galen211

4 ms·

1.
by galen211 8y ago
In an analogous situation. I try to think of my current work as a stepping stone to other opportunities, but admittedly it's tough. I'm also genuinely interested in data science, but am skeptical that to do data science you have
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by galen211 8y ago
This is great - I refuse to mess with VBA and I've been doing all my spreadsheet regex work using R/RStudio until now. The regex feature alone could save me tons of hours in my consulting job.
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by galen211 9y ago
Second that - would also be interesting for English speakers learning a language like Chinese, where the average literate speaker can recognize about 5000 of the most frequently used characters.
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by galen211 10y ago
fwiw, Coinbase wouldn't be the first financial institution to challenge a John Doe Summons. The IRS issued one to UBS in 2008 ( https://www.justice.gov/archive/tax/txdv08584.htm ). UBS claimed it couldn'
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by galen211 11y ago
I gave the tool a try on a document I'm drafting for review by our lawyer. It's pretty interesting and I can definitely see it saving some time. I'm curious though, aren't there any word processing applications built s
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The democratization of the bond market(medium.com)
4 points by galen211 12y ago|0 comments
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by galen211 12y ago
Sure - if you own a bond maturing in 10yrs and paying a coupon of 2% yearly, what you have is a series of cash flows of 2 2 2 2 2 ... 102. In other words, a treasury bond can be decomposed into a series of zero coupon cash flows (interest
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by galen211 12y ago
There's been a lot of concentration in assets under management among a few top buy-side institutions while dealers have reduced their risk tolerance/balance sheet and been displaced by electronic market makers, relative value hedg
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by galen211 12y ago
Thanks - we chose Treasuries because it's a highly liquid market, and the bonds are easy to value. Even large trades can't move prices by that much since the cash flows of Treasuries are fungible. Also, the current electronic sy
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by galen211 12y ago
Diversification. Also, even if investors don't buy bonds, prices in the bond market still affect them. Treasuries represent the price of 'cash in the future' since they are risk-free assets. Everything from mortgage rates
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by galen211 12y ago
HFT firms can only access on-the-run trading currently. That doesn't mean the bank is responsible for all the liquidity in off-the-runs. It's just highly inefficient that intermediation has to occur via the swapbox, which isn&#x
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by galen211 12y ago
Brokertec and eSpeed are inter-dealer platforms. If you're an asset manager, pension fund, or even a central bank, you can't trade without going through a bank. The point is to create a market that treats investors the same as b
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by galen211 12y ago
The problem is that the market has been skewed by banks, which set-up the existing electronic platforms in the 1990's. The electronic trading protocols were designed to be exactly like a telephone conversation between the bank and its
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by galen211 12y ago
hmm so at the nexus of the money system, there is a marketplace run by banks with very little oversight from regulators. Sounds reasonable.
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by galen211 12y ago
define fake liquidity
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by galen211 12y ago
So bottom line, the people paid millions of dollars per year by banks to understand the market have to ask IT for an explanation of the market? Hmmm...
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Crises, dark pools and thermonuclear war(galen211.svbtle.com)
2 points by galen211 12y ago|0 comments