Richard Bookstaber, one of the original MIT math geeks gone bad (a.k.a. “quants”) and the guy who literally wrote the book on how to destroy Wall St. with computers, has been tracking what he calls the “arms race” in high-frequency, computer-automated trading. If he’s correct with his recently floated hypothesis that “the days for high frequency trading are numbered,” then this would be pretty bad news for Intel, AMD/ATI, and NVIDIA.
Why High-Performance Computing Needs Financial Engineering
April 23, 2009