[This message was posted by Srihari Adya of Siemens <[EMAIL PROTECTED]> to the "Algorithmic Trading" discussion forum at http://fixprotocol.org/discuss/31. You can reply to it on-line at http://fixprotocol.org/discuss/read/99c96b10 - PLEASE DO NOT REPLY BY MAIL.]
Mr. Rick, I love algorithms, I 'always' try to find a different solution to an existing problem. In my academics, we have these algorithmic problems around and I always try to follow the Golden principles of Algorithms, 'complexity' 'efficiency'. I do have certain less complex and more efficient solutions to a few things and people have always appreciated that. :) FIX is something new to me, I am quick learner and I have made financial markets my life. dedicated. I am studying the theoretical and technicals of the Financial markets. Thanks to my brother who was in the technical side of Morgan Stanley I did an internship over there. Financial markets are like stars. Stars are fascinating. When we were children and looked up in the sky we pondered and said 'wow', fascinating :) Financial markets are the same to me, fascinating :) I have dedicated my life towards it now.. will continue till death :) Thank you Rick, your words are inspiring -------------------------------------------------------------------- > > How can I thank you Rick? Thank you so very very much :) > > Srihari, > > Don't thank me. Thank the founders of FIX for having the foresight to > put the following sentences into FIX's foundation trust indenture that > are indeed brilliant: > > *** > > FIX Protocol is open and free, but is not software. Rather, FIX is a > specification which software developers can create commercial or open- > source software, as they see fit. > > Purposes ... to insure that the FIX Protocol remains without charge to > any person (whether involved in the provision of financial services or > member of the general public) and that it is managed by an open vendor- > neutral process. > > *** > > My wish for you would be that you consider doing some of your academic > work in well documented, open source code, and that others after you > might benift from it. I'm not suggesting you give away any trading > secrets or proprietary know how, just that you consider sharing the > basics with everone. Prior to writing code, try to look at what others > have done in open source or open standards, perhaps you are just > duplicating others good work? That's fine if you are just learning, > however if you can refactor other open source code to suit your own > purposes, and keep it very well documented and up to date, perhaps > others might benefit too? They might stand on your shoulders. > > Later on, if you continue in this career direction perhaps you will find > time to donate to FIX to work on one of the numerous committees helping > to support and refine the protocol. You don't have to be a paid member > to participate. It's hard work however, because informed technical > consensus does not come easy. It takes time and effort. > > How is it that something that's given away free is so valuable? It's > because so many people contributed their time and best thinking to it, > and insured that it was developed and maintained in a "vendor-neutral > process". Then they gave it away for free. > > If the entire world's financial capital could move around to the very > best opportunities with less friction, perhaps it might be possible earn > 5 bp more per year in aggregate. Ask yourself if you think that might be > feasible? Using good, clean, efficient trading standards, would 5 bp > more return be a possibility? > > FIX goes into emerging markets absolutely for free. They get to start > right off the bat at the highest level. No need to "accumulate know > how" gradually over time, like accumulating roads, bridges, ports and > transportation infrastructure - start right out with the very best > stuff on day one, just as soon as they are ready for access to > worldwide capital. > > Remember too what 5 bp more return on capital means for labor. You don't > have a 5 bp bump up in aggregate return on capital without also having a > corresponding bump up in the return to labor. Best of all labor probably > didn't have to work any harder or become more productive - the capital > was what picked up the pace. > > Bottom line, trading standards can provide a very nice boost to > worldwide wealth. While that alone won't solve natural resource > constraints, polution, health care, poverty, distribution inequity, > political instability and other world wide problems, at least it > increases wealth that can pay for some of those things. > > I'm convinced that wide adoption of FIX and continuous improvements to > it could indeed yield that 5 bp. If you get a chance and would like to > help out in that effort I think you too would find it intrinsically > rewarding. > > Rick [You can unsubscribe from this discussion group by sending a message to mailto:[EMAIL PROTECTED] --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Financial Information eXchange" group. 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