Mark Higgins, Co-Founder & Chief Analytics Officer of Beacon - A next generation platform for quants
Wharton FinTech Podcast
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Goldman SEC DB
Goldman's ability to calculate their own risk exposure in the financial crisis is one of the reasons they probably came out a little bit more unscathed than perhaps some other players in the market. I think it was almost entirely SEC DB, you know, for two main reasons. The first was kind of a lucky reason, which was they use SEC DB on all their trading desks. And so if they wanted to see like their positions against Lehman, they just go to like the Lehman book and look at it. It's already there. They already have all their positions, whereas other places had to sort of, youknow, they weren't used to thinking about risk in a cross business
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