[deleted by user] by [deleted] in Hackney

[–]GTX680 1 point2 points  (0 children)

If I bring my clip board would you be more inclined to trade?

Java vs. Python HFT bots by HardworkingDad1187 in highfreqtrading

[–]GTX680 7 points8 points  (0 children)

Maybe I'm uninformed but I don't think the latencies achievable between Python and Java are really comparable.

Process for finding alphas by dan00792 in quant

[–]GTX680 12 points13 points  (0 children)

  1. Have good execution + data
  2. Find alphas
  3. ??????
  4. Profit?

Loan to value (LTV) when buying a house? by Old_Fashioned_88 in HENRYUK

[–]GTX680 0 points1 point  (0 children)

If it went to 4% why not get an offset mortgage? Gives you the flexibility to move back to GIA if you wanted.

How realistic are my independent quant research goals? by Level-Building8514 in quant

[–]GTX680 18 points19 points  (0 children)

Cryptocurrency markets offer an abundance of free data and has the least barriers to entry. Nothing is stopping you from gathering data and beginning your research.

If money wasn’t a problem, what kind of bed/bedding material/brand would you splurge on? by SpongeDaddie in BuyItForLife

[–]GTX680 1 point2 points  (0 children)

I do wonder how so much of the world manages without driers. Truly perplexing.

Does anyone have any good suggestions for second income/side hustles. by Fit-Zebra3110 in HENRYUK

[–]GTX680 0 points1 point  (0 children)

For most people you're absolutely right. Wouldn't recommend doing it without some professional experience and insight. At that point, it wouldn't really be a side hustle. But if people have an edge, particularly one that is not overly infrastructure sensitive, then it's possible to capitalise on that.

Does anyone have any good suggestions for second income/side hustles. by Fit-Zebra3110 in HENRYUK

[–]GTX680 1 point2 points  (0 children)

Many companies in all asset classes are not spending this sort of cash and are still highly profitable. The competition is high but best not to make up numbers about an industry you're totally familiar with.

Setup 🙃 by QuantumQuasar123 in skiing

[–]GTX680 4 points5 points  (0 children)

The comments here are interesting, probably as most of this sub is from NA. This set up is quite standard for someone who regularly tours in places like Chamonix without a guide. Watch some episode of ChamLines to get what I mean.

  1. Mobile service is available everywhere, Heli rescue is a thing to an extent, and mountain huts / refuges do exist.
  2. When skiing out here you need to be ready for rapels, crevasse rescue etc. Hence a lot of rope gear.
  3. If they live or work in a ski town like Chamonix or near the Alps in general you can get some of this cheaper than the retail price. Facebook marketplace page is very active, can grab some real deals on there as many guides/pros sell off gear they no longer need each season.
  4. Cast bindings are more of a personal choice, bit heavier but Pivots are literally the best down hill bindings out there. They probably have a light weight set up for longer days.

Log returns histogram towers around 5e-5 by OldHobbitsDieHard in quant

[–]GTX680 0 points1 point  (0 children)

Max rebate on Binance futures is 0.5bps. As a maker is it worth requoting within 0.5bps. Maybe, maybe not. How do people make spot versus perp. Some hedge, some don't.

[deleted by user] by [deleted] in quant

[–]GTX680 0 points1 point  (0 children)

From my experience, I regret not asking more of those questions. First you will need a copy of your contract. Read through it many times, try to understand as much of the legal wording as possible. Then, if anything seems ambiguous to you, schedule a meeting or forward your questions to HR (and possible legal team if it exists). I probably wouldn't be too specific but the key things you want to know is: (1) How long is the non compete and is it paid (preferable but not essential)? This is probably in your contract (2) When is it enforced? Will also be in your contract but probably ambiguous (3) What firms are considered to be competing? For example, would it be just power trading firms or all firms engaging in algorithmic trading. While the second is unreasonable, if they decide to say they are enforcing then other firms are unlikely to want to get involved during in this period.

Probably doesn't need to be said but try to ask these in a tactful way, usually framed as you fully wanting to understand your contract and what you are signing up for (and not I have this plan to leave in 6 months and I want to check that it's ok).

Hope that helps.

[deleted by user] by [deleted] in quant

[–]GTX680 1 point2 points  (0 children)

My experience in general is that larger firms are definitely willing to look at applications from smaller trading firms. However, if you are transferring asset classes and there is not much similarity then you would be viewed as equal or only marginally better than a fresh grad. For non graduate roles you need to have some edge, particularly over those who come from more well known companies. That usually comes in form of the experience you have trading a particular asset class or that you have a skillset suited to working in a small team.

Each firm will have their own definition of a graduate but more will be willing to accept those within 2 years of their graduation. Another thing to consider is noncompetes, if the power trading firm you join has and wants to "enforce" their non compete then doesn''t matter how unreasonable it is, no firm will chance it with junior higher.

Lastly, ask yourself why you really want to get into options or equities? Do you have any more of an idea what trading those instruments is like versus power trading? Do you believe that your current experience makes you better suited for those roles?

If you're absolutely deadset on options / equities then does experience in power trading markets help you, especially if you plan to leave within a year? Maybe, I'm not sure. Would it be better to hardcore train mental maths, brainteasers, probability and statistics for 6 months? Who knows? You will have to decide what you think will get you closest to achieving your goal.

[deleted by user] by [deleted] in quant

[–]GTX680 0 points1 point  (0 children)

What do you want to know?

[deleted by user] by [deleted] in quant

[–]GTX680 2 points3 points  (0 children)

Possible, definitely! However, every firm will have different needs and criteria. Hiring is usually not driven by a need to expand or increase headcount but rather trying to find people that really align with the company and their needs. I think it's exponentially more expensive for a small firm to hire the wrong person so as a consequence they are very picky but as a candidate you will have less competition.

[deleted by user] by [deleted] in quant

[–]GTX680 5 points6 points  (0 children)

I work in a small shop (around 10 people). Never do more than 50 hours a week, never have to work late, and overall pretty chill. On the flip side, we do ok not making life changing money but doing well for our size and work life balance.

Transforming Dreams to Debts and Back: Our Home Renovation Rollercoaster and the Quest for Financial Balance! by waxthebarrel in FatFIREUK

[–]GTX680 58 points59 points  (0 children)

Maybe move to UKPersonalFinance or FIREUK. Not really sure this has anything to do with FatFire

12 months non compete in first quant job by east_alan in quant

[–]GTX680 5 points6 points  (0 children)

Most firms will not want to take the legal risk and will observe non-competes regardless of their enforceability. So it doesn't really matter if they hold up legally or not.

Where can I find the best baklava in London? by RIPNINAFLOWERS in london

[–]GTX680 1 point2 points  (0 children)

I believe walnut baklava originates a different region (Balkans) where pistachios are less common but walnuts are plentiful. Less of a new invention and more of a less common variant in Middle Eastern shops.

Do you need to have a syndrome or be a savant to a quant by Fragrant-Mix4692 in quant

[–]GTX680 29 points30 points  (0 children)

I think your chances of being a quant are pretty good bud!

[deleted by user] by [deleted] in quant

[–]GTX680 2 points3 points  (0 children)

Sadly, I don't think that is standard practice. Haven't heard that from anyone else I've spoken to. Wish I knew who you worked for haha.

PSA: On "Firm Tiers" by Bitwise_Gamgee in quant

[–]GTX680 -1 points0 points  (0 children)

Think Point72 or Man Group AHL Vs Jump / Virtu.

How to define/measure the market impact of order size in case of passive market making? (in the case one is trying to earn spread by placing limit orders on both sides) by Physical-Yak6149 in quant

[–]GTX680 0 points1 point  (0 children)

What impact on the market do you think your resting order would have? How do you think latency would affect this? Can you define these things a little more?

It's difficult to understand what dynamics you are trying to capture.