Building a Trading System Is Derivative
Tuesday, August 3, 2010 at 7:13AM
Michael Bigger
Corbett Barr explains in this blog post that “Everything is Derivative.” Barr points out that “Innovation drives business, and innovation is an incremental process. You take something that exists and push it a little further.”
Building a trading system is no different. In our business, people get stuck because they think about D. E. Shaw when they hear the word "algorithm." You don’t need to build a D.E. Shaw system to make money. Build your own system starting with your current knowledgebase, following your own path, and using your own recipes. Okay?
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