Trading Tech Talk

Mark is joined by co-host Matt Amberson, Principal at Option Research & Technology Services (ORATS). CTO Interview: Our guest today is Michael Mescher, Founder of Gammon Capital. He discusses: What is Gammon Capital? You've talked a lot about the dangers of selling volatility and how short vol managers aren't worth their fees. What are your thoughts on the maelstrom of the past week? How have your funds fared over the past week? Machine learning is a hot buzzword these days, but what are some of the practical applications that you're seeing in the financial markets right now? Is it ready for prime time or still in the nascent phase? Unsupervised learning/ fundamental strategies? Supervised learning / quantitative strategies? Classification vs. Regression problems Hiring machine learning specialists vs. Products specialists 90% of the world's data was created in the past two years. Is that an opportunity or a terrifying statistic? Testing models on out-of-sample data vs. carefully constructed back tests?