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Comment There should be a hat tip to ZeroHedge (Score 1) 1

by kurthr (#28639259) Attached to: Traffic sniffing on the NYSE drives trades/profit?

Much of this information, including NYSE's correction of their program trading reports and apology appear to be due to Tyler Durden's work (nice nick BTW :^):
http://zerohedge.blogspot.com/

The apparent criminality he regularly reports, and lack of enforcement by SEC, OCC, and others is pretty dramatic. This just appears to be the latest and most tech oriented.

The claims that local pre-transaction exchange trading messages are unencrypted seems bizarre, but I suppose stranger things happen.
Security

Submission + - Traffic sniffing on the NYSE drives trades/profit? (ritholtz.com) 1

Submitted by
joeblo
joeblo writes: "There are recent rumors that Goldman Sachs may have been front running everyone in the market to the tune of $100M/day.

"That Goldman Sachs may just possibly have used security access codes and built a system to acquire trading information PRIOR to transaction commit time points at NYSE."

It is well known that GS has comprised as much as 30% of all NYSE daily traffic over the last several months and more than 50% of high speed program trading.

As a "liquidity provider" they have also been give extraordinary access to the NYSE exchange and their network. High speed quantitative trading is also well known, but in recent months various technical trading parties say that the market has been acting very strange with long held correlations falling apart. That along with the arrest of a (until recently) GS employee for allegedly stealing their code has led to some wild speculation.

"The bank [Goldman Sachs] has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways," [Asst. U.S. Attorney] Facciponti said, according to a recording of the hearing made public yesterday. "The copy in Germany is still out there, and we at this time do not know who else has access to it." Bloomberg

Which raises the question why it's unfair, if someone other than GS uses the code to manipulate markets?

Do any of the quant nerds reading Slashdot have comments on the possibility of this? Even if the less wild allegations prove true, it seems difficult to have true market pricing when a single participant controls such a large fraction of trades, and almost all crucial trades near 'the bell'."

Comment Re:Elsevier seems particularly prone to being "gam (Score 2, Interesting) 219

by kurthr (#26220165) Attached to: Crackpot Scandal In Mathematics

As a published scientific author-
Elsevier sucks!

They have bought important 'name' journals and charge for everything (including your pre-prints) that they possibly can. Many reputable departments are boycotting their publications now.

They even bought me a nice dinner once in Tokyo. I guess that was a sign they were making too much money and had no idea how to spend it.

Comment Re:Slashdot editor sucked in again? Or took money? (Score 1) 569

by kurthr (#23968885) Attached to: The Fight To End Aging Gains Legitimacy, Funding

The slashdot article is about a fraudulent subject? So I guess, if there is actually a conference then you made a fraudulent post?

You may not like investigating the causes of aging or treating death as an engineering problem, and you're welcome to your beliefs. That doesn't mean that we who would like to extend our meager productive years should not try to solve parts of a problem that kills more people than any other, until we understand the "epigenome" and every other scientific question.

I find your post dysfunctional... your biggest worry is about anyone making any money off of any post (why this post? where will CowboyNeal get his next meal?). You make wild accusations about "real science", when this is actually a conference being attended by scientists, for scientists. Everything, but the friday session, is a technical conference.

Instead of just spending time in your fantasy world, why don't you look into what Aubrey is trying to do and how he's doing it. He's trying to get science done on focused areas that get us incrementally closer solving some fundamental engineering problems related to aging.

The current administration is religiously opposed to "un-naturally" extending life so the government is little help. Not doing this (privately funding research into aging) is kind of like not bothering to figure out what's wrong with your car, and driving it till it burns up on the freeway, because Schwarzenegger wouldn't foot the mechanic bill.
It's funny. Laugh.

Submission + - CES 2008 Hall of Shame

Submitted by
Romana Reynolds
Romana Reynolds writes: "The CES 2008 Innovations Design and Engineering Awards Showcase honored the Atom Chip Corporation, which was exhibiting the same 100GB, 500GB, and 1TB "quantum optical" memory chips back in 2006. We actually wandered by, but long gone are the "SolarMemory" chips, and he didn't know anything about Duke Nuk'em Forever.

A little easy digging shows that they'd been making the same extraordinary claims and exhibiting prototypes at CES during the past three years, long enough to make "atom chip hoax" the fourth suggestion on typing "atom chip" into Google. Atom Chip Corporation's web site bids us all "Welcome to the World of Nanomicrons and Beyond." Which is a world smaller than a meaningful subatomic unit, the proton.

I'm amused that the "preeminent" panel of judges failed their vetting and gatekeeping functions. But I fear that Atom Chip will gather investors based on their recognition at CES, and continue in the game for many years to come, while honors at CES become a Hall of Shame."

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