Make $377,000 trading Apple in one day

Here’s how Hendershott’s latency-arbitrage strategy worked: Redline allowed him to use its “direct market access” — cables that run directly from exchange servers to its own. Redline’s server was co-located with that of BATS Exchange so that the “latency” on information and orders coming from BATS was cut down to barely one thousandth of a second. As a result, some of the quotes on public feeds such as the crucial “national best bid and offer” feed were a few milliseconds behind those Hendershott could see on his direct link with the exchanges. With a half-decent trading algorithm, Hendershott would have had ample time to buy Apple at a stale price with a guarantee that he could sell at a profit. Every couple of seconds. All day. Risk on the trades: zero.

Somewhere, queue programmers at IBM are getting all warm and fuzzy over this.

Make $377,000 trading Apple in one day

How White Castle used predictive modelling on a chicken sandwich

“We started with two products that were the same from a branding standpoint but had two different cooking processes,” explains Bartley. “The first thing we did was test the cooking process. We did some consumer testing to find out which of the two processes results in the better product.”

“Then we ran some market tests,” Bartley says. That meant trying the product out at a few select stores to gauge its popularity.

You couldn’t look for a better headline for a reference case. Mmmm…sliders…

How White Castle used predictive modelling on a chicken sandwich

Guess who’s advising Box: Ex-Microsoft exec Sinofsky helping Levie and team

Like many modern relationships, this one started with a Facebook message…. They ended up meeting, talking over Pho, and hitting it off.

Box, for the record, was not among the companies named in a non-compete agreement between Microsoft and Sinofsky after the former Windows chief’s departure.

Wow, that’s a really bad non-compete list. Someone ought to have a service where those lists get checked every year and updated. Only a third party could do it correctly as insiders would be mentally blocked, by definition, from identifying disrupters.

Guess who’s advising Box: Ex-Microsoft exec Sinofsky helping Levie and team

The buyers are typically a husband and wife who don’t speak English. They come in a brand-new BMW or Mercedes and visit the site for five minutes,“ Elliot Medoff, a broker in the real estate company Cushman Wakefield, told the Journal. "They don’t ask questions, there’s no due diligence, they pay cash.

The $8.2 billion Chinese buyers spent in the 12 months to March 2013 is 10% less than it was for the previous 12 months, even though US housing prices have since climbed. Plus, Chinese purchases represent less than 1% (link in Chinese) of the US’s total residential real-estate market, notes Caixin.