The various companies and organisations that supply our community have achieved differing levels of success, with some staying as kitchen-table operations and others reaching the giddy heights of multinational commerce. Perhaps none has risen so far as Raspberry Pi though, as there are reports that the developer of single board computers might be seeking a £400m listing on the London Stock Exchange some time next year. The news is that they have sought the advice of investment bankers over the possibility of a float, seeking to secure further investment to further develop their product portfolio.
We’re not investment advisers here at Hackaday so we’re not going to suggest whether or not to bet your shirt on Pi shares, instead our interest lies in what this might mean for their family of products. It’s an inevitable process for any start-up that achieves major success that it will over time progress from being directed by vision to being directed by commerce, and perhaps a listing could be the culmination of this process. It’s fair to say that we tinkerers probably represent less of a market than education or industry to the Pi folks, so how might we win or lose when the suits take the helm?
Continue reading “Buy A Piece Of The Pi?”
In the middle of the East Coast’s slow broil in the summer of 2018, a curious phenomenon surfaced. As a tropical air mass settled in and smothered the metropolitan New York area, a certain breed of stock speculator began feeling the financial heat as the microwave signals linking together various data centers and exchanges began to slow down. These high-frequency traders rely on getting information a fraction of a second before other traders see the same thing and take advantage of minuscule price differences to make money hand over fist.
While you won’t catch us shedding many tears over the billions these speculators lost during the hot spell, we did find the fact that humidity can slow microwave propagation enough to make this a problem for them a fascinating subject, enough so that we covered it in some detail at the time. While financial markets come and go and the technology to capitalize them changes at a breakneck pace, physics stays the same, and it can make or break deals with no regard to the so-called fundamentals.
So it was with great interest that we happened upon Tom Scott’s recent video outlining how one new stock exchange is using physics to actually slow down stock trades, in an attempt to gain a competitive advantage over the other exchanges. In light of the billions lost over the summer to propagation delays amounting to a mere 10 microseconds, we couldn’t help but wonder how injecting a delay 35 times longer using a “magic shoebox” was actually good for business. It turns out to be an interesting story.
Continue reading “Putting The Brakes On High-Frequency Trading With Physics”
In the financial sector, everyone is looking for a new way to get ahead. Since the invention of the personal computer, and perhaps even before, large financial institutions have been using software to guide all manner of investment decisions. The turn of the century saw the rise of High Frequency Trading, or HFT, in which highly optimized bots make millions of split-second transactions a day.
Recently, [Wired] reported on Numerai — a hedge fund founded on big data and crowdsourcing principles. The basic premise is thus — Numerai takes its transaction data, encrypts it in a manner that hides its true nature from competitors but remains computable, and shares it with anyone who cares to look. Data scientists then crunch the numbers and suggest potential trading algorithms, and those whose algorithms succeed are rewarded with cold, hard Bitcoin.
Continue reading “Hedgefund Startup Powered By Crowdsourced Code”