Regulators Want "The Secret Trading Code"

in #money8 years ago

This story should run chills up your spine!

As reported by Zerohedge here:

Regulators are seeking Quants to divulge their secret code on how they beat the market. Renaissance Technologies or 'Rentec' an investment fund with 60 Billion in profits, whose founder is none other than an award winning mathematician and former Cold War code breaker who specializes in systematic trading, has been asked by the regulators to hand over their secret sauce!

There have been other funds who also have been approached by regulators, such as Citadal and Two Sigma, who are also pushing back on the attempt for the regulators wanting a little sneak peak!

Geesh... just when you thought you were free to make it big on your talent and research. How long before that code is all over the Internet, once they get it!