Tag Archives: Credit Suisse

Credit Suisse on the hunt for quants

Credit Suisse on the hunt for quants

You did ok if you study math for financial engineering

Credit Suisse Group AG is pushing into Wall Street’s battle for tech-savvy quant analysts, hiring former Acadian Asset Management executive Matthew Rothman to create a global team helping big investors sort oceans of data to make stock picks.

To read the entire article, go to http://bloom.bg/2blMCoX

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Dark pool trader leaves Credit Suisse

Dark pool trader leaves Credit Suisse

I think he invented it but what will he do??

Dan Mathisson, the executive who helped build Credit Suisse Group AG into an electronic-trading powerhouse over the past decade, plans to leave the bank at the end of next month, according to people familiar with the matter.

To read the entire article, go to http://bloom.bg/1mAw3Xn

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Wow! Impressive way Credit Suisse AES and Equinix network for HFT (high frequency trading) platforms

Wow! Impressive way Credit Suisse AES and Equinix network  for HFT (high frequency trading) platforms

These are quite possibly the best institutional services available for HFT capabilities!! I mean big boy pricing and long term contracts for their service.  Credit Suisse AES and Equinix network overall details

AES:

https://www.credit-suisse.com/investment_banking/client_offering/en/product_suite.jsp

1. For algorithmic trading potential with direct market access

2. Use Crossfinder for liquidity needs

3. Includes ultra low latency offer with pair trading monitoring

Algo trading offers secrecy, liquidity, global reach, with a wide variety of execution strategies.

DMA appears to cover all major countries

All major assets are supported

Appears to be to have monitoring, order limit impact checks, market anamoly, and pure confidentiality

World’s largest dark pool!

Equinix network:

Low latency with large number of networks for 450+ financial service firms.

IDX data center is in Toronto (yeah!) but global as well which is quite interesting

http://www.equinix.com/en_US/locations/canada/toronto-data-center/#toronto

Physical location: http://www.carrierhotels.com/properties/trizechahn/151front.shtml

http://www.equinix.com/en_US/locations/canada/toronto-data-center/#toronto

http://www.151frontstreet.com/

Includes colocation!!

 Join now to see if I use these services for my secret society HFT platform and I am building with strategies!

 

 

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Credit Suisse Starts $500 million systematic trading group led by…

Credit Suisse Starts $500 million systematic trading group led by…

bloomberg.com

Credit Suisse Group AG, Switzerland’s second-largest bank, is starting a $500 million systematic-trading group within its asset-management business after picking Mika Toikka to lead

 

Great! Do they need IT/Quant talent?

 

It will be very interesting to see how well they manage. Hopefully they will have some sophisticated algo’s that will have them in cash most of the time

 

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Interesting webinar on Asian High Frequency Trading with Credit Suisse and Newedge

Interesting webinar on Asian High Frequency Trading with Credit Suisse and Newedge

Here are the highlights posted:

This Webinar -High Frequency Trading in Asia was recorded September 21, 2010 at 5pm Hong Kong time as a panel-style format. The webinar explored the challenges that the large geography of Asia faces when delivering High Frequency Trading services, the co-location footprint in Asia, market data and its growing importance, regulatory hurdles prevalent and many other topics central to HFT in the zone.

While it is recorded as a video the screen shows what was viewed by attendees during the entire webinar.

284 people registered.

The panelists included:
* Hani Shalabi, Head of Credit Suisse’s Advanced Exectuion Services in Asia
* David Wilkinson Senior Director of Equinix
* Weng Cheah the Global Head of Equity Advanced Trading Services at Newedge

Duration: 58min:40s

http://www.asiaetrading.com/examining-high-frequency-trading-in-asia-webinar-recording/?mkt_tok=3RkMMJWWfF9wsRonuanKZKXonjHpfsX66espWbHr08Yy0EZ5VunJEUWy2oEDWoEnZ9mMBAQZC81k0RlRFOmN&goback=.gde_1822910_member_30860851

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

No more bank quant jobs? Hiring freeze at Barclays, Credit Suisse, and RBS Royal Bank of Scotland?

No more bank quant jobs? Hiring freeze at Barclays, Credit Suisse, and Royal Bank of Scotland?

Here are some highlights from a relevant Bloomberg article:
Quotes:
Now that trading revenues are dropping there’s a hiring freeze on,” said John Purcell, managing director at executive search firm Purcell & Co. in London. “I wouldn’t be surprised to see people shedding traders again.”

“It’s a tough market for investment banks at the moment,.. Equity issuance is low and debt issuance fell off a cliff in the second quarter. Freezes won’t be odd.”
“We continue to be proactive about monitoring the size of our business relative to client opportunities and market conditions,”
“The war for talent has meant that the cost of hiring has gone up significantly,” UBS Chief Financial Officer “I wouldn’t expect that we’d be taking on enormous numbers.”
“A lot of the hires that companies were trying to make did not get approved by management especially those with guaranteed bonuses,”
“They are saying: sorry there is a freeze of guarantee-type hires. It’s on base-pay only.”

Stats:
Fixed-income, currencies and commodities trading was the biggest revenue contributor at investment banks from Deutsche Bank AG to Goldman Sachs Group Inc.
The sovereign debt crisis caused bonds of Portugal, Greece and Spain to plunge, making the trade less profitable and made investors more cautious in taking on risk.

Credit Suisse and Barclays Capital said on Aug. 11 they plan job cuts. Credit Suisse said it will eliminate 75 posts in the U.K. Barclays Capital is cutting 300 administrative jobs, a person with knowledge of the matter said at the time.

Bankers who would once have received between 1 million pounds ($1.6 million) to 3 million pounds in guaranteed compensation are now being offered base pay of about 200,000 pounds to 300,000 pounds, he said.
Just remember, I am just the messenger from this article.
http://www.bloomberg.com/news/2010-08-13/credit-suisse-barclays-may-be-start-of-investment-banking-hiring-freeze.html

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

F# and .NET needed at Credit Suisse? Is there a future for this and Microsoft in the quant world?

F# and .NET needed at Credit Suisse? Is there a future for this and Microsoft in the quant world?
So somebody on my Linked In is looking for F# developers. This was the message:
We are using F# in Credit Suisse (in the derivatives quant modelling group), and have been doing so for 2 years now. We have a number of open positions, particularly combining F# and WPF. Please contact me if you are interested and have the relevant skills.
His group is also listed as Gobal Modelling and Analytics. This is in New York City.
Don’t bother asking me for the contact because I won’t give it.
As Microsoft introduced this new language in Visual Studio 2010, I am seeing more demand for this dynamic scripting language. Or is a scripting language like PHP, Python, Ruby on Rails, or PERL. I am not sure as I have not worked with it.
As compared to a new language like Google Go, I am seeing a slight uptick in demand for it. As I said, when you compare to these other languages in the world of quant, F# appears to be taking an early lead.
When you compare the general .NET versus Java argument, it is a very safe bet that .NET is starting to get more popular within the enterprise which of course includes the large Quant firms. Also, I am finding despite C++ as being the standard, know Microsoft’s .NET frameworks like WPF, WCF, and LINQ are pretty well standard. Make sure you know the new features of Visual Studio 2010. They are very impressive.
As for F#, I still question if this is a smart decision for your career path right now. It is still light on demand, but gives it a year or two; you might start seeing more and more F#. It is a bit of risk right now, but you have been warned. Also, did I mention you can get the F# interpreter for Linux flavours like Red hat or Ubuntu. This is Microsoft’s first foray into the outside Windows world? Also, it is pretty standard Microsoft can set languages as standards. Why do you think C++ is still a standard and very popular language? It is as popular a C#.

HOW DO YOU START A PROFITABLE TRADING BUSINESS? Read more NOW >>>

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!