Tag Archives: quants

Cross-Asset Quants Are Facing Worst Loss in a Decade

Cross-Asset Quants Are Facing Worst Loss in a Decade

Just like hedge funds, there are too many udnerperforming participants who call themselves ‘quants’. Sort of like your Uncle Joe and his frikkin dog.

https://www.bloomberg.com/news/articles/2017-07-07/cross-asset-quants-bitten-by-fed-facing-worst-losses-in-a-decade

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!

WSJ: Quants run Wall Street

WSJ: Quants run Wall St now

Deal with it humanoid! Even 30% of Goldman Sachs employees are software engineers! They are also no longer an investment bank but a technology company,.

Go here to see the article if you got access.

I will be scheduling another Monday nite event just like last night! Just so you know a recap has been posted but the webinar was actually NOT recorded due to someone’s personal info was revealed.

Just a reminder that the new Quant Analytics service is now fully underway with daily video trading calls based on my human workflow. The new benefit starting  started last night with next one scheduled Monday May 29.

>> JOIN HERE <<


Read the full benefits here

Thanks for reading

Bryan 

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!

Steve Cohen doubles down on quants and trading robot

Steve Cohen doubles down on quants and trading robot

From this article:

Steve Cohen – he difficult point of automation for a discretionary hedge fund is found where if / then logic can’t compute

Can Steve Cohen fire his human traders and replace them with robots? That is a question that can only be answered through testing through a wide variety of market environments – including market crash scenarios. The talent behind a human investment manager that cannot be exactly replicated by a computer is understand nuance and assigning meaning to what appear as mathematically noncorrelated events.

http://www.valuewalk.com/2017/03/steve-cohen-quants/

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!

Wells Fargo Quants Shows How to Bet on the Super Bowl

Wells Fargo Quants Shows How to Bet on the Super Bowl

This is the exact same model following a quant based asset manager

https://www.bloomberg.com/news/articles/2017-02-03/it-s-tom-brady-versus-wells-fargo-s-quants-in-super-bowl-li

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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!

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

Join my FREE newsletter to learn more about how the banks want the quants

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!

Basic HFT system working with real time charting next. Meet real quants online!!

I have accomplished some new milestones so I put this quick video together on the next steps:

Basic HFT system working with real time charting next. Meet real quants online!!

This  video and  link is from 3 years ago! My how things have changed vs where we are now!

Also, I got talking to a recent CQF grad who offered some great resources if you are new to quant or are a student:

This is one of the best resources online I have ever seen for quant studying with C++: A student of the CQF!

https://quantlabs.net/blog/2013/08/this-is-one-of-the-best-resources-online-i-have-ever-seen-for-quant-studying-with-c-a-student-of-the-cqf/

Here are the 2 Very Important magazines if you are doing quant: Risk and Wilmott

https://quantlabs.net/blog/2013/08/here-are-the-2-very-important-magazines-if-you-are-doing-quant-risk-and-wilmott/

Is the best Advanced Risk and Portfolio Management course on the planet with examples done in Matlab? Attilio Meucci

https://quantlabs.net/blog/2013/08/is-the-best-advanced-risk-and-portfolio-management-course-on-the-planet-with-examples-done-in-matlab-attilio-meucci/of

I am in the midst of ‘closing off the loop’ where my custom trading platform will have features including:
1.    Real time market tick data capture and analytics with threading
2.    Visualization

As this  designing is coming to a near completion. All in all, I cannot stress you need to join this Membership as you will not find anything else out there as affordable.


–>    JOIN FOR IMMEDIATE ACCESS <–

Check out all the items you can learn about automated trading here

Thanks for reading

Bryan

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!

‘Quants’ called mugs for using Quantopian with a whopping 1.3% net return

‘Quants’ called mugs for using Quantopian with a whopping 1.3% net return

From an article listed below.

Quantopian beats market by a whopping net return of 1% for Q1 2016

There was a 1.3% net increase after all expenses paid out to authors of their algos. The founder was quoted as saying the they were needing to stay sober. As for me, if I was a (venture) backer of this venture I would want my investment back with INTEREST!

Comments including calling quants ‘mugs’:

One quarter could be a fluke? I would want to wait and see for 10 year returns versus results….

The quants sharing their code are mugs. If it works in long run you’re giving away IP worth hundreds of millions. @ABS it’s sad to see how naive many quants are and how often they get ripped off when they work for others.

 

 

See the article here but I cannot say anymore due to their terms and conditions of reposting

http://www.ft.com/cms/s/0/0808729a-faa6-11e5-b3f6-11d5706b613b.html#axzz44yW022Ki

Join my FREE newsletter to learn how to retain/control your own code and Intellectual Property for much higher returns in automated trading

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!

Basic HFT system coming for Karen Super Trader! Meet real profitable quants online!!

Basic HFT system coming for Karen Super Trader!

I am working on it.

I am very close to finishing up the close this week.

I am coming up with interesting ideas to handle multi-threading multiple strategies in parallel.

Stay tuned as I hope to have something to to demo in my Meetup groups listed below

Join my FREE Meetup groups below or my NEWSLETTER here 

Quant Finance

Toronto, ON
1,612 Members

Quant Finance group talking hedge fund, investment, quant analytics, and quant tech development. This includes MatLab, C++, C#/.NET, Java, Excel, VBA, Python, R, etc. I would …

Check out this Meetup Group →

http://www.meetup.com/R-Matlab-Users/

Toronto .NET Developer Meetup

Toronto, ON
661 Members

This group was created to give Toronto .NET Developers an opportunity to meet and network. It will allow developers an opportunity to meet face-to-face and share best practice…

Check out this Meetup Group →

 

 

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!

Python Quants Conference May 1, NYC – Early bird tickets until April 3

Python Quants Conference May 1, NYC – Early bird tickets until April 3

For Python Quants Conference, NYC – May 1
Fitch Learning, 55 Broad Street, Manhattan, New York, NY 10004

Attend Live in NYC or Online – Early bird tickets available until April 3

After the success of last year’s joint conference in London, the CQF Institute and The Python Quants are proud to be hosting the next For Python Quants Conference in New York City.

Conference Talks include:

kdbpy: Readable q via Blaze
Scaling Python-based Analytics and Data
Building a Hedge Fund with Python
Crowd-sourced Alpha: The Search for the Holy Grail of Investing

Find out more

Pre-conference bootcamps – April 28-29
Fitch Learning, 55 Broad Street, Manhattan, New York, NY 10004

April 28 – Python Technical Bootcamp
The technical bootcamp covers the basics and advanced approaches of typical Python paradigms and libraries, like IPython, NumPy and Pandas.

April 29 – Python for Finance Bootcamp
The financial bootcamp applies the basic Python tools and libraries, presented in the technical bootcamp, to real-world quant finance case studies.

Find out more

Bookings – Early bird tickets until April 3

The conference and bootcamps will be broadcast, so you can attend either live in NYC or online.
Price Table Format Early bird ticket Standard ticket
Conference OR Bootcamp (PER DAY) Live $395 $495
Online $195 $295

Package Bookings
Receive a 15% discount when booking both bootcamps or the conference & both bootcamps.

Book your place www.forpythonquants.com

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!

SecDB and SLang secret sauce to Goldman Sach’s profit and saving grace of the 2008 financial crisis? Quants rules the roots now!

SecDB and SLang secret sauce to Goldman Sach’s profit and saving grace of the 2008 financial crisis? Quants rules the roots now!

I like to use Goldman Sachs as a good role model for building out a tech operation built around being indie with your own source code.

About investment banks, Goldman Sachs is your #1 investment banks in the world:

http://en.wikipedia.org/wiki/List_of_investment_banks

https://www.quantnet.com/threads/former-goldman-quant-spills-secret.4316/

http://stackoverflow.com/questions/3392636/slang-goldman-sachs-proprietary-programming-language

http://www.cnbc.com/id/38584613

When you post the sort of items it is always decisions decisions.

After learning from others in various place, it seems your database is key to all your successes. Not models, but software architecture and design patterns to give you the edge. Math strategies and and other technologies are secondary. Just read me my links to see what I mean:
(As always lend me your ears for fedback)

http://news.efinancialcareers.com/ca-en/147434/inside-goldman-sachs-secret-sauce/

http://dealbreaker.com/2013/04/goldman-had-a-quarter/

http://dealbreaker.com/2013/04/mf-global-report-shows-limits-of-the-just-write-all-your-positions-on-post-its-method-of-risk-management/#fn06

http://www.secdb.com/

http://news.efinancialcareers.com/ca-en/174323/rise-quants-goldman-sachs/.

…teams, to the point where it’s the uber-technical guys who are gaining ground at the top. Since the shake-up of Goldman’s senior technology ranks at the tail end of last year – when R. Martin Chavez took over from Steve Scopellite as chief information officer, and Don Duet and Paul Walker were installed as co-heads of technology – the ‘strats’ have been taking over, suggest our sources.

Chavez heralded from Goldman’s ‘strats’ team, which is largely a quantitative function with the ‘core strats’ building complex models across the bank’s trading desks. So did Walker, who joined the bank as a vice president in the FICC strats team in 2001. Most are not pure technologists – heralding from a science, maths and engineering background – but are still very computational.

Nonetheless, Goldman continues to offer a lot of opportunities for technologists – at least 25% of its employees work in tech. Lloyd Blankfein says that the bank is a “technology firm nowaday”, while Walker’s LinkedIn profile invites technologists to get in touch with the bank’s HR teams.

How Math Quants Rule the World: High Frequency Trading

PHD psychologist article?

http://www.psychologytoday.com/blog/good-thinking/201405/how-math-quants-rule-the-world-high-frequency-trading

More SecDB and othe tech stuff:

 

“Best and brightest, SecDB is king ”

http://www.glassdoor.com/Reviews/Employee-Review-Goldman-Sachs-RVW1073827.htm

Former Employee – Equities Trading Strategist in New York, NY

I worked at Goldman Sachs

Pros

– best & brightest + very nice people
– SecDB, major competitive advantge, no other firm has this (altho they tried)
– exceptional quant talents (way smarter than traders)

Cons

– political on top (esp. the business side)
– like all banks, constant hustling
– some useless work just to get exposure or satisfy short term needs

Advice to Management

– better performance review procedure: it’s called 360 degree but in reality still one sided from manager
– make it a true meritocracy and reduce politics

 

http://www.wilmott.com/messageview.cfm?catid=16&threadid=59857

Slang seems to be integrated into C++ on Linux/UNixL

Some job notice descriptions:

http://www.simplyhired.com/job/slang-c-developer-job/performance-resources/tm7j2zx4oi?cid=ioazsyviorodfzazbsmmhfarqfjtjmbu

I will make a HUGE assumption this is for Goldman Sachs in Company: Performance Resources ??

 

Slang/C++ Developer 10666

Location: New York , NY

Group Summary

The Credit Technology team is responsible for systems that facilitate negotiation, approval and capture legal terms that govern counterparty risk. The risk can include trades with increased exposure to a counterparty or to certain events that can cause significant financial or reputational impact to either party. The technology includes building out tools to streamline business processes and modeling of terms in such a way they can be easily integrated with other systems in the firm for the purposes of operations, control, and management of counterparty risk.

The group is a talented mix of developers, architects, and functional analysts who maintain a technology friendly environment where quality of software is given prime importance and align with firm s initiatives on managing counterparty risk. We leverage test-driven development and other agile development practices to deliver quality software the first time out.

We do most development in Java and other proprietary platforms.

Role Summary

We are looking for talented developers interested in finance to build and maintain the applications which manage the firm s counterparty risk and satisfy regulatory requirements. You will gather functional requirements, participate in technical design sessions, and interact with other technology teams within Sales, Trading, Legal, and Controller areas to accurately model the terms and implement efficient workflows to streamline the business processes in the firm. The role will allow you to gain an understanding of various business processes at firm, the funding terms that affect pricing of OTC derivatives and suitability of the client to engage in such transactions. The successful candidate will participate in all phases of a project lifecycle and work with extremely bright and motivated individuals.

The successful individual will develop a UI application to capture client profile by presenting a form or questionnaire to sales and compliance. The application will be developed in slang/secdb and interacts with other systems via messaging, server calls, SQL queries etc. for storage, retrieve reference data and feed into operational flows.

In addition, the project also includes writing batch scripts (mostly in slang ) to reconcile data across multiple systems, notify alerts to users by email, generate reports etc.

Required skills:

Solid programming skills with good algorithmic thinking and data modeling

Programming languages: Slang, C++

Unix/Linux experience

Demonstrated history of technical projects successfully deployed to production

Must be able to gauge and define technical specs for applications supporting the business processes

Ability to understand business processes and make judgments in the technical complexity needed for the application that will support the business processes.

Good communication skills and organizational skills to understand and keep track of requirements as part of interacting with peers.

Some RDBMS experience

 

—-

Is Python used at Goldman?

http://www.goldmansachs.com/a/data/jobs/28392.html

Technology – FICC Technology – Commodities Franchise Front Office Developer (Java, C#, .NET, C++, Python)- Analyst, London

Job id

28392

Location

London

Full/Part Time

Full-time

Apply Now

Job Summary & Responsibilities

The Commodities Technology team in London is seeking a dynamic, entrepreneurial and hands-on individual. The candidate will have the opportunity to work directly with Traders, Sales, Operations and Strategists. This is a great role to get an insight into the commodities business and work closely with end users. The role involves working on a variety of projects such as new products set up, market driven changes, tools to improve productivity/support new business and re-engineer existing applications.

Problem solving ability and good communications skills are the key requirements.

The successful candidate will work on SecDb/Slang with elements of Java/C#/Web Development. This powerful object oriented database and interpreted language is similar to Python, and underpins front office pricing and upstream trade processing across the firm. Full training will be given.

Basic Qualifications

MANDATORY
•4-6 years of commercial experience
•Strong analytical skills
•Good knowledge of Object-Oriented Programming (Java, C#, .NET, C++, Python)
•Excellent communications skills

Preferred Qualifications

•Commodities knowledge
•Experience of a front office / client facing role
•Experience of programming in Python

—–

http://www.goldmansachs.com/a/data/jobs/30291.html

Technology – Trading Shared Services – Analyst Developer (Java, C#, .NET, C++, Python)- Analyst, London

Job id

30291

Location

London

Full/Part Time

Full-time

Apply Now

Job Summary & Responsibilities

Analyst Developer (Java, C#, .NET, C++, Python)

The newly formed Trading Shared Services team in London is seeking a dynamic, pro-active and hands-on individual. The candidate will have the opportunity to work on a broad set of functions across post execution services. Including Clearing & Middleware, Regulatory Reporting and our Core Matching and Trade processing services. The team is functionally aligned so gives the individual a great opportunity to go deep as well as gain a broad exposure across all major OTC derivative asset classes.

With this being a newly formed BU it’s also a great opportunity for the right individual to help shape our future and bring in new expertise as we harmonize teams across the functions we support. Problem solving ability and good communication skills are the key requirements. A strong interest in Agile & Test driven development are also welcome.

The successful candidate will primarily work on SecDb/Slang. This powerful object oriented database and interpreted language is similar to Python, and underpins front office pricing and upstream trade processing across the firm. Full training will be given.
There will also be opportunities to use Java.

Basic Qualifications

• 3+ years of commercial experience.
• Strong analytical skills.
• Good knowledge of an Object-Oriented Programming (Java, C#, .NET, C++, Python).
• Excellent communications skills.
• Pro-active and takes initiative.

Preferred Qualifications

• Degree in an analytical subject. (CS, Maths, Engineering, Finance etc)
• Previous experience in financial technology.

 

 

About investment banks, Goldman Sachs is your #1 investment banks in the world:

http://en.wikipedia.org/wiki/List_of_investment_banks

 

 

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!