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pj


Total Posts: 3522
Joined: Jun 2004
 
Posted: 2020-06-09 08:33
This is one I definitely recommend as a light reading.
Flash Crash

It's abound the Hound of Hounslow (all the spoilers you'll get in the post).
An easy read, I believe that the people in the know
will scoff at the, oh so important, minor details which were misrepresented.

But it is a nice book and does raise quite a few existential
questions.

The older I grow, the more I distrust the familiar doctrine that age brings wisdom Henry L. Mencken

EGH


Total Posts: 82
Joined: Nov 2014
 
Posted: 2020-06-09 15:21
thx! ordered!!

"An easy read"

u avoid hard reads?


pj


Total Posts: 3522
Joined: Jun 2004
 
Posted: 2020-06-09 16:41
Define "hard read".
Do I read bad books?
Or yeah.

The older I grow, the more I distrust the familiar doctrine that age brings wisdom Henry L. Mencken

EGH


Total Posts: 82
Joined: Nov 2014
 
Posted: 2020-06-27 20:56
p.50 the Larsen case...

Norwegian private investor and a student (at least back then) that figured out pattern caused by market making algo from big firm. they arbitraged the algo. Then authorities (not the firm arbitraged) sued Larsen and the student and sentenced them to prison and fine.

I did not know these people, but the whole case seemed rediculous and unjust, should it not be allowed to figure out that algos can be dumb and arb them ? This is what gives us more efficient markets, arb out dumb algos! I and some others traders wrote about it, not sure if any took notice, but in higher court the charges against these traders where dropped. I knew nothing personal about the case outside what I had read in the media (as stated)

(bad translation from discussion that was in Norwegian paper on the case)
https://algosandblues.wordpress.com/2010/09/30/espen-haug-algorithms-should-be-monitored-on-a-daily-basis/
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