Edward J. Strafaci ~ Academic Blog

Please click on the link below to view: A Survey Study of Stock Repurchase Programs.

7 finance firms working with AI, and why you should fear them : These firms are putting artificial intelligence to work in financial services. Should you be afraid of them?

u work in trading, you might be feeling pretty perky right now. Maybe you think Gary Cohn is  going to bring back prop trading ? Maybe you think the normalizing U.S. rate environment and erratic Trump tweets are an opportunity? Before you get too enthusiastic, you might want to temper your excitement with a look at what you’re up against. The new generation of  artificially intelligent (AI) trading systems  are coming to eat your lunch. Take Sentient Technologies, a secretive company that has spent the past decade training an AI system that  Bloomberg  says can, ‘scour billions of pieces of data, spot trends, adapt as it learns and make money trading stocks.’ This might sound pretty standard for a 21st century AI trading machine, but it’s the manner in which Sentient sets about the task that makes human traders look horribly inadequate. Having scrutinized Sentient’s patents, Bloomberg says it has, ‘thousands of machines running simultaneously around th...

Trump, Wall Street and the ‘banking caucus’ ready to rip apart Dodd-Frank | Center for Public Integrity : An “off ramp” for regulations What Dodd-Frank does:  The law placed restrictions on some of the risky behaviors that led Wall Street to the 2008 financial crisis. The rules are meant to prevent another major collapse and to protect consumers from abuse. What the Choice Act does:  The act would allow financial institutions to avoid many of these rules. If financial institutions keep 10 percent of their assets to absorb potential losses, they would be exempt from increased scrutiny under Dodd-Frank, regardless of size. “Too Big to Fail” What Dodd-Frank does:  The law provides a way for the government to wind down failing banks that are “too big to fail.” The bank would go through a government-led bankruptcy designed to prevent the damage a big bank’s failure may otherwise inflict on the financial system. What the Choice Act does:  The bill would replace these ...