054: Rishi Narang – Components of a Black Box, Humans Versus Computers, and High Frequency Trading

Chat With Traders

Kevin Avery

Investing, Education, Business

4.8 • 2.3K Ratings

🗓️ 7 January 2016

⏱️ 87 minutes

🔗️ Recording | iTunes | RSS

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Summary

To start the year with a bang, I have a very special guest on the podcast this week, who I’d like you to meet – his name is, Rishi Narang. Rishi has an impressive background, and has been involved with financial markets for over 20 years now. He originally started out as an analyst at Citibank, prior to co-founding TradeWorx with his brother Manoj Narang (a fintech company, turned high-frequency hedge fund). Since 2005, Rishi has been the Founding Principal at T2AM – a fund of funds, which specialize in short term quant trading strategies. He’s also the author of Inside the Black Box, and was featured in a must-watch VPRO documentary titled ‘Money & Speed: Inside the Black Box’. During our discussion (which went for well over an hour), we spoke about; the non-textbook definition of alpha, the components of a black box, where humans have an advantage over computers and vice-a-versa, and we also explore the subject of high frequency trading and speed. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Chat with traders is sponsored by Trade the Pool.
0:03.6	Our concerns about limited buying power, insufficient capital,
0:07.3	or fear of losing your own money,
0:09.5	preventing you from advancing your trading capabilities.
0:12.4	Trade the Pool is an online stock trading
0:15.1	prop firm that offers funding for stock traders.
0:18.1	Demonstrate your skills, trade their capital,
0:21.0	and keep your profits.
0:22.5	You can engage in intraday trading,
0:24.9	and now swing trading on Trade the Pool.
0:27.8	With any US stock or ETF,
0:30.3	the procedure is straightforward.
0:31.9	Pay in evaluation fee, successfully complete the evaluation,
0:35.9	and get funded.
0:36.8	Visit tradethepool.com forward slash chat to learn more.
0:42.1	The biggest secret of the best traders in the world
0:44.7	is that they're just like everyone else.
0:46.8	However, they've worked hard to learn the markets
0:49.2	and discover what works and what doesn't.
0:51.6	But how can you hear about these journeys
0:53.2	and get in on the strategies and tactics they use?
0:56.6	You can do it by listening to Chat with traders.
	...

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