Transactional & Referential Data One thing is certain: your data is not in the state you want it, nor is your reporting. That is the number one reason you want to integrate into one system. You are tired of the disparate set of data going, coming and not connecting. The integrity of your reporting has…
There are also other examples of how to hedge a chemical plant or power plant, as well. In the early 2000’s I started a trading strategy of playing ethane to natural gas spreads as far out I could build the portfolio. I always wanted a long-dated economic trading book, and this fit perfectly. So…
Black Holes vs. Black-Scholes: I have specifically carved out a chapter for valuation, as it is never ceases to be an important part of any system, in any trading and risk management strategy. The dichotomy of this area is that we have many basic valuation tools, including some old-school tools that became the norm out…
Big Data “It’s not if, but when,” is a line I picked up – from Warren Buffet – from an annual report twenty years ago. There are many who are frustrated that more data, at more granular levels, with 21st century valuation techniques are not available today. It is an old story from Enron days…
