Tag Archives: investment bank

Get into investment bank with being analyst? Me: crypto currency pairs

Is there a way to get into an investment bank without becoming an analyst grunt? Many of the ivy league graduates complain about making pretty reports with charts for bank clients. These charts and reports are never ready apparently but their creators who work 6 days per week at 12+ hours per day. Sounds fun. You basically have no quality of life nor balance. Are there other ways to get into the very high paying positions in these banks? I have my own solution with lucrative crypto currency pairs so see below. Apparently there is if you read this Quora article with other links.

https://www.quora.com/Is-there-any-way-to-get-into-investment-banking-without-going-through-the-route-of-being-an-analyst

Note one answer is from the head of talent acquisition of Point72 which is the private family office from of the largest hedge fund manager known as Steven Cohen. Remember the insider trading fiasco of SAC as few years ago?

My solution

As of today, I will be drawing a solid segregation line between trading and the technology behind it. After years of experience sussing out the psyche of different people, it seems to be there are those that want to get into algo trading without building anything themselves. This is the DIY (Do It Yourself) approach I strongly believe in. There is another set of folks with the technical chops to accomplish it, but they realize how hard it is to get a fully algorithmic trading system with automated execution/orders to their broker. The farthest they get are to generating trading signals. They don’t factor in automating risk, portfolio optimization or construction, nor automating their orders. It is a huge ordeal to piece all of this together.

As a result, I have two separate membership services I created over the last few months, The first is the Analytics service.

You can get full details here.

http://quantlabs.net/academy/new-course-building-python-algo-trading-system-with-bitcoin-an-crypto-currency-focus/

Notes from yesterday:

Python Course Pricing Re-adjusted

I just doubled the price of the Python 3 Infrastructure Algo Trading course, This includes fast moving crypto currency. If you did take advantage of this, you will note that I managed to discover high 12% intraday  moves across 3 crypto currency pairs. This was in a severe down day with only 2 profitable crypto currency pairs out of 100+. There were others with 800+% but there for tiny coins coming off an ICO.  Always remember initial coin offering can be highly manipulated but I may focus on those down in the next few weeks. It reminds me of how Timothy Sykes does his penny stock teaching

If you are concerned about pricing, I just posted the more affordable but older Python 2 Infrastructure course without the Crypto currency.

I also have the ELITE which is more geared towards the technology of these systems. It is for more advanced programmers which is purposely not cheap! There are many free resources out there but good luck in looking for unique trading ideas from them. Ask yourself if they are real traders earning from what they show? It is most likely no.

As you know, the QuantLabs.net site has verified this by a third party:

You should understand well over 40-49% of our website audience makes over 
$150,000 annually. Do understand that this website is one of the only one 
of its kind to offer this verification with CONFIDENCE! Insights provided by 
Quantcast.com since day 1!

Crypto Currency pair secrets with the reward

Not just that, I am finding some great discoveries 12% up moves intraday for certain crypto currency pairs? This is where the entire asset class is getting crushed. I have not even described yet the about the up 850% intraday move from tiny crypto coins. These are most likely part of ICOs (initial coin offerings). I am interested in focusing on these entire areas instead of being proud of 20% annual move of the S&P 500. There are many unknown areas to discover for huge pops intraday which I want to focus on. As a result, I am not interested in telling the world about it. This is where I will focus via my Quant ELITE service which is why it will not be cheap.

I also plan to do my usual webinars LIVE on Monday nights. I will be splitting up the event in two hours. The first hour will be public showing recent results of what I see. The second hour will only be available for my ELITE members where the replay gets archived. These videos will not be made publicly anywhere except behind the paywall fo the ELITE service. This starts very soon so keep your eyes peeled on my QuantLabsNet Facebook page for these.

quant elite with new FXCM API demo 30 min video for Pythoan Algo Trading course

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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!

Heavy industry HFT hedge fund investbank players at Newsweek AI Data Science Conference in NYC

Heavy industry HFT hedge fund investbank players at Newsweek AI Data Science Conference in NYC

Whoa! There are so many industry institutional players at this conference !!

Regiser here: http://www.aidataconf.com/

This happens at NIAC in NYC Dec 5-7!!

 

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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!

Rise of the quant running Goldman Sachs investment bank with Tecchnology

Rise of the quant running Goldman Sachs investment bank with Tecchnology

Do I really need to say anything further on this?

https://quantlabs.net/blog/2014/06/confirmed-that-the-quant-and-software-developer-are-in-charge-at-goldman-sachs/

http://news.efinancialcareers.com/us-en/174323/rise-quants-goldman-sachs/?utm_campaign=MC_EDI&utm_source=AMS_US_ENG&utm_medium=EM_NW#sthash.SkbvhVoH.dpuf

http://www.bloomberg.com/video/blankfein-bloomberg-on-role-of-tech-in-business-jfVG3yDRRuWCSwcC6SJQRg.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!

Will Microsoft CEO satay nadella be a game changer for an investment bank or hedge fund

Will Microsoft CEO satay nadella be a game changer for an investment bank or hedge fund

Join my FREE newsletter to see what goods we will have

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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!

Why a University PHD could be a waste of time for your quant career path to investment bank or hedge fund

Why a University PHD could be a waste of time for your quant career path  to investment bank or hedge fund

Read this:

https://quantlabs.net/blog/2013/11/is-this-the-future-of-the-financial-services-and-trading/

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Institute of trading

pg 11

Machines replaced human beings for market making

p 12 investment banks down 80% over 12 years ago

p13 funnel 3000 in operations vs 100 real traders in typical banking/Hedge fund environment

p19 warning reality for university students 80k in debt living month to month in jobs they don’t like

p20 senior traders make 300k while best in IB are in HFs, race to zero thanks to competing algos pt 4, you must learn basic trading and portfolio management with basic programming . pt 5 deal with realities to folllow the money which is your job as a trader anyways

p21 10,000 applicants for each junior trading positions that makes $18/hr after, only 20% make it to net level being in sausage grinder for 2-3 years, senior managers and junior managing directors in 5 year lock in period with resignation period (they literally got you by the balls)

p23 shows $18/hr as financial analyst contract (can you say sucker after your high cost education)

p24 sums it up

p25 USB headline

p29 last point, better off to trade your own money

p31 play with Excel spreadsheet

 

 

 

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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!

What background does a Wall Street investment bank software architect need to understand the power of quant and HFT development

What background does a Wall Street investment bank software architect need to understand the power of quant and HFT development

This just came in via my FREE newsletter. Learn more about it here.

Anyhow, this person had questions:

 

Hi – I’m an architect with an investment bank at wall street. I want to start on quants and I want to sign up. Before that I sign up want to know more about your membership. Can anyone with basic knowledge work with the material in the site?

 

I am unsure of your background. This stuff is not a trading system out of a box. If you have decent software development skills, you should be able to understand this stuff. I am unsure of your tool preferences if you don’t mind .NET, Matlab, and R, then these are tools I use. Do you have a decent math ground? This is quant as it ain’t easy no matter who you talk to or get sold by. Let me know more about your background and I can be more precise.

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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!

Holy 350 aummer analysts get job at Goldman Sachs investment bank out of 17000 applications! Same as interns?

Holy 350 aummer analysts get job at Goldman Sachs investment bank out of 17000 applications! Same as interns?

Wow!! That is competitive to get into world’s #1 investment bank just for a summer analyst job. I am sure it pays more than painting houses.

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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!

Not much stat arb Matlab examples online. Secret strategy the way for hedge funds and investment banks to profit?

Not much stat arb Matlab examples online. Secret strategy the  way for hedge funds and investment banks to profit?

Does this mean this is the secret sauce for a lot of hedge funds, banks, and other firms on how they succeed. You would think there would be lots online but noooo! Not possible. There are many types of strategies available for this.

Just a thought?

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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!

How would an investment bank or hedge fund do their social media marketing plan?

How would an investment bank or hedge fund do their social media marketing plan?

Details:

http://quantlabs.net/labs/quant-books/doc_details/797-social-marketing?tmpl=component

Get in touch here if interested.

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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!

HFT next to go? Are high frequency trading algorithms next to be on the chopping block at investment banks?

HFT

next to go? Are

high frequency trading algorithms

next to be on the chopping block at investment banks?

With the recent FBI busts, one investigator said:

One focus of the criminal investigation is examining whether nonpublic information was passed along by independent analysts and consultants who work for companies that provide “expert network” services to hedge funds and mutual funds. These companies set up meetings and calls with current and former managers from hundreds of companies for traders seeking an investing edge.”  Some say that this is the new way of doing research and that there really is no story here.

SEC defines insider trading as:

“Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security….Rule 10b5-1 provides that a person trades on the basis of material nonpublic information if a trader is “aware” of the material nonpublic information when making the purchase or sale. ” http://www.sec.gov/answers/insider.htm
Some one analysis was done that stated:

Private market data feeds are insider training:

This changes make their private data feeds available to everyone.  Some exchanges charge for this information, others give it away for free.  The data feeds are filled with enhanced trading information.  The information that you can receive on these feeds is much greater than what the public sees via the SIP (the securities information processor).  Not only can you see orders and trades, but the private data feeds also supply information on revisions and cancellations.

2) Flash Orders – Almost 18 months after the controversy, flash (or step up) orders have still not been banned.
We believe that if the FBI and SEC feel that information that investors are getting  from some “expert networks” is defined as inside information,  then a case can be made that the data that the exchanges are providing could also be considered an “expert network”.  The question becomes is the information that the exchanges provide in their private data feeds considered “material, non-public information”?

The fact of the matter is not all investors are looking at the same information.  Whether this is  technically inside information is not for us to decide.  But there are two simple ways to level the playing field:  1) Private data feeds should only contain information that can be seen by the general public via the SIP and 2) flash orders should finally be banned.

See these exact HFT points!

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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!