I did a stint in the treasury department of a bank and also thought algorithms were a good idea. Some fuzzy logic to detect market trends and a good rule base (prolog?) to handle decisions. But there is a problem when all the other traders are human and they decide to, "game" the system. I have seen it happen before! The problem with algorithms is that the market is in constant flux.
As a science project, coding such an app would be fun but unfortunately it requires more economists than computer programmers. Reminds me, do you guys giggle when watching "Numb3rs"? if numb3rs was factual then the aforementioned algorithms would be more prevalent. From: [email protected] [mailto:[email protected]] On Behalf Of Simon Vass Sent: Friday, 09 November, 2012 12:00 To: Uganda Linux User Group Subject: Re: [LUG] [OT] Brave New World 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] <mailto:[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-ide al-way-to-screw-up-on-wall-street/ Poor rich banksters! R. On Fri, Nov 9, 2012 at 10:31 AM, Paul Bagyenda <[email protected] <mailto:[email protected]> > wrote: Algorithms are cheaper than human traders. Apparently: http://business.financialpost.com/2012/11/07/ubs-fires-trader-replaces-him-w ith-computer-algorithm/ _______________________________________________ The Uganda Linux User Group: http://linux.or.ug Send messages to this mailing list by addressing e-mails to: [email protected] <mailto:[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] <mailto:[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] <mailto:[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.
