The industry Hedge Fund Research reports that 530 hedge funds folded their tents in the first half of 2016, and only 406 launched, putting the industry on pace for the second-largest number of fund liquidations since 1996, and fewest number of new funds launched since 2009. So new managers have to beat worsening odds, and […]
The crazy ride High frequency trading (HFT) has been around for some time. Martin Wheatley, former CEO of the UK Financial Conduct Authority (FCA), dates the first case of HFT back to not later than 1815, when Nathan Rothschild, employing a spy and messenger network he had thoroughly built all over Europe, was the first […]
Since the last financial crisis much has been said, both by the specialized and public press, on the nature of derivatives and their role in the latest global financial meltdown. Actually, their diffusion and broad usage is much older than commonly thought. The oldest known transaction, in terms of actual features similar to an option […]
Stock markets are not anymore large venues filled with people shouting and rushing to scalp Blue Star shares. Computers stole the show back in the 90’s, as algorithms did in the 2000’s. Algorithmic trading (AT) and high-frequency trading (HFT) have come to set the rules of the trading world, and have essentially isolated human intervention […]
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