SPOOZ Inc (SPZI)

[songbirdia]

Hi, MC

One of my favorite quotes from John Unwin’s presentation at the FIA expo.

Q: What are the biggest mistakes to avoid when implementing algorithms”

A rough transcription of most of John Unwin’s answer:

“To me the main thing is lost opportunity. So you have an idea, and the idea has a half life. If you can’t utilize that idea, if you can’t make something of out of it, you’ve lost it, you’ve lost that potential. And that’s where we see it’s important that we provide those tools. Minimize that, so your idea is actually put into practice.

"There’s many things that people would do which are different from well know algorithms. You all are interested in algorithms, you probably all have ideas about how you trade. What you need is a way that a way that you materialize those ideas into something that you can then use. So from my point of view I think one of the issues is with algorithmic trading becoming more popular, one of the things is that you are going to have to have different algorithms.

"The same old algorithms just working against each other just introduce predictability, and the wolves will have you. So you’ve got to think of your own ways, of what you really add into it, and that’s where we see we want to shorten that gap between what you know and what you believe and how you do it”