Cathy O’Neil of Naked Capitalism, data scientist, writes on the move of quant shops away from high-speed trading and towards accepting inefficiency. In quantitative trading, nobody really thinks that “markets are efficient.” That’s kind of ridiculous, since then what would be the point of trying to make money through trading? We essentially make money because [...]
A $2.5 million traffic ticket for one of the forefathers of quants, took a hit for quants around the world- the company that they worked for, is down $29 billion off of $70 billion in 2010.