Quantitative Trading

“We were sort of the first to combine like social data with quantitative trading. And I think I think now it's very common”

“If you have a fund of ten million dollars, if you find a little anomaly in the market that you might be able to make a hundred K a year from, that's a one percent return on your ten million fund. If your fund is a hundred K, that's a hundred percent return, ri…”

“It's relatively efficient. I think it depends on the transparency of the strategy. So equity long short, I would say is pretty efficient. There's a lot of teams. They all go to the same conferences. A lot of them know each other. People move around. Analysts m…”

“Quantitative trading actually benefited from the volatility in 2008, because the more volatility in the markets, the wider bid ask spreads are.”

“Primarily because I sort of felt like it was an arms race, which it certainly has become, but where it was just sort of a race for people who had faster machines and faster connections to the New York Stock Exchange.”

“So yes, I mean, like, when you don't understand the why, and then when, especially if the future is going to be different than the past, that's definitely a cause for a blow-up.”