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Hi, ASX rejects limit orders that are more aggressive than their 4 tick limit. e.g., Bid at 100, tick size is .1, it will reject Buy Orders placed at 100+.1*4 and above. Is anyone aware of such limits and whether there are other exchanges that enforce such limits? Not sure if this is the best...

I think employers, not employees should read this :D

Hi Dominic, I was wondering if you still headhunting for quant professionals. Can you please share your contact information with me so we can chat on phone or email? Cheers.

Is there a way to download all attachments to a thread in a single download? Would be a useful feature to have if a thread has many attachments.

should change title to "christmas party riddle" ;)

Can you be more specific? Give an example that illustrates sexism in engineering since you are a male and the post was liked by males.. In what was have you observed (since you have not experienced) sexism in your field ?

One point I would like to make is sexism occurs only in certain professions. Fields such as science, engineering and more quantitative fields, I believe are based entirely on meritocracy and there is no discrimination at all. However, in jobs such as floor trading, sales, military which are...

Well that's just because of the levels of illiteracy. But if you take the literate population from both countries, I can bet Indians are much better. As someone rightly pointed out, when you have a country the size of a continent, things tend to be inward...

No there is no free alternative to getting data from Bloomberg. For learning, there are a variety of tutorials online. e.g. http://www.bu.edu/library/management/tutorials/bloombergtutorial.html

Hilarious bit. The funniest part was "Uninhabited"..

Isn't English already Americas official language? Can someone confirm this for my own knowledge please..

Well innovation without imitation is a complete waste of time. IMHO, its like mathematics...easier to look back and say that's so easy. Apple came up with the first true trend setting GUI computer, what stuff they imitated noone cares.. Apple came up with the first trend setting GUI touchscreen...

Yes definitely there was. Those charitable contributions planned by Apple were not very meaningful in the business sense. And his intentions were only to delay those contributions and increase their size and distribution later on.

Steve Jobs was more than a marketing person, he was a visionary. Many people can write code, few people can write excellent code, but only once in a while there is a person who has the vision to change the future. I doubt if Apple will sustain its growth without his vision once the Iphone/Ipad...

It shouldn't matter to you. The prop trading arm will probably be spun off from the bank as a hedge fund, provided it is doing well.

Yes I am at the event. Its definitely worth the $100.

Well that is not nice to say. There are a lot of people protesting so they do have a point to make, whether you agree with them or not.

You need to fit the solution of your 1-lag regression model to the solution of OU SDE (wiki), then match the moments.

This sounds good.

I think limiting number of trades or trades to quotes ratio is an over kill and is more generic, e.g. it could hamper trading in and out large portfolios in a fast moving market, and could ultimately affect price discovery. We should look at specific instances of abusive behavior and address...

I just gave a hypothetical example to emphasize my point that over-regulation kills free markets.

:D

Why not limit no of trades in a stock in a minute? Or disallow selling the stock for 2 minutes after a purchase? Or.... Come on.......:eek:

If you listen to his side of the story, it seems whatever he did was WITHIN the confines of legal and regulatory system. If you believe in his story, you can argue that the system is broken and needs to be fixed, but does he need to be punished so harshly for it? I think they wanted to set a big...

The fallen hedge fund billionaire Raj Rajaratnam received the longest prison sentence ever for insider trading on Thursday, 11 years in prison and fined $10 million and ordered to forfeit $53.8 million. Full article here. Thoughts? Do you think it is justified or is he mainly a victim of anti...

Yeah its very wrong. Algo trading has its own shortcomings. You make what you earn from trading. If your trading signals don't generate money, you don't make much, probably nothing, since most hedge funds are moving towards a reward based model instead of paying big salaries upfront. Compare...

Not trying to insult Red Sox but the article draws a statistical inference that this might be the biggest collapse ever.

its actually k + k/2 :D

This shows their recent performance was quite an outlier http://graphics8.nytimes.com/images/2011/09/27/us/fivethirtyeight-0927-redsox1/fivethirtyeight-0927-redsox1-blog480.png

I don't know many people follow baseball but came across this article on the recent collapse of Boston Red Sox - http://fivethirtyeight.blogs.nytimes.com/2011/09/29/bill-buckner-strikes-again/?hp It doesn't make much sense but its funny..

Close to 700,000 people march in support of the Lokpal Anti corruption Bill in New Delhi.

28/30 is not old at all for any technical career. Go for it. I give a thumbs up for Masters.

I disagree. A few economists or journalists might carry that obsession, but India is so different from China in most aspects (size, scale, governance, systems, culture, religion, diversity etc), that it is impossible to compare growth, rate of progress, or underlying systems. Even culturally...

you can identify support resistance levels using the indicators such as RSI, Bollinger Bands. http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators is an excellent source and guides you through this with examples.

Jennifer, I haven't seen machine learning techniques used to generate such signals. You should be able to incorporate your rules into signals using time series analysis tools included in these packages. I feel Machine learning techniques such as SVMs, boosting, etc are more applicable to cases...

For backtesting in R, following packages might be useful - 1. R stats package: contains everything from fitting distributions, PCA/factor analysis and estimation http://stat.ethz.ch/R-manual/R-patched/library/stats/html/00Index.html 2. package containing most technical indicators functions such...

I've said what I wanted to say. You can go on with your rant now..

I got it at a cheap price and going to gift it ;)

Another difference is portfolio management is a broader field looking at several aspects of forming and managing a portfolio such as trading, risk management, and attribution. Prop trading, as Yike pointed out, typically as a shorter time horizon, and focuses more on trading profits from...

Perhaps you should stop talking like a castrated elephant?

Well wrong choice of word there. Lets say disappointing..

Please post them here as well if possible. Thanks.

As captivating as the title of this thread is, the content is really poor, almost embarrassing for this forum.

I stopped reading at 'pity'. I suggest you to shorten your argument, may be add a pinch of rationality, and a bit less rant if you expect others to read you. This might explain the flak you get from a lot of delusional people.

Try passing the IAS exam in 10 tries and then you might get some understanding of civil services, society and grassroots specific to a nation.

This comment is so ridiculous yet offensive that it gives a clear picture of kind of person you are and your lack of understanding. Sorry.

All I hear is rants on this thread to the extent that it is hard to read past first two sentences. Its easy to overlook the positives and whine and complain about anything. It is advisable not to waste time creating threads with irrational terms such as "failed state" and contribute absolutely...

@rishab govt is an extension of the people. We all know there are serious issues with law and order, accountability, overpopulation, and corruption. However, in a democracy as big and diverse as India, it is a difficult task to find a common solution and hence it takes time to make little...

shouldn't be publically recommended :)

I agree with Roni. You could compare careers within Finance and within medical sciences for potential future earnings, but it is not fair to pick between medical and finance just by comparing incomes. They are two opposite sides of the spectrum and there are other factors to consider.

You missed my point. The program is exceptional that is well known fact. I am making a point on placement during recession time.

I don't think this is true at all. Recession affected everyone. I know a number of friends who graduated from Columbia business school in past couple of years still struggling to find a job. Columbia has big classes for MBA (~50-100 students enrollment in each course) and it is just not possible...

pumping their own money in the fund? No as that would defeat the purpose of spinoff.. it will be interesting to see how this deal is structured and what remains in the end and how goldman recovers the pnl from its other businesses particularly from market making..

rogue trader, Family Man, american psycho :)

You should think about which functions fit better in the database layer as compared to the application layer. In most cases, your other functions would be wrapped around these functions. But trying to fit everything in stored procedures is similar to excessive denormalization and will be very...

There are sales and marketing teams within trading as well. To give an example, MSET (Morgan Stanley Electronic Trading Strategies) sells algorithmic and DMA execution services to its clients. There are sales teams within these agency trading groups that package, market and sell these strategies...

this is a repeat of the question - mba or CFA??? - Forum | Quant Network

Flexibility to do what? If you want to get into management and think MBA would help improve your management skills, go for a MBA. If you think there are gaps in your masters degree in quantitative finance that CFA would fill, then go for CFA. But CFA and MBA are very different. It really depends...

why do you want to do CFA after doing a masters in quantitative finance? MBA is a different course altogether. I think you have to figure out what exactly you want to do before pursuing a course. Time is a bigger investment!

wow I didn't know google's chrome was this popular. I use firefox but looking for a better browser. When I last used chrome, it used to crash frequently. I will try it again

I wouldn't recommend Meyer's books until you have some programming (esp OOP) experience. Only then you can truly appreciate and understand his book. I would say if you don't program at work/school, then take up a small project (may be open source?) and try and get some working experience under...

you can also use scatterplot3d library in R <code> library(scatterplot3d) attach(mtcars) scatterplot3d(wt,disp,mpg, main="3D Scatterplot")</code> <code> </code> In C++ you can use OpenGL although not that trivial to use at first. Python has a...

Here is one listing - Singapore Quantitative Analytics Jobs

Although I don't have an opinion on this but I know a lot of my friends with masters and phds from top colleges are struggling with their residency in U.S and a bunch of them had to find jobs elsewhere. So it doesn't seem fair to them.. I think immigration needs a complete reform. An interesting...

This is excellent recommendation often overlooked. I would suggest adding similar Effective Java by Bloch for java. We should also add a book on R as it is more widely used in finance than matlab.. place where I used to work everyone except me was a R guru..

I am wondering if there is a specialized book out there on stock selection strategies .. mostly this part occurs as a chapter in some books. I haven't researched it yet. Any recommendations?

excellent movie.. Nolan is god of creating such interesting storylines combined with cool animations.. this one tops prestige and dark knight