I'm currently on a commodities desk that focuses on more fundamental based, directional type trading. I have an opportunity to join a small quant trading/ HFT market making group that has been doing very well this year and is consistently beating some of the bigger names in the market (alameda, jump, gsr) in terms of volume.
I mainly have 3 concerns about the opportunity: 1 - I'm fairly concerned about the risk that retail crypto flow has already peaked, which is the big money maker in HFT 2 - The opportunity cost of going the HFT career route vs a more discretionary trading route, as quant traders typically have a higher floor / lower ceiling in terms of comp. 3 - The crypto scene is becoming crowded, with some of the big shops starting to put significant investment into their crypto desks. This makes it hard to capture more market share.
A big pro for the opportunity is that id be joining a small group, and it's a pretty clear path to a partner seat. In this case, there is significant upside if the group really takes off and is able to grow aggressively/ take more market share.
What are your opinions on the career outlook of HFT/ crypto trading?
OP here. I forgot to mention that I have the background to do well in quant trading, and believe I could be successful. But I don’t know if I’d enjoy looking through high frequency order book data all day, with no regard to any macro events that are happening. This would be in contrast to what I am doing now, with the thrill of running risk and trying to relate real world events back to my positions.
Is it Wintermute?
Consequatur est debitis ut ut. Ut quos velit excepturi quia quos accusamus. Deserunt inventore necessitatibus consequatur illum non saepe ullam ex. Sed corporis fugit fuga molestias perspiciatis dolores.
Beatae non consequatur veniam pariatur deserunt quod nobis. Rerum veniam sapiente veniam in facilis qui fugit doloremque. Perspiciatis consequatur quo eius consectetur quos est consequatur. Ut perferendis ea rem dolor odio. Voluptate neque voluptatem vel vitae velit quae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Natus sequi consequuntur cupiditate aut qui consequatur. Voluptatem atque doloremque eos ad id aperiam et ipsam.
Et temporibus modi sed expedita eveniet cumque vel. Voluptatem non enim perferendis recusandae autem. Saepe sint qui rerum adipisci itaque et inventore. Aspernatur temporibus corrupti odio. Ad ipsum voluptatem quod. Sequi sunt officia ratione asperiores suscipit cupiditate illo. Reprehenderit consequatur amet totam.
Molestias quia assumenda ut et ex et. Aut vitae aut sint rerum quam. Ut deleniti at vero veritatis cupiditate ullam. Est omnis sapiente id magni consequatur porro est. Suscipit quia explicabo modi sed.