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Businesses

+ - Using the Web to Get the Boss to Pay More

Submitted by
Arun Jacob
Arun Jacob writes "The NYT has an interesting article — Using the Web to Get the Boss to Pay More — on online tools that can help in salary negotiations. Link here (Free registration required).

To summarise, the article talks about the websites that provide information on standard compensation packages for your position and role. Using this information, it should be easier to negotiate your pay with a fact-based approach rather than "feelings-based" approach. The sites profiled are —
Salary.com (Data available only for US)
Payscale.com (International)"
Businesses

+ - Using the Web to Get the Boss to Pay More

Submitted by
Arun Jacob
Arun Jacob writes "The NYT has an interesting article — Using the Web to Get the Boss to Pay More — on online tools that can help in salary negotiations. Link here (Free registration required).

To summarise, the article talks about the websites that provide information on standard compensation packages for your position and role. Using this information, it should be easier to negotiate your pay with a fact-based approach rather than "feelings-based" approach. The sites profiled are —
Salary.com (Data available only for US)
Payscale.com (International)

I have used Payscale.com. My comments on this concept on my blog."
Software

+ - DOW drop, arbitrage and automated trading systems

Submitted by
Arun Jacob
Arun Jacob writes "On Feb 27, the Dow Jones Industrial Average (DJIA) dropped 540 points. In this 540, there was a 200 point-drop in a split-second that is attributed to problems with the Dow Jones data systems. Due to the record volumes, the DJIA re-calculation system could not keep up with the flood of orders and the DJIA value shown on tickers was 70 minutes behind the actual values. This was auto-detected just before 3 PM, when backup systems kicked in and updated to the real value in a split-second creating a 200 point cliff. This event itself had been reported on Slashdot previously.

Roger Ehrenberg, the former CEO of Deutsche Bank Advisors LLC and an ex-MD at Citibank analysed in a blog post the arbitrage opportunities that would have come up during the mismatch between the real DJIA and displayed DJIA. He points to automated programs doing statistical arbitrage that would have been able to notice the discrepancy and trade to take advantage.

Since quite a few of the brightest techies are writing pricing/risk/trading engines on Wall Street, can we get a feel from Slashdotters on the extent of automated trading programs out there? What is the scope of their algorithmic trading? Also, do these systems run on typical Unix systems, and what is the nature of experience of the techies who would code these systems?"

Debug is human, de-fix divine.

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