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MoneyScience Financial Training: Introduction to QuantLib Development with Luigi Ballabio - September 22-24, London, UK - Further Information
GPUs, Monte Carlo Simulation and Kooderive with Professor Mark Joshi - October 29-31, London, UK - Further Information

June 2011

MoneyScience Reloaded! Welcome to the New Site!

June 30, 2011 Comments (0)

6 months in the making, and several years in the conception, I am delighted to welcome you to the latest iteration of the MoneyScience website!
We have come along way since the original launch in 2004 and finally the site has the capabilities that as a founder and publisher I have long dreamed of!
Thanks to Thematic Networks' innovative Spine Technology platform, MoneyScience is now a full featured, privacy-enabled social network, a curated editorial publication and a unique multi-channel...

Attention Hedge Fund Bloggers!

June 28, 2011 Comments (0)

On the old site we had tonnes of relationships with bloggers and the section on hedge fund blogs was particularly strong. We're keen to get re-aquainted!
If you run one of these blogs and would be interested in working with us to make you content available to our users either as a widget (examples), a news channel (examples) or by importing your RSS into an MS blog (example) then please drop me a line: jacob@moneyscience.com.
We also like Hedge Fund Blogger, Hedge Fund News and Between The...

Synchronicity, instant messaging, and performance among financial traders

June 17, 2011 Comments (0)

Long-standing problems are quite often solved simultaneously by various people working alone. Take, for example, naturalists Charles Darwin and Alfred Russel Wallace, who separately proposed the theory of evolution by natural selection. Or French physicist Edme Mariotte who independently landed on what is now known as Boyle's law of gases, without knowing that Robert Boyle had just done the same. Robert King Merton, the grandfather of social science, called it the concept of...

Video: The Evolution of Financial Technology

June 17, 2011 Comments (0)

An unmistakable glow of nostalgia rises from this reunion of "five of the founding fathers of modern finance," in the words of Andrew Lo. The speakers reminisce about their start in economics, and their professional lives at MIT, a decades-long era of intense collaboration and creativity that both transformed the academic field and the landscape of real-world finance.
Andrew Lo chairs this panel which includes: Stewart C. Myers, Myron Scholes, Robert Merton, John C. Cox. and Stephen...

UK Government explores the future challenges and opportunities of computer trading in financial markets

June 17, 2011 Comments (0)

The UK Government Office for Science has embarked on its latest Foresight project, which will examine the challenges and opportunities presented by technological advances in financial markets worldwide.In recent years the ways in which financial markets operate have been transformed by fast-paced technological progress. For example, the volume of financial products traded through computer automated trading - taking place at high speed and with little human involvement - has increased...

Computers That Trade on the News

June 17, 2011 Comments (0)

Graham Bowley writes in the New York Times:

The number-crunchers on Wall Street are starting to crunch something else: the news.Math-loving traders are using powerful computers to speed-read news reports, editorials, company Web sites, blog posts and even Twitter messages — and then letting the machines decide what it all means for the markets.The development goes far beyond standard digital fare like most-read and e-mailed lists. In some cases, the computers are actually parsing...

Call for Proposals 2011 – Faculty Research Award Competition Financial Literacy - Behavioral Finance and Stock Investment

June 15, 2011 Comments (0)

Via: The College of Business at the University of Michigan-Dearborn
The College of Business at the University of Michigan-Dearborn has established the Betty F. Elliott Initiative for Academic Excellence (Elliott Initiative) out of the expendable gift received from a generous donor. It is hoped that this initiative will have a major impact on the College of Business’s strategic efforts over the next ten years and beyond.
The Elliott Initiative will develop a compelling...

Book Review: Minding the Markets: An Emotional Finance View of Financial Instability by Professor David Tuckett

June 5, 2011 Comments (0)

Heather Stewart reviews Professor David Tuckett's examination of the trading psychology of 50 billionaire investors:

In Minding the Markets Prof David Tuckett, from University College London, argues that contemporary economics, with its neat mathematical models and fully rational robot-like decision-makers, fatally under-estimates the importance of emotions.
There is plenty of economic research – by George Akerlof and Robert Shiller, for example – on the psychology of market...

Food Prices and Speculation - Quotes from Dan Basse, president of AgResource

June 3, 2011 Comments (0)

"There's a lot of weather in the market, the northern growing season has been traumatic, with drought in Europe and China and tornadoes and floods in the US. No one is panicked yet, but any additional crop loss, say in Russia, will quickly bring new worry to the market and that could quickly turn to panic. We may be one more event away from panic..."

"Speculation is the easy thing to point the finger at and it's easy to fix. Back in 2008, when prices were up and there was lots of...