On Becoming a Quant

There is another route to become a Quant, similar to become a start-up founder in software/internet industry. You can just learn to trade by yourself with some simple trading strategy. One popular strategy is "High Frequency" automatic or semi-automatic trading. A friend of mine has achieved such a good result which allows him quit his day job. I'm not saying this route is for everyone or easier than learning at hedge funds or investment banks though.

Re: On Becoming a Quant

#7

Post by clistctrl » Sun, Nov 29, 2009, 9:02 PM UTC

As a market geek (did I make that up?) this would be my dream job (if i have to be employed by someone else) but I wonder how many quant jobs are outside of NY? Live in Boston at the moment.

Re: On Becoming a Quant

#8

Post by sachinag » Sun, Nov 29, 2009, 9:05 PM UTC

clistctrl wrote: post #7

As a market geek (did I make that up?) this would be my dream job (if i have to be employed by someone else) but I wonder how many quant jobs are outside of NY? Live in Boston at the moment.

There are a ton in Boston as well as Chicago. MIT even has a center dedicated to it: http://lfe.mit.edu/

Re: On Becoming a Quant

#9

Post by grepfruit » Sun, Nov 29, 2009, 9:11 PM UTC

msort wrote: post #6

There is another route to become a Quant, similar to become a start-up founder in software/internet industry. You can just learn to trade by yourself with some simple trading strategy. One popular strategy is "High Frequency" automatic or semi-automatic trading. A friend of mine has achieved such a good result which allows him quit his day job. I'm not saying this route is for everyone or easier than learning at hedg…

The high frequency trading is a term used to denote automated trading in intervals of tenths to hundredths of second, in volumes of even hundreds to millions $ in one transaction, so that is not something an individual would do. Automated trading by itself is of course feasible for almost anyone determined enough.

Re: On Becoming a Quant

#10

Post by msort » Sun, Nov 29, 2009, 9:23 PM UTC

clistctrl wrote: post #7

As a market geek (did I make that up?) this would be my dream job (if i have to be employed by someone else) but I wonder how many quant jobs are outside of NY? Live in Boston at the moment.

Chicago is another place for quantitative trading.