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Implement algorithms that minimize slippage
Implement algorithms that minimize slippage in live forward tests and live trading
Simons, who founded Renaissance Technologies, applied complex mathematical models to identify patterns in financial markets, a method that transformed how hedge funds operate. Zuckerman's account explores how Simons, known for his emphasis on precision and data-driven decisions, not only built one of the most successful funds in history but also reshaped the financial landscape by focusing on the importance of minimizing trading costs and maximizing efficiency. This is why Simons and his team at Renaissance Technologies paid close attention to these "pesky costs" and coined the term "The Devil" to describe the gap between the ideal and the actual trades.
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