In <9302091839.AA09736@maggie.shearson.com>, Perry E. Metzger writes: |> > From: Eric Hughes <hughes@soda.berkeley.edu> [...] |> > Not only that, he was single handedly responsible for the 15 minute |> > delay rule in reporting stock market transactions. Evidently he |> > applied information-theoretic techniques to the data and was able to |> > make a load of money at it. I have no references on this, and would |> > love to see some. |> |> I don't believe this. You can buy data feeds that give you instant market |> data, rather than 15 minute delayed information. I've worked for |> operations like Morgan Stanley's Analytic Proprietary Trading Group, |> and although I've seen some neat tricks applied to market data, I've |> never heard tell of Shannon developing any, nor is there any delay |> in the data such groups use for trading. |> |> Perry In particular, Compuserve subscribers get 15-minute old stock quotes for free, and pay extra to get closer to real-time. To quote an advert from Open Systems (Propaganda) Today: " SuperHackers D.E. Shaw & Co., a small, ... algorithmic trading firm, seeks brilliant, world-class software professionals to help create Wall Street's future. ..." This may be drifting off-topic, unless someone sees a way to finance anarcho-ventures with high-tech arbitrage. I suppose Perry would be in the middle of any such cabal -- or maybe he isn't saying ;-) ^ / ------/---- cp@jido.b11.ingr.com (Craig Presson) / /