Anyone use Wilmott finance forum (serving Quantitive finance community

N

Nana Trader

I can see Wilmott forum very focused around data processing analysis with all computing power, opposed to ET forum where seems everything is more about visual analysis and manual handling

Look at here, technical forum from Wilmott with 35000 members
http://www.wilmott.com/categories.cfm?catid=4
Though i have some knowledge of easylangauge, VB+Excel,
SQLserver, access,... I don't understand any of discussions

Now, I have been told trading isn't science, even their
forum sponsors differs from ET which geared more
toward programing or some seems non-trading related
to me at least :confused:

What is your take on this? Should i sign up?
Do you really need too much of digital power
 
i know a few of the players there. wilmott is mainly quant trading, arb, exotics, and the like.

they are traders for inst. desks and not retail. imo

also keep in mind, for example, 100MM type funds are not flexible animals. hence the move towards arbs, exotics, etc.

find a happy medium

--RS
 
Quote from Nana Trader:

I can see Wilmott forum very focused around data processing analysis with all computing power, opposed to ET forum where seems everything is more about visual analysis and manual handling

Look at here, technical forum from Wilmott with 35000 members
http://www.wilmott.com/categories.cfm?catid=4
Though i have some knowledge of easylangauge, VB+Excel,
SQLserver, access,... I don't understand any of discussions

Now, I have been told trading isn't science, even their
forum sponsors differs from ET which geared more
toward programing or some seems non-trading related
to me at least :confused:

What is your take on this? Should i sign up?
Do you really need too much of digital power
More...

Yeah, I keep track of Wilmott, I was a member over there before ET, hence different handles. Problem is that Wilmott is much more focused on pricing models rather than my current interest which is on market microstructures. So I am keeping track of the discussion there a bit less. It is not just system programming (which I am completely interested in), it is also the analytical models over there.

There are people that believe pricing and modeling is trading, and then there are people who believe otherwise. In terms of participant quality, there are a little more pure academic discussions over there, so there a little more brain teasers, but less market and rumors. There are just as many trolls and fanatics over there.
 
Quote from robertstone:

i know a few of the players there. wilmott is mainly quant trading, arb, exotics, and the like.

they are traders for inst. desks and not retail. imo

also keep in mind, for example, 100MM type funds are not flexible animals. hence the move towards arbs, exotics, etc.

find a happy medium

--RS
More...

What you mean by exotics? and are you saying many100MM funds still don't apply them or these techniques dying edge today? Thanks for extra confusion :)
 
Quote from rufus_4000:

Yeah, I keep track of Wilmott, I was a member over there before ET, hence different handles. Problem is that Wilmott is much more focused on pricing models rather than my current interest which is on market microstructures. So I am keeping track of the discussion there a bit less. It is not just system programming (which I am completely interested in), it is also the analytical models over there.

There are people that believe pricing and modeling is trading, and then there are people who believe otherwise. In terms of participant quality, there are a little more pure academic discussions over there, so there a little more brain teasers, but less market and rumors. There are just as many trolls and fanatics over there.
More...

Intersting, can you further explain in details the
term microstructures, and are you refering to pricing
models as studies like Bjerksund-Stensland, Black-
Scholes,...available in TS8 that used for Option trading?
Are pricing and modeling each can be separate elements
of strategy designing?

Also do you find much benifit from their disscution,as they
aren't easy to absorb? Pardon my ignorance
 
Quote from robertstone:

i know a few of the players there. wilmott is mainly quant trading, arb, exotics, and the like.

they are traders for inst. desks and not retail. imo

also keep in mind, for example, 100MM type funds are not flexible animals. hence the move towards arbs, exotics, etc.

find a happy medium

--RS
More...

Yup you got it.

institutional.
 
Funny ...I've pointed people back to that forum in more than one of my posts here so far.....Three things to offer you as advice....1)They know what they're talking about and aren't affraid to share ideas because we all went to school for the same things anyhow....2.) If you feel threatened by some of the words there use www.Wikipedia.com ... Most everything as we all know is only difficult because we aren't use to the teminology....and 3.)Although those guys are are gushing with brain power....the majority of them would sh*t their pants if they ever were told they would have to be the one to actually trade the money. Most of them are just financial data modelers/computer programmers and have never seen a hard day of trading in their life...So don't be so intimidated by any means, because you are probably already a step ahead...

Vizion
 
Quote from mrvizion:

Funny ...I've pointed people back to that forum in more than one of my posts here so far.....Three things to offer you as advice....1)They know what they're talking about and aren't affraid to share ideas because we all went to school for the same things anyhow....
You mean THEY went to school.....

2.)
If you feel threatened by some of the words there use www.Wikipedia.com ... Most everything as we all know is only difficult because we aren't use to the teminology....
I guessed so

3.)Although those guys are are gushing with brain power....the majority of them would sh*t their pants if they ever were told they would have to be the one to actually trade the money. Most of them are just financial data modelers/computer programmers and have never seen a hard day of trading in their life...
How would you know they have never traded?

So don't be so intimidated by any means, because you are probably already a step ahead...
yeah, but eventualy they will be ahead of me if ever they
trade, since there are lot of ideas that i can't code for doing
some realtime calculations, and they don't lack this aspect
More...
 
Quote from Nana Trader:

Quote from mrvizion:

Funny ...I've pointed people back to that forum in more than one of my posts here so far.....Three things to offer you as advice....1)They know what they're talking about and aren't affraid to share ideas because we all went to school for the same things anyhow....
You mean THEY went to school.....

2.)
If you feel threatened by some of the words there use www.Wikipedia.com ... Most everything as we all know is only difficult because we aren't use to the teminology....
I guessed so

3.)Although those guys are are gushing with brain power....the majority of them would sh*t their pants if they ever were told they would have to be the one to actually trade the money. Most of them are just financial data modelers/computer programmers and have never seen a hard day of trading in their life...
How would you know they have never traded?

So don't be so intimidated by any means, because you are probably already a step ahead...
yeah, but eventualy they will be ahead of me if ever they
trade, since there are lot of ideas that i can't code for doing
some realtime calculations, and they don't lack this aspect
More...


Interesting that I wasn't attempting to offer you sarcasm....Well let me clarify.....1.) I see that my first sentence was corrrupted by my own lack of sleep at the moment....I was expressing that I went to school for FINANCIAL ENGINEERING AS WELL....2.)If you are so knowledgeable of Wikipedia...I'd imagine you wouldn't be so intimidated by the terminology that appears to be running a muck over your head.....3.) I know this because I'm a member to that website and if you looked at it long enough you would know that the majority of people there aren't physically trading but instead get paid to model data.... Not to mention how many of the people, that are there, are still students....Finally from your last statement in you believing that you could never accomplish some of the same feats as many of the coders there....Then I will offer you a final suggestion...get Matlab and the real time workshop....
More...
 
Quote from Nana Trader:

Intersting, can you further explain in details the
term microstructures, and are you refering to pricing
models as studies like Bjerksund-Stensland, Black-
Scholes,...available in TS8 that used for Option trading?
Are pricing and modeling each can be separate elements
of strategy designing?

Also do you find much benifit from their disscution,as they
aren't easy to absorb? Pardon my ignorance
More...

The standard pricing models assume a somewhat perfect and efficient market, for instance option pricing. I am much more interested in price drifts, order books (based from Roll model) and time series (like the works that Andrew Lo's group at MIT is doing), O'Hara's work on informed trading, etc. The general idea is that maybe we can explain some of the "irrational" behaviors by the market during a fast market. The general idea is that market is a random walk with noise, and I am trying to focus on the causes of the "noise". Also, the implication is that price drifts (noises) should be applied in a pricing framework (back to pricing models again), so that the "theoretical prices" can be adjusted according to some of the market structures. Naturally, back to trading, my systems currently take advantage some of the ideas to do very short-term trades to exploit the price "noises".

Maybe one day I would distill this stuff into a good long journal paper, I have wrote a couple of conference papers, etc, just to write the ideas and preliminary results down.
 
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