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It always comes down to one thing: MONEY. That's how it works.

Congratulations!!

It would not.

I did my MFE with Andy. I was 33 and it was a great experience. However, I agree with Andy's last sentence.

30

at least, I need more details in order to give you my opinion. You can send me a message if you want.

you should read the book I linked below to learn more about the evolution of the equity trading marketplace in the US. It is a very good account of the history of it. It will also open your eyes to things that go on behind scenes on the electronic exchanges and HFT. http://goo.gl/06Xyh...

HFT is more about engineering than finance. It's really an arms race right now.

If you read my first post you will see I didn't try to criticize you, I just said that the question didn't have a value in the interview process. You became defensive and started attacking right away. I quote: that basically put me (or anybody) on the defense. I never criticize you just the...

Learn knitr http://yihui.name/knitr/

This is the key. As long as investors give their money to money managers, they are going to exist. If investors are not satisfied, they can pull their money away or not invest at all. If they don't do it because they have a dream, they have nobody else to blame but themselves.

Yike, that was exactly my point. I think something was lost in translation on my first reply.

That explains it. By the way, a Bombay famous college? famous for what? IMHO, I don't think this question will come up in a US based interview. It could but if you are asked this question, again IMHO, it probably means they don't want you.

I really doubt this question comes up in an interview since you only require knowledge of Physics. There is no logic or intuition involved besides that.

What's NJ? New Jersey?

That book is excellent to understand the operations of a financial institution. I learned a lot from it when I got out of college 1998-1999. My copy went down with the old WTC. I've totally forgotten about it until now. That book and the one on the link below were invaluable for me...

By law, investment banks won't be allowed to do prop anymore and anything that remotely smells like prop trading will attract a lot of scrutiny. Market Making is shifting to computers for a lot of asset classes.

Are you sure? How do you know? have you spoken with people in the field? It could be massively boring sometimes.

Choose based on what? If you are talking about size, Fixed income. The equities market is a tiny speck in comparison with the fixed income market.

it all depends on what you bring to the table.

What is "Hi-tech Finance"? I think people here misunderstood what you were saying and they are thinking about high frequency trading. However, you might mean something else.

As a follow up to the speed question, You should follow the following guidelines when programming in any language (http://c2.com/cgi/wiki?MakeItWorkMakeItRightMakeItFast): Make it work Make it right Make it fast As you can see, the "fast" part is the least of your worries. Oh, when it comes to...

This is the wrong question to ask. C++ might have the fastest execution time but if the development time is longer and the complexity is higher, you might lose the opportunity. If you are so bent on speed, learn assembly language or Verilog.

this is right but very shortsighted.

I'm reading Silver's book over Christmas vacation. I liked the guy before he went into politics. I'll post something after I read the book.

Thank Gladwell for popularizing this bunch of croc...

Oh no... low blow :) at least they beat the Patriots in 2 Superbowls.

14 months? where? I was under the impression MBA take over 3 years to finish.

if you think Java is a PIA, don't look at C/C++

Baseball, baseball and some more baseball.

I don't think you have the concept of pointer really clear. There is no relationship between critical thinking and pointers whatsoever. If you want to learn pointers really well, learn C or assembly language. Raw pointers in C++ are being phased out for smart pointers because pointers they are...

Nice!!!

I bought the printers. They are on the small side. Here is the other printer we have now: http://www.amazon.com/Brother-Printer-HL5470DW-Wireless-Monochrome/dp/B0081TYO72/ They break around once every 3 years with plenty of daily use. So we have HL-5470DW and HL-5250DN (this is the old...

More details regarding the office, these are medical offices with an 100+ patients per day with 2 brother printers for anything that is not done electronically and prescriptions. They hold very well. The offices have been going strong for the last 10 years.

I have always purchased Brother printers for the offices. They work fairly well. Here is the one comparable with the one you mentioned except that it includes network printing and duplex...

without him you wouldn't have anything done.

50%

if you were going to bet (put real money on the line), you will bet on Obama to win. Nate Silver is being famous lately because of his model to predict outcomes of political events. I knew of him way before he went to be a political blogger but in baseball circles. He was very good at it so I...

This and this are very contradictory. You will have 100 times more pressure when you have your own enterprise plus all your employees and your clients will be totally depending on you. Keep that in mind.

Sure, if you want to read a novel.

Monads are sort of hard to understand but once you get it, everything works as expected. OTOH, multiple inheritance in C++ is a surprise box depending on the compiler you are using... and that, my friend, is one of the issues of C++.

They might not have problems picking up C++ but it's not as easy as you put it. Learning the basics of any language is easy but getting a deep understanding is hard. Being able to write code as part of a team or for a big system will be complicated and the results won't be pretty. Among other...

Not so much pointers as memory management... and you know it's hard. Few languages nowadays let you manage your own memory and for a good reason. It is not a trivial task. For a toy application is simple but when the code base grows and there are multiple pieces interacting together, it...

This is outright wrong.

Start your own business.

Hull has a similar book but about Risk Management.

I'd love to know what Backus, Dijkstra and Wirth have to say about C++.

Here is the list of people from Coders at Work. They don't look too academic: Jamie Zawinski (http://en.wikipedia.org/wiki/Jamie_Zawinski) Brad Fitzpatrick (http://en.wikipedia.org/wiki/Brad_Fitzpatrick) Douglas Crockford (http://en.wikipedia.org/wiki/Douglas_Crockford) Brendan Eich...

In "Coders at Work' (http://goo.gl/kwmMq), it seems all of the people interviewed dislike C++. This might be a small sample but all the interviewees carry a lot of weight in the developer community. Here is a link to a blog post by the author of the book...

I don't think you know enough computer languages to make this statement.

I should've been clearer. It all depends on the size of the problem. CUDA cards are very fast at a very specific set of problems (a lot of add multiply with small size). If your problem grows in size, the issue becomes moving data between the host and the CUDA cards and that it's another problem...

check these 2 links: http://en.wikipedia.org/wiki/BLAS http://en.wikipedia.org/wiki/LAPACK If you are looking for raw speed in this space, FORTRAN and C are still kings of the mountain. CUDA/OpenCL have their own set of headaches. You will need to be really careful in order to use them...

I know these guys are in MN http://www.walleyesoftware.com/

Oh yes you are... unless you are plannig to study in India.

VC++6 is more than 10 years old. I would highly recommend not to use it. It's well known that version is not very compliant with the ANSI C++ Standard

their own ubuntu version... still ubuntu.

I'm sure you have heard from these guys http://goo.gl/Njku

the best is emacs? I think you meant emacs is very good but everybody knows the best is vi.

this is the first thing that came to my mind: http://www.merriam-webster.com/medical/licentiate (i.e. plumber, contractor, electrician). Then I realized you came from a Spanish speaking country (me too) and I was able to figure out what you meant exactly.

enough so if you respond to an ad that ask for C/C++ and you say you know it, you can answer any question they throw at you.

depends. It's like an introduction and it gets you familiar with tricks and applications of R in Machine Learning, data manipulation and graphing with ggplot2.

For an interview is perfect. Communication is paramount and giving an answer by assuming certain conditions without finding out the details of the question could lead to a "don't hire".

be able to answer questions.

even more fundamental question? What are we trying to do? If we are trying to win the game, going first and picking 14 is not going to cut it.

i'm re-reading the problem and there are some things that are not clear. Do you keep picking? or do my friend and I pick once each and the game is over? how many time do we play?

pick integer numbers? 1-20 from the uniform distribution? I would pick second. At worst, I will have the same probability of winning.

Thanks. I didn't know this. Again, I used it as my main developing machine and I have no complains about it. I do plenty of heavy lifting when it comes to coding and the Air didn't complain.

I used a MBA as main machine until the MBPwRD came to the market. It ran without problems and served me well for a year. I had the same setup: VirtualBox and Ubuntu. Also, AFAIK the MBA doesn't use a ULV processor. Moreover, Apple doesn't use a ULV processor on its laptops. So add this to...

Cygwin is a huge pain but sometimes there is no choice. SAS cost too much money for my taste. R is my tool of choice, so SAS is not getting a dime from me.

WOW... you spend that kind of cash on a desktop and complained about the MBP being expensive?

I can't comment either on RT Java development nor RT C++ since I have never done it. I have done C and Assembly. However, there is a Real-Time specification for java and there are implementations for VxWorks and QNX. From a quick google search you can find they are used by the usual suspects...

Simply because you need to know your tools. If you decide to do RT programming in Java, you better use a subset that can be deterministic or a Java implementation that is suitable for RT.

I would probably blame the programmer, not Java.

depends... Critical, hard real-time applications (and I'm talking about real-time) tend to be written in a subset of C++ that is closer to C than to C++. Of course, I'm not talking about aeronautics. That's still Ada territory.

probably, but F# is OCaml 3.10 with a less verbose syntax and a bunch of .Net things added into the mix.

sounds like logistic regression.

I have 16GB now. I used to use a VM on a MBP with 8GB of memory and I didn't have any problem either.

It is compliant in a lot of levels but it's not fully POSIX compliant.

No. The former part of you answer is incorrect. Mac OSX comes from the BSD family but they break the POSIX standard way before they get to the user layer. OSX is definitely user friendly but the toolchain breaks along the way. You will have to jump through some hoops if you want the full UNIX...

Use OSX as host for virtualization and install Linux as a VM. You can run Windows as a VM too if you need it. I've been doing thig for the last 4 years and it works like a charm.

Ignore MRoss. He changes laptops every couple of weeks. :) I like my MacbookPro with Retina display and 16gb of memory.

true but the stack is against you. What that guy recommends seems easily attainable.

how much risk are you willing to take?

One more from xtranormal:

The map points to North Carolina. You need to change it. This is the address that is showing: 15 Gold St SW Concord, NC 28025

This is very vague. It also has very little to do with the OS. I haven't had any stability problem with recent *nix system. OSX comes from the BSD family. I have been using OSX as a VM host for the past 3-4 years and it has been extremely solid.

how does CPU usage relates to stability of the system?

got it.

I saw the following post on r-bloggers today. It has an example of using another map package in R http://r-nold.blogspot.com/2012/08/provincial-map-using-gadm.html

OH NO!! http://www.bloomberg.com/news/2012-05-21/jpmorgan-cio-risk-chief-said-to-have-trading-loss-history.html http://www.bloomberg.com/news/2012-05-30/jpmorgan-cio-swaps-pricing-said-to-differ-from-investment-bank.html...

Check the googleVis package. It has maps support. It should be able to help you achieve your results.

I'm reading this: http://www.amazon.com/Machine-Learning-Hackers-Drew-Conway/dp/1449303714/ I have met Drew and he is a really smart dude. I also have these 2 on the queue http://www.amazon.com/Machine-Learning-Action-Peter-Harrington/dp/1617290181/...

use conditional formatting. One possibility is to iterate over the result Range and add conditional formatting to the matching cells.

I have an advice from my previous MD: "Never do a part-time PhD. You will be wasting your time."

Go Hawks!!!

Apply

usually? $$$

Thanks for the good description. I was looking at the curriculum and I found this page: http://depts.washington.edu/amath/courses/500I-spring-2011/ It mentions couple of items that I've been unable to find. Under Textbooks " Scherer and Martin (2011). Modern Portfolio Optimization, 2nd...

Linus is not God but the microkernels have not panned out as much as what Tannebaum wants you to believe. I completely agree with you. I will put C++ in that basket as well.

In the words of Linus Torvalds: "... C++ is a horrible language. It's made more horrible by the fact that a lot of substandard programmers use it, to the point where it's much much easier to generate total and utter crap with it. Quite frankly, even if the choice of C were to do *nothing*...

You WON'T land a job easily regardless of which school you go to.

Check this thread https://www.quantnet.com/threads/taking-dell-to-court.9666/

None of those are real advantages. If you get a FT opportunity and it's what you are looking for, go get it. Keep in mind that you probably will have to go part time in order to finish your degree at that point.

I think it's game over for MRoss

learn R. It's free. there are tons of books about R and Econometrics/Financial Econometrics/Financial Timeseries.

I paid attention to that but there are 2 cases where the put the palm on the screen. Actually, palm rejection is not difficult to achieve since most of the note-taking apps for the iPad already have it. I can go even further, the pen on the screen plus the adapter don't have to be touch sensible...

possible good solution for iPad http://www.kickstarter.com/projects/553362111/collusion-ipad-pen-productivity-solved Looks interesting.

it doesn't hurt.

are you talking about Excel VBA running the water fall? Unless things drastically changed in the last 5 years, I can honestly say whatever version you were using was not well written. We did the same thing and Woody and I got this thing to run under 20 minutes in 5 year older technology (on...

Excel VBA is not really code.

This is my first post on this thread. I haven't made any comment. I haven't said anything wrong about Dells or Asus or Alienware so I have no idea why you are calling me a troll. On the other hand, you are the one calling people trolls while pushing your flavor of the month laptop. Do you what...

This thread is 6 years old. Since that time I have used C++ in Eclipse without problems. I'm still using it.

The recording function is very useful. It syncs with what you are writing at the moment in time. Sometimes, I forget to turn the pen on. That is also really annoying but I understand why the pen needs to turn itself off automatically. I think it will be really nice for the pen to turn itself...

I tried printing the paper. It works but it's not the same, just keep that in mind

Livescribe has some drawbacks. You need special paper. You can only buy refill ink cartridges from them and their ink really sucks. You can try using some other ink refills but you will need to modify them a bit. I have only found one that is good for modification, some obscure Mt. Blank...

It will give you an idea but again, you can only guess what the compiler is doing for you and sometimes your guess might be completely wrong. If you need to step through the assembly code of your C++ program, you have bigger issues. Unless your code calls libraries that you didn't write, you...

This is definitely not true because when you write a program in a "non-assembly" language you are at the mercy of the code generated by the compiler or how the code is interpreted (if you are using an interpreter). Knowing assembly won't help you at all.

my 2 cents: don't learn Assembly Language until you really needed. I doubt you will ever need it. Cross that bridge when you get there.

TraderJoe, I agree with you except on this part: Assembly language is used by any company that does work at the microprocessor level. Sometimes it has to do with speed and sometimes it does not. I used to work for a power supply manufacturing company for 3 years and I dealt with assembly...

swtich, you will learn more.

What's the goal? how do you plan to use your application? Who is going to consume the data? I would write a layer that takes SQL server data and give it to the world. BTW, who is in charge of the data?

Where is your market data stored? a database? some files? on the web somewhere? Andy's solution will work but it's really complicated and it has too many moving parts which could lead to maintenance and debugging issues. In an ideal world, you will have a adapter/layer that takes the market...

There's only one sure thing. It's not going to be cheap.

check quantstrat. Subscribe to R-SIG-Finance to get more information. Make sure you read the posting guidelines

try DEoptim

<offtopic> Dominic, in your opinion, which is the right sort of ML?

This is not true. I used to work at ML 2 years ago. We had different interns for 2 years and they were both paid. I also had a student of mine working as an intern for one summer at ML and he was paid as well.

Start-ups usually give you equity or options.

No, C++ is arcane in comparison to those 2 when you try to solve math related problems. However, C++ is a general purpose language. You can do a lot of things with it. Which school are you going to be attending?

My 2 cents 1) It might benefit or it might not. That's very hard to tell. It really doesn't matter if most PMs have PhD or not. 2) dk; dc 3) It could be really hard. Not only you will have to go through the same process, the best case scenario is that they don't remember you. If they...

The session remains active even if you close the client unless you explicitly terminate the session. I usually disconnect the client without terminating the session.

I'm sure you bought your copy of Matlab and you use it now on a separate computer (different from Amazon). I'm not sure if you will be violating their license if you install on a different machine and use the copies at the same time.

There are technically 2 different things. VNC takes over the machine itself. NX creates a session, like an X session into the machine so multiple users can be using the machine at the same time. Also NX is fast. I haven't compared it to VNC directly but it's definitely way faster that regular X.

use NX. I use Open NX on the client all the time. http://opennx.net/ you will need the NX server installed as well: https://help.ubuntu.com/community/FreeNX You can use NomachineNX as well but there was a problem when working on Mac OSX Lion. Maybe it is fixed now...

what do you mean by "scientific oriented distro"? any examples?

you can try to use "SPA Index". I don't know how bloomberg does the rollover but it will bring you the whole time series into R. No need to do rollover manually. What's EP for you? the E-mini? then try "ESA Index"

wait?

I have never heard of ResolutionPro. I have worked with Numerix and FINCAD and their APIs are not pretty.

I was reading about the most recent versions and you are probably right. I didn't see Wacom on the thinkpad anymore but a new technology that allows pen and touch. I haven't seen this working so I can't comment.

if you can code something in bash that was written in R, it means that R was used for the wrong reasons. R strengths are far away from what bash can do.

That's not really your problem. You buy something because you find it useful or you like it. If some other people don't like it, they don't have to buy it.

There is not palm rejection because your palm don't do anything. The thinkpad uses Wacom technology on a resistance screen. You will need the Wacom pen to write on the screen.

I was thinking exactly the same thing. Hopefully, Apple comes out with a 15'' Macbook Air with a bigger resolution in June.

Back to my post. Most of the tablets nowadays use capacitance screens. They are meant to be used with your fingers not with a stylus. Even Steve Jobs criticized the stylus to no end. The resistance screens need a special stylus but they are the best thing to take notes and write. Samsung has...

Capacitance screens are light years away from a resistance screens when it comes to precision. I love the Apple products (you can search around here and you will see it right away) but nothing compares to a Wacom pen/digitizer combo that MRoss is talking about. I tried the iPad with multiple...

I don't know what MRoss has to say but Linus Torvalds likes the Macbook Air. http://techcrunch.com/2012/04/19/an-interview-with-millenium-technology-prize-finalist-linus-torvalds/ And if it is good for Linus, it's good for me. :)

what is WUSTL? Wash U? Why USC has a better reputation than Wash U? Because the football team?

are you guys willing to pay for it?

I understand your point. However, using your point of reference, the car was moving on t < 0. The distances traveled are different if we considered t=0 the point where the car stopped, correct?

I think it does. The car was already moving so Eq 8 becomes \(x(t)=v_0t + \frac{1}{2}a_0t^2\)

I think you are being sarcastic but internet forums are very bad at this. Anyway, look at Eq (8) on page 2. What is missing?

the paper has a vital flaw but the officer didn't spot it.

Physics

FizzBuzz

if you are any good, why should you worry about placement? Remember, the school is not going to hand you a job.

which school?

what classes are you taking in the double major and in the triple major? Something's gotta give. how many credits do you need to cover to obtain each degree?

Never assume. You will be setting yourself for a lot of pain.

1) I don't believe in Rankings. They tend to be very subjective 2) I don't know about this. If you know, please give more details. 3) This is probably true.

why?

I really don't have an opinion because I didn't attend that program and I'm not familiar with anybody who attended that program. I just wanted to make sure you do some research with students and alumni of those programs to get first hand opinion. Ranks, school name and subjective opinions from...

good point.

before 2008, you could google about house value in US and everybody said they were going up. Look where we are 4 years later. I'm sure you know why they are called Ivy league.

how do you know this? did you go to school at Columbia?

How do you know that?

Go for it. You have no other choice, right?

when in doubt, you can always use my "flip a coin" technique.

There is a good chance the finance job you will land will be worse than the one you have now. It could probably be as boring but for a longer work time and less pay. You say you work 2-3 hours a day and get your stuff done. What do you do with the rest of the day? Why don't you challenge...

you are correct. I didn't see the double a at the top. ah... never assume!!! However, conversion from int to a double will usually work up to a certain level (don't remember the number now but it's a big number). Regarding this little piece of code, try to avoid mixed type arithmetic. It...

You need to refresh your C++. Those are "int"s comparisons. PS - Stop using Excel if you can :)

write code. A student made a suggestion to basically try to solve HS Contest programs. You can also try to solve the Informatic Olympiad problems... read Scott Meyer's books. Learn the new C++ standard. The are new syntax constructs to make your life easier. Read other people's code.

any specific reason why your parents like Chicago MSFM better? Have they done some research or this is just because?

Peter

Peter is one of their lead financial engineers. He might be the person doing the interview as well. He might be lurking around here somewhere.

Let me know which sources, I have a bunch of stuff to sell...

Ticket sales? are you arb-ing this thing?

Great, do another PhD in a "hot field" and after you are done with that one, I'm sure there will be something else. So you will be doing a 3rd PhD by my count... You will be a professional student!! A modern day Van Wilder!!! All joking aside, concentrate on finishing your current PhD and...

he lost me at "financial expert's insight"...

Got to play with the new iPad this weekend. Here are my first thoughts: - The new display is very very good. Papers and books look really crisp, including complex math formulas. This is the only reason I will consider to buy it - It gets hot, not warm, HOT. Noticeably hot, think about Pentium...

Search QN for "What are my chances" type of question and you will get your answer.

if you don't want to use my old "flip the coin technique", take the small firm.

If you hardly respond, why should the students of Cornell respond? that will answer the question. the university might need to change its approach to get this information. The fact that so few students responded says a more about the student community in that program than about the university...

how often do you respond to a survey you received in the mail?

why?

Did you take classes at CMU? If not, how do you know?. It might be as bad as you said Rutgers is.

A friend of mine has one and he loves it (he hates apple).

I have one main recommendation: "Thinking in C++" by Bruce Eckel, from there you can move to the Meyer's books. If you want to learn applications in Finance, I think Joshi is the by far one of the best. I would recommend against this because you will probably end up learning how to write VBA...

What exactly do you mean by that statement?

why is this important?

ms office for free? this is a lawsuit waiting to happen unless they have some sort of agreement with Microsoft. Edit: this is already happening. Microsoft says Onlive violates Microsoft licenses. It is all over the internet.

why do I need windows again?

So, what's your evaluation?

This is a problem. You might be over fitting.

Correction, for Stocks, IB charges 0.005 per share with a minimum of $1. Here is the full fee schedule http://individuals.interactivebrokers.com/en/p.php?f=commission

you don't have a solution? you might get that question in an interview.

I don't know but when in doubt, apply the old "flip a coin" decision technique.

hold on a second, you claimed live trading before... am I missing something?

Since you are eager to give you sauce out, this is great. If you want, send me the code so I can test it for couple of weeks and I will have some people lined up. No big bank will put a dime on anything without first giving it a trial run and by that time your sauce is not going to be secret...

borrow some money and put this strategy to work. Even at loan shark rates of 10%, you will be rich anyway. You don't need anybody to buy your "secret sauce". If this strategy is as good as you said, why do you want to give it out?