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Don't live in Manhattan. Jersey City or Hoboken is doable (15 min away by Path or ferry), but you can live in Queens, where a 1br goes for closer to $1500/mo, right on a subway line where you are less than 30 min to the heart of midtown. That might seems like a lot, but consider that the only...

Seems like lots of new people ask the same questions but never get a straight answer, so here it is... No one, nowhere, will teach you how to trade. Trading is simply something you cannot "teach". I'm talking risk-taking positions here, not market-making spots. You can attend a training...

No, but it is much cheaper and easier to get.

Think about what the correlation should be between stocks and bonds on a fundamental basis, and over what period. You can get this data off off Federal Reserve's FRED database and do the calculation yourself. Tell us what you find.

First off, 95% of what quants do (up through director levels in most cases) is coding...maintaining models and databases, changing them to conform to whatever IT protocols the desk is using or changing to, debugging old code, etc. I guarantee that even if you can beat out the competition to...

Why do you want to be a quant?

Congratulations on the job. I think you have the right basic attitude about this position. Here are some thoughts: 1. Take every opportunity to make yourself known to the front office staff...especially traders and portfolio managers. The most common way to get a promotion to a trading...

No, but you can trade OTM puts there.

First of all, 0.5 is not a good Sharpe Ratio. Think about the definition of SR...return per unit of risk. So, your SR means that as you increase your risk, your returns only increase 1/2 as much. What you want is a SR>1.0, and ideally >2.0. You want your returns to increase more than the...

1. Why are you not pursuing a position with the firm where you did your summer internship? If it is because it's in wealth management instead of trading, why would you think your background is better suited to trading rather than a client-facing role (hint: your background is better suited to...

The Comex contract didn't budge. That would have been a great spread trade. I wonder if it's worth hiring a dude to watch this overnight? Seems like ZG is still plenty flaky.

FX desks tend to mark their books around 5PM. NY is pretty much done, and Tokyo hasn't come in yet. No...not the same as futures. Different markets.

http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=415128&in_page_id=1770 "To the women he groped and grunted at, Thomasz Stepniowski's sleazy behaviour was no laughing matter. But for the 24-year-old Pole it was all perfectly acceptable. This, he claimed, was because...

From their website: Foreign Exchange Risk To what extent do you currently record and manage the settlement risk? How important is it for you? If you trade generally with larger banks you may feel that the real risk is small. Conversely, you may want to reduce your risk on smaller...

Oh my... Not all education comes from books. When you take a position in a currency pair you should either earn or pay the "roll". The "roll" is the money you earn or pay from being long or short a currency. The amount depends on the differential on overnight rates. If you get...

Then why are you trading FX? Please...become educated before you trade this market.

Then why are you using them?

FX is always T+2, except for CAD which is T+1. This has nothing to do with the broker. It has to so with the way banks clear funds. This is just the way it is. If your strategy is dependent on one day of interest income that gets messed up a handfull of days out of the year then perhaps...

Buy USD vs. JPY, for example

The interest rate for Currency A is 1% The interest rate for Currency B is 5% You borrow A (paying the borrowing rate of 1%) to sell A, and invest the proceeds, which by definition is Currency B, in a bank account (earning 5%). You earn 5%-1%=4% if everything stays the same. Your...