Signals and Threads Finding Signal in the Noise with In Young Cho
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Mar 12, 2025 In Young Cho, Co-founder and CEO of DeepMind, discusses her unexpected transition from medicine to finance through a trading internship. She delves into the integration of trading, research, and software engineering. The conversation highlights the challenges of machine learning in chaotic environments and the evolution from basic models to deep neural networks. Cho also addresses the importance of robust data practices and explores the complexities of using Python notebooks in financial research.
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Phone Troubles
- In Young Cho recounts her initial struggles with phone etiquette at Jane Street.
- She froze when answering a broker's call and didn't understand how to "park" a call.
Live Trading's Scope
- Real-time decision-making is crucial at Jane Street, extending beyond individual trades.
- It involves managing trading systems and adapting to market dynamics.
Information's Odd Role
- Knowing a trade's source, like a pension fund's rebalancing, helps assess market impact.
- This allows for better pricing and service, challenging the notion of anonymous markets' superiority.