|John Morrissey, Paul Hipes and Brian Spector offering the benefit of their numerical expertise in the NAG Clinic at The Trading Show Chicago|
Following a plenary session on the opening day of the conference, the proceedings were split into four streams: Trading Congress, HFT World, Quant Invest and Exchange Technology. There was a very nice talk by Professor Emanuel Derman on the use of metaphor, models and theory by quants; I had a brief chat with Derman afterwards, during which he referred to NAG in positive terms. After the conference, my colleague kindly lent me Derman’s book, "My Life As A Quant" which provides some valuable insights on his evolving views about the applicability of models to quantitative analysis, as well as interesting background on his personal history (he started his academic career as a particle physicist, switching to finance when he joined Goldman Sachs in 1985 to become one of the first so-called POWS – i.e. Physicists On Wall Street).