The further integration of finance and technology will continue to expand. The student who was developing a black box seemed to be on track with his thoughts of licensing his creating instead of selling it outright.
1) Algorithm to make nanosecond financial transaction decisions 2) Execute thousand of such transactions in day, week, month, year 3) Small percentage fee for every transaction 4) ... 5) Profit?
I agree 100% as a matter of fact Neil Degrasse Tyson once said that the united states will be left in the dust because other countries will surpass the united states with technology because we do not have quality education, or at least education that goes toward the right measures.
Depends what the graduates go out to do. High frequency traders function only to fill their own pockets by essentially robbing the rest of the investment community. Others go on to manage risk at large firms which is a service to all people who rely on said firm to earn a living. Others might go on to do consulting or work corporate finance.
Legally stealing money from other investor? These people are willingly putting there money at risk speculating on stock, no one is forcing them to do so. How can that be called stealing, that like saying an nba team is steal another nba team money because they won the game... High-frequency trading has NOTHING to do with politicians. You're confusing speculating on the stock market with forcing politician to pass law for you or insider trading.... Not all rich people are bad, that just ignorant
I would agree that some ppl would downplay the math involved with finance majors, but not that it's ever higher than engineering... I've never heard of any finance program outside of financial engineering related programs that require students to learn multivariate calculus, diff eq, or linear algebra
Most systems in engineering have predictable functions whereas finance is essentially random walks based off of human behavior, I assure you forecasting or even understanding why the price of copper goes down is much more difficult than predicting fluid dynamics at a chemical plant.
I get that, but most (and I'm assuming just based off my own experience) finance graduates don't make the models that estimate prices based off market changes. They might use a program that already does it for them or hire a contracting company that does unless the company is into trading. Financial engineers may have to valuate those changes, but finance graduates dont typically do as they can be in corporate finance and end up maintaining debt securities or be involved with stock issuance
The further integration of finance and technology will continue to expand. The student who was developing a black box seemed to be on track with his thoughts of licensing his creating instead of selling it outright.
1) Algorithm to make nanosecond financial transaction decisions
2) Execute thousand of such transactions in day, week, month, year
3) Small percentage fee for every transaction
4) ...
5) Profit?
How can you do highfreqeuncy trading for stocks, considered the minimum of 10$ for every transicition?
I agree 100% as a matter of fact Neil Degrasse Tyson once said that the united states will be left in the dust because other countries will surpass the united states with technology because we do not have quality education, or at least education that goes toward the right measures.
Financial Engineering, wow, scary term.
Yep.
how does this help anyone altruistically?
loool wtf
Depends what the graduates go out to do. High frequency traders function only to fill their own pockets by essentially robbing the rest of the investment community. Others go on to manage risk at large firms which is a service to all people who rely on said firm to earn a living. Others might go on to do consulting or work corporate finance.
Food
And they called it financial "engineering"?
Legally stealing money from other investor? These people are willingly putting there money at risk speculating on stock, no one is forcing them to do so. How can that be called stealing, that like saying an nba team is steal another nba team money because they won the game...
High-frequency trading has NOTHING to do with politicians.
You're confusing speculating on the stock market with forcing politician to pass law for you or insider trading.... Not all rich people are bad, that just ignorant
@firemarshall007 n u r point is ??
2:31
Financial Engineering = Alchemy.... Its better to be a Value Investor
8years later, they were paid 100 times more than a real engineer
not too many people know that finance majors require higher math applications than even engineering majors lol
That is absolutely not true. Only exception is master students in financial engineering degree plans.
mathematical finance, financial engineering, statistical finance, computational finance. Then there is finance.
I would agree that some ppl would downplay the math involved with finance majors, but not that it's ever higher than engineering... I've never heard of any finance program outside of financial engineering related programs that require students to learn multivariate calculus, diff eq, or linear algebra
Most systems in engineering have predictable functions whereas finance is essentially random walks based off of human behavior, I assure you forecasting or even understanding why the price of copper goes down is much more difficult than predicting fluid dynamics at a chemical plant.
I get that, but most (and I'm assuming just based off my own experience) finance graduates don't make the models that estimate prices based off market changes. They might use a program that already does it for them or hire a contracting company that does unless the company is into trading. Financial engineers may have to valuate those changes, but finance graduates dont typically do as they can be in corporate finance and end up maintaining debt securities or be involved with stock issuance