In the same year that Risk was launched, an 18-year-old Harvard University economics student named Kenneth Griffin decided to try his luck in the markets, buying a put option on a stock that a US business magazine article had claimed was overpriced. It proved to be a good trade, but brokerage costs depleted profits and the frustrated student wondered if there was another way that this kind of opportunity could be exploited.
Poring over finance books in Harvard's business school library, Griff
The week on Risk.net, October 6-12, 2017Receive this by email
- Quantile, TriOptima face off in cleared swaps compression battle
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- ABS set for revival under US Treasury’s liquidity buffer plans
- Quants stymied by lack of alternative risk premia flows data