Louis K. Salkind, Ph.D.
Vice Chairman, D. E. Shaw & Co.
Abstract:
Over the past
two decades, advances in global financial markets, computer technology, and
financial theory have made it increasingly possible for investment managers to
design algorithms and computer programs to make their trading decisions for
them. In this talk we give an overview
of this growing area of finance, which is sometimes referred to as
computational trading. We will review
some of the quantitative and computational technologies that are used in the
area, describe some of the technical challenges that must be overcome, and
speculate on the future impact of such trading in the development of financial
markets.
About the Speaker:
Lou Salkind
serves as vice chairman of D. E. Shaw & Co., a specialized investment firm
with approximately $7 billion in aggregate capital. Dr. Salkind received his A.B. from