elecengin

13 ms·

61.
by elecengin 16y ago
Since "Finance/Trading/Stock Market" is a bit of a wide net to cast, I will offer my opinion on a small chunk. To understanding modern automated US equity trading, it pays off to understand the basic mechanics underpinning the market, and g
62.
by elecengin 16y ago
Oops, you are absolutely right. I got confused. Rule 390 was much more obscure... It had to do to with selling NYSE listed stocks on ECNS and such. It was under Regulation SHO that this got changed. Thanks for pointing that out!
63.
by elecengin 16y ago
I think there are plenty of good descriptions of the basics of short selling here, but I wanted to help explain the "who are you borrowing from" aspect. When you trade, you must trade through a broker-dealer. A broker-dealer is authorized t
64.
by elecengin 16y ago
There is no ban on "shorting" onions specifically - it is just not traded on the futures market at all. Gerald Ford pushed through legislation on behalf of onion farmers in the late 1950s to disallow it on the futures market. It has been an
65.
Scientific American: Does the US Produce Too Many Scientists?(scientificamerican.com)
5 points by elecengin 17y ago|0 comments
66.
by elecengin 17y ago
I have to admit: this is one of the most well reasoned, clearly articulated discussions of the patent system I have read in a very long time. Only one portion that I think is misleading: "Meanwhile, the loss of patent protection for softwar
67.
by elecengin 17y ago
Not exactly - what is being described here are two exploits. The first exploits the difficulty the market has in determining the "NBBO" - the National Best Bid/Best Offer. This is the best price for buying and selling the stock on all marke
68.
by elecengin 17y ago
I work in finance as a developer, and I have found there is also a demand for high performance C++/C software people - our development team is composed mostly of ex-telecom engineers from Cisco et al. The performance is a priority when trad
69.
by elecengin 17y ago
(I have submitted this to Tufte's site, but it is awaiting moderation. I figured I would post here as well) Under 35 U.S.C. 301, you may submit proof of prior art to the patent office for any patent. To quote: "Any person at any time may ci
70.
High Frequency Trading: We Fear What We Do Not Understand(seekingalpha.com)
2 points by elecengin 17y ago|0 comments
71.
by elecengin 17y ago
This extraordinary performance was not limited to Goldman - many of the high speed trading outfits managed to earn similarly impressive numbers (albeit on a smaller absolute scale) As you can imagine, the market conditions in a period of su
72.
by elecengin 17y ago
"But if you still must use pie charts, I beg you not to use 3D pie charts. Please, they are simply an abomination. Making them 3D just makes them even harder to interpret." I agree! I never understood why a pie chart (with the principal val
73.
by elecengin 17y ago
I am not sure you understand - BATS is an ECN, not an exchange. In fact, most trading is on ECNs nowadays. An ECN is basically what you describe - typically a web application (usually using a protocol called FIX) that matches buyers with se
74.
by elecengin 17y ago
BATS does not only compete on price and speed. It offers many unique order types tailored to it's main market - high speed traders. Targeting high speed traders gave BATS an advantage because those are the customers that make exchanges mone
75.
by elecengin 17y ago
"With all the bailouts the government is giving everyone, no one has any personal accountability about their own debts." So true. The sanctity of an obligation, as the article discusses, was destroyed when the government ruled one side of t
76.
by elecengin 17y ago
I sometimes think that patent trolls are just the scapegoat for larger issues at hand. Patent trolls are simply acting upon their rights with issued patents. In many cases, the patent trolling is not what is absurd - it is the patents. Pate
77.
by elecengin 17y ago
Are patents too complex? Yes. It used to be possible to file a workable patent without the aid of an attorney/agent if you had a strong technical background and willingness to learn. Now, there is no doubt that the process requires substant
78.
by elecengin 17y ago
Since they now have a trademark application in the works, they _must_ try to enforce it. When a company consistently neglects to enforce it's trademark and it becomes part of the language, it becomes a genericized trademark. it ends up in t
79.
by elecengin 17y ago
The article is very misleading. Researchers in many cases do not need to request permission if the research is focused on a new drug: http://en.wikipedia.org/wiki/Research_exemption
80.
by elecengin 17y ago
I always marveled at how you could patent genes, which seemed to me to be "naturally occurring phenomena", which is supposedly not patentable. It is even more preposterous when you consider that plant patents specifically exclude tuber plan
81.
by elecengin 17y ago
As an electrical engineering grad, I have thought about the option of becoming a Professional Engineer. The idea behind the PE certification is professional responsibility - I see very little wrong with requiring that an engineer stands beh
82.
by elecengin 18y ago
I attend(ed? graduating soon!) a college where all students received a full tuition scholarship - regardless of socioeconomic status. Besides being an effective "carrot" to attract students to a new engineering school (or, in some cases, pe
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by elecengin 18y ago
On paying legal fees in frivolous cases: I completely agree this would help in many situations. It isn't easy, though, to determine what constitutes as a baseless claim. Are all claims that seem to be just aggressive litigation deserving of
84.
by elecengin 18y ago
These guys are a local company out in Boston, and I know a few fellow students who have interned with them. The beauty of the system, as many people mentioned, lies in the simplicity of it. It has two uncommon traits for robotics - reliabil
85.
by elecengin 18y ago
A quick shout-out to the US Patent Examiners - these individuals have technical degrees just like us, and do their best to weed out the crap patents they can. In fact, they are judged (for better or worse) by the number of patents they succ
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by elecengin 18y ago
The cases you are referring to - where there are blocking patents - generally are resolved with mutual licensing agreements. Of course, there are many exceptions, especially when there are patent trolls involved. In these cases, though, I r
87.
by elecengin 18y ago
I find this article weak in places. Software patents are already on the rocks - if you look at cases like re: Bilski, it is clear that many software patents do not meet the new requirements for process/business method patents. I am continua
88.
by elecengin 18y ago
Well now you only have a year under 102(b)... This counts as public disclosure. Although, more seriously, I doubt it would be accepted. In order to be patented, the idea must be novel, useful, and not obvious. It meets the requirements for
89.
by elecengin 18y ago
Another case that is applicable is Williams Elec., Inc. v. Bally Mfg. (No. 82 C 2167) In this case, the copyrighted design of a pinball machine playfield was copied almost exactly. The court did not rule there was infringement due to the fa
90.
by elecengin 18y ago
This is a very interesting marketing example. Google is not just describing features, but helping the user build a need. They took the spam problem, which most execs would view as a simple annoyance, and made a tool to translate that annoya

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