e*******e
发帖数: 1144 | 1 Somebody divides quants as two broad categories: one in quantitative equity/
market microstructure and one in derivatives pricing/risk management.
What's the major difference between these two kinds of quants:
All need strong stochastic calculus, statistics, and programming skills? Or
they have different concentration on skills? |
s******e
发帖数: 696 | 2 i guess one is more about variance/statistics models,
the other one is more about stochastic calculus, etc.
is there any quant that sort of do both?
equity/
Or they have
【在 e*******e 的大作中提到】
: Somebody divides quants as two broad categories: one in quantitative equity/
: market microstructure and one in derivatives pricing/risk management.
: What's the major difference between these two kinds of quants:
: All need strong stochastic calculus, statistics, and programming skills? Or
: they have different concentration on skills?
|
h***z
发帖数: 233 | 3 I guess some quant hedge funds trading convertibles and options will have
quants that do both.
【在 s******e 的大作中提到】
: i guess one is more about variance/statistics models,
: the other one is more about stochastic calculus, etc.
: is there any quant that sort of do both?
:
: equity/
: Or they have
|
h***z
发帖数: 233 | 4 In quantitative equity/market microstructure, people are interested in
making predictions on future movement of market prices. These quants are
typically in buyside firms such as the quantitative hedge funds. The
financial instruments that they are interested in tend to be highly liquid
and exchange traded (such as stocks and futures). For these instruments,
there are known market prices and the goal here is to take advantage of
differences in current market prices and future market prices pr
【在 e*******e 的大作中提到】
: Somebody divides quants as two broad categories: one in quantitative equity/
: market microstructure and one in derivatives pricing/risk management.
: What's the major difference between these two kinds of quants:
: All need strong stochastic calculus, statistics, and programming skills? Or
: they have different concentration on skills?
|
y*****e
发帖数: 18 | 5 one key question left:
which class makes more $$
1st: entry level: ~170,
2nd: ??? |
s*******s
发帖数: 11 | 6 Nowadays, derivative departments run intensive stat/data mining models as
well since when something goes large, you always need to
1. look at the big picture and see the general and local trends
2. extract the micro features
3. optimize the whole structure
The stochastic pricing/hedging always serves as building blocks for today's
complicated market product strctures.
On the other hand, what the trading / structuring desks lack are the power
stochastic models to do the right jobs (capture the lo
【在 h***z 的大作中提到】
: In quantitative equity/market microstructure, people are interested in
: making predictions on future movement of market prices. These quants are
: typically in buyside firms such as the quantitative hedge funds. The
: financial instruments that they are interested in tend to be highly liquid
: and exchange traded (such as stocks and futures). For these instruments,
: there are known market prices and the goal here is to take advantage of
: differences in current market prices and future market prices pr
|
e*******e
发帖数: 1144 | 7 "Derivative pricing, on the other hand, makes heavy use of stochastic
calculus. They are what financial engineering curriculums are designed for"
Do you mean that typical MFE programs provide training for derivative
pricing quants? Then how about quants in equity/microstructure if MFE
program graduates are not trained for these positions?
【在 h***z 的大作中提到】
: In quantitative equity/market microstructure, people are interested in
: making predictions on future movement of market prices. These quants are
: typically in buyside firms such as the quantitative hedge funds. The
: financial instruments that they are interested in tend to be highly liquid
: and exchange traded (such as stocks and futures). For these instruments,
: there are known market prices and the goal here is to take advantage of
: differences in current market prices and future market prices pr
|
h***z
发帖数: 233 | 8 The vast majority of quants are science, math and engineering PhDs. This is
true for both type of quants.
【在 e*******e 的大作中提到】
: "Derivative pricing, on the other hand, makes heavy use of stochastic
: calculus. They are what financial engineering curriculums are designed for"
: Do you mean that typical MFE programs provide training for derivative
: pricing quants? Then how about quants in equity/microstructure if MFE
: program graduates are not trained for these positions?
|
