FOREX QUANT

November 9, 2007

Mr. Bean and the Volatility

Filed under: Uncategorized — by TraderMade @ 10:24 am
Tags: , , ,

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The intraday volatility pattern in the major currency pairs would likely to stay the same, thanks to these reasons on why London will keep its role as the center of financial world:
(taken from this link).

  • (US) Financial regulation: After scandals like Enron, the financial industry is more heavily regulated. The Sarbanes-Oxley Act required lots of tightening of financial controls. As a result, it’s less attractive to do business in a country where every transaction is scrutinized.
  • Patriot Act and Dept. of Homeland Security: After 9/11, US security was tightened quite a bit. That means there’s less openness with foreign transactions, travel, and more. In contrast, London is easier to deal with.
  • Time zones: Who wants to keep weird hours? London’s time zone is more favorable for many world areas. Investors, generally outside of the US, who want to keep more regular hours trade on London time.
  • International flavor: With London’s immigrant financial workforce and relatively open work and travel visas, the city’s financial makeup is very internationally diverse. Last year, a Russian pipe manufacturer chose to list with London’s stock exchange rather than NYSE because it’s “very internationally flavored,” a sentiment that is likely echoed by many others with financial interests.

Mr Bean has probably been adding more weight to the image of London’s openness. Imagine having friends like him for a coffee during the market break. Perhaps I could ask him for some advices on the market. lol.

(*)

2 Comments »

  1. If you are into a conspiracy theory in a way, you might also believe that Mr. Atkinson is a Quants too, actually. He hosts his black box in a top tier broker under a non-disclosure agreement. LOL🙂

    Comment by Mbund — November 24, 2007 @ 10:36 am |Reply

  2. ha ha ha.. yeah.. :-))
    he partnered with Balidev in developing his teddy-like robot. :-p

    Comment by darma — November 24, 2007 @ 9:17 pm |Reply


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