That’s the million dollar question In today’s world of algorithmic and model driven trading, the decision to trust or override a model isn’t binary it’s a dance between data discipline and human intuition. It’s not about distrusting the model it’s about knowing when the model is out of its depth. Veteran traders develop a sixth sense. If something feels off even if the model says “go” override it. Survival often depends on intuition.
If OP is legit, all you have to do is to Google his name to find out which bank is sitting at. I wonder what the purpose of the question is. Is he going to help us in anyway? Do we have an infiltrated buddy that can whisper some tricks?
a guy worth 40bn posts on an online website with his real name a naive question that he could have answered by a thousand people including Steve cohen or Jamie dimon. I reported to Baron yesterday. No reply yet.
I wished, they never ceased, they only renamed the game. Program trading desk, facilitation trading, trade warehousin; or moved capital into a segregated entity, if that did not work from a regulatory standpoint then the bank entity wrote capital "guarantees" that liquidity providers use as collateral to fund the segregated entity. A million different possibilities and regulators in the US are a) too dumb, b) too slow, c) most important, completely complicit because they never wanted it to change, it was all just for the optics of the public eye, the public needed some "sacrifices" after many lost their homes and more during the GFC.
This link, the profile picture is the same. Sounds like a case of identity theft. https://www.hangseng.com/en-hk/about/board-of-directors/clement-kwok-king-man/
The banks were saved using tax payer money. So wasn't the purpose to avoid speculation with downside payed for by the tax payer?
i think the guy is legit. i think it's admirable that he wants to get to the bottom of why trading models fail. it's a epidemic now that managed money is doing so poorly. bank executives have all these egg heads with phd's that are trying to apply outdated guidelines to new dynamic markets. many bank exec's should be wondering why they are struggling to beat buy and hold. they get a model setup, and it just falls on its face because of curve fitting. the cycle will never end until someone ask hard questions.