The quant fund's model was right. The Canadian dollar pit was rigged. Book report day.
Medallion's Canadian-dollar trades lost every day until a Chicago floor trader explained that the three traders in that market were buying ahead of Simons's orders; the fund's model was right, the market was rigged against it.
On the book: The Man Who Solved the Market by Gregory Zuckerman
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The Man Who Solved the Market
Portfolio · Jan 1, 2019











