Most Quantitative Trading Desks (At BB S&T)?
Not including "quant trading"
Self-explanatory title. Also, how does equity derivatives compare with fixed income derivatives?
Thanks!
Not including "quant trading"
Self-explanatory title. Also, how does equity derivatives compare with fixed income derivatives?
Thanks!
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In general, exotic derivatives desks are the most quantitative. Within exotics, I think rates exotics are the most complex (some of the stuff in this space is just insane - look up snowballs, ratchet caps/floors, target accrual redemption notes, etc.).
I believe that interest rate options, credit index correlation/options, and agency mortgage derivatives are also pretty quant, and are considered to be some of the more complex non-exotic derivatives (in fact, I think some banks combine these with their exotics desks into one large desk).
With respect to equity derivatives vs. FI derivatives, vanilla equity options are definitely more quant than the "light" FI derivatives (interest rate swaps, credit default swaps, etc.) and comparable with vanilla FX and commodity options. And of course exotic equity derivatives are just as complex as many of their FI exotics counterparts.
On the opposite end of the spectrum, which desks would be considered 'least quant'.
Prolly cash equities?
Most quant: prob a hybrid FI/equity/commodity desk. Placement of which floor these desks sit in is on a bank by bank basis.
Rates vol exotics probably the most quant
Which desks are least quant compared with the others?
Cash Equities
in dallas
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