Fierce Finance – Back when the industry trading scandals were white hot, there was a little bit of Schadenfreude emanating from the algorithmic crowd.
These quant-oriented funds were quick to point out that they didn’t need to scour for tidbits of illegal insider information to trade on. They made money via their technical prowess and programming skill. But that’s not always the case.
Read more: SEC targets quant funds – FierceFinance http://www.fiercefinance.com/story/sec-targets-quant-funds/2011-10-04#ixzz1ZuCncaJB
Subscribe: http://www.fiercefinance.com/signup?sourceform=Viral-Tynt-FierceFinance-FierceFinance
