By William D. Cohanlong Read
On the far side of an office park in a suburb of Seattle, a supercomputer is teaching itself to beat the stock market.
The holy grail of high finance doesn’t look like much: eight rows of servers enshrined in a black metal frame. But inside this austere enclosure, an incredible alchemy is taking place. Four hundred computers blink and hum as market data is digested at a rate of one quadrillion calculations per second, firing order requests to electronic traders in Chicago, 2,000 miles away. Outside the containment, a bank of 10 glowing monitors displays the results as money rolls back in.
Even now, as the world economy slumps into a recession, Jeff Glickman and his boutique investment firm, J4 Capital, are quietly taking gains. “Suffice it to say we’re making a profit in this market,” he says.
This somewhat understates the miracle that Glickman claims to have performed. When we spoke on March 20, J4 Capital was up nearly 4% for the year, according…
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Source : fastcompany.com
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