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Special Forums News, Links, Events and Announcements Complex Event Processing RSS News Evacuate the Dancefloor Post 302447598 by Linux Bot on Monday 23rd of August 2010 07:00:01 PM
Old 08-23-2010
Evacuate the Dancefloor

John Bates
08-23-2010 03:09 PM
Looking for all the world like someone yelled"fire" in a crowded nightclub, prop and quant traders are stampedingout of investment banks and headed for the hedge fund world. Some, mainly theprop traders, are being pushed gently out the door as banks prepare for theVolcker Rule (http://tinyurl.com/39ap28d).Others, like the quants (http://tinyurl.com/23c5h6d), are in search ofthe mega-bonuses that their prop trader or hedge fund manager compatriots are(or were) getting.

 

Impending changes in regulation are prompting banks to spinoff proprietary trading activities, many by expanding their operations overseaswhere Messieurs Dodd and Frank cannot reach them. I'm very concerned about this“regulatory arbitrage” in which firms may move away from the US to find lessstrict regulatory regions. We don't want to lose the lead in this importantarea of the economy.

 

Spin offs and regulatory arbitrage may well leave a herd of UStraders looking for work and many may end up working at - or starting - hedgefunds. The quants, having slaved over hot computers for the last few years toline bankers' pockets, are forming their own trading companies or joining proptrading firms with a profit-sharing deal.

 

Most of these traders will be in for a rude awakening whenthey sit down to work. Prop traders joining hedge funds will find that thetechnology budgets may not be as generous as they were at their last bulgebracket employer's firm. The quants, who are essentially programmers, will facehuge challenges in finding firms that have the kind of low latency, scalablearchitecture that they need to design, tweak and trade with their algorithms. Thelevel of trading freedom is different, too. Hedge fund managers will havesomething to say about a trader's profits - or lack thereof. Quants may findthat designing an algorithm and handing it over to the trading desk is notquite the same as being responsible for the profits that the algo makes - ordoesn't make.

 

Make no mistake, these prop traders and quants are highlyintelligent and adaptable people. There will be many challenges to face goingforward, but technology need not be one of them. There are instantly useable,scalable platforms that quants and hedge funds can use to build and deployalgorithms. These platforms, such as Progress Apama's Complex Event ProcessingPlatform, offer a robust technology infrastructure to successfully create,test, deploy and manage their algorithmic strategies.

 

Algorithmic trading software is constantly transforming. Asthe volume of real-time market data continues to increase, algorithmic trading solutionsdemand an infrastructure that can respond to market data with near zerolatency. To trade effectively in competitive markets requires rapid,opportunistic response to changing market conditions before one's competitioncan seize those opportunities. The people that are running for the doors andinto the arms of hedge funds or other trading firms, will need this advantage.Competition is fierce, and their previous employers already have the technologyadvantage.



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MRTG-FAQ(1)							       mrtg							       MRTG-FAQ(1)

NAME
mrtg-faq - How to get help if you have problems with MRTG SYNOPSIS
MRTG seems to raise a lot of questions. There are a number of resources apart from the documentation where you can find help for mrtg. FAQ
In the following sections you'll find some additonal Frequently Asked Questions, with Answers. Why is there no "@#$%" (my native language) version of MRTG? Nobody has contributed a @#$%.pmd file yet. Go into the mrtg-2.17.4/translate directory and create your own translation file. When you are happy with it send it to me for inclusion with the next mrtg release. I need a script to make mrtg work with my xyz device. Probably this has already been done. Check the stuff in the mrtg-2.17.4/contrib directory. There is a file called 00INDEX in that directory which tells what you can find in there. How does this SNMP thing work There are many resources on the net that explain SNMP. Take a look at this article from the Linux Journal by David Guerrero http://www.david-guerrero.com/papers/snmp/ And at this rather long document from CISCO. http://www.cisco.com/univercd/cc/td/doc/cisintwk/ito_doc/snmp.htm The images created by MRTG look very strange. Remove the *-{week,day,month,year}.png files and start MRTG again. Using MRTG for the first time, you might have to do this twice. This will also help when you introduce new routers into the cfg file. What is my Community Name? Ask the person in charge of your Router or try 'public', as this is the default Community Name. My graphs show a flat line during an outage. Why ? Well, the short answer is that when an SNMP query goes out and a response doesn't come back, MRTG has to assume something to put in the graph, and by default it assumes that the last answer we got back is probably closer to the truth than zero. This assumption is not perfect (as you have noticed). It's a trade-off that happens to fail during a total outage. If this is an unacceptable trade-off, use the unknaszero option. You may want to know what you're trading off, so in the spirit of trade-offs, here's the long answer: The problem is that MRTG doesn't know *why* the data didn't come back, all it knows is that it didn't come back. It has to do something, and it assumes it's a stray lost packet rather than an outage. Why don't we always assume the circuit is down and use zero, which will (we think) be more nearly right? Well, it turns out that you may be taking advantage of MRTG's "assume last" behaviour without being aware of it. MRTG uses SNMP (Simple Network Management Protocol) to collect data, and SNMP uses UDP (User Datagram Protocol) to ship packets around. UDP is connectionless (not guaranteed) unlike TCP where packets are tracked and acknowledged and, if needed, retransmitted. UDP just throws packets at the network and hopes they arrive. Sometimes they don't. One likely cause of lost SNMP data is congestion; another is busy routers. Other possibilities include transient telecommunications problems, router buffer overflows (which may or may not be congestion-related), "dirty lines" (links with high error rates), and acts of God. These things happen all the time; we just don't notice because many interactive services are TCP-based and the lost packets get retransmitted automatically. In the above cases where some SNMP packets are lost but traffic is flowing, assuming zero is the wrong thing to do - you end up with a graph that looks like it's missing teeth whenever the link fills up. MRTG interpolates the lost data to produce a smoother graph which is more accurate in cases of intermittent packet loss. But with V2.8.4 and above, you can use the "unknaszero" option to produce whichever graph is best under the conditions typical for your network. AUTHOR
Tobias Oetiker <tobi@oetiker.ch> 2.17.4 2012-01-12 MRTG-FAQ(1)
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