The Matrix, but with money: the world of high-speed trading

ArsTechnica explains the world of high frequency trading

Supercomputers pitted against one another in a high-stakes battle of attack and counterattack over a global network where predatory algorithms trawl the information stream, competing every millisecond to gain an informational advantage over rivals. It sounds like Hollywood fiction, but it’s just an average trading day [...]

Goldman’s difference: It’s the cult

Clusterstock quotes a defensive apologia of Goldman Sachs from The Big Money that alternatively whines and gets aggro about all those horrible attacks against that wonderful Goldman Sachs.

The difference is that Goldman Sachs bankers can disagree only before decisions are made; once all opinions are solicited, consensus is reached, and decisions are made, the [...]

Cleantech links

Florida researchers want to use underwater Gulf Stream to create electricity and hydrogen. Waste shrimp shells contain powerful catalyst for creating biodiesel.

Small scale wind inefficient compared to small solar.

Floating apartment complex in Holland more energy efficient too.

MIT students develop EV that recharges in ten minutes

It has a range of 200 miles and can go over 100 mph. However, this is still an experimental car, the batteries are quite expensive and recharging requires huge amounts of power. Let’s hope that changes as their research continues.

The Walmart Paradox

U.S. consumers see Walmart as both the most and least socially responsible company in the nation. Triple Pundit explores why.

Again, those 15 yo girls in chat rooms, aren’t

A Goldman Sachs lawyer has been arrested after traveling to have sex with a 15 year old girl he met in a chat room who in actuality was a cop.

I wonder, are there any actual 15 yo girls in chat rooms or are they all law enforcement? Do they have training seminars to teach [...]

High-Frequency Trading may increasingly destabilize the market

So says legendary quant trader Paul Wilmott in the NY Times today.

Thus the problem with the sudden popularity of high-frequency trading is that it may increasingly destabilize the market. Hedge funds won’t necessarily care whether the increased volatility causes stocks to rise or fall, as long as they can get in and out quickly [...]

Recovery Act. Investments by recipient

The Recovery Act was enacted to create jobs and boost the economy. In genuine transparency, the White House has a handy clickable map online so you can see who is getting funding. Lots more info too.

During the campaign, I said Obama is no liberal, but a pragmatic centrist who will do unfortunate things [...]

Kickstarter and the 1,000 True Fans

Kevin Kelly says a creator, an artist, only needs 1,000 true fans to make a living.

Kickstarter “is a funding platform for artists, designers, filmmakers, musicians, journalists, inventors, explorers…” After three months of operation, they say Kelly could well be correct.

The X axis represents percentage funded, the Y axis shows the percentage of [...]

Cat ladder blog

Because someone has to do it. Cat Ladder blog