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Post Update - Selling Algorithms to HFs
Hey, I posted on this forum 2 years ago seeking advice on selling algorithms to hedgefunds. Then I also posted again updating on the performance of the algorithms and my journey attempting to sell them to hedgefunds. Because people are messaging me for an update, here it is. The algos made ~+32% in...
Is a Masters degree in Computational Finance good for Algo Trading, or its better to do Masters in Applied Math focusing on ML?
Is a Masters degree in Computational Finance good for Algo Trading (to get an entry level job, assisting with research or coding, etc and to have good career growth in that field), or its better to do Masters in Applied Math focusing on ML?
Current VP Cloud Engineer/SWE Back Office Monkey, Looking to Pivot to FO/Equity Research/Trading/Anything
Hello, A little about me, I'm a 33-year-old Principal Software Engineer, with a background and passion for capital markets. I worked at a hedge fund the last year but I couldn't get out of the back office and could not see a way out, so I pivoted to working at an AI start-up. I currently hate my...
Need some help with DMA trading
Hello there, I am new to trading and would really appreciate some input from DMA traders on the following topics: - Do you blend DMA and algorithmic trading? - What do you take into consideration when placing the trades? - What order parameters do you set for the trades?
New/emerging crypto funds need for technology and infrastructure
Currently a research+trading systems infrastructure engineer at a liquid long/short crypto fund. This question is for other new or emerging crypto fund managers (discretionary or systematic) who do not yet have an engineering team or tech talent on board to build out the research + trading system...
Take an internship at a one man algo-FX "hedge fund"?
Title- For context, I'm a rising junior at a target's non-business school (Think UMich/NYU) majoring in Math. Looking into IB and possibly S&T. Basically networked my way around and met an FX trader who is trying to start his own algorithmic hedge fund and offered me an unpaid "internship". He has a...
My algos are up 57% YTD. I want to sell them.
I’m an engineer trading prop using algorithms I built. I’m currently the top trader using these algorithms, and looking to sell them to a hedge fund to move on to my real life passions. But, I do not know where to start. Has anyone sold algorithms to a HF here or purchased algorithms for a HF?...
Traders vs. Quants: Is the Gap Closing?
Seems like, after talking with lots of folks around S&T and Quant divisions, that Traders and Quants are converging towards a single role. A lot of BBs now allow S&T Interns to rotate on Quant desks, and vice versa. Also seems like coding and modeling is an advantageous skill for traders. Do you...
Help out a group of aspiring high school quants
Greetings. We are a group of students in high school currently working on building an open-source platform for quant ingenuity. You would help us out a lot if you could take a minute of your time to fill out the survey below. Thanks! https://forms.gle/niYoM7LFwdmEH8tg6
How exactly is coding (C++/Python/R/SQL) used?
Been talking to Traders and Quants alike, and it seems like programming is increasing in importance on many desks. However, I see words like 'algos' or 'coding' or 'systems' get vaguely thrown around without much actual meaning. My question is- how is programming in Python/R/C++/VBA used ? Is it...
POWERFUL TRADERS' ARCHIVE
Hello Traders! Here is a place of silence, reflection, logic and research ... We are always glad to your interest, questions and thoughts ... We just contemplate and rest after a hard day ...))) Regards, Team Traders "PowerfulTraders"
UK stock market API
Hi, not really sure where to post this as it's quite computer program oriented, but someone here might know. I'm looking for a Python3.8-compatible stock market API for the LSE, or any other major non-US exchanges. Only simple closing prices, or EOD data needed. I already use Alphavantage for the...
Isn't Algo Trading paradoxical?
I know it's quite a random question but I have some friends that switched to Algo Trading from engineering roles. They've told me how they're trying to find market inefficiencies and capitalize on that. However, isn't arbitrage not possible if markets are efficient? Don't you think that, when algo...
Looking to hire an arbitrage algorithm developer
I work for a fintech startup that is looking to hire an experienced algorithm developer for a stock and commodity arbitrage trading bot. It doesn't look like there are many developers/programmers on WSO so could anyone point me in the right direction to find someone with this type of expertise?
Seeking names/recruiting contacts (if possible): Systematic Trading firms in NY
Would the community know of any systematic trading firms with a good rep in NYC outside of Two Sigma and RenTech? A little background: I'm a seasoned industry veteran and have a pretty sturdy academic background in quant finance (engineering grad, MS and an MBA as well - the last one may not be...
Best Way To Start Learning Quant Finance?
Hi Monkeys, I recently caught the quantitative finance bug so it’s been a few days since my last post. Since catching this bug I’ve been trying to read and learn as much as I can on ways to practice quant finance - and I found tons of material. In fact, it’s so much material that I was hoping...
Most Popular Algorithmic Trading Platforms for Indian Market
Know the best algorithmic trading platforms in India and tools used by Algorithmic Traders operating in Indian markets. To Know More: http://ow.ly/L3oq30bo3qP
Webinar on How to use Mixture Models to Predict Market Bottoms
Attend free webinar on How to use Mixture Models to Predict Market Bottoms by Brian Christopher- Founder, Blackarbs LLC, on Tuesday 25th Apr, 8:30 AM MST | 8:00 PM IST. The webinar will explain Mixture Models and explore its application to predict an asset’s return distribution and identify...
Big List of Quant Employers
List of Companies hiring interns/full-time quants INVESTMENT BANKS Bank of America Merrill Lynch Barclays Capital BNP Paribas Citigroup Centerview Credit Suisse Deutsche Bank Evercore Goldman Sachs J.P. Morgan Jefferies Lazard Moelis Morgan Stanley Nomura Piper Jaffray Qatalyst Societe Generale UBS...
Gelber Group Salary/Bonus
Does anyone have information on standard salary/bonus for Gelber Group for algorithmic and discretionary traders? Thank you in advance, would really appreciate any and all information!
Is there any value in research papers about trading strategies?
This question is probably to those who work in prop trading , specifically to those who employ algos. I'm working on an equity stat arb strategy myself as part of my master thesis and I came across lot's of papers about various strategies that got me thinking do any of them matter at all? Just...
Need advises on deciding among BAML S&T SA vs DB FT S&T HK vs KCG Quant Trading Summer Intern
Hi guys, This is an update from my previous topic. I am trying to decide between the 3 offers. A bit background about myself, I am a college senior and have a math/ CS background. I could choose to do a 1 more year of CS master that's why I have SA offers. I prefer to join a FT role right away/join...
From prop/ HFT firms to BB investment banks
Hi All, The question is simple, how likely is it/ often for guys from HFT and prop trading firms get hired onto trading desks at bulge bracket investment banks. Thanks
Degrees sutiable for Hedge funds
Im majoring in Accounting and Computer Science, are these appropriate majors to break into hedge funds? if not, what are majors to tailor made almost to break into hedge funds, and really have a place on wall street assuming not ivy league?
Getting into a Hedge Fund with or without 1st or 2nd Tier School
Hi, I've read in some topics that its not necessary to go to an Ivy to break into HF , but realistically, in America, you must have sheer, RAW ambition, and Connections/Networking. Going to an Ivy is necessary for that. But for those who cant get Into Ivy for whatever reason, how important is it to...
Light Pool: Dark Pools Are So Last Year
mod (Andy) note: "Blast from the past - Best of Eddie" If there's an old post from Eddie you'd like to see up again shoot me a message. Much has been made about the death of investing over the past several years. Thanks to the proliferation of quants and their burly supercomputers, we've seen...
Best Field for Ambitious Go-getters
I have recently started working as an intern in risk management at one of the largest European banks, and have just completed a Master's degee in a highly quantitative subject (not directly related to economics/finance) with a strong IT background at a very important European university. Brutally...
Systematic Trading firm in San Francisco or Bay Area?
Hi there, I wonder if anyone knows anything about systematic (quant) trading funds in San Francisco or Bay area? Or are there any IB trading units over there? I would imagine the area would have a lot of these funds given its quanty and techy nature. Who are the established players there? And how...
What Is Algorithmic Trading And How Does It Work?
Big hair, Ray Bans, and excess...ah, the 80’s! Gone are the halcyon days of hustling traders verbally duking-it-out and acting like a schoolyard full of hormonal teenage boys. Today, trading consists of Big Data, casual dress, and caffeine. Programs compete on milliseconds for the best execution...
Commissions and HFT
How much does a HFT trader pay in commissions? Do they even pay on a per share basis? If they are charged the normal $.01/share I can't imagine them making any money. Thanks!
Already too late to learn HFT programming?
Hello world... Swept away by the financial press' tsunami-like reaction to Michael Lewis's Flash Boys, I was reading a great commentary on FT about how the markets need to be fixed, in order to regain investor confidence and trust. Great article from people who really know what they're talking...
Application of Interest Rates in Algo Trading
Hi, I'd like to know how interest or interest rates are used (if they are used at all) in trading , specifically algorithmic trading. I was under the impression that for HFT a trading firm creates algorithms to trade at high volumes, does the firm use their own money or a pool of peoples money like...
Algo Senior Project Suggestions
Hi all, I'm in a somewhat unusual predicament. I'm a student in my final year at the University of California Santa Barbara and my major is Computer Science. In CS we have an optional senior project which involves companies presenting projects they need completed, either as a proof of concept or...
Prop trading firms - Virtu FInancial
Has anyone heard of Virtu Financial? How does it compare to the popular ones out there like DRW/Jump/IMC/JaneS? - an developer from tech firms with interest in statistics/math, moving to the prop trading world
Citi prints better ficc than GS in Q1
Citi reported q1 fixed income revenues of 3.65 billion versus 3.46 for Goldman. Obviously JPM won out as what has become usual. Thoughts on this, I really don't buy the arguement that GS took down risk to appease regulators as volcker is being drafted.
The God of Quants speaks
Perhaps one of the coolest guys from the pocket protector posse, James Simons has become an absolute legend in our world of finance, with his army of physicists and mathematicians at the Quant juggernaut Ren Tech, he has beaten and wowed the street year in and year out, showing the world the future...
Is it Becoming Harder to Make Money in Algo Trading?
With the increased focus on quantitative methods by all market participants, how much harder is it becoming to make money with HFT or algorithmic trading in general? Also, I feel that salaries at major tech companies are reaching levels that were once only possible in finance. The average software...
Help a CS major
After lurking these forums for years, I've decided to finally ask a question: So I'm a CS major (freshman) at a lower/mid-tier Ivy looking for some guidance. I'm most interested in algorithms/game theory/econometrics/numerical methods, you know, the quanty stuff. I was wondering what the best...
The Decade's Movers and Shakers
Who and what were they? With 2010 fast coming to a close, we say goodbye to another decade and enter one anew. 2001-2010 was not without its drama; we saw the horrors of terrorism with 9-11, we had the wars in the Middle East, there were epidemics, massive oil spills, nut job dictators, and possibly...
Construct implied PDF of returns from implied volatilities?
Alright nerds, help out a finance noob. I have a feeling that it should be possible to reconstruct an implied PDF (or at least N moments) of returns for an asset given it's implied volatilities. I have some ideas about how one could do this, but it would be awesome if someone smarter than me has...
How stressful is algo trading
So I just accepted an offer at an algo prop shop in Chicago, and I'm wondering how stressful doing HFT actually is compared to traditional (manual) trading. I keep hearing that people burn out really fast and that the industry is very stressful in general but most of the people I know at this...
Algo trading's new Holy Grail?
Hmm, I wonder if this is what James Simons does? Trading has a ton of indicators, Bollinger bands, Support, Resistance, MACD , and Fibonacci ratios just to name a few. But two Professors from Indiana University, Johan Bollen and Huina Mao, along with the University of Manchester's Xiao-Jun Zeng, may...
Resume/ Trading Opportunity
Hello All, I am a current graduate looking for opportunity in trading or quant related... Just wanted to post my resume to get a bit of feed back from individuals already in the door. Any advice is highly welcomed. I do apologize if this kind of positing is not allowed. Thank you all....
What to do with my algorithm
Hello All, I am not completely sure that I am posting to the right forum, Sorry in advance if it is not very related. I am senior PhD student in computer science (machine learning), over more than 1 year, I was working in my free times on a market trading algorithm. I implemented my algorithm on a...
Waddell & Reed and the flash crash hypocrisy
Halloween's only three weeks away and we have a brand new witch to hunt. By now, everyone has heard of Waddell & Reed and how the Kansas City mutual fund is reason du jour for the end of capitalism and further legalizing of market manipulation. As the story goes, on the afternoon of May 6, 2010 an...
quant/HFT
i am CS major graduated from a decent CS cirriculum with a 3.6 and now Im stuck doing IT Consulting. Only if I knew better beforehand. IT consulting doesnt even involve CS skills!!!! Just trying to gather some suggestions of how to get into quant/ hft or any analytical division of finance (no IT or...
Weekend Wars: Traders vs. Funds
10/4. To military and police personnel, an affirmative acknowledgment. To investors and traders, the potential boiling point of a slow simmering feud. On this date, several high powered mutual-fund executives will convene at the Investment Company Institute in Washington D.C. and reportedly begin a...
The P/E Ratio and new market metrics
Is the P/E ratio the next head to roll off today's market guillotine? What are the new market metrics which will mark the next generation of financial analysis? As usual the critiques are more abundant then proposed solutions. Ben Levisohn: The stock market's average price/earnings ratio, meanwhile,...
Flash Crash 2.0?
The May 6 flash crash was a crazy event , the Dow plunged 998 points and stocks like Accenture dropped from $40 to a single cent in the span of minutes. Debate on what may have caused it has been never-ending, from the fat finger theory to shitty trade execution getting the blame for it, but one guy...
Computer science courses for algo trading
What are some of the computer science courses that an Economics/Finance major should take at minimum in order to be knowledgeable enough to join a non-top 10 HFT /quant prop firm? As of now, I have only taken freshman introduction to computer science yet I am taking a lot of mathematics, statistics...
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