November 17th, 2015, 7:15 pm
QuoteOriginally posted by: AlexEroQuoteOriginally posted by: outrunNo it doesn't.For starters even the smallest trading firms I've worked with uses full orderbook-flow data from multiple market/exchanges.Sorry, "Doesn't" what ?In the past in one of the labor dept. filings RenTec stated that it uses mostly *futures* market.Now in the new filings they claim that:"8. According to the Applicant, the Medallion Funds invest and trade in various types of financial instruments as determined by Renaissance, including, without limitation: (a) equity securities and related instruments, such as common and preferred stocks, ADRs, options, warrants, convertible securities and swaps and other derivatives relating to equity securities, (b) futures contracts (and options thereon) and forward contract transactions, and (c) fixed income securities and related derivatives, including U.S. and non-U.S. government issued (and U.S. government agency guaranteed) securities, mortgage-related securities and derivatives and credit default swaps."RenTec labor filings.................................................................................................................Several additional details about RenTec here:In recent years Simons seems to be especially keen on stockpiling computational linguists who have worked on building computers that can recognize speech. He has hired away a good part of the speech recognition group from IBM Corp. Why computational linguists? "Investing and speech recognition are very similar," says one Renaissance researcher. "In both, you?re trying to guess the next thing that happens."Simons interviewnothing surprising there - they would want to keep it broad. just because they say that they might do something doesn't bind them to do it.
knowledge comes, wisdom lingers