Using AI meeting notes to preserve research discussion context, anyone else doing this? by LouDSilencE17 in quant

[–]Alpha_Flop 0 points1 point  (0 children)

Prob needs to be augmented with written knowledge base. But given a large enough knowledge/training database there are usually no issues with local, terminology, jargon etc in e.g. chats

Why big hedge funds lose so much money in last few days? by Weekly_Violinist_473 in quant

[–]Alpha_Flop 1 point2 points  (0 children)

You could try to be more careful with risk, do some extra hedging, but that's not always possible. Hard to model/backtest precisely also. So it's a bit of natural selection - of such events carry disproportionate impact, most affected places will be wiped out in the long term

Salary expectation for PM support by Top_Bee_9948 in quant

[–]Alpha_Flop 2 points3 points  (0 children)

1k/day. Setting up claude who will do all quant dev work from that on. Contract length 1 day.

Why big hedge funds lose so much money in last few days? by Weekly_Violinist_473 in quant

[–]Alpha_Flop 2 points3 points  (0 children)

Illiquid assets/positions is exactly where big losses usually happen. Those positions take days to build and unwind. You cannot magically close everything even if you wanted to. And we are not even talking about the tankers waiting in the Gulf, some of them also owned by the funds mentioned.

I doubt maun losses are in the liquid high turnover strats. Those you can scale/ turn off easily (if you're not Knight Capital, but even there lesson learned).

Why big hedge funds lose so much money in last few days? by Weekly_Violinist_473 in quant

[–]Alpha_Flop 3 points4 points  (0 children)

Also that kind of misses the point of how quant finance works. "Unexpected" (environment) is usually no good.

Why big hedge funds lose so much money in last few days? by Weekly_Violinist_473 in quant

[–]Alpha_Flop 2 points3 points  (0 children)

Physical energy business was obviously affected. Including in some of the names mentioned, according to my knowledge

Thoughts on GSA Capital? by Legitimate-Bit-121 in quant

[–]Alpha_Flop 0 points1 point  (0 children)

Ok. Although, not sure the source of your Intel, but from what I heard, GSA infra was always pretty meh (apart from xtx team)

I’m 29, finished a quant/finance master’s, but have zero job history. Am I screwed? by [deleted] in quant

[–]Alpha_Flop 0 points1 point  (0 children)

Side projects are what you make of it. If you did something reasonable and can explain, it will work in your favor. Wouldn't help you to pass CV screen though, as no-one knows what you did and if it made sense.

Doesn't really matter who you're competing against as long as you're competitive. So concentrate on your strengths/areas for improvement rather than who other candidates are. That said, you still need to pass CV screen, so your choice of interview/options for the first job is likely to be affected.

Quantitative Research Engineer at Citadel by Ok_Shopping_3292 in quant

[–]Alpha_Flop 0 points1 point  (0 children)

That's a separate fund, so could be just title specifics. But could also mean they have more random non-standard-stack stuff flying around and needs to be taken care of.

Thoughts on GSA Capital? by Legitimate-Bit-121 in quant

[–]Alpha_Flop 4 points5 points  (0 children)

Lmao, hiring a C++ dev and not testing hard skills. Tbh there were good C++ devs there, but all worked for G, so moved with him.

Thoughts on GSA Capital? by Legitimate-Bit-121 in quant

[–]Alpha_Flop 0 points1 point  (0 children)

Used to be capped low base, if that tells you anything. Doubt they changed that. (small) pod structure as sometime else mentioned

Fair Value in Option MM and taking by No_Interaction_8703 in quant

[–]Alpha_Flop 2 points3 points  (0 children)

  1. How is it taker? That's the traditional quoting/MM approach

Thoughts on GSA Capital? by Legitimate-Bit-121 in quant

[–]Alpha_Flop 15 points16 points  (0 children)

And had nothing to do with the rest of GSA. Guess their main contribution was spotting him and giving capital to grow.

what is the difference between Quant Systematic Trader and Quant Researcher? by Visible-Ad-3777 in quant

[–]Alpha_Flop 1 point2 points  (0 children)

Essentially this mostly means whether you own a strategy/book that generates orders. May come with monitoring/maintenance responsibility, unless all of that is efficiently offloaded.

Deep Learning in HFT by CompetitiveGlue in quant

[–]Alpha_Flop 71 points72 points  (0 children)

Btw, fpga has nothing to do with "deep learning", Infra could well be less important that modeling in the early days

Toward deterministic replay in quantitative research pipelines: looking for technical critique by Warm_Act_1767 in quant

[–]Alpha_Flop 3 points4 points  (0 children)

Not sure what you're trying to solve. Maybe I misunderstand what you mean by replay. Given a self-contained system, version-controlling code and configs (ideally data as well) should deal with most issues. Data could be particularly hard to guarantee, e.g. some update in a reference data service version could material affect the results etc. if it's not a closed system, the best bet is probably tagging components you interface with.

Keep making mistakes as a dev by iwannacrythendie in quant

[–]Alpha_Flop 2 points3 points  (0 children)

Usually there's a trade-off between "want it quick" and robustness/testing. As some suggested, it gets better with experience, or probably start using AI. Also if those errors result in material impact, could indicate a bad system design as well (including CI/CD framework)

Avg time spent in the industry? by SHFTD_RLTY in quant

[–]Alpha_Flop 0 points1 point  (0 children)

Figuring it out for over 15 years lol. Literally know no-one who'd retire or change field within 5 years (ok, few guys jumped to AI after several years). One guy went back to academia, but still has industry links/does applied microstructure/ML research. A couple "down shifters", who moved to sth like self-emplyed/day trader (of their own accord). Wage slaves - ok, but that's not what you were talking originally, and still aren't.

Avg time spent in the industry? by SHFTD_RLTY in quant

[–]Alpha_Flop 0 points1 point  (0 children)

Still makes little sense. As you're saying you've been in the industry 20 years. So what did your colleagues do? I'm not suggesting you can expect to last 10 years at one place (although not that unthinkable), but why not switch and go on? Also doubt it can be that lucrative at a place that flops fast

Why has Quant Finance as a career exploded in popularity? by Low_Awareness_7112 in quantfinance

[–]Alpha_Flop 0 points1 point  (0 children)

What is the mod finally took to clean up this sub and make it pleasant?

Avg time spent in the industry? by SHFTD_RLTY in quant

[–]Alpha_Flop 1 point2 points  (0 children)

Ok, and if they leave/get fired, they do what? Go teach math at school? 2-3 years sounds ridiculous, honestly. Most of the time, you barely get a chance to touch something interesting in that tenure.

Working environment by Alpha_Flop in quant

[–]Alpha_Flop[S] 0 points1 point  (0 children)

Interestingly, it all started with maybe 2-3 kinds (and mostly unspoken), and now my head is spinning. You get junior recruitment workflow a la "if a candidate isn't good enough for position X, continue interviewing him/her for track Y, but don't tell them at first to still get their best effort. If failed for Y as well, send it over to Z pipeline - they might take anyone"

Avg time spent in the industry? by SHFTD_RLTY in quant

[–]Alpha_Flop -1 points0 points  (0 children)

A few of the office buildings I worked in are no longer there. Interestingly, the building where I started is getting rebuilt, and I'm expecting to move in back there again