Goldman has done this for decades, pushing it even further by having developed their own language (Slang), graph db (SecDB), and IDE (SecView). Many engineers resist working it in, but for any strat it's mandatory.
Bloomberg did a similar thing decades ago, where they had their own database and their own take on TCP/IP. But this was done out of necessity since they started in the 80's and the database landscape looked very different than it does today.
They continued with their own db for decades out of inertia and also it worked fine. I think they've long since switched to TCP/IP and the public internet (for a time there was a Bloomberg network parallel to the public internet).
Yes, and our database, ComDb2, was open-sourced. It still powers the company today. And yes, we use TCP/IP :) And yes, we still have one of the largest private networks in the world.
I would never want to work for a place like Goldman anyway, but knowing they had their own idiosyncratic tech environment would certainly be an additional negative.
Strats as a role has been downplayed and realigned a lot over the last several years. Traditionally, a strat was indeed a "quantitative strategist" that sat on the desk, often next to voice traders, developing tools, pricing models, trading systems, etc.
One of the people I regard as the Godfather/OG strat is Emanuel Derman (https://emanuelderman.com/). Another transformative (in my time) person in the Strat complex was Marty Chavez (https://www.rmartinchavez.com/). Both amazing people on and off the trading floor.
it means "strategy". I imagine each "strategy" looks at some data and decides what kinds of trades to make in response, or predicts the price of some securities and sends that to a downstream process which decides what trades to make based on those price predictions.
If this and/or the policies, leadership, and mindset that enable these kinds of things interest you, I highly recommend Abundance by Ezra Klein and Derek Thompson. IIRC, they outline data centers in space in his utopian introduction.
What the "right answer" is will vary widely on application and analyst. That's one reason there are so many coordinate ref systems. If you keep everything in 3857, you'll get answers in ~meters, but whether that's "right" depends on where and how large the distance or geom is and what your precision threshold is. So, really, everyone's needs are necessarily "specific."
DuckDB > geopandas, certainly for anything out of core. Though, I recently gave up on importing 70GB worth of large multipolygons (from a csv in hex wkb), and just used a postgis container. In concert with DuckDB's growth, I'd also mark the advent of geoparquet.
The big change, in my view, over the past decade in GIS software, is in compute and storage efficiency across the typical stack. DuckDB has become a part of this, but h/t to the advances from shapely, geopandas, geoparquet, and GDAL. There's a lot of overlap in that venn diagram, and credit should be spread around. QGIS is great, too, though I feel there is market opportunity to apply 90/10 to its massive feature set and move it to the web.
Many criminal records, petty or otherwise, are public record. When archived, expunged or dismissed infractions never truly become that. A traffic violation or other petty misdemeanor from 20 years ago, that has been expunged from official record, can show up on a background check because companies archive public data. So, there is a flip side to this.
Public data is incompatible with secrecy. Expunged records still appear in newspapers archives if the local reporter on the Crimes beat captured the proceedings. IMO, "expunged" means removed from Official court records - not from the public memory, including newspapers, archived websites, police blotters and prosecutors' files.
The fact that you get it out from your criminal record doesn't mean they get forgotten. Think about a paper writing about your crime. That will be public and archived forever.
The UK still has a heavily embedded caste or caste-like social circumstance. Pharma and finance have somewhat eschewed this tradition, but even those industries still have its embedded lords and ladies. Many of their smartest head to the US (or elsewhere), and Brexit has set them back decades from achieving the "richest country" status. A software engineer can double their earnings by moving to the US (if they can manage to). The owners of capital are generally not creators, and until that changes nor will their economic station.
If you think about the times when England was on top, what do you remember about it? They made things, they made really good things. Precision tools, weapons, navy ships, fighter jets, amazing cars, trains, computers.
The best tools I've ever used as a woodworker have all been English. I really miss that time hanging out in my grandfathers shed using all his British, American and German hand tools. I sort of lost track of them after his death because I thought that period would just go on forever...shame :(
I don't mind Chinese stuff, I have "some" of it, but to this day, nothing can compare with the stuff I own from the UK.
The UK stills makes good cars, but the management at British car plants is now Japanese. When the management was British there was a lot of industrial action. No longer.
What does that say about what they teach at places like Eton?
or move into Europe where the weather is great and life is happier (from someone who did). It's miserable in the UK and everyone agrees, though not everyone has the situation or balls to make the leap...
What makes you think we are generally happier? Europe is experiencing a right wing shift due to people being unhappy. The coming years won't be good for any of us to be honest.
The UK experienced that same right wing shift 14 years ago and is now dealing with the fallout. Europe is still in its honeymoon phase with the latest batch of right wing demagogues.
Not quite. France has been "centre" for a while. Recently the far-right gained some ground. A left alliance appeared but now Macron's centre doesn't want to bring the largest party of the left alliance into the government.
That's at most a 25 degree turn IMO, but in reality it's probably going to be crazy steering and hoping not to hit the guardrails or run off the cliff.
> UK experienced that same right wing shift 14 years ago
Not sure these are comparable. Britain’s shift was led by its elites. Europe’s is closer to a dumping of its elites. Taken to their logical ends, the Britain after its threatened political revolutions will still look recognisable. France post RN or Germany AfD would be completely remade.
> Not sure these are comparable. Britain’s shift was led by its elites. Europe’s is closer to a dumping of its elites.
What does that mean? How is a political party funded by a bunch of generational rich right wingers dumping elites? None of these right wing parties would exist without rich people funding them. They're not grassroots movements, regardless of how they try to portray themselves.
The owners of capital - the "Leisure class" that dont need to create yet exist in every society - have another purpose beyond creating things and that is to keep an extremely diverse set of chimps (with different needs, personalities,values,skill,knowlege etc) together. This not something the creative classes can do.
As the gaps and differences between people grow in all kinds of dimension, keeping the chimp troupe together is a non trivial issue.
Thats why over the top luxury, leisure, compensation levels etc emerge. People of all kinds lap that shit up when they get a taste. But since its a superficial quick fix solution to the root problem of social cohesion lots of new issues get created.
The creative classes are not spending enough time on root cause (especially once they get a taste of luxury and leisure).
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