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His company's original investment techniques became known as statistical and quantitative arbitrage. By 1996, these techniques accounted for most of the volume on the global exchanges and the financial derivatives market. Having resettled in
Chicago, Goodkin then set out to make the market less risky
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Goodkin founded his first company, Counsel's Aide, while a student at
Northwestern Law School. The company provided trial lawyers with student legal research by the hour. The first of its kind in the country, it was a successful and upon graduating he sold the company.
113:, winner of the MacArthur grant and the Wolf Prize in Physics for his pioneering work in Chaos Theory, Numerix was founded in 1996. The company's initial product was a software algorithm that dramatically reduced the time required for
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90:(another founder of AMC). Before graduation, he had raised $ 250,000 from private investors and hired professors and assistants to develop a computer program to trade Shelton's
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A lecturer at forums including the
University of Chicago and the Office of the Comptroller of the Currency, Goodkin is the author of the 1981 best-selling novel,
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About to graduate from
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to prove the efficacy of computerized trading, he sold the company to a NYSE member firm and resettled in London.
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strategy. This is the first known attempt at computerized arbitrage trading. After running a successful
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The Wrong Answer Faster: The Inside Story of Making the
Machine that Trades Trillions
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The Wrong Answer Faster: The Inside Story of Making the
Machine that Trades Trillions
22:(August 12, 1942 - June 6, 2022) was a quantitative finance entrepreneur and author.
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by introducing computational physics to derivatives risk management.
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Businessperson Lived on
Martell St. Fargo, Farwell, etc.
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Northwestern
University Pritzker School of Law alumni
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Goodkin was born in
Chicago. He holds a BA from the
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105:Goodkin's most successful start-up was
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54:. Goodkin died on June 6, 2022.
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175:A Random Walk Down Wall Street
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235:University of Illinois alumni
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84:Nobel Prizes in Economics
36:Northwestern University
32:University of Illinois
119:financial derivatives
92:convertible arbitrage
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107:Numerix
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