Why is Quant Trading becoming a popular career option in investment banking?
📍What's Quantitative trading?
QT
is different from traditional trading strategy. QT utilizes
mathematical functions to automate trading models. Plus, use back-tested
data to test on different trading scenarios & find out the
opportunities to make $$ out of it. It can handle more than ten
thousands of securities at a time ➡️very efficient
📍The value of Quant Trader
The value of Quants is that ➡️they are able to design trading strategy, ➡️have both bits of knowledge on Finance & Coding, ➡️provide instructions to IT developer for programming the codes (there are times that some Quants who's very gd at these areas might even become Quant Developer!). Furthermore, ➡️they'll be asked to check the codes that were developed by the IT developers & run tests with data to ensure the QT Strategies designed are accurate
📍Why is it popular in the trading industry?
The benefit of QT is that using backtested data could help the Trader on decision making & reduce the negative impact of Traders’ emotions when making a decision, i.e. lower the chances of making irrational decisions due to panic
Give us a thumbs up if u wanna know how attractive the salary package + future career prospects could be for Quants!
📍The value of Quant Trader
The value of Quants is that ➡️they are able to design trading strategy, ➡️have both bits of knowledge on Finance & Coding, ➡️provide instructions to IT developer for programming the codes (there are times that some Quants who's very gd at these areas might even become Quant Developer!). Furthermore, ➡️they'll be asked to check the codes that were developed by the IT developers & run tests with data to ensure the QT Strategies designed are accurate
📍Why is it popular in the trading industry?
The benefit of QT is that using backtested data could help the Trader on decision making & reduce the negative impact of Traders’ emotions when making a decision, i.e. lower the chances of making irrational decisions due to panic
Give us a thumbs up if u wanna know how attractive the salary package + future career prospects could be for Quants!
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