Tag Archives: path

Path Integral & Asset Pricing quant paper

Path Integral & Asset Pricing quant paper

Another research paper from SSRN

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2506430

Abstract:

We give a pragmatic/pedagogical discussion of using Euclidean path integral in asset pricing. We then illustrate the path integral approach on short-rate models. By understanding the change of path integral measure in the Vasicek/Hull-White model, we can apply the same techniques to “less-tractable” models such as the Black-Karasinski model. We give explicit formulas for computing the bond pricing function in such models in the analog of quantum mechanical “semiclassical” approximation. We also outline how to apply perturbative quantum mechanical techniques beyond the “semiclassical” approximation, which are facilitated by Feynman diagrams.

 

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!

New direction for QuantStart automated trading

New direction for QuantStart automated trading

Interesting what this author is doing moving into 2016 but I am closer to his moves than ever before. Thanks to the NYC Contact for sending

https://www.quantstart.com/articles/Announcing-the-QuantStart-Advanced-Trading-Infrastructure-Article-Series

Join my FREE newsletter to learn more about automated trading with Python potential 

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/

Learn more on how to quick start your own quant based trading business through our FREE newsletter

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

 

 

 

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!