This Legendary Hedge Fund Hopes to Use Physics to Battle Wall Street’s Speed Demons

Renaissance Technologies, the investment fund known for its ultra-educated workforce and quant trading style, has a plan to beat high frequency traders at their own game. Their plan involves algorithms, servers and the world’s most accurate timekeeper currently used for GPS satellites and deep space exploration, the atomic clock. (Fortune)

fortune

College Kids Are Now High Frequency Trading From Dorm Rooms

University student Spencer Singleton is among a growing band of amateurs turning to computer-driven automated stock trading—until now the preserve of hedge funds and mega brokers—and says he’s beating the market. Texas-based Singleton won a contest last July run by an algorithmic investing website to write trading programs. The site, Quantopian, gave him $100,000 to put his model into action for six months and told him to keep any profits. (Fortune)