Saturday, April 28, 2007

In the future, there will be only 4 big computers...

 

Meet Collosus, the computer which would play a mean game of tic-tac-toe...

Mr Simons is the king of the “quants”, quantitative investors who use complex models to come up with trading strategies. Renaissance has reportedly spent $600m on computers and other technology, much of it packed into the group’s 50-acre campus in East Setauket, about an hour from Manhattan. Mr Rosen describes the location as a cross between a university campus and the Pentagon, featuring a gym, a library, a tennis court and an auditorium that hosts academic lectures on topics with little connection to finance. On this campus, and at Renaissance’s office in Manhattan, Mr Simons and his army of PhD’s gather mountains of data on every conceivable security and futures contract and search for patterns, or “signals” that will tell them what is going to happen and when.

Source: FT.com / Comment & analysis / Analysis - The billion dollar boffin

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