Recent content by Steven.Davis

I am trying to understand how to evaluate exposure/ownership in derivative products. For example, a Brazilian denominated account could have a Euro denominated subaccount which has a position in the Euro E-Mini S&P 500 which is float weighted calculation based on share prices in dollars...

We are having a hard time finding good programmers (especially architects and lead programmers) in Boston who ideally know about trading. I interviewed for 8 months before placing someone. Resumes welcome.

There is nothing wrong with learning to program, but this is self-directed learning. You get what you put in, and if by 18, you never had the curiosity. I might want Donald Trump's paycheck, but that doesn't make it a job for me. Software is a knowledge and problem solving game. What is it...

By forward, I meant a Forward Rate Agreement.

Holdings a futures position <> 0 Duration. The futures position is mark-to-market. As Libor goes up or down, there is a cashflow stream. What it does do is to link future short-term interest rates, future discount factors, and long-term interest rates. If you want no sensitivity to interest...

Any SQL database can aggregate 1 min data to 5 min data either on-the-fly using a view or stored using a stored procedure.

A. I was glad to see point A as there is a huge interest in the financial sector among college students some of whom are quite capable if not yet competent. A previous poster made an important point that these engagements tend to be ongoing relationships as new ideas beget new ideas rather...

Similar experience on several stocks. You spot a fraud, short, news gets out, news conference which admits with a smiley face, stock goes up, tying up capital for years. When the price finally get low, playing chicken with the halting and delisting process; otherwise, tied up again through the...

Here are a few quotes/summaries from the FASB Guidance on offsetting 210-20-05-1 This Subtopic provides criteria for offsetting amounts related to certain contracts and provides guidance on presentation. It is a general principle of accounting that the offsetting of assets and liabilities in...

There are a number of well written webpages available: http://www.jpmorgan.com/tss/General/Securities_Lending_Managing_Value_Generation_and_Risk/1256338170739 is at the top of a Google search. Long investors can make a little extra alpha and alot of extra leverage by lending or...

Can a Portfolio Manager elect to lend shares between accounts which have different beneficial ownership? How should a netted shorts participate in the collateral and costs of a loan? As I am sure that you well appreciate, the setup on these questions can be quite lengthy, but without it, one...

I have some very technical questions about trade accounting where the custodian/prime accounts are either omnibus or where the fund's trade accounting contains internal strategy distinctions which are not visible to the street. Any suggestions appreciated, Steven

I haven't used Matlab in a decade so I can't add to much. Four points. 1. DDR3 memory is much faster than DDR2. Current top is 2133MHz vs 1066MHz. 2. ECC memory is a little slower due to needed an extra cycle to EC. For mission critical, I consider it a must have at 2133 MHz. 3...