A Novel Approach to High Frequency Trading

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Interesting…

HFT has proven to be singularly destructive. Despite the claims of it defenders, it does not increase market liquidity; it merely increases trading volumes without improving ease of execution. 60% of US stock market trading volume comes from HFT. HFT has undermined how markets operate. Institutional investors have diverted some of their trades to “dark pools” to escape the pred Retail traders have become increasingly distrustful of equity markets, thanks to HFT-related debacles like the flash crash and Kraft’s first trading day at NASDAQ, when its initial trades had to be cancelled.

via It’s Time for a Tax to Kill High Frequency Trading « naked capitalism.

Still Using Firebug?

Chrome Developer Tools

As a web developer, I hadn’t decided to focus on front-end work until another developer told me about Firebug.

When I started targeting mobile, I switched to the Developer Tools suite (DevTools) built in to Google’s Chrome browser.

Two years later and I’m just beginning to realize what I’ve been missing. I was on the /r/javascript forum on Reddit and the top post is a slide deck showing forty pro tools and tips I had no clue about.

http://bit.ly/devtools-tips

 I find DevTools an indispensable utility and yet I’ve only been using 10% of its capabilities.

- @quantumtom

Fadebook? Hilarious.

I would have never seen this coming. I’d previously believed Facebook would not be a good long-term hold, but I had no idea the IPO could come unraveled to such a degree. It’s quite a confidence-shaker, don’t you think?

Facebook’s founder, Mark Zuckerberg, has gone from hero to zero as the stockmarket flotation of the decade flounders amid lawsuits and accusations of greed, hype and deception.

via Facebook founder Mark Zuckerberg sees stock tumble amid IPO lawsuits | Technology | The Guardian.

Apple-Google Squabble Spreads to LA

The Chiat/Day relationship with Steve Jobs and Apple is nothing short of legendary. That legend goes something like this:

Chiat was hired by Apple to create the (also legendary) Ridley Scott-directed, $1 million, only-aired-once-cause-it’s-so-goddamn-special 1984 commercial that introduced the Macintosh line of computers during the Super Bowl.

Big Brother on the telescreen in the Apple 1984 commercial

Big Brother on the telescreen in the Apple 1984 commercial

When Jobs was forced out of left Apple, he used some of his newfound wealth to put Chiat/Day on retainer as his personal ad agency; basically, he took them with him when he left the company.

Steve Martin in "The Jerk"

Artist's rendering of Jobs departure

The Building

The ad agency used some of that money to build a new office building.

Claes Oldenberg's binoculars sitting on Gehry's original model

LOL Binoculars

Completed in 1991, Chiat’s Gehry-designed building on Main Street in Venice is a globally-recognizable structure that boasts office space of 71,935 square feet teamed with the iconic presence of Claes Oldenberg‘s enormous binocular edifice arching over the original parking entrance. The building is within sight of the original design space of Charles and Ray Eames, a stone’s throw from one of our favorite Austrian’s old hangout spots (e.g. Gold’s Gym), and across the street from the original Venice Short Line Ocean Park Yard trolley station (it’s now an MTA bus depot and you can still see some original rail tracks from before the buses took over).

In 1996, the ad agency left that building and moved to Playa del Rey. Jobs was running NeXT computer when that company was bought by Apple. TBWA/Chiat-Day created a self-contained subsidiary called Media Arts Lab. This new organization would be dedicated to a single client, Steve Jobs.

Apple’s New Rivalry

Make no mistake: Google wants to kill the iPhone. We won’t let them.” – Steve Jobs addressing Apple employees in early 2010

Apple (Jobs) seems to thrive on competition. See Microsoft (Bill Gates) for more info. Jobs has always had a reputation for being the “cool kid” amongst the tech giants. Your cute lab partner in chemistry class? Steve’s ex-girlfriend. And like any good Alpha geek, he’s got a chip on his shoulder. Just let him think he’s in charge and everything will be cool.

Steve Jobs (Noah Wiley) confronting Gates (Anthony Michael Hall) about Windows in The Pirates of Silicon Valley

Steve Jobs (Noah Wiley) confronting Gates (Anthony Michael Hall) about Windows in The Pirates of Silicon Valley

I’m still researching the origins of their personal relationship, but they’ve been neighbors for years. Schmidt was a big deal at Sun when they developed Java and then went to run Novell before leaving to head Google. He’s taught at Stanford. It seems like the guy has been in the Valley since grad school.

Fast-forward to 2010. Rumours develop of a rift between Eric Schmidt and Steve Jobs.

It’s like watching Lex Luthor fight Dr. Viktor von Doom: baaaaaad aaaass (I leave it up to you to figure out who’s who in that simile)

So, this post will never be done. I have to publish it now or I will never stop working on it.

But the saga continues…

Further reading:

http://gawker.com/#!5497193/exclusive-how-googles-eric-schmidt-lost-his-mistress-his-partner-and-steve-jobs

http://www.nytimes.com/2010/03/14/technology/14brawl.html

UPDATE: An anonymous source at Google confirmed that this theory is not unlikely. Internally, Googlers are a little jealous of the unstoppable climb in Apple’s share price. Coupled with the its fanaticism, the reality distortion field (RFD) at Apple breeds contempt amongst the faithful toward any perceived non-believers.

New Versus Classic Koch

Heres something for your “can this possibly be for real” file this morning. Over at the Buffalo Beast — the former print alt-weekly turned online newspaper founded by onetime editor Matt Taibbi, typically best known for its annual list of “The 50 Most Loathsome Americans” — there appear to be recordings of a phone call between Wisconsin Gov. Scott Walker and current editor Ian Murphy. Now, why on earth would Scott Walker want to talk on the phone with the editor of an online site in Buffalo? Well, he wouldnt.

via Scott Walker Gets Punked By Journalist Pretending To Be David Koch.

Ubuntu, Sprint WiMAX (4G), and Intel’s 6250

Trying to get the new Dell Inspiron 1012 with Intel 6250 to work on Sprint’s WiMAX (4G). CDMA worked fine and normal wireless LAN functioned perfectly, yet 4G was elusive.

Then I found http://ubuntuforums.org/showthread.php?t=1508183

cd wlwifi-6050-ucode-9.201.4.1
sudo cp iwlwifi-6050-4.ucode /lib/firmware
sudo chmod 644 /lib/firmware/iwlwifi*

sudo chown root:root /lib/firmware/iwlwifi*
sudo rmmod -f iwlagn

sudo modprobe iwlagn