How sinister of them, trying to compete with a proprietary codec by releasing free plugins for other vendors' browsers to play their unencumbered format.
Uh, it's very likely that WebM infringes on patents, so saying it's unencumbered is wrong. There's nothing wrong with supplying plugins to watch WebM video. Like Flash plugins, I won't install them. It's nice having freedom. WebM is going to remain a niche format, and Google and Adobe can enjoy their now obvious relationship together, as this serves only to prop up Flash.
The Mac App Store wasn't hacked. Developers aren't properly checking licenses when the app is run, so of course using any arbitrary license file will work. Complete FUD.
In fairness to the tranche modelers, all historical data indicated that foreclosures in geographically distinct areas were in fact largely uncorrelated. The housing bubble broke this assumption rather badly, but that was on those who made the bubble, not the quants.
My point was a bit more subtle. Those holding equity tranches want defaults to be highly correlated. Although high default correlation means if one fails, they all fail, it also means if one doesn't fail, none of the others do either. So equity tranches were priced using that correlation. Senior tranches want little default correlation, because it means that defaults are random and will be absorbed by the equity tranches. Those tranches were priced using that correlation.
Where High Frequency Trading really makes money is from trusts missing out on fractions of a percent - HFT is sort of a more legit version of the "steal the rounded off interest" scheme from Office Space - on an individual level it is meaningless, you may lose 1 cent per share, but doing this enough makes it profitable to the brokerages.
Making fractions of a cent on spreads is a market maker's reward for providing liquidity and taking risk for a large price swing in the period of time in which they are still holding the securities (in the case of an underlier) or haven't yet hedged (in the case of some derivative).
We paid for your dumb errors in the subprime crisis, so now that you are creating speculation on yet another imaginary value (physical closeness to the servers of the stock exchange ? Really ? Changes in the value of a company on the millisecond scale ? Are you serious ? ) you better show your whole scheme.
Whose dumb errors in the subprime crisis? Those errors were made by multiple parties. First and foremost, the people buying more than they could afford. It's taboo to demonize "Main Street," but let's face it, if people could, or chose to, do basic math, they would have realized they couldn't afford what they were buying. Second, stupid mortgage companies who relied on people's word that they could afford things. Third, those who thought tranching baskets of mortgages and pricing the tranches using default correlations for each tranche that were advantageous just to that tranche rather than rooted in reality.
These three groups of people have almost nothing in common with those who trade equities and equities derivatives. So, please, don't put two things you don't understand into the same bucket simply because both are products of "Wall Street."
Their customers, who are by and large not idiots, would obviously leave them if this were the case. Yet, they do not leave. They realize the simple truth that Goldman is extremely good at what they do and that includes helping customers make money.
Just because you don't understand something doesn't make it bad.
Maybe to be physically close to Wall Street computers.
Which, as mentioned, are all in New Jersey.
ARCA: Weehawken, NJ (to be moved to Mahwah, NJ early next year) NYSE: Mahwah, NJ NASDAQ: Carteret, NJ ISE: Jersey City, NJ (to be moved to Secaucus, NJ early next year) Direct Edge: Secaucus, NJ CBOE C2: Secaucus, NJ
111 8th is more important for the fiber going into it. It is the place you want to be if you're a telco.
I'm sure it's a peripheral factor, but it's not one of those "but.. but... but Best Buy's price is 8.5% higher than Amazon!" because of an 8.5% sales tax...
Really? It directly factors into my purchases pretty much every day.
I can be grudgingly convinced to accept auto-trading, after all it only takes a small portion from me since I make longer term trades,
Or it may give you a small portion. By providing liquidity, the price might have been 1 cent cheaper for you to buy than you otherwise could have paid.
one question I asked was, "is it true that at Apple you work really hard?"
Why in the world would you possibly ask this? All it does is make you sound scared of hard work. Of course they work hard! Anyone at the top of their field always does. It's how you get there.
I don't disagree they should get paid whats fair. Its definitely not fair that the traders get paid so much more
It depends on the firm. I'm sure there's exploitation at some of the low and mid-tier firms. The fact of the matter is that at a top firm, if you're truly talented, you will be taken care of very well. It is not unheard of for programmers to have a salary + bonus close to $400-$500k. More for senior guys.
The emulation isn't the most efficient. Without a decent CPU, you cannot emulate complex routing topologies. The biggest problem is that once you're emulating too many devices, you start dropping packets between them causing routing protocols to fail and effectively making the lab useless.
It's not clear to me the financial system needs such high precision timing.
A lot of it has to do with analytics and making sure your system is operating properly. Being able to compute network and software stack latencies often requires the clocks of multiple machines being very closely synced. NTP can't do it well enough in many cases. Without good synchronization, you end up (according to timestamps) receiving a packet before it was sent.
Slashdot Mirror
How sinister of them, trying to compete with a proprietary codec by releasing free plugins for other vendors' browsers to play their unencumbered format.
Uh, it's very likely that WebM infringes on patents, so saying it's unencumbered is wrong. There's nothing wrong with supplying plugins to watch WebM video. Like Flash plugins, I won't install them. It's nice having freedom. WebM is going to remain a niche format, and Google and Adobe can enjoy their now obvious relationship together, as this serves only to prop up Flash.
It doesn't say 'Mac App Store Hacked'... it says 'Mac App Store *APPS* Hacked', which is quite clear in my book.
They're not even hacked! Since when does not implementing something count as being hacked?
The Mac App Store wasn't hacked. Developers aren't properly checking licenses when the app is run, so of course using any arbitrary license file will work. Complete FUD.
In fairness to the tranche modelers, all historical data indicated that foreclosures in geographically distinct areas were in fact largely uncorrelated. The housing bubble broke this assumption rather badly, but that was on those who made the bubble, not the quants.
My point was a bit more subtle. Those holding equity tranches want defaults to be highly correlated. Although high default correlation means if one fails, they all fail, it also means if one doesn't fail, none of the others do either. So equity tranches were priced using that correlation. Senior tranches want little default correlation, because it means that defaults are random and will be absorbed by the equity tranches. Those tranches were priced using that correlation.
Where High Frequency Trading really makes money is from trusts missing out on fractions of a percent - HFT is sort of a more legit version of the "steal the rounded off interest" scheme from Office Space - on an individual level it is meaningless, you may lose 1 cent per share, but doing this enough makes it profitable to the brokerages.
Making fractions of a cent on spreads is a market maker's reward for providing liquidity and taking risk for a large price swing in the period of time in which they are still holding the securities (in the case of an underlier) or haven't yet hedged (in the case of some derivative).
We paid for your dumb errors in the subprime crisis, so now that you are creating speculation on yet another imaginary value (physical closeness to the servers of the stock exchange ? Really ? Changes in the value of a company on the millisecond scale ? Are you serious ? ) you better show your whole scheme.
Whose dumb errors in the subprime crisis? Those errors were made by multiple parties. First and foremost, the people buying more than they could afford. It's taboo to demonize "Main Street," but let's face it, if people could, or chose to, do basic math, they would have realized they couldn't afford what they were buying. Second, stupid mortgage companies who relied on people's word that they could afford things. Third, those who thought tranching baskets of mortgages and pricing the tranches using default correlations for each tranche that were advantageous just to that tranche rather than rooted in reality.
These three groups of people have almost nothing in common with those who trade equities and equities derivatives. So, please, don't put two things you don't understand into the same bucket simply because both are products of "Wall Street."
They've been robbing their customers for years.
Their customers, who are by and large not idiots, would obviously leave them if this were the case. Yet, they do not leave. They realize the simple truth that Goldman is extremely good at what they do and that includes helping customers make money.
Just because you don't understand something doesn't make it bad.
Maybe to be physically close to Wall Street computers.
Which, as mentioned, are all in New Jersey.
ARCA: Weehawken, NJ (to be moved to Mahwah, NJ early next year)
NYSE: Mahwah, NJ
NASDAQ: Carteret, NJ
ISE: Jersey City, NJ (to be moved to Secaucus, NJ early next year)
Direct Edge: Secaucus, NJ
CBOE C2: Secaucus, NJ
111 8th is more important for the fiber going into it. It is the place you want to be if you're a telco.
I'm sure it's a peripheral factor, but it's not one of those "but.. but... but Best Buy's price is 8.5% higher than Amazon!" because of an 8.5% sales tax...
Really? It directly factors into my purchases pretty much every day.
Don't you yank peoples have an equivalent of the metro? A paper that knows what it's worth?
Yes, it's called (wait for it) Metro.
I can be grudgingly convinced to accept auto-trading, after all it only takes a small portion from me since I make longer term trades,
Or it may give you a small portion. By providing liquidity, the price might have been 1 cent cheaper for you to buy than you otherwise could have paid.
one question I asked was, "is it true that at Apple you work really hard?"
Why in the world would you possibly ask this? All it does is make you sound scared of hard work. Of course they work hard! Anyone at the top of their field always does. It's how you get there.
Because no one hates an honestly earned dollar more than the wealthy, greedy aristocrats that run Wall St. That's why they hate unions.
I'm sorry. You just used "honest" and "union" in the same line. Boy have you been bamboozled.
That may be an excuse to break the encryption, but it isn't an excuse not to purchase a copy.
I agree. Since many people pay for cable TV, one could argue they're well within their rights to break HDCP encryption in order to time/format shift much as one would with a VCR (which we know were affirmatively held up as being legal to record TV shows for one's own use).
only excuse you may have is that you're outside the USA and want US content
Or if I want to use it under my terms and my choice of file format. On my choice of device. Using my choice of "unsupported" operating system.
It's people like you who let us get into this sort of situation in the first place.
If I didn't know any better, I'd honestly think this is the next plot in Stieg Larsson's Millennium series.
Hell, even Jersey bots are out of luck.
NYSE (Arca) is already in Weehawken, NJ, and everything (including NYSE proper) is moving to Mahwah, NJ, beginning Monday, 2010-08-09.
I don't disagree they should get paid whats fair. Its definitely not fair that the traders get paid so much more
It depends on the firm. I'm sure there's exploitation at some of the low and mid-tier firms. The fact of the matter is that at a top firm, if you're truly talented, you will be taken care of very well. It is not unheard of for programmers to have a salary + bonus close to $400-$500k. More for senior guys.
Cream floats to the top.
You can live an awesome lifestyle with that kind of salary.
You forget that it means living in New York City or its environs. $100,000/year is lower middle class in New York City. Things are expensive.
where are all these magical jobs that pay such huge salaries?
Mostly NYC. Some in Chicago. It's very tough to find good people. Not just coding, but infrastructure as well.
And in other news, I continue to close YouTube when I go to a video that doesn't have an HTML 5 version.
You could copy the existing system used by librarians all over the continent.
Except that not all libraries use it. A lot (like the university I graduated from) use the Library of Congress Classification.
My goodness, would it kill you to state what an acronym stands for the first time you use it?
I think we need a federal stack exchange tax.
Let me give you a bit of problem solving advice. If the solution you arrive at involves taxes, you're doing it wrong.
The emulation isn't the most efficient. Without a decent CPU, you cannot emulate complex routing topologies. The biggest problem is that once you're emulating too many devices, you start dropping packets between them causing routing protocols to fail and effectively making the lab useless.
It's not clear to me the financial system needs such high precision timing.
A lot of it has to do with analytics and making sure your system is operating properly. Being able to compute network and software stack latencies often requires the clocks of multiple machines being very closely synced. NTP can't do it well enough in many cases. Without good synchronization, you end up (according to timestamps) receiving a packet before it was sent.