<t>QuoteOriginally posted by: losemindAre they a pure IT technology group in the back office? What are the organizations about Quant/Sales/Trading in Morgan Stanley?Thank you!It's a very diverse group, all the way from back-office database architects to Fixed Income quantitative modelers. It's not f...

<t>November 23, 2008 Kiyoshi Ito, a mathematician whose innovative models of random motion are used today in fields as diverse as finance and biology, died Nov. 17 at a hospital in Kyoto, Japan. He was 93.His death was confirmed by his daughter, Junko Ito.Mr. Ito is known for his contributions to pr...

Listen, in this market there is NO shame of getting laid off. My friend in GS said 25% of VPs in several deparments got the ax just a couple of months ago and they are not done. So who is exactly safe nowadays? No one.

Recall of Chinese Quants on my desk caused quality issues in the portoflio.Just kidding, ok?

<t>QuoteOriginally posted by: YuraQuoteOriginally posted by: cougar91Well after debating about this in my head, I decided to try the HH route and got myself an interview at Goldman Sachs (Prime Brokerage Division) next Monday... not sure if I submit my resume directly it would have worked as well as...

<t>Well after debating about this in my head, I decided to try the HH route and got myself an interview at Goldman Sachs (Prime Brokerage Division) next Monday... not sure if I submit my resume directly it would have worked as well as my HH said he "talked me up there". I guess there is a point to b...

<t>DCFC,Hmmm I would think a firm like GS which doled out $16B for salary & bonus this month wouldn't care too much if they save $50K on a headcount hire... you saying they do care and that if two candidates are roughly equal but one comes from a HH and one comes from direct submission the direc...

<t>I almost submitted my resume directly to a few banks like GS and LB (either thru some friends already working inside or thru their website), but then some HH guy called me saying that he works with both firms and wanted to talk to me about some opennings there. Inevitably among the first question...

<t>Currently I work at a bulge-bracket IB in mid-town Manhattan, NYC and want to shop my resume around. Two ways of doing this: via HH or do it myself by going to one of the competitor IB's website, follow the career link and submit your resume there. Two ways to think about this: 1) IBs prefer usin...

<t>>What data are you using?You mean what kind of RNG am I using? It's Boost MT. I got both of your point about non-linearality of the hedge parameters, thus I shall re-program it to consider both ends and see how that turns out.Another question: I read somewhere that a good MC simulator should conv...

<t>Hi,I am writing a C++ program for MC simulation and don't seem to be able to get my gamma right. I got the price and delta, but the gamma is way off. Can someone tell me what I am doing wrong? Basically for delta I multiply the spot price by 1.01 and for gamma by 1.02. .......... newspot = spot*e...

<r>I am not that familiar w/ CT rates as I live in NJ and work in NY, but here is a good link:<URL url="http://swz.salary.com/salarywizard/layouthtmls/swzl_statetaxrate_CT.html#taxrateI"><LINK_TEXT text="http://swz.salary.com/salarywizard/layo ... l#taxrateI">http://swz.salary.com/salarywizard/layou...

<t>Correlation trading happens all the time. Example: pairs trading, or even convertible arb can be considered correlation trading (long convert and short equity as there is a positive correlation between the two, *usually*). The thing to keep in mind is what Wilmott said in his book: "Correlation i...

<t>Yes you do have to pay the higher of the 2 taxes. Here is the general rule of thumb: if you live in state/locality A and work in state/locality B, and A has higher tax than B, then you pay B first and pay the difference to A. If A has lower tax than B then you pay B first and take a credit on A, ...

<t>I just finished browsing the book "An Arbitrage Guide to Financial Markets" by Robert Dubil and in it he listed several "common" IR arb strategies used on trading desks (some of which are briefly outlined below). I just wonder how common they really are as "common" usually means little or no arb ...