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Seeking A Cause After 10-Year Treasury Bond's Unnerving Move
"Until last year, the work that Q.M.M. performs was handled by human traders at JPMorgan Chase, who would shout prices into a phone and yell “Done!” when the trade was executed. Now, Q.M.M., which sits on the same floor as those traders in a Midtown Manhattan skyscraper, can come up with the same prices in a fraction of a second. When it completes a trade, it emits a jingling cash register sound, making the trading floor sound like an arcade." .............. "[J.P Morgan] is involved in experimental efforts like Project Neptune, a collaboration among financial firms aimed at making it easier to find specific bonds electronically. That will involve failures along the way when some markets don’t evolve as expected."
Hmmm, and would these "failures" involve carbon-based investors, Mr. Rohrbaugh?
Comments
http://dealbook.nytimes.com/2014/10/19/shouts-on-bond-trading-floor-yield-to-robot-beeps/
"Until last year, the work that Q.M.M. performs was handled by human traders at JPMorgan Chase, who would shout prices into a phone and yell “Done!” when the trade was executed.
Now, Q.M.M., which sits on the same floor as those traders in a Midtown Manhattan skyscraper, can come up with the same prices in a fraction of a second. When it completes a trade, it emits a jingling cash register sound, making the trading floor sound like an arcade."
..............
"[J.P Morgan] is involved in experimental efforts like Project Neptune, a collaboration among financial firms aimed at making it easier to find specific bonds electronically.
That will involve failures along the way when some markets don’t evolve as expected."
Hmmm, and would these "failures" involve carbon-based investors, Mr. Rohrbaugh?