Ian Williams announces the postponement of the NYSINYD IPO
Investors will know we take pride in aggressively seeking
aleph-(C), the large gains from activities with no discernible redeeming
socio-economic benefits whatsoever. In that context, we envisaged this
year being able to
trade stocks even before they were offered, as a result of the faster-than-light effect.
We
regret to inform you, however, that reports of neutrinos going faster
than light through the earth – on which we based our plans – were
premature.
The Italian scientists who first reported the effect
got the results wrong due to faulty wiring, inaccurate clocks and other
mundane sublunary details. Note: we did warn you that Italian
statistical reporting is not always accurate, although we had not
thought the fuzzy numbers would apply to physical as well as economic
fundamentals.
The sad consequence is that we might not be able
to action that particular part of our business plan. But neutrinos going
straight through the earth — even at mere light speeds — still offer
more advantageously rapid trading than fiber optic cables wending their
way around the globe’s surface, so we shall continue to pursue that
project between Chicago, New York and London, and very possibly through
the Earth’s core to the Asian exchanges for those seeking
aleph in the Pacific markets.
Whatever
the other terminal, the increasing dependence on high-speed trading
will allow us to charge premium rates for such services. In our ongoing
project to extract
aleph from trading, however, we are
considering a whole new breakthrough, taking IR to the next level —
indeed, several quantum levels up.
As someone might have said,
half my IR budget is wasted, but I don’t know which half. Indeed, aren’t
all IR efforts wasted? Previous IR techniques have been human-centered,
which means they are at best slow, fallible and often unquantifiable.
But which investors are companies relating to?
Already IROs face
the difficulty of stroking an index or relating to an exchange-traded
fund, or having a one-on-one with the FTSE or MSCI. Worse, some 60
percent of trading activity is now performed by high-speed algorithms
without human intervention. How do you make nice to a computer program?
So
our IR firm has been on the case. Our patented IR hardware and software
should reach out directly to the trading computers, reducing human
error in data transmission, the risk of insider trading charges and
jet-lag, while allowing executives to catch up with their golf and other
essential battery-recharging activities.
Our crack team of
Russian programmers, in conjunction with our Lagos research operation,
has been working on how to add to the algorithms. Full details are still
in development, but our plans include persuading other firms’ trading
algorithms to keep nudging prices upward until the executive options are
cashed in. It was also proposed to interpolate some lines of code that
maintain a perpetual (and positive) differential over peer stocks.
In
short, we intend to harmonize cosmology with the financial universe:
occasional Big Bangs are the price you pay for continued expansion. With
aleph, we will be tapping the quantum finance of the global economy!