No, TA has nothing to do with quant finance because there is no quantitative basis for these patterns. Scalpers, on the other hand are 'wet-ware...
Well, that is true at the first glance. But you do know that currency and IR risk are inseparable :D So if i am trading a EURIBOR/LIBOR quanto...
Quant finance in general is not concerned with predicting the prices or direction of the market. Roughly, you can split quant work into tree parts...
Now, how come every time quant finance is brought up here LTCM comes up? Nobody ever mentiones 100 trillions of dollars (notional) in IR...
Well, an average quant makes more then an average prop trader at a prop firm or a day trader trading from home. And they have a nice, secure job -...
You should realize that all of their positions where in OTC derivatives and their loss was someones gain. Actually, the main (in my humble...
Well, he _personally_ did very well in the whole story. The beauty of being a Noble prize winner is option-like payoff :D
Actually, it is worth writing your own engine - especially if you are using MC for pricing stuff like asians. For example, there is no cheap...
well, in that case there is a bigger question: "what are you planing to do with your life?" it it was me, i would rather learn about interesting,...
But it is back office, do not forget. it is tricky to get from back office to the desk in larger firms or banks. Nevertheless, it is a pretty good...
Err, for the skew models look at some stochastic parametrisations, like SABR model. It is quite neat and predicts the smile dynamics rather well....
Right, that's the key phrase. I totally agree that some automation is here and hopefully here to stay, but it still relies on some human...
As a ex-quant and a quant trader, i would like to develop this issue a bit. If you are worried about automated market-making - autmated market...
That probably means that you are hanging out with the wrong crowd. Try attending brown bag derivatives lunches at NYU - you will be in for a shock.
On Sept. 10, 2001, put options on AMR were 17 times their average volume of 269 contracts. On Sept. 6, 2001, UAL put options were traded at more...
Let's add some market reality to this. Imagine a marketmaker that sees a HUGE number of bids for puts? "Paper coming, locals hiding". I would...
Well, that pretty much rules out any derivatives, does not it? I think the guy mentioned that he traded on CBOE before. Given the conditions...
Well, unlike markets chess is not a stochastic system. In a simpler game, checkers, computers have been world champios for over 10 years. On the...
Nothing to do with the discussion, just a pure math remark. Any number like this (A is X times then average ) is meaningless without the standart...
I can quote two reasons - more interesting products to trade (for derivatives folks like myself) and fatter paycheck. Since it sounds like the...
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