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If two traders are using the same model and one has a faster trading platform, he will make more money.
FORBES: Firms Look to Event Driven Trading for Greater Alpha
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The CFTC for a time appeared to be using the same model for an identifier it required for swaps, but then backed away and said it would wait for the global development of an LEI and call its identifier the CFTC Interim Compliant Identifier (CICI) a sort of LEI Lite which will convert or yield to the LEI standard once it is adopted.
FORBES: Financial LEI's -- Required To Reduce Operational Risk
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Flock said companies they talk to want to get the model in one place and make sure everyone is using the same numbers and formulas.
FORBES: Solutions To Spreadsheet Risk Post JPM's London Whale
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At their presentation in Phoenix, summarizing research for a paper to be finished soon, they compared the world ranking of the top 200 players to a ranking of those same players' skill levels calculated using a statistical model they also devised, which simultaneously takes into account players' adjusted tournament scores and the difficulty of the courses.
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