Flash Crash by Barry Ritholtz - September 27th, 2010, 5:48pm Nanex, via Marketbeat, gives us this graphical look at the Flash Crash: click for ginormous charts Social Visualization Software Review: IBM Many Eyes As we announced a few months ago, we will be starting a new feature aimed at reviewing visualization tools. This ongoing feature will hopefully shed light on these tools and if they might fit into your workflow. In the meantime, please feel free to give your opinion on this new reviewing feature in the comments section below. Should we change any of the criteria? Preet Bharara Takes on Wall Street Crime In the fall of 2003, Anil Kumar, a senior executive with the consulting firm McKinsey, and Raj Rajaratnam, the head of a multibillion-dollar hedge fund called Galleon, attended a charity event in Manhattan. They had known each other since the early eighties, when, as recent immigrants, they were classmates at the Wharton School of Business, in Philadelphia. Their friendship, intermittent over the years, was based on self-interest rather than on intimacy. Kumar, born in Chennai, formerly Madras, India, was fastidious and morose, travelling at least thirty thousand miles a month for work, and seldom socializing. Rajaratnam, a Tamil from Colombo, Sri Lanka, was fleshy and dark-skinned, with a charming gap-toothed smile and a sports fan’s appetite for competition and conquest.
A Note On Currency Wars I’ve seen a number of people — most recently, Yglesias — suggesting that mutual attempts by major economies to depreciate their currencies could be really helpful right now. The intuition seems clear: it gets countries printing money; and there’s also the historical argument by Eichengreen that competitive devaluation in the 1930s was actually quite helpful. But I don’t think this argument really works — at least not as phrased. The hypothesized currency war in which the Fed buys euros and the ECB buys dollars might not do any harm, but it probably wouldn’t help, either. Why?
Social Visualization Software Review: Tableau Public You have no doubt seen a Tableau chart before. They tend to be sleek, interactive, and intuitive. And they have already appeared in the Wall Street Journal, CNN Money, and CBS Sports among other places. The software is loved by many and quickly becoming the industry standard for those who DON'T necessarily consider themselves to be analysts. And it just became much easier for the non-analyst set to create excellent interactive charts with the recent release of Tableau Public, a new tool that puts the power of Tableau into the hands of everyone. This free version of Tableau was released earlier this year to much fanfare.
Teten & Farmer: VC & PE Funds’ Best Practices in Sourcing Investments Would you invest in a company that only sold to 1 out of 80 leads? Or a company that typically took one year and three professionals just to close a single client? In fact, you’ve already made that investment: in your private equity or venture capital fund. According to our data, the median investor in private companies reviews over 80 opportunities in order to make one investment. The median private equity fund required 3.1 investment team members to close one transaction in one year. Exhibit 1:Median Pipeline Size Necessary to Close 1 Deal
Quora As A Marketplace: Evisors Raises Seed Round To Let Startups Find And Connect With Experts Let’s say you’re a first-time entrepreneur. You’ve got a great idea for a product or business, but you don’t know where to start. You don’t know any VCs or angels, maybe your company isn’t right for an incubator, but you want firsthand advice from experts on how to proceed. While there are tons of amazing online resources for entrepreneurs and there’s some terrific expert advice on Quora on an array of entrepreneurial subjects, little of this information is personalized. This is one example of the value proposition of Evisors, a startup that is building a marketplace of expert advice. Founded in May 2010 by Harvard Business School grads Fredrik Marø, Marc Weiner, Dan Levy, and Wharton grad Christine Apold, Evisors offers on-demand advice, allowing consumers to go beyond their own personal and professional networks to search its database of experienced experts to directly schedule consultations.
The Internalizers and The Flash Crash; Let’s Talk Real Villains Sal Arnuk Themis Trading LLC 10 Town Square, Suite 100 Chatham, NJ 07928 973-665-9600 www.ThemisTrading.com By now every world citizen who has ever owned any stock knows “Waddell” as a household word. The regulators do not name them specifically in their October 1st SEC/CFTC Flash Crash Report (available here), yet the firm’s identity might just top the world’s worst-kept-secret list. If there were not enough references to Waddell and Reed over the weekend on Twitter and thousands of blogs, Dave Cummings, owner the HFT powerhouse Tradebot may have rectified that with his letter to the street, titled “Waddell Stupidity Caused The Crash” (available here). Waddell is blamed for unleashing an algorithmic percentage-of-volume order to sell 75,000 E-Minis that everyone seems to be crediting for the Flash Crash.
Social Visualization Software Review: Swivel As Google (Public Data Explorer) and Microsoft (Pivot) are getting into the mix of online data visualization tools, it is evident that this is a realm to carefully watch. Public data is de rigeur and blogs in this field are becoming ubiquitous, hence the perfect storm for online visualization. While public data is not necessary for online viz, it certainly makes it easy for the masses to enter the fray of data analytics.
Negotiating Employment with a “Private Equity” Firm – 7 Surprises to Expect > Sklover Working Wisdom “We’re all in this alone.”- Lilly Tomlin ACTUAL CASE HISTORY: Fourteen years of hard work had paid off for Enrique: he’d risen to Executive Vice President of a privately-held firm that was one of the country’s largest providers of continuing medical education for surgeons. He was number two to the firm’s founder, and the only non-family member among the senior-most executives. Enrique was considered by all to be a good prospect to run the company one day.
Stock market controlled by a visible hand Outside the Box By Michael Sincere and Pascal Willain BOCA RATON, Fla. (MarketWatch) — Many investors are confused because the stock market nowadays doesn’t appear to reflect the real economy. EPIC Systems - Trend Compass Trend Compass is a data visualization software using the latest and most powerful ideas in data visualization which is the Animated Motion Chart. Presenting our outstanding motion charts software - Trend Compass; we shall know more about motion charts, and as motion charts are a trend of data visualization; we shall also know what data visualization term means theoretically and practically. Data Visualization is the study of the visual representation of data, defined as information which has been abstracted in some schematic form, including attributes or variables for the units of information.
Everything You Wanted to Know About Credit Trading, But Were Afraid to Ask Markets have become far less volatile than last year, but many investors remain focused on the Credit Markets for signs and cues as to the next move. With so many people looking to moves in credit markets and trying to determine how successful an auction has been, I thought it would make sense to go through some examples of how credit trades. At one extreme you have a real market like for the E-mini S&P futures. That trades from Sunday at 6pm EST until Friday at 4:15 EST. It is virtually continuous and at any given time you can see the bids and offers of the entire market. Then you have credit trading, which has almost nothing in common with ES futures and their incredible liquidity and transparency.