Global STAC Live, Spring 2021

STAC Summits

Global STAC Live is now available on-demand!
All presentations, panels, Q&As, slides decks and exhibits from the 2-day event are available for you until June 18th, 2021.

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Agenda

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May 18
2021-05-19 12:00:00
Exhibit hall and breakout sessions in exhibit hall
2021-05-18 12:00:00
20 minute breakout sessions will begin at 2021-05-18 12:05:00. (See the Day 1 Breakouts tab)

 

Day 1 welcome remarks
2021-05-18 12:30:00

Cloud deploys: How not to drown in a sea of choice
2021-05-18 12:40:00

While freedom to choose is generally a good thing, the dizzying array of choices a technologist faces when moving a workload to the cloud is often a significant impediment to migration. The choices start at a high level (private, public, or both? DIY, single-provider, multi-provider, or some combination?). Then comes the tooling (use cloud-specific tools or third party options that promise portability?). And beneath each of these choices are dozens of competing options at successive layers of the stack. What’s more, the choices don't end once a system goes live because use cases and cloud offerings continue to evolve. How do you maintain efficiency while optimizing for performance and price? It can be overwhelming, but our panel of experts will help you keep your head above water. To kick off, some of the panelists will provide a short presentation:

      "Trading Analytics and Infrastructure: Blue Sky between the Clouds"
          Matthew Cretney, Head of Product Management, Beeks Group
      "Densify: Leveraging Infrastructure Analytics for Cloud Performance and Cost Optimization"
          Andrew Hillier, Co-founder & CTO, Densify
      "Getting the Best Value for Your Technology Spend"
          Brian Kelly, CEO & Founder, CloudGenera
      "Real-time Continuous Optimization"
          Asaf Ezra, CEO, Granulate
Break
2021-05-18 13:30:00

 

Open source in FSI: more leverage, less risk
2021-05-18 13:35:00

Most financial firms realize that code from outside the enterprise permeates their own. But during a career auditing open source usage, Jeff Luszcz has actually put numbers on it: about 95% of all codebases contain open source and 90% of all open source usage is unknown and untracked. How should senior tech leaders get an understanding of their organization's use of open source? How do you ensure a safe software supply chain without adding friction to the development process? What are the best practices for contributing to projects without leaking IP? As Director of Open Source at PEAK6, Jeff spends his days answering these very questions. Join us as he shares ways to further the benefits of open source while reducing its risks.

Break and breakout sessions in exhibit hall
2021-05-18 14:00:00
20 minute breakout sessions will begin at 2021-05-18 14:05:00. (See the Day 1 Breakouts tab)

 

STAC Update: Fast Data
2021-05-18 14:25:00

Peter will present the latest benchmark results for fast data stacks and provide and update on the FPGA Special Interest Group.

Innovation Roundup
2021-05-18 14:35:00
      "The next generation of low-latency switching"
          Dave Snowdon, Director, Engineering, Arista Networks
      "White The Rabbit!?!? Latest on sub-nanosecond timing"
          Francisco Girela, Americas Tech Responsible, Seven Solutions
      "Latency-Optimized FPGA Acceleration Platforms"
          Vahan Sardaryan, Co-Founder and CEO, LDA Technologies

 

Moving beyond the false dichotomy of FPGA solutions
2021-05-18 14:50:00

“Build versus buy” is the question many teams set out to answer when first applying FPGA to a workload, but the answer is rarely so simple. Since third-party products seldom meet 100% of a firm’s requirements—yet every delay in deployment means unrealized profit—firms must blend off-the-shelf components with custom logic. But how should a manager draw the line between them? And what does that decision process look like? Using Quincy Data's first FPGA product as a working example, Mike will walk through an evolution from purchasing off-the-shelf offerings to outsourcing custom-made solutions to hiring an FPGA dev team. Along the way, he'll cover how each approach is necessary, point out lessons learned, and explain how an in-house team allows Quincy to blend custom IP with purchased components to deliver a better product.

Break
2021-05-18 15:15:00

 

Research in realtime
2021-05-18 15:20:00

Exogenous shocks–everything from tweets to pandemics to Reddit posts–shift markets, disrupt profitable strategies, and alter risk profiles. Firms that adapt to changing market dynamics survive; those that do so the fastest thrive. In order for alpha generation, risk management, or surveillance to be agile, the supporting research platform must allow a firm to search for signals or anomalies across historical and live data extremely quickly and to test algorithm changes just as fast. But this is easier said than done. How are systems today bridging the divides between live, recently live, and historical data? How well can platforms combine batch processing and streaming analytics? What is the impact on research and production workflows? How does this change the role of the quant? Once a platform enables quants to see the full picture, can it also help them avoid problems like overfitting or bias? Our panel of experts will discuss these questions and more. To kick off, some of the panelists will provide a short presentation:

      "Accelerating Analytics by Closing the Memory Storage Divide"
          Steve Scargall, Persistent Memory Technical Sales Specialist, Intel Corporation
      "KX Streaming Analytics Platform & Time-Series Database"
          Glenn Wright, Systems Architect, KX
Break and breakout sessions in exhibit hall
2021-05-18 15:55:00
20 minute breakout sessions will begin at 2021-05-18 16:00:00. (See the Day 1 Breakouts tab)

 

STAC Update: Time series stacks
2021-05-18 16:20:00

Peter will present the latest benchmark results from software/hardware stacks for historical time series analytics and provide an update on streaming analytics benchmarks.

Innovation Roundup
2021-05-18 16:30:00
      "The Only AI and Analytics Data Solution proven at Any Scale"
          James Coomer, Sr. Vice President Products, DDN Storage
      "Move Data with Predictability and Speed"
          Gary Gumanow, Technical Sales Specialist – NA Channel Ethernet Adapters, Intel Corporation
      "Architecture of a Noisy-Neighbor-Free HPC Storage Solution"
          Ellis Wilson, Software Architect, Panasas
      "Unbounding the 'Memory-Bound'"
          Suds Jain, Product Management Director Cloud Platform, VMWare

 

Secure, low-friction data access with SPIFFE
2021-05-18 16:50:00

Data is the lifeblood of the financial services industry. Critical workflows and personnel need immediate, low-friction access to data from multiple locations and devices. At the same time, data is also an enormous risk. Financial firms must control data access in order to comply with regulations and contracts and to protect their IP. How should data architects work within security policies to ensure that access is both easy and controlled? How can they keep up with constantly evolving data sets and security requirements? Bloomberg has deployed SPIFFE, an open-source technology in incubation at the Cloud Native Computing Foundation (CNCF), to simplify and streamline access to data while making security controls easy for developers to manage. Using his experience with this project as a jumping-off point, Phil will introduce SPIFFE and explain how it keeps data flowing where it should and not where it shouldn’t.

Day 1 Close
2021-05-18 17:15:00

Exhibit hall and breakout sessions in exhibit hall
2021-05-18 17:20:00
20 minute breakout sessions will begin at 2021-05-18 17:25:00. (See the Day 1 Breakouts tab)

 

 

Global STAC Live Sponsors

Global STAC Live Exhibitors

Add to calendar:    Google    Outlook    ical   
May 19
2021-05-19 12:00:00
Exhibit hall and breakout sessions in exhibit hall
2021-05-19 12:00:00
20 minute breakout sessions will begin at 2021-05-19 12:05:00. (See the Day 2 Breakouts tab)

 

Day 2 welcome remarks
2021-05-19 12:30:00

Scaling the self-sufficient quant
2021-05-19 12:40:00

An unaided quant taking an idea all the way from seed to production is an ideal too often unrealized. Most quants can explore opportunities on their desktop, and some of them can spread their tests across a few servers. But scaling research across years of tick data, hundreds or thousands of instruments, and thousands or millions of algorithm variants usually requires dedicated engineering resources. Moreover, moving to production requires a whole new level of IT involvement. At each stage, costs rise, time-to-market lengthens, and opportunities disappear. How can a research infrastructure speed up this process and empower a self-sufficient quant through the entire lifecycle of strategy development? What role can off-the-shelf software frameworks play? What parts of the data and analytics pipeline can become shared, managed resources? In what ways can hyperscaling technology or hardware acceleration help to manage massively parallelized research? Join our panel of experts as they discuss how to make the scalable self-sufficient quant a reality. To kick off, some of the panelists will provide a short presentation:

      "GCP and the self-sufficient quant"
          Ashish Majmundar, Director, Global Head of Capital Markets, Google
      "Bigstream Hyperacceleration: The Analytics Performance Advantage"
          Bishwa Roop Ganguly, Chief Solutions Architect, Bigstream
Break
2021-05-19 13:30:00

 

STAC Update: Big Compute
2021-05-19 13:35:00

Peter will present the latest benchmark results from STAC-A2 audits, as well as an update on STAC's AI inference benchmark.

Innovation Roundup
2021-05-19 13:50:00
      "Accelerating Risk Analysis and STAC-A2 kernels using NEC’s Vector Processor"
          Raghunandan Mathur, Senior Systems Engineer, NEC Corp.
      "Scale up quick, scale down faster. Are you fully utilising the power of cloud infrastructure? "
          Geoff Newell, Technical Director, Appsbroker
      "Instant Quant: Just Add (Rain) Water"
          Bruce Moxon, Sr. HPC Architect, Microsoft Corporation
      "Back to Work with a Smarter Infrastructure"
          Dave Weber, Director, Financial Services Industry, Global FSI CTO, Lenovo

 

Break and breakout sessions in exhibit hall
2021-05-19 14:10:00
20 minute breakout sessions will begin at 2021-05-19 14:15:00. (See the Day 2 Breakouts tab)

 

Overcoming data gravity: How to liberate applications from the pull of data stores
2021-05-19 14:35:00

A decade’s worth of moving compute to the data has led to great focus on "data gravity": the tendency of a data store to attract a mass of applications that need to be near to it. The concept is often invoked as an obstacle to moving data stores, such as from on prem to the cloud. But the challenge is broader: applications today must respond to many forces that oppose data gravity, such as the need to run wherever price-performance for compute is best or where proximity to other resources (e.g., an exchange matching engine) is crucial. As the number of workflows increases throughout an enterprise’s data centers and outside its firewalls, and as those workflows become increasingly elastic, how can storage architects best supply high-performance access to a wide array of datasets with years of history? What role do fat pipes, data tiering, and smart movement of datasets have to play? Join our panelists as they discuss how to accelerate time to insight using state-of-the-art storage architectures. To kick off, some of the panelists will provide a short presentation:

      "A modern data storage architecture that dramatically improves wall clock time."
          Shimon Ben David, CTO, Weka
      "2 Years In: How New Data Reduction Can Achieve HDD Economics For All-Flash Market Data Storage"
          Jeff Denworth, Co-Founder and CMO, Vast Data, Inc.
Break
2021-05-19 15:20:00

 

Moving compute to the network
2021-05-19 15:25:00

The STAC community is no stranger to the yin and yang of trading algorithms: increasing sophistication and decreasing latency. That is, competitive pressures require ever more complex decisions in increasingly tight timeframes. One critical factor in this race is the expanding range of processors capable of fast computation, but equally important is how close that computation can get to the network. The goal is to have as little standing between the trading venue and the trading decision as the laws of physics will allow. What is the state of the art today? Which kinds of computations can get significantly closer to the wire and which cannot? What innovations will shift that balance? Specifically, what role will CPUs, GPUs, FPGAs, matrix processors, DPUs, NICs, and switches play in this game? As logic moves deeper in into the network, how can a firm oversee it without creating lots of overhead? Our panel of experts will debate. Bring your thoughts and questions to explore the possibilities. To kick off, some of the panelists will provide a short presentation:

      "NVIDIA is reinventing the data center"
          Bill Webb, Director, Ethernet Switching, NVIDIA Networking, NVIDIA
      "Nexus 3550 & Nexus SmartNIC"
          Dan Brown, Technical Solutions Architect, Ultra Low latency, Cisco Systems
Innovation Roundup
2021-05-19 16:10:00
      "Ultra Low Latency Networking with Algo-Logic on Intel PAC D5005 FPGA"
          John Lockwood, CEO, Algo-Logic
      "The Build vs Buy Dilemma is a False Choice - Market Interaction"
          Alex Stein, Global Head Business Development, Liquid-Markets-Holdings Inc.
      "Breaking the Microsecond Latency Barrier with Accelerated Algorithmic Trading Reference Design"
          Hamid Salehi, Director of Product Marketing, FinTech & Blockchain, Xilinx

 

Break and breakout sessions in exhibit hall
2021-05-19 16:25:00
20 minute breakout sessions will begin at 2021-05-19 16:30:00. (See the Day 2 Breakouts tab)

 

Low latency cloud connectivity: A practical approach
2021-05-19 16:50:00

As more trading desks enter the cloud-first cryptocurrency market and many traditional exchanges and dark pools explore moves to the public cloud, the need for low latency cloud connectivity is taking center stage. But how can a networking team extend their low latency infrastructure to the cloud? How fast, consistent, and reliable can connectivity be when using the shared, managed resources found in public clouds? What best practices ensure the network isn't a trade's weakest link? Ilya will explore these questions and more as he walks through a practical approach to low-latency cloud networking.

Day 2 Close
2021-05-19 17:15:00

Exhibit hall and breakout sessions in exhibit hall
2021-05-19 17:20:00
20 minute breakout sessions will begin at 2021-05-19 17:25:00. (See the Day 2 Breakouts tab)

 

 

Global STAC Live Sponsors

Global STAC Live Exhibitors

   
Breakout Sessions
Tuesday, May 18

The following sessions occur during one or more of the long breaks in the main agenda, as indicated.
NOTE:

  • Breakout sessions are exclusively for attendees from user firms and business-application vendors.
  • Registration for breakout sessions must occur before 6pm EDT on May 17th and is subject to space limitations.
  • Session sponsors provided the titles and descriptions for their sessions.

Beginning of Day
2021-05-18 12:05:00
Live Demo: Standardized operations of Layer 1 & FPGA platforms using Arista EOS (Arista)
The demo will introduce the Arista EOS (Extensible Operating System) on the 7130 low-latency devices showcasing how a standardized operating system improves operational simplicity.
Rapid Fire Q & A session: Prove Me Wrong: Flash storage can be cheaper than disk (VAST Data)
Bring your toughest questions for a rapid fire Q&A session with VAST Data's co-founder, Jeff Denworth. Prove him wrong that it's not possible, in 2021, to deploy NVMe infrastructure that costs the same, or less, than HDD storage.
How Confidential Computing with Intel SGX creates a game changer in business transformation. (Intel)
The need for Data Privacy remains a challenge for industries as they extrapolate value from AI. Confidential Computing is being recognized as a breakthrough. Learn the principles and hearing case studies how customers are accelerating their cloud and AI adoption.

 

Mid-Morning
2021-05-18 14:05:00
The intersection of compute, memory and networking in solving real-time data transaction and analytics workloads on-prem and in the cloud (Intel)
Modern data infrastructure must simultaneously support a company’s transactional and analytical workloads. In this talk, David Cohen, Intel Principle Engineer, will address the question: "How can the freshness of the data included in these analytics be maintained as transaction volumes increase?"
Deep dive: Low latency versus zero packet loss – design considerations (Napatech)
Jerry Eschweiler will cover the design trade-offs when building low latency NICs versus FPGA-based packet capture NICs.
Product Demo: How to ride a White Rabbit? A step-by-step through sub-nanosecond time synchronization. (Seven Solutions)
A product demo showing how White Rabbit time synchronization devices work and their features. The HATI core that can be integrated in FPGA based devices to achieve sub-nanosecond accuracy is presented. Join Francisco Girela Lopez to learn more.
Live Demo: Discover how Sigasi Studio helps you deal with the complexity of HDL code (Sigasi)
This demo with Bart Brosens will show you how Sigasi Studio can help you to create and explore complex VHDL, Verilog, SystemVerilog and mixed language projects.
The role of Vector Processors in accelerating heavy financial workloads with easy programming (NEC Corp)
This session introduces the power of NEC’s vector architecture for accelerating large finance workloads without the need to adopt complicated programming frameworks.
Deep Dive: Reduce Wall Clock Time for "Tick Analytics" with WekaIO on AWS with KDB+4 (Weka)
Build smarter models faster with the Weka File System running on AWS with KDB+4. This session will demonstrate the acceleration of algorithmic trading and quantitative analysis workloads over AWS with KDB+4 and discuss performance, scale, and data mobility across on-prem and cloud environments.
Thought leadership / Deep dive: A brief history of Market Data: 2001 – 2021 (Enyx)
Laurent de Barry and Ciaran Kennedy chat about approaches to processing market data over the past 20 years and outline how the industry standardised on vendor feeds, migrated to in-house software stacks and finally evolved to FPGA based solutions.

 

Late Morning
2021-05-18 16:00:00
Live Demo: The Next Generation of Low Latency Switching (Arista)
This demo will showcase a variety of performance tests for SwitchApp, Arista's new 7130-based, 1/10/40G Layer 2 low-latency switching application. It also includes a survey of EOS (Extensible Operating System) configuration and management features.
Architecture walkthrough with benchmark results: Unleashing KX KDB+ performance with Intel® Optane™ Persistent Memory (Intel)
The publication of the most recent Kx / Intel M3 Benchmarks unleashes the performance of kx. Learn what you should be considering in your efforts to achieve these levels of performance with Steve Scargall, Persistent Memory Software Architect, Intel, and Ferenc Bodon, Data Engineer, Cloud Solutions Architect, KX.
Roundtable: Accelerate business intelligence and analytics data orchestration for containerized workloads (Weka)
Shailesh Manjrekar, Head of AI, leads a round table on improving application scalability and performance with an integrated, secure, simple, and agile data platform for containerized workloads. Weka’s Limitless Data Platform delivers a persistent storage platform for K8s and containers, supporting both stateful and stateless applications, to better orchestrate data management across the edge, core, and cloud. The platform is cloud-native, offering agility, security, and speed-to-market with class-leading performance.
Deep Dive: Accelerated Algorithmic Trading (Xilinx)
Xilinx will provide a deep dive into the architecture of the new Accelerated Algorithmic Trading (AAT) reference design. Attendees can gain insights into possible configurations and how to evaluate or adopt AAT without prior FPGA experience using the Vitis platform.
Deep dive: Ultra-low latency measurements with high precision time stamping (Cisco)
Nemanja Kamenica will cover how a high precision timestamping device is used to measure latency of ultra-low latency platforms.
Demo: Easy to use Vector Processor for Machine Learning based Fraud Detection (NEC Corp)
This demo focuses on the easy execution of Python code utilizing Scikit-Learn on the NEC Vector Processor. You’ll get to observe NEC Vector Processor’s impressive performance on Decision Tree AI/ML algorithm for detecting credit card frauds against other processors.
Unlocking Memory-Bound Workloads (Intel)
Discover how VMware and Intel have partnered together to enable Intel Optane Persistent Memory to unleash ‘memory-bound’ workloads in virtualized environments.

 

End of Day
2021-05-18 17:25:00
Deep dive: Ultra-low latency Layer 3 application with FPGA based application platform Cisco Nexus 3550-T (Cisco)
Faraz Taifehesmatian will cover the ultra-low latency layer 3 application with Cisco’s next generation FPGA based Nexus 3550-T Programmable Switch Platform.

 

 

Global STAC Live Sponsors

Global STAC Live Exhibitors

   
Breakout Sessions
Wednesday, May 19

The following sessions occur during one or more of the long breaks in the main agenda, as indicated.
NOTE:

  • Breakout sessions are exclusively for attendees from user firms and business-application vendors.
  • Registration for breakout sessions must occur before 6pm EDT on May 17th and is subject to space limitations.
  • Session sponsors provided the titles and descriptions for their sessions.

Beginning of Day
2021-05-19 12:05:00
Deep Dive: Accelerated Algorithmic Trading (Xilinx)
Xilinx will provide a deep dive into the architecture of the new Accelerated Algorithmic Trading (AAT) reference design. Attendees can gain insights into possible configurations and how to evaluate or adopt AAT without prior FPGA experience using the Vitis platform.
Performance on Demand for Risk & Pricing Analytics on Google Cloud & Intel Xeon gen 2 Scalable Processors (Intel)
Understand the value of deploying dynamic infrastructure on Cloud for financial workloads, and hear from Appsbroker as they describe how they built their infrastructure on Google Cloud and Intel Xeon gen 2 Scalable Processors.

 

Mid-Morning
2021-05-19 14:15:00
The intersection of compute, memory and networking in solving real-time data transaction and analytics workloads on-prem and in the cloud (Intel)
Modern data infrastructure must simultaneously support a company’s transactional and analytical workloads. In this talk, David Cohen, Intel Principle Engineer, will address the question: "How can the freshness of the data included in these analytics be maintained as transaction volumes increase?"
Packet capture as the market moves to 100G and beyond (Napatech)
What are the issues encountered when moving from 10/40G to 100G? How to capture and accurately replay the recorded market data? Join Emiliano Rodríguez to explore these questions and more.
Live Demo: Discover how the graphical features of Sigasi Studio help you with exploring and creating your HDL code (Sigasi)
This demo with Bart Brosens will focus on the graphical features of Sigasi Studio when creating and exploring complex VHLD, Verilog, SystemVerilog and mixed language projects.
Demo: Easy to use Vector Processor for Machine Learning based Fraud Detection (NEC Corp)
This demo focuses on the easy execution of Python code utilizing Scikit-Learn on the NEC Vector Processor. You’ll get to observe NEC Vector Processor’s impressive performance on Decision Tree AI/ML algorithm for detecting credit card frauds against other processors.
Deep Dive: Reduce Wall Clock Time for "Tick Analytics" with WekaIO on AWS with KDB+4 (Weka)
Build smarter models faster with the Weka File System running on AWS with KDB+4. This session will demonstrate the acceleration of algorithmic trading and quantitative analysis workloads over AWS with KDB+4 and discuss performance, scale, and data mobility across on-prem and cloud environments.

 

Late Morning
2021-05-19 16:30:00
Deep dive: Ultra-low latency Layer 3 application with FPGA based application platform Cisco Nexus 3550-T (Cisco)
Faraz Taifehesmatian will cover the ultra-low latency layer 3 application with Cisco’s next generation FPGA based Nexus 3550-T Programmable Switch Platform.
Architecture walkthrough with benchmark results: Unleashing KX KDB+ performance with Intel® Optane™ Persistent Memory (Intel)
The publication of the most recent Kx / Intel M3 Benchmarks unleashes the performance of kx. Learn what you should be considering in your efforts to achieve these levels of performance with Steve Scargall, Persistent Memory Software Architect, Intel, and Ferenc Bodon, Data Engineer, Cloud Solutions Architect, KX.
Product Demo: How to ride a White Rabbit? A step-by-step through sub-nanosecond time synchronization. (Seven Solutions)
A product demo showing how White Rabbit time synchronization devices work and their features. The HATI core that can be integrated in FPGA based devices to achieve sub-nanosecond accuracy is presented. Join Francisco Girela Lopez to learn more.
Accelerate pipelines with a hybrid cloud storage platform optimized for data mobility (Weka)
Data is increasingly becoming distributed, generated from multiple sources and stored in multiple locations, while the need for datacenter agility and flexibility are driving the need to rethink data storage strategies. Weka’s Limitless Data Platform makes data available to the applications where and when it is need for faster, more accurate analytics regardless of where your data is stored—on-premises, the Cloud, or a hybrid of both. By optimizing the S3 connection to object storage, Shimon Ben David, CTO will show how Weka enables data mobility and accelerates FinServ data pipelines.
The role of Vector Processors in accelerating heavy financial workloads with easy programming (NEC Corp)
This session introduces the power of NEC’s vector architecture for accelerating large finance workloads without the need to adopt complicated programming frameworks.
Deep dive / Product demo: Moving from trading in software to FPGA in 4 steps (Enyx)
Enyx will walk through the typical steps in moving a trading application from software to FPGA using nxAccess.
Next Generation Intel 800 Series Ethernet Adapter. Technical deep dive on adapter offload features. (Intel)
Intel E810-Series adapters offers Dynamic Device Personalization and Application Device Queuing core offload features. This discussion will focus on use cases and implementation, including market data, storage, and databases.

 

End of Day
2021-05-19 17:25:00
Deep dive: Ultra-low latency measurements with high precision time stamping (Cisco)
Nemanja Kamenica will cover how a high precision timestamping device is used to measure latency of ultra-low latency platforms.
Rapid Fire Q & A session: Prove Me Wrong: Flash storage can be cheaper than disk (VAST Data)
Bring your toughest questions for a rapid fire Q&A session with VAST Data's co-founder, Jeff Denworth. Prove him wrong that it's not possible, in 2021, to deploy NVMe infrastructure that costs the same, or less, than HDD storage.

 

 

Global STAC Live Sponsors

Global STAC Live Exhibitors

About STAC Events & Meetings

STAC events bring together CTOs and other industry leaders responsible for solution architecture, infrastructure engineering, application development, machine learning/deep learning engineering, data engineering, and operational intelligence to discuss important technical challenges in trading and investment.

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