Ah yes, SICP, a classic... Lisp, a dynamic language... FPGAs, dynamic hardware... Turtles all the way down 8^) Cordially, -DD- "Simplicity is the ultimate sophistication." -Leonardo da Vinci-
I found this a bit strange when I read it .But in time it has sunk in and now I understand the idea behind it. The question is now, are there countably infinite agents, or uncontable number of them. Almost certainly countable...
While an admirable attempt, what they're trying to do here (which is a bit mis-described in the article, but whatever, close enough) is only achievable in isolation, not in live systems.
Kind of cool, but probably a losing bet in terms of salary paid vs. results. Chalk it up to the speculative R&D budget? Everytime I saw one of these ambitious projects tried in a firm, it always ended up in a layoff a few months later. But, I'm wililng to believe that there's probably some fly by night shop out there with 3 PhDs (probably all former Soviet defectors who got tired of building nuclear weapons) using this, on an FPGA, with a homebrew microwave network link. They all dress in Walmart clothes and trade out of an RV in New Jersey, and the most we'll ever know about this A-Team of trading is the random obscure blog post talking about their unpublished landmark research. Oh, and even though they're all super billionaires, their supermodel wives don't tip cab drivers well.
Thanks for this quote. Always known that very smart people make things very complicated... But geniuses simplify, simplify, simplify. Very smart people cross the street via the North Pole... Geniuses find a shortcut... always a shortcut.
but why does hft have to exist... those profits could have been spread out over a wider collection of people. As 30 second to 2 minute time frames once allowed me to make a nice living. It would seem HFT can destablize the market as they are doing battle with each other and blowing each other up. Do they not claim to be providing liquidity?
Why must you and your few friends exist rather than HFT? HFT merely found a way to more efficiently harvest a niche source of alpha. One would think on elite 'trader', one doesn't need to be subject to this sort of nonsense about 'distributive justice'.
its a question of whether we should all be on an even playing field or the field should be tilted to a few with co located servers or faster quotes (which was in the news recently) I think the playing field should be fair. I do not think crony capitalism is a good model.