Should data science be a area of mathematics or a science by itself? Raphael Douady, a prized financial market academic, contends that it is a science in itself, and that French and Russian mathematicians ranks among the best.
Allianz Structured Alpha funds lost $7 billion of investor money in March 2020.
Gregoire Tournant, the portfolio manager, has been arrested.
The firm pleads guilty and will pay $5.8 in fines and restitutions.
Barclays has announced a loss of GBP 450m related to the sale suspension of OIL and VXX two weeks ago. The operational blunder is impressive.
Leverage has benefits on the way up, but it has drawdowns on the way down.
Exchanges need to pay the winners, so they HAVE to go after the losers.
You will get sued, and your house and savings are theirs in most cases
We are currently in the unusual market situation called “market up, vol up”, where volatilities go up while the market rallies. It is driven by retail purchases into the tiny calls, notably for the small caps and the meme stocks.
Heavy demand for the first bitcoin ETF, which was listed yesterday.
But be wary of hidden costs. BITO is an expensive ETF to carry.
Option traders were charged by the SEC for ‘painting the tape’ on meme stock options after arbitraging exchanges on their Maker-Taker model. Explanations.
Somebody gave you an insider tip and you want to use options? Think again.
The SEC sees you coming. Good luck justifying yourself to a jury. The stick will hurt.
Investors are not happy with Infinity-Q, the derivatives hedge fund that had a slight ‘mismarking’ and is now in a wind-down. We’ve learnt a few more things since the announcement.
Renaissance Technologies has agreed to pay $7bn in tax to the IRS. That’s a nice chunk of change, even for them.
Here is the issue at stake.