I'm a little confused between the two: they both provide liquidity, both involves maths, but are different roles? You need to be good at Maths for S&T, but a wizz for the later. The prior is normally found in the big banks, and has great progression opportunities and 'title' (associate, VP etc). The later is mainly found at prop shops, and caps off much quicker. Could someone enlighten me or any key differences (and perhaps pros and cons of each looking into the future)?

Depending on the desk, you can also take a directional risk. The difference is at S&T, your main role is facilitating client flow and acting as a market maker for institutions. At the end of the day, you do end up taking the other side of the trade and need to determine whether or not to hold the risk, cut it, restructure it, etc. At prop, your main role is generating a P/L from the firm. You can still be a market maker on exchange or facilitate blocks and do similar things, but projects are going to be focused on generating signals and actually implementing trading strategies.

S&T VS Quant Trader

Intern in HF - EquityHedge

Quant trading using pays alot more since you can take more directional prop risk

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Authored by: Certified Prop Trading Professional - TraderCertified Prop Trading Pro

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S&T VS Quant Trader

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