>>>
T ere is resistance within the industry to accept innovation, even when it can make a substantial contribution to stabilise the fi nancial system and address the real causes of the ongoing crisis. I fi nd this incredibly frustrating. Yet the game is not over and the situation could change at any time. At last, a few people are realizing that the remedies proposed thus far to resolve the current crisis will fail and that there is need for a new approach. T is is where we come in, so I am hopeful our eff orts will help bring about a positive change.
Why did you decide to set up the Olsen group of companies and what services do they offer?
High frequency fi nance (HFF) is a dynamic theory that explains economics and, in practical application, can be used in fi nancial market analysis and to construct fi nancial products. It is a new technology in the same way biotechnology or computer sciences are new—they all bring innovative approaches to existing problems. As a theory, HFF is comparable to relativity or quantum theory in physics—both are distinct from classical physics just as HFF is distinct from classical economics. HFF analyzes tick-by-tick price data in search of the footprints of the buy and sale fl ows that explain the price action. T is technology can be used for market making, to manage assets, to create new option products, to stabilise fi nancial markets—the technology has myriad applications and may be deployed in many diff erent contexts.
To facilitate the development of new HFF products I have established separate companies that pursue diff erent business opportunities, in the hope that they are more adaptable and nimble than a general-purpose company:
Olsen Financial Technology (OFT) collects high frequency data, which is a pre-condition for applying the methodology of high frequency fi nance. T e most exciting product of OFT is an outsourcing service. For a fi xed subscription price, banks, hedge funds, or university research institutes, for example, can access a huge repository of tick data without having to worry about daily maintenance and fi ltering.
Dr. Richard Olsen
“For markets to be liquid, market makers need to provide consistent pricing.”
april 2011 e-FOREX | 101
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154 |
Page 155 |
Page 156 |
Page 157 |
Page 158 |
Page 159 |
Page 160 |
Page 161 |
Page 162 |
Page 163 |
Page 164 |
Page 165 |
Page 166 |
Page 167 |
Page 168 |
Page 169 |
Page 170 |
Page 171 |
Page 172 |
Page 173 |
Page 174 |
Page 175 |
Page 176 |
Page 177 |
Page 178 |
Page 179 |
Page 180 |
Page 181 |
Page 182 |
Page 183 |
Page 184 |
Page 185 |
Page 186 |
Page 187 |
Page 188