let's say firms you have either worked for or have friends working for them, not firms you trade with necessarily.

<t>concerning the technical market part, be careful. you will come to find technical heavens, and you will find that arbitrage opportunities can't be spotted with just models, you need them to trade properly, and you better know them well, but because an inefficient market is most of the time ineffi...

it's no problem for rankings. after all if nobody knows it (apart from citadel) one of the reasons can be they are small in terms of personel, which probably means the probablity of you working for them is already small in the first place, so you have to tolerate non exhaustivity.

agreed but he doesn't need a job!so, what about your vote?

come on reza, even in small firms in paris we know about citadel

Do they really need to other than for personal purposes? after all they are only using a very complicated interpolating function for trading purposes

oops, sent the message twice, sorry.

aaron: i agree with you, it is already a minor branch of derivatives desks in sheer number of person employed. plus the market value of outstanding cb's is a small fraction of the equity market's.

let's do this the other way around, make a ranking of one to three firms whose activities you know very well in your business, and who, in your opinion, are good firms to work for, and see who ranks last. I'll start with UBS, in equity derivatives. your turns !

<t>I own it it's a very good introduction to garch ( and also many other topics, such as econometrics in gemeral), and probably enough for you to create an excel spreadsheet implementing a GARCH(1,1) with gaussian likelihood. It will not really take you to the conditional CAPM so beware. Very simple...

i'm waiting for you to send it!

<t>my personal impression is that when a cb is close to default, the main problem becomes a liquidity problem that governs the default valuation problem. In a way the answer we are looking for is "how long can you afford to wait or how long will it take to know what the actual answer to the breakup ...

Yeah but the food is better here! (just kidding)

<t>Sorry numbersix, but since you started a different thread, I wasn't able to see you had answered. I just found out! You got it wrong, it's not to you as a software maker I was referring. I'm even sure you read correctly "WE" in the last sentence, which means I'm concerned about "OUR" attitudes as...

<t>I don't know reza, since we are in a career change thread, I'd advise you to stay where you are, not that I wouldn't like to work with somebody very brilliant and technically minded, but it's just that the salaries are much lower here, so I'm not sure you'd be happy moving back. Besides, it looks...