Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Takeaways from the Jane Street bond prospectus

ft.com

Post reply on HN
Print view View original

181–190 of 343 posts

Re: Takeaways from the Jane Street bond prospectus

#181

Post by tombert »

ilc wrote: post #166
tombert wrote: post #134

Earlier quoted context omitted.

In 2016 I was still a dropout and they did an interview with me. I also bombed it. I have applied about a dozen times since then after getting my degree from WGU and they haven’t gotten back to me; I almost wonder if not putting any college experience on the resume was a blind spot for their filter.

Maybe quite the opposite. Wall Street and Finance is can be very aggressive and learn it for yourself. I learned math of finance from a professor I'm pretty sure was quanting on the Street at the time. When I told him one of the constants in our little trading game was off by a factor of 10x, he said prove it. My final talk was: "How to make 2.3 million dollars in 30 days using options." The real lesson wasn't about…

Fair enough; I wasn't applying for a quant position, just a software job. Looking back, I suspect the real reason that they were even considering me was because I had professional Haskell and Scala experience on my resume, and so I looked appealing, particularly if a dropout was learning it for fun.

What I find amusing is that I'm categorically a much better functional programmer now than I was then, with professional F# experience with a lot of Clojure to boot, but they haven't responded back to any of my applications in the last three years.

Re: Takeaways from the Jane Street bond prospectus

#182

Post by detourdog »

999900000999 wrote: post #174
drgiggles wrote: post #148

I work in quantitative finance and have wanted to to start using OCaml at work for years. I just find that unless you are at a shop like Jane Street with a well developed proprietary code base, internally developed tooling, etc, there just isn't the ecosystem available for me to be nearly as productive as I can be in other well accepted languages in the quant dev space...which is a bummer. It's been a little while si…

Any tips for getting a first quant job ? Is learning C++ a must?

hang out in bars around the office you want to work at.

Re: Takeaways from the Jane Street bond prospectus

#184

Post by sage76 »

bena wrote: post #125
CharlieDigital wrote: post #102

Earlier quoted context omitted.

The second definition of "anarchy" according to Google: > the organization of society on the basis of voluntary cooperation, without political institutions or hierarchical government; anarchism. Sounds like a perfect fit.

Yeah, that doesn't exist. Any gathering of people are going to have political institutions whether they are codified or not. Similarly, there's going to be someone or some group of people who the others look to for direction. And whether or not it is codified, those people will form a layer of hierarchy for your "non" government. Because people seem to think it's "politics" and "government" that are the problem. It's…

Yeah agreed. In fact, orgs that try to pretend like they have no hierarchy frequently have worse culture and higher employee turnover. See: Valve.

Re: Takeaways from the Jane Street bond prospectus

#185

Post by nobleach »

cess11 wrote: post #38
yodsanklai wrote: post #8

Earlier quoted context omitted.

They're more than a poster child, they made a lot of contributions to the ecosystem. OCaml would be different without them.

I'm very much not a serious OCaml:er but when I've dabbled some in it I got the impression that their "standard library" is kind of the de facto standard library. https://github.com/janestreet/base

They had Core. Base is their new attempt at sort of a "standard" lib. Not all OCaml-ers use JS libs though. There are some Batteries users out there. When I do Advent of Code, I almost always try to do it with OCaml's built in standard lib.

Re: Takeaways from the Jane Street bond prospectus

#186

Post by vgatherps »

vintermann wrote: post #27
Ekaros wrote: post #18

Earlier quoted context omitted.

I would put that to 100%... You don't make that much money without breaking at least some laws from time to time.

Well, sometimes they only do stuff that should be illegal. Superfast arbitrage, which is Jane Street's main thing as far as I understand, doesn't really produce anything of value to humanity. Yeah, I guess the contributions to OCaml are worth something, but maybe not 10 billion?

Jane Street is one of the slower market making firms and generates a significant share of revenue from being everywhere on everything (MUCH easier said than done). You want to trade some Canadian lumber ETF? Jane Street will be there. Some bond product with constituents that trade across 3 different trading sessions? Jane Street's active in that market. None of that is to say they don't have any presence in major products or don't have real short term alphas/edges of course.

They've never been at the forefront of latency games, like Jane Street isn't the firm sweeping equity markets since they have the fastest radio network out of CME (dubious value) or getting their quotes first-in-line every time.

Re: Takeaways from the Jane Street bond prospectus

#187

Post by walthamstow »

darkwater wrote: post #178
walthamstow wrote: post #70

Earlier quoted context omitted.

Brewers introduced me to this with hectolitres

Hectolitres and hectograms are used fairly often (the latter, daily) in Italian, for example.

Hectolitre is 100 litres, not 100ml, but hectogram is 100g, not 100kg? Very confusing!

Re: Takeaways from the Jane Street bond prospectus

#188

Post by theFco »

amadeuspagel wrote: post #140
CharlieDigital wrote: post #102

Earlier quoted context omitted.

The second definition of "anarchy" according to Google: > the organization of society on the basis of voluntary cooperation, without political institutions or hierarchical government; anarchism. Sounds like a perfect fit.

Sure, every corporation is an anarchy then since no one is forced to work there, so it's all voluntary cooperation.

but the other part of the definition is also important: "without political institutions or hierarchical government; anarchism". So the typical corporation is not exactly an anarchy according to the definition.

Re: Takeaways from the Jane Street bond prospectus

#189

Post by singhuler »

notagoodidea wrote: post #101
jfrbfbreudh wrote: post #66

Earlier quoted context omitted.

I work at a competing firm and our SWE new grads make $420-470k (including signing bonus). JS pays their new grads similarly, just a tiny bit lower.

I guess, I live in the wrong country and wrong profession if I want to make that much of money. This is an stupidly gigantic amount of money. I know that I will not make this much gross any year of my life, actually this is around 7-8 years of my gross annual salary.. I know US vs UE etc. Still this is crazy. Not sure how UE salary in the same field/category compares.

Fortunately for you money doesn't buy happiness and life has the same end point no matter how rich you are ::)

Re: Takeaways from the Jane Street bond prospectus

#190

Post by cess11 »

nobleach wrote: post #185
cess11 wrote: post #38

Earlier quoted context omitted.

I'm very much not a serious OCaml:er but when I've dabbled some in it I got the impression that their "standard library" is kind of the de facto standard library. https://github.com/janestreet/base

They had Core. Base is their new attempt at sort of a "standard" lib. Not all OCaml-ers use JS libs though. There are some Batteries users out there. When I do Advent of Code, I almost always try to do it with OCaml's built in standard lib.

Ah, right, thanks.
Post reply on HN