S&T VS Quant Trader

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)? 

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