Uh, what?
“Good or bad, moral or immoral, people are going to make markets and trade via computers, and this is a natural area of financial engineers,” says Emanuel Derman, a professor at Columbia University and a former Wall Street quant.
Yup, out here in the jungle -- the perfect state of nature that exists south of Canal Street -- people are just inevitably going to execute complex trades relating to obscure financial products with insane amounts of leverage and without any oversight or regulation ...
It's just natural.
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A Blatant Rip-Off of FJM. And Alicublog. And anything that isn't nailed down.
