HFT news for January 2018


25 Jan 2018
Preserving Capital Markets Efficiency in the High-Frequency Trading Era (CLS Blue Sky)

2 Jan 2018
HFT is Dead. Long Live HFT (Themis Trading)


Algorithms Probably Caused a Flash Crash of the British Pound

Overnight, the British pound dropped by 6 percent, to $1.13. Analysts are pointing the finger at an increasingly familiar financial scapegoat: the algorithm. Though the crash hasn’t yet been definitively linked to algorithmic trading, the Economist argues that the speed of last night’s drop points at software gone haywire. (MIT Technology Review) read more

Top 25 hedge fund managers earned $13bn in 2015 – more than some nations

The world’s top 25 hedge fund managers earned $13bn last year – more than the entire economies of Namibia, the Bahamas or Nicaragua. Kenneth Griffin, founder and chief executive of Citadel, and James Simons, founder and chairman of Renaissance Technologies, shared the top spot, taking home $1.7bn each – equivalent to the annual salaries of 112,000 people taking home the US federal minimum wage of $15,080. (The Guardian)


Legendary hedge fund manager Jim Simons made $1.7 billion last year ― here’s how he went from the NSA to Wall Street

Jim Simons, founder of hedge fund Renaissance Technologies, is notoriously press shy. But in September 2015, he gave a rare interview to TED’s Chris Anderson to talk about his past and how it led him to the unprecedented success in the hedge fund industry. (Business Insider UK)


“World’s Smartest Billionaire:” James Simons is Cal Alumnus of the Year for 2016

Simons left academia in 1978 to start what became Renaissance Technologies, an early pioneer in quantitative, or model-based, trading, primarily in commodities and currencies; the Medallion Fund he managed there is one of the world’s most successful hedge funds. Forbes has listed him among the top 100 richest people in the world, and he has been called “the world’s smartest billionaire.” (Cal Alumni UC Berkeley)


Jim Simons’ Success Story: Net Worth, Education & Top Quotes

James Harris Simons, or Jim Simons, is known as the “Quant King” and started one of the most successful quant funds in the world, after stints at the National Security Agency (NSA) and teaching positions at the Massachusetts Institute of Technology (MIT) and Harvard. In 1982, at the age of 44, Jim Simons founded Renaissance Technologies and was the chairman and CEO of the firm. In 2010, he retired from his role as chairman and CEO of the fund but remains as a nonexecutive chairman of Renaissance Technologies. (Investopedia)