SP

Quotes by Scott Patterson

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I throw the best parties.
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I get bored very easily.
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The morning of the offering, NYSE officials on the floor passed out silver bells emblazoned with NYX on the handle. Traders were told to ring them with abandon at the open. While they were billed as a shiny memento, their true purpose – to drown out the expected chorus of boos and catcalls from disaffected specialists – spoke volumes about the turmoil behind the scenes.
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Insiders say the pressure to succeed at Renaissance can be brutal. One mathematician at the fund may have succumbed to the pressure on March 1, 2006. That’s when Alexander Astashkevich, a thirty-seven-year-old MIT graduate who worked at Renaissance, shot and killed his estranged wife in the small town of Port Jefferson, Long Island, before turning the shotgun on himself. He left behind a six-year-old son named Arthur.
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The Algo Wars were leaving a path of destruction in their wake. “HFT algos reduce the value of resting orders and increase the value of how fast orders can be placed and cancelled,” wrote Nanex researcher Eric Hunsader. “This results in the illusion of liquidity. We can’t understand why this is allowed to continue, because at the core, it is pure manipulation.
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However, if it gets to a situation where people are refusing not to abide by it, we do have the authority to not allow them to ride the bus. So that is one stick the agency has that it can use.
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In 10 different takes, you can do a scene 10 different ways.
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I never worked in a coffee shop and I don't drink coffee, so I never thought I would become a coffee pusher on TV.
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If you only look at salaries, we don't look very good. But if you look at total compensation, we look pretty good.
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This is not good. The decline in enrollment is something we have to grapple with.
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