent of their available time on back testing strategies and only 10% on interconnectivity to IB's API. The advice should be taken seriously as you will be trying to make over 100% gain in two months, or 50% per month while the SP500 averages...
  88. GusTsahas

    2008 Interactive Brokers Collegiate Trading Olympiad

    Whaoo, Is it too late to fail a class in my case to enter the contest again?? :D I had doubts of whether IB would continue the Olympiad due to the cost associated with the prizes but I guess they somehow justified it in publicity. Good luck to you all!!
  89. GusTsahas

    Baruch MFE Baruch MFE program - Fall 2007 admission statistics

    To the new studnets, welcome to the Baruch family!!! Dan, the faculty, the current students and the alumni have all worked very hard to make the Baruch MFE a great program and I am glad to see it is being acknowledged by the market place .....where it counts!!!
  90. GusTsahas

    Young Billionaire on Forbes

    I'd like a nice round $1B number....... keep in mind most large funds use multiple strategies and asset classes to dampen equity volatility, so it's more like running a number of $250 million funds.
  91. GusTsahas

    Young Billionaire on Forbes

    Based on my personal experience, I'd define the "beginning" as about FIVE years!! Keep your expectations and expenses low at the "beginning" and you will love every day after that...;)
  92. GusTsahas

    Rogers, Faber say Fed Rate Cut will spur a recession.

    Unfortunately, I am old enough to have followed the work of Faber for probably a decade. He is often early on a call, but rarely wrong!!!
  93. GusTsahas

    Are Stock prices predictable

    Regarding the predictability of prices, while one cannot predict what a stock, an index, or a futures contract will do in any one particular day, there are statistical filters that provide above market returns in terms of timing and instrument selection. I am not a believer in the theory that...
  94. GusTsahas

    The Master Happy Birthday thread

    Adolfo, Happy birthday from sunny Greece!!!
  95. GusTsahas

    How many courses/semester can one handle ?

    There is also an inverse exponential relationship between how many kids one has and the workload they can take considering family obligations...... I usually work 60 hours a week and had two kids when I started the program..... then in the first semester, we had one additional child and build a...
  96. GusTsahas

    On Line Courses on Financial Engineering

    In addition to the networking advantages pointed out by Andy, some courses are quite hard to complete the work totally on your own even with the bulletin boards provided by the programs. The team approach in solving some of the homeworks certainly helped me pass probability and stochastics...
  97. GusTsahas

    DATASIM NYC COURSE on C++ Instrument Pricing

    Datasim has an upcoming course in NYC taught by the well regarded author, Dr. Duffy. Due to the ever shrinking buying power of our US dollar the course is prohibitively expensive at about $4800 for the three days of instruction. However, the part time students that work for...
  98. GusTsahas

    On Line Courses on Financial Engineering

    Columbia University through their video network has a full 30 credit Master of Science Degree in Operations Research specializing in Methods of Finance which is quite impressive for distance learning. The focus is on FE and mathematical finance courses. Also impressive is the cost per three...
  99. GusTsahas

    The World Cup Trading Championships

    Alain, I had looked into the contest a while ago and it seems it was used by many CTA hopefuls for showing their "stuff". Do back test your systems with their commissions sturcture as it was quite a bit higher the Interactive Brokers $4-5 per round trip which will cut into your numbers if...
  100. GusTsahas

    I reached 2000th post TODAY !!!

    What is more impressive then the number of posts Andy has written is the wealth of information in the content of each post. They are informative and thoughtful and only a bit biased.... but hey, if we don't root for the home team what kind of fans would we be?? Congrads on the milestone...
  101. GusTsahas

    Devon McCormick introducing myself

    Thanks for the info on QWAFAEW, I'm going to try to attend the meeting. Regards, Gus Tsahas
  102. GusTsahas

    COMPARE Baruch vs NYU-Poly Financial engineering - which is better

    I agree with Michelle that you should visit the programs you intent to apply to as you will be spending a great deal of time when attending..... and time is a very limited commodity. As a past graduate alumni of POLY, they were first on my mind when I thought of doing an FE program. The feeling...
  103. GusTsahas

    Subprime Problems Hit Both Goldman and Bear Stearns

    I knew we were in bubble territory in 2000 when one of my construction partners wanted to invest $500K of our money in a dot com out of Manhattan. I knew we were in bubble territory in 2005 when my under 30 year old office administrator was able to buy two 6 family apartment buildings in...
  104. GusTsahas

    is anyone building an automated trading system?

    I urge people new to trading to consider testing systems that utilize end-of-day data until you develop experience and are profitable in the an intermediate time frame (1 to 10 days) . By limiting yourself to end-of day data, the resource you need to devote to data acquisition and data handling...
  105. GusTsahas

    is anyone building an automated trading system?

    I have been involved in building a few automated trading systems, more in terms of the trading system development then the execution coding of the ATS......... anything in particular you want to discuss?? What markets and time frame are you interested in?
  106. GusTsahas

    Zicklin vs. MFE?

    Actually a past MFE student had completed the two C++ courses at NYU Continuing Ed and spoke very highly of the instructor, Mark Meretzky. If you can stay in for all four courses of the NYU C++ module it would take care of your programming deficiency as most people in the program are quite...
  107. GusTsahas

    The Master Happy Birthday thread

    JIMMY, HAPPY BIRTHDAY to the PHOENIX!!!!! We met by coincidence when invited by Dan to sit in a class three years ago…. I am very proud to consider myself your friend ever since and hope our association lasts forever!!! Now, I know you don’t drink much so forget the flaming 151...
  108. GusTsahas

    The Master Happy Birthday thread

    As the official SAGE of the 2007 class, I see a happy, healthy, bountiful year ahead for you!!! Happy Birthday Andy!!!
  109. GusTsahas

    2007 Interactive Brokers Collegiate Trading Olympiad

    Thank you all!! Thank you all for your kind words and long live the Baruch Legacy!! Congratulations to Andy and Alain and all the contestants, by participating we are all winners. I strongly disagree with "Silverpike's" conclusion that the Olympiad contest was not worth the effort, or that...
  110. GusTsahas

    RSVP: Starting a Hedge Fund

    I noticed the tread too late
  111. GusTsahas

    2007 Interactive Brokers Collegiate Trading Olympiad

    He who lives with Leverage dies with Leverage, but hopefully the dinner will not be at McDonald's!! Let's keep trying but wait for another month before picking the restaurant. Good luck everybody...:smt006
  112. GusTsahas

    The Master Happy Birthday thread

    Thank you all for the kind words and wishes...... Well, 30 doesn't feel so bad!! Instead of incrementing by one every year I'm using a random number generator instead!!! :D
  113. GusTsahas

    The 8th Annual Traders Expo New York

    I have attended this show since it's inception in NYC and it is a good idea for students to attend and sample the available software tools and listen to the presentations. Everyone should have some personal experience in trading which after all drives the financial industry. Keep in mind this...
  114. GusTsahas

    2007 Interactive Brokers Collegiate Trading Olympiad

    Re: Planning for Interactive Brokers Collegiate Trading Olympiad If any of the Baruch students win, I am due a dinner as I was the first one to get to IB on Monday morning regarding the account balance issue and requested a review in case any of the other "players" used up the $1 million...
  115. GusTsahas

    System Trading - Wealth-Lab/TradeStation/Other

    Alain, From what I remember, one could join the www.wealth-lab.com site for free. The two advantages would be to access the thousands of existing scripts and pick a few to work with.... It is easier to improve on a system then think one up from scratch. If I remember correctly, one could...
  116. GusTsahas

    2007 Interactive Brokers Collegiate Trading Olympiad

    In my opinion, the API communication code implementation is a secondary priority. The focus should be on devising trading strategies that can produce the substantial returns necessary to place in the money during the short eight week period. Last years returns of 50% to 100% for the top three...
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