On the pain front even earlier this year http://www.economist.com/node/21560306
On 9 November 2012 12:44, Richard Obore <[email protected]> wrote: > > That's a common feeling, Simon. > There's a chap called John Kasumba (aka Reilag) who recently made off with > billions of guys' money in some forex scam ponzi scheme thingie... > > The details are sketchy, but i know many, many friends who lost serious > money. > > Maybe thats another reason which motivates people to try the algorithms > Paul mentioned... > > > > As an aside for those interested in this sort of thing, here's a link to a > mad man (but he's funny!) called Max Keiser talking about "Algo" trading. > http://rt.com/programs/keiser-report/episode-352-max-keiser/comments/ > > He works for the Russians, so he's biased in the opposite way you are used > to - but he was a successful trader, so he knows his stuff. > If your net is not fast enough, you can catch his show on UBC twice a > night at very ungodly hours. > Dont ask me how i know - Am (mostly) godly... Honest! > > > > > > > On Fri, Nov 9, 2012 at 11:59 AM, Simon Vass <[email protected]> wrote: > >> Lately I think I would have had faith in a Hollywood actor stuck inside >> the engine bay an 80's car to make better choices that some of these so >> called Traders. >> >> >> >> On 9 November 2012 11:56, Richard Obore <[email protected]> wrote: >> >>> Very interesting! >>> But even if its the KITT [http://knightrideronline.com/], i expect >>> pain... >>> >>> Here's the 1 page summary of a related sob story i've been following: >>> >>> http://www.forbes.com/sites/halahtouryalai/2012/08/06/knight-capital-the-ideal-way-to-screw-up-on-wall-street/ >>> >>> Poor rich banksters! >>> >>> R. >>> >>> >>> On Fri, Nov 9, 2012 at 10:31 AM, Paul Bagyenda <[email protected]>wrote: >>> >>>> Algorithms are cheaper than human traders. Apparently: >>>> >>>> >>>> http://business.financialpost.com/2012/11/07/ubs-fires-trader-replaces-him-with-computer-algorithm/ >>>> >>>> _______________________________________________ >>>> The Uganda Linux User Group: http://linux.or.ug >>>> >>>> Send messages to this mailing list by addressing e-mails to: >>>> [email protected] >>>> Mailing list archives: http://www.mail-archive.com/[email protected]/ >>>> Mailing list settings: http://kym.net/mailman/listinfo/lug >>>> To unsubscribe: http://kym.net/mailman/options/lug >>>> >>>> The Uganda LUG mailing list is generously hosted by INFOCOM: >>>> http://www.infocom.co.ug/ >>>> >>>> The above comments and data are owned by whoever posted them (including >>>> attachments if any). The mailing list host is not responsible for them in >>>> any way. >>>> >>> >>> >>> _______________________________________________ >>> The Uganda Linux User Group: http://linux.or.ug >>> >>> Send messages to this mailing list by addressing e-mails to: >>> [email protected] >>> Mailing list archives: http://www.mail-archive.com/[email protected]/ >>> Mailing list settings: http://kym.net/mailman/listinfo/lug >>> To unsubscribe: http://kym.net/mailman/options/lug >>> >>> The Uganda LUG mailing list is generously hosted by INFOCOM: >>> http://www.infocom.co.ug/ >>> >>> The above comments and data are owned by whoever posted them (including >>> attachments if any). The mailing list host is not responsible for them in >>> any way. >>> >> >> >> >> -- >> Simon Vass >> Managing Director >> E-Tech Uganda Ltd >> http://www.etech.ug >> Tel: +256 (0) 312260620 >> Email: [email protected] >> >> >> >> _______________________________________________ >> The Uganda Linux User Group: http://linux.or.ug >> >> Send messages to this mailing list by addressing e-mails to: >> [email protected] >> Mailing list archives: http://www.mail-archive.com/[email protected]/ >> Mailing list settings: http://kym.net/mailman/listinfo/lug >> To unsubscribe: http://kym.net/mailman/options/lug >> >> The Uganda LUG mailing list is generously hosted by INFOCOM: >> http://www.infocom.co.ug/ >> >> The above comments and data are owned by whoever posted them (including >> attachments if any). The mailing list host is not responsible for them in >> any way. >> > > > _______________________________________________ > The Uganda Linux User Group: http://linux.or.ug > > Send messages to this mailing list by addressing e-mails to: > [email protected] > Mailing list archives: http://www.mail-archive.com/[email protected]/ > Mailing list settings: http://kym.net/mailman/listinfo/lug > To unsubscribe: http://kym.net/mailman/options/lug > > The Uganda LUG mailing list is generously hosted by INFOCOM: > http://www.infocom.co.ug/ > > The above comments and data are owned by whoever posted them (including > attachments if any). The mailing list host is not responsible for them in > any way. > -- Simon Vass Managing Director E-Tech Uganda Ltd http://www.etech.ug Tel: +256 (0) 312260620 Email: [email protected]
_______________________________________________ The Uganda Linux User Group: http://linux.or.ug Send messages to this mailing list by addressing e-mails to: [email protected] Mailing list archives: http://www.mail-archive.com/[email protected]/ Mailing list settings: http://kym.net/mailman/listinfo/lug To unsubscribe: http://kym.net/mailman/options/lug The Uganda LUG mailing list is generously hosted by INFOCOM: http://www.infocom.co.ug/ The above comments and data are owned by whoever posted them (including attachments if any). The mailing list host is not responsible for them in any way.
