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Home Jack Sarfatti's Blog Blog (Full Text Display) World Finance Demands Violation of Quantum Theory! ;-)

Mar
23

From string theory's financial derivatives to ....? ;-)*They are known as "quants" because they do quantitative finance. Seduced by a vision of mathematical elegance underlying some of the messiest of human activities, they apply skills they once hoped to use to untangle string theory or the nervous system to making money. Derman, Overbye noted, "fell in love with a corner of finance that dealt with stock options."*

"Options theory is kind of deep in some way. It was very elegant; it had the quality of physics" Derman told him.

http://www.edge.org/3rd_culture/derman10.1/derman10.1_index.html

Trades now travel at nearly 90% of the ultimate speed limit set by physics, the speed of light in the cables.

Competitive advantage

His first solution, published in 2010, considered the various latencies in global fibre-optic links and mapped out where the optimal points for financial transactions to originate - midway between two major financial hubs to maximise the chance of "buying low" in one place and 'selling high' in another."

http://www.bbc.co.uk/news/science-environment-12827752?utm_source=twitterfeed&utm_medium=twitter

Bye, bye, orthodox quantum theory. Where there is a will there is a way. ;-)

Subquantum Information and Computation

Antony Valentini

(Submitted on 11 Mar 2002 (v1), last revised 12 Apr 2002 (this version, v2))

http://arxiv.org/abs/quant-ph/0203049