Tag Archives: murphy’s law

This article, to appear in the Wilmott Magazine, discusses the issues involved in rolling out a pricing model as a deployed platform for trading. Although of more direct interest to the practitioners, this article may appeal to those who find the mysterious field of global markets intriguing.

[...] The financial industry keeps up with the developments in the computer industry for one simple reason. Stronger computers and smarter programs mean more money — a concept we readily grasp. As we use the latest and greatest in computer technology and pour money into it, we fuel further developments in the computing field. In other words, not only did we start the fire, we actively fan it as well. But it is not a bad fire; the positive feedback loop that we helped set up has served both the industries well. [...] Continue reading →