Home > slashdot > Sudden Demand For Logicians On Wall Street

Sudden Demand For Logicians On Wall Street

May 26th, 2010 05:46 admin Leave a comment Go to comments

An anonymous reader writes “In an unexpected development for the depressed market for mathematical logicians, Wall Street has begun quietly and aggressively recruiting proof theorists and recursion theorists for their expertise in applying ordinal notations and ordinal collapsing functions to high-frequency algorithmic trading. Ordinal notations, which specify sequences of ordinal numbers of ever increasing complexity, are being used by elite trading operations to parameterize families of trading strategies of breathtaking sophistication. The monetary advantage of the current strategy is rapidly exhausted after a lifetime of approximately four seconds–an eternity for a machine, but barely enough time for a human to begin to comprehend what happened. The algorithm then switches to another trading strategy of higher ordinal rank, and uses this for a few seconds on one or more electronic exchanges, and so on, while opponent algorithms attempt the same maneuvers, risking billions of dollars in the process.”

Source: Sudden Demand For Logicians On Wall Street

Related Articles:

  1. The Wall Street Casino
  2. Wall Street Traders Charged With Copying Code To Start Their Own Company
  3. Wall Street Traders Charged With Copying Code To Start Their Own Company
  4. Hackers Find New Way To Cheat On Wall Street
  5. Hackers Find New Way To Cheat On Wall Street
blog comments powered by Disqus