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This is pure tech position, no analytics involved. Why would anyone other then tech people want to do this?

We had a guy have a heart attack right on the trading floor, if an MD was there the fellow might have survived. That would have been bad. On a serious note - look at some buyside firms that might be searching for people to analyze biotech/pharm stock.

We had one at the last place I worked, she was a good trader too (*). In fact, in yet another place we had a pricing model (she was a quant :). Locally, we mostly have sales models, actually a few of them - "Babe factor" on IB trading desks is pretty high these days * dead now, unfortunately

I presume the requirements are 6 foot tall, double-D cup minimum, preferably blond? Experience in trading not required :D

Hehe. I am about a block from Grand Central too (Madison and 47th) we should do lunch :)

There is no contradiction between the two models. However, one can think of non-markovian martingales, just to make life even more misarable. For example, the way rates are specified in the HJM family of interest rate models makes their processes non-markovian, causing a lot of headache for the...

Quote from FireWalker: Something is either random or it's not. There is no such thing as partially random. Of course there is. The absence of a deterministic component is in some sense the definition of a martingale. Imagine two drunk traders by a bar in downtown Manhattan. A slightly drunk...

Forward me their resumes - we are still looking for another two programmers. PS. I too do have a PhD and years of experience, in case you wounder. May be they should move to the east coast.

Well, an example of falure is not indcative - there are very serious quantitative traders, you just have not met them. Well, you are talking about different skills - the fellow in question might go on to some stat arb fund. You were looking for a straight trading position - different skills...

I am not going to argue with the fact that quants do have years of experience, but I know of quite a few quants that moved onto trading. A few examples - Espen Haug (see http://search.barnesandnoble.com/booksearch/results.asp?WRD=Espen+Haug&userid=2YEVOJTCVX&cds2Pid=946 ), now a prop trader with...

I would certainly hope that you are kidding, matrix multiplication is as basic as it get. We were looking for solid c++ delveopers with quantitative skills, also known as math - the ones that we intrviewed were not able to pass a very simple math test.

I am talking about c++ positions. Some people had no C++ experience and they still put c++ on their resume, just to get an interview. We needed people that had some quantitatve skills, but nobody (with one notable exception) was even able to multiply two matrices. No. But the ones that were...

You know, our desk has been looking for programmers - he intreviewed a lot of people, but they all sucked. We found a few for salaries much bigger then 100k and hired them - and they all already had a job and switched. Anyone who actually is something already has a job and is being pestered by...

From what I’ve seen on the street, almost any legal action on the side of investors is usually a scam of one sort or another. For example, when PG got into hot water over the basis swap deal with Bankers Trust, they started a suit saying “we did not understand the products and they...

Technically, any job could be outsourced. By that logic the whole companies will move over. However, there are a few consideration that will prevent this from happening. First, most of the projects outsourced are non-core projects, such as various support and re-enegeneering projects. For...

A interesting fact - some 10 years ago, you were able to hire a math PhD with great programming skills for mere 500 a month in Moskow. These days it takes from 1500 to 2500. Appropriately, the cost of less qualified people increased from 100-200 to about a thousand. Same thing is happening in...

No, not really - most places are looking for people that have seen some action in a specific field. An entry level position is hard to come by.

Plenty - contact your nearest quant recruiter (Options Group in NYC is one example). But be prepared that your PhD is not enough - many people want these jobs and there are people out there who are far better qualified then you are. Read Hull or Wilmott before you go to interviews :D The...

Nowbody is perfect. I think it was last november when a trader from equity derivatives entered an order to short some futures (or so he tought), but by mistake he entered it into the equity system which had different utits - in short, he shorted 8BN worth of stock. He figured it out right there...

Dont tell me you work for Bear - that would be too funny :D