I've been fortunate enough to secure an internship at a large quant fund. Part of the internship involves a rotation to one of the two groups in the title. I have a few questions that I'd love to get a broader opinion on: How does the future look for these two areas? For example, from what I understand HFT profitability has been squeezed the past few years, and options MM profitability has also been in decline, but I'm not sure if it's just the low vol environment. What kind of people tend to succeed in each role?

I'd go for options MM. Even though it's squeezed, at least you're not doing latency arb or something like that. Also, options are pretty cool. If you learn about how they're priced/trade, you could move from options MM to vol arb or something like that.

HFT vs. Options MM

I've been fortunate enough to secure an internship at a large quant fund. Part of the internship involves a rotation to one of the two groups in the title. I have a few questions that I'd love to get a broader opinion on:

How does the future look for these two areas? For example, from what I understand HFT profitability has been squeezed the past few years, and options MM profitability has also been in decline, but I'm not sure if it's just the low vol environment.
What kind of people tend to succeed in each role? I'm interested in hearing about both intellectual specialties and personal qualities.

Thanks!

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HFT vs. Options MM

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