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> I'd like to hear a coherent argument how realtime or even sub-second pricing of securities and derivatives I won't touch equities, but surely it's obvious wh
by twic 7y ago
> I'd like to hear a coherent argument how realtime or even sub-second pricing of securities and derivatives
I won't touch equities, but surely it's obvious why derivatives have to be priced quickly? When the underlying moves, you have to re-price the derivative, otherwise you're giving away money!
- Swenrekcah 7y agoWell, anything that limits the complexity of derivatives is probably a good thing! Obligatory caveat: I know derivatives aren’t evil, and are very useful to the world, but we all know what happens when they get so complex that almost nobody knows what they are.
- pgwhalen 7y agoArtificially stale derivative prices are unquestionably more complex than up to date ones.