l****d
发帖数: 55 | 1 Can anybody help explain what the difference is between a quant and a
programmer in a financial institution?
I am interested in enrolling in some financial engineering program but I am
not so keen on becoming a programmer in the future. I like to write code to
execute ideas but I don't like writing softwares for other people.
Anyone can elaborate? thanks. |
x**y
发帖数: 10012 | 2 以后区别会越来越小
am
to
【在 l****d 的大作中提到】
: Can anybody help explain what the difference is between a quant and a
: programmer in a financial institution?
: I am interested in enrolling in some financial engineering program but I am
: not so keen on becoming a programmer in the future. I like to write code to
: execute ideas but I don't like writing softwares for other people.
: Anyone can elaborate? thanks.
|
A*****s
发帖数: 13748 | 3 if you don't even know the difference, you're not a quant
am
to
【在 l****d 的大作中提到】
: Can anybody help explain what the difference is between a quant and a
: programmer in a financial institution?
: I am interested in enrolling in some financial engineering program but I am
: not so keen on becoming a programmer in the future. I like to write code to
: execute ideas but I don't like writing softwares for other people.
: Anyone can elaborate? thanks.
|
l****d
发帖数: 55 | 4 I never said I am. that's why I am asking...
【在 A*****s 的大作中提到】
: if you don't even know the difference, you're not a quant
:
: am
: to
|
A*****s
发帖数: 13748 | 5 then you don't need to care...too hard to explain...
【在 l****d 的大作中提到】
: I never said I am. that's why I am asking...
|
y******i
发帖数: 199 | 6 就像你说的，programmer就是writing softwares for other people。
quant可以play with models。当然，现在很多quant玩好了model也自己写程序实现。 |
l*********o
发帖数: 3091 | 7 A good trading system 离不开：
1. reliable, clean, high quality stock data.
2. a platform for backtest.
3. realtime data feed and execution system
All of them need programmer's implementation and maintenance every day.
quant only builds models and plays on top of #2.
There is a post on this board about RT is hiring data cleaning people.
checking the new data recorded every day for missing ticks. maintenance of data is a skillful job. Even a small error in the data can give rise to different result i
【在 y******i 的大作中提到】
: 就像你说的，programmer就是writing softwares for other people。
: quant可以play with models。当然，现在很多quant玩好了model也自己写程序实现。
|
l****d
发帖数: 55 | 8 Thanks liangmaomao.Appreciate your input. Hope as I learn more about
quantitative side of financial market. I'll understand better. |
t********a
发帖数: 810 | 9 dont think point 3 is that important. this is the easiest part to outsource.
data is a skillful job. Even a small error in the data can give rise to
different result in back test.
【在 l*********o 的大作中提到】
: A good trading system 离不开：
: 1. reliable, clean, high quality stock data.
: 2. a platform for backtest.
: 3. realtime data feed and execution system
: All of them need programmer's implementation and maintenance every day.
: quant only builds models and plays on top of #2.
: There is a post on this board about RT is hiring data cleaning people.
: checking the new data recorded every day for missing ticks. maintenance of data is a skillful job. Even a small error in the data can give rise to different result i
|
a***r
发帖数: 594 | 10 would you let other people implement the execution platform? Would you even
let other people just see your executions?
Don't you want to be 1mili second faster than all your competitors?
If you implement your own data cleaning, how would you out source your data
feed? you hand over your data cleaning code to the contractor?
outsource.
【在 t********a 的大作中提到】
: dont think point 3 is that important. this is the easiest part to outsource.
:
: data is a skillful job. Even a small error in the data can give rise to
: different result in back test.
|
G*****3
发帖数: 71 | 11 It is interesting to see how the opinion difference relates to ID name.
For someone as big as Two Sigma, execution and slippage is not a huge
problem, as majority of they trade is high capacity, long term and high
margin trade. Most of the hedge fund like Two sigma uses broker provided
standard execution system.
As a arber, execution is the key to profitability, as their trading strategy
focuses on split of second market inefficiency. A lot of them have direct
access to the exchange.
It is not c |
