Jul

22

Smörgåsbord

July 22, 2025 |

Big Al offers:

Very nice Veritasium vid on randomness and information:

What is NOT Random?

Asindu Drileba likes a new interview:

I learned about Gappy Paleologo from this list. He has a new interview on a Bloomberg podcast. In it, he talks about:

- Why he suspects Astrophysicists make good quants
- Why AI can't fully take over trader's jobs (in principle)
- What makes a "good quant"

Jeff Watson is following the floor traders last stand:

Old-School Floor Traders Finally Get Their Day in Court Against CME
Trial opens in the Chicago plaintiffs’ long-running lawsuit claiming harm from the launch of electronic markets

The plaintiffs, who estimate that they are owed about $2 billion in damages plus interest, say the company broke its promises to them when it opened a data center for electronic trading that effectively doomed the old trading floors. CME has called the lawsuit baseless.

A spokeswoman for CME declined to comment. The company repeatedly tried to get the suit thrown out, but failed each time.

The lawsuit, filed in 2014, has dragged on so long that one of the original plaintiffs has died. Hundreds of former floor traders could be affected by the outcome. The trial, being held at a county courthouse in downtown Chicago, kicked off Monday with jury selection. It is expected to last several weeks.


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