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    Understanding Currency Exposure in Composite Derivatives

    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...
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    software engineer path

    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.
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    software engineer path

    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...
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    eurodollar futures hedge question

    By forward, I meant a Forward Rate Agreement.
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    eurodollar futures hedge question

    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...
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    Data storage for backtesting

    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.
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    Where do I hire a programmer to create or help me set up a system for analysis?

    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...
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    The Shorting of Frauds, Overhyped and Bankrupt Stocks Journal

    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...
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    Security Lending, Internal Borrows, Omnibus Accounts, Position Netting, Tax Reporting

    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...
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    Short Stock Borrowing Costs

    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...
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    Security Lending, Internal Borrows, Omnibus Accounts, Position Netting, Tax Reporting

    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...
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    Security Lending, Internal Borrows, Omnibus Accounts, Position Netting, Tax Reporting

    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
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    Matlab question - for guys who use it every day

    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...
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    Holding Long & Short Positions Simultaneously?

    Be careful of wash sale rules. Boxes positions are not popular anymore.
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    LF Software Architects and Principal Software Engineers in Boston

    Looking for Software Architects and Principal Software Engineers to take this leading investment technology company to the next level! Technologies: C#, WCF, WPF, .Net 4.0, CAB, Sql Server, T-SQL, TFS, MSTest/NUnit/RhinoMocks, TPL. Business Areas: Order Management, Risk, Analytics...
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    Shorting without borrowing stock

    +1 to the answers above. I also want to clarify that it isn't up to you personally to deliver the borrowed shares on T+3. There is a whole middle-office process about inventory and delivery instructions. I assume that we are talking about US stocks (other countries have variations from this...
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    Pair Trading Strategy Journal

    You can effectively short using a swap. Talk with your prime.
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    Level 2 tick data

    NetTecture provided a valuable reality check.
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    Marriage, just don't

    Drama is a tool to get and hold attention. Don't mistake a performance for authentic misunderstanding / reasonable disappointment / righteous indignation. One easy tell is when you are frequently wrongly accused. Check-out Karpman triangle. More generally, can you really fault the woman...
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    Level 2 tick data

    I believe with Nanex/NxCore you can buy as little as one day's worth of Level I and Level II data.
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