Hackers Of ‘Wannacry’ Demand Bitcoins, As A Trader Why Should You Care?

Bitcoin and hacking

By Sushant Ratnaparkhi

It’s been a week since a ransomware called ‘Wannacry’ or ‘Wcry’ or ‘WNCRY’ is making headlines. If your computer shows nothing but this window then you’re in trouble.

Wannacry Virus

More than 200k computers in 175 countries [1] have been infected by Wannacry. This malware went viral like a cat chasing dog video.

What is ransomware?

This is a malware, a piece of code made by a group of people with not so good intentions, it takes control of your PC without your consent (of course!), then it encrypts all of your data and locks it down. Locked data can only be accessed with a key that these hackers have, so if you want to get back your data you have to pay them. Ransom is nothing new, villains in Bollywood have been doing this since ages, only this time it’s your data, not daughter.

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QuantCon 2017: Algorithmic Trading Opportunities in Asia

QuantCon 2017 hosted by Quantopian in New York City from April 28th to 30th. The conference featured expert workshops and talks on how one can overcome barriers to algorithmic trading, quantitative finance, and machine learning.

Rajib Ranjan Borah at QuantCon

Rajib Ranjan Borah addressing the audience at QuantCon

Our director, Rajib, was one of the speakers amongst the many prestigious speakers at QuantCon. He spoke on Algorithmic Trading Opportunities in Asia -Regulations, Technology, Competitive Landscape, Opportunities.

The high frequency and algorithmic trading landscape in America is hugely competitive. Understanding this, Rajib elucidated how it has become prudent for firms that have built their expertise to look at nascent markets in Asia. Using similar effort and expertise in Asia might generate higher profits and also provide early mover advantage to some of the new markets.

However, the road is full of unique obstacles – and an inside insight to the challenges and possibilities is critical. This talk at QuantCon hopefully cleared some of the confusions and threw more light to the algorithmic trading business expansion possibilities in Asia.

In conclusion, it was indeed a great opportunity for QuantInsti to be associated with QuantCon and contributing to the world of algorithmic trading, quantitative finance, and machine learning.

Pictures of the speakers at QuantCon in our gallery below:

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2016 Year in Review – QuantInsti

The year 2016 has been exciting on many fronts for QuantInstiTM.  One of Asia’s pioneer Algorithmic Trading Research and Training Institute, QuantInstiTM celebrated its 6th anniversary in 2016. Here’s a quick snapshot of our achievements during the bygone year. (more…)

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SEBI Releases Discussion Paper on Algorithmic Trading & Co-Location

SEBI releases discussion paper on Algorithmic Trading & Co-LocationImage Source: Reuters India

SEBI issued a discussion paper today with inputs from all stakeholders such as investors, infrastructure institutions and intermediary to understand how Algorithmic Trading has led to fairness, concerns and changes in market quality in recent years.

It states that more than 80% of the orders placed on most of the exchange traded products are generated by algorithms and such orders contribute to approximately 40% of the trades on the exchanges.

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Artificial Intelligence Transforming the Trading Industry

Artificial Intelligence Transforming the Trading Industry

Financial firms, day-by-day are turning to machines to do the job of humans. In August 2015, a wealth management firm Charles Schwab launched a service called Schwab Intelligent portfolios. Unique as this service is, it’s not a human being that decides where to invest but an algorithm does. An algorithm is a set of lines of code programmed into a computer which can take decisions and make changes in an existing system. (more…)

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Launch of The Certificate of Bank Treasury Risk Management, Singapore

Launch of The Certificate of Bank Treasury Risk Management in Singapore

About Event

Launch of The Certificate of Bank Treasury Risk Management in Asia-Pacific Region was organized by QuantInsti Quantitative Learning, BTRM Asia-Pacific, UNICOM and BTRM Ltd.

The Certificate of Bank Treasury Risk Management (BTRM) is a Treasury, Finance and Risk qualification to empower individuals working in every aspect of bank risk management and asset-liability management. BTRM is a part time, gold standard Treasury, Finance and Risk qualification to empower individuals working in, every aspect of bank risk management and asset-liability management. (more…)

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Market Structure and Regulatory Changes in HFT

Market Structure and Regulatory Changes in High-Frequency Trading

Around the world, a number of laws have been implemented to discourage activities which may be detrimental to financial markets. There has been an active debate going on some of these changes to ascertain whether these changes can be detrimental to the market itself. Some experts have been arguing that some of the regulations targeted at HFT activities would not be beneficial to the market. They state that on one hand we have high-frequency traders acting as market makers who have order-flow driven information and speed advantages and on the other hand we have traders who are not sensitive to the latency as such and often arrive randomly as a Poisson process. Empirical results in general suggest that these regulations targeted towards HFT do not necessarily improve market quality as they fail to offer sufficient evidence pertaining to sudden market failures such as the Flash Crash.

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Training on Algorithmic Trading for the National Stock Exchange of India

Rajib Ranjan Borah and Gaurav Raizada at NSE

QuantInsti co-founders Rajib Ranjan Borah and Gaurav Raizada conducted a special training event for senior managers from the surveillance and compliance department of National Stock Exchange India (NSE India).

This event was designed to equip the surveillance and compliance teams at India’s biggest exchange with the most up to date knowledge about developments in the field of automated, algorithmic and high frequency trading. (more…)

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