Re:Internal competition can often be the most dangerous kind
by logicchains on Friday June 18, 2021 @07:51AM
(#27549410)
>That's not how risk management works, and it's also not how costs work.
It's how it works in a lot of successful trading firms; Jump Tower and Citadel for instance have competing internal teams. Reduces the risk to the firm because if one team's approach fails, chances are another will still be doing okay.
It's how it works in a lot of successful trading firms; Jump Tower and Citadel for instance have competing internal teams. Reduces the risk to the firm because if one team's approach fails, chances are another will still be doing okay.