@VirtuFinancial: Valor #HFT Morghulis
If you read Part 1 to this post (from December 15, 2016) then you know that at least as of the end of 2015, financial reports from HFT bellwether Virtu Financial illustrated strong and even increasing profitability. Our surprise from these impressive figures came from the countervailing hypothesis that HFT was already well past its prime (given the evidence of prop shop closings and consolidations over the past 5 years or so). Apparently, Virtu didn’t get that memo. However, upon [...]
Investors Beware: #Robo-Blindness Ahead
I'm on the fence when it comes to the "robo-advisory" craze. Clearly, given the gush of venture money and subsequent marketing buzz behind automated trading and investing methods for the masses, lots of very smart folks think that "robots" managing your money (on an highly automated or assisted basis) are here to stay. Note that in 2016 Betterment and Personal Capital bagged rounds of $100 million and $75 million, respectively. Here's the first shoe: Quantitative methods for retail investors were always inevitable once a sufficient [...]
@VirtuFinancial: Let the good #HFT times roll!
It's March 25, 2016 - and I crack open the newly minted 10-K from our friends at Virtu Financial. The equivalent of that new car smell wafts northward from its fresh digital pages. The anticipation is palpable. With years of intense focus and vigorous debate on the mechanics of #HFT - and the jealous wonderment surrounding its stratospheric profitability - it is both rare and puzzling that the public should get a real, data-driven look inside to support [...]
Top Hedge Funds: AUM per Employee = Trading Strategy?
We have been playing with some new equations; looking to see if anything interesting can be learned from benchmarking assets per employee across various firms. (It turns out that adding this analytic to our suite of other "per employee" metrics yields significant insights.) In the figure below, we took the top 10 hedge funds ranked by assets under management (AUM) and then re-ranked that list by AUM per employee. We also tossed in Virtu Financial and KCG (Getco) [...]
Digital Noise in the Fintech Space – Numerix Video Blog Series
In this FIFTH and final installment of a five-part video blog series Jim Jockle, CMO of Numerix sits down with Paul Rowady, Director of Research at Alphacution to discuss the recent FinTech Revolution. They discuss how firms are gearing themselves towards a digital culture, and how companies are working to distinguish themselves in this new age. The five videos cover the following: Part 1: Paralysis by Analysis: Preparation & Analyzation for Digital Disruption Part 2: IT Outsourcing and [...]
Technological Implications of Cultural Transformation – Numerix Video Blog Series
In this FOURTH of a five-part video blog series Jim Jockle, CMO of Numerix sits down with Paul Rowady, Director of Research at Alphacution to discuss the recent FinTech Revolution. They discuss how firms are gearing themselves towards a digital culture, and how companies are working to distinguish themselves in this new age. The five videos cover the following: Part 1: Paralysis by Analysis: Preparation & Analyzation for Digital Disruption Part 2: IT Outsourcing and Transformation Part 3: [...]
Revolutionizing FinTech and the World of Data Automation – Numerix Video Blog Series
In this THIRD of a five-part video blog series Jim Jockle, CMO of Numerix sits down with Paul Rowady, Director of Research at Alphacution to discuss the recent FinTech Revolution. They discuss how firms are gearing themselves towards a digital culture, and how companies are working to distinguish themselves in this new age. The five videos cover the following: Part 1: Paralysis by Analysis: Preparation & Analyzation for Digital Disruption Part 2: IT Outsourcing and Transformation Part 3: [...]
IT Outsourcing and Transformation – Numerix Video Blog Series
In this SECOND of a five-part video blog series Jim Jockle, CMO of Numerix sits down with Paul Rowady, Director of Research at Alphacution to discuss the recent FinTech Revolution. They discuss how firms are gearing themselves towards a digital culture, and how companies are working to distinguish themselves in this new age. The five videos cover the following: Part 1: Paralysis by Analysis: Preparation & Analyzation for Digital Disruption Part 2: IT Outsourcing and Transformation Part 3: [...]
Paralysis by Analysis for Digital Disruption – Numerix Video Blog Series
In this FIRST of a five-part video blog series Jim Jockle, CMO of Numerix sits down with Paul Rowady, Director of Research at Alphacution to discuss the recent FinTech Revolution. They discuss how firms are gearing themselves towards a digital culture, and how companies are working to distinguish themselves in this new age. The five videos cover the following: Part 1: Paralysis by Analysis: Preparation & Analyzation for Digital Disruption Part 2: IT Outsourcing and Transformation Part 3: [...]
Feed Your Cognitive Taste Buds: Collaboration Will Expedite Validation
As you gorge yourself on the latest curated fire hose of content today, this post may waft onto your cognitive taste buds like a shameless plug. Fine. Like a herd of squirrels, here comes the next and the next and the next tweet anyways, just right for your canine attention span. It's all good, and no hard feelings. We will aspire to catch you with the next tidbit or on a different modality... But for those of you [...]
