<t>QuoteOriginally posted by: nov1ceI was contacted for a phone interview like this morning after they finally responded after about 3 months. They are massively laying off eople in asia and I was contacted for a college grad role in interest rate derivatives in hongkong. They haven't cancelled yet ...

<t>QuoteOriginally posted by: barnyI agree with the above poster, I have two friends who recently graduated from Mech Eng, and currently live with an EEE student. All of them absolute hate Engineering with a passion, they couldn't/can't wait for their degree to end. The two who have graduated now ha...

<t>puzzle,I do not know what Euro swaps are, but there could be a number of reasons this is the case. (1) I might guess actual volatility will be lower in the future for a number of fundamental reasons(2) Liquidity in the underlying could be limited, thus a trader long volatility (straddles, whateve...

<t>Disclaimer: I have not worked in the credit space since 2005.Though it may be off topic, why do we even need rating agencies? Why can't we rate debt by the market's perception of its risks? I find it incredibly difficult to believe that any party not involved with the actual investment in credit ...

SIG is good. I have not worked there, but I interviewed there a while ago and was impressed. I sometimes deeply regret not taking that job.You get to work with sharp, intelligent people, the company is lax in terms of work environment, there are great benefits and you have no clients.

No offense, but are people seriously still looking for jobs in finance?

Well, pricing is one challenge, but how about hedging? Forgetting illiquidity for a minute, do you trust the greeks from the margrabe formula? If not, what do you do?

<t>QuoteOriginally posted by: TraderJoeQuoteOriginally posted by: dboney1I recently read "The (Mis) Behavior of Markets" by Mandelbrot and Hudson. Mandelbrot's thesis is that the financial prices have conditional dependence across multiple time scale. He further discusses the shortcomings of pricing...

<t>QuoteOriginally posted by: YuraWhy did such an interesting thread die? I'd be interested to hear what Paul thinks a good investment (strategy) is right now. He didn't tell us yet, did he? DCFC?I think buying distressed debt is a good business right now. For example, CMBS spreads are way to wide f...

<t>QuoteOriginally posted by: commoquantI totally disagree with jd1123.Spread Option is the worst method to price a storage as it does not take into account the dynamicity of the problem. The only good idea is to be able to statically replicate your portfolio with american spread options that you ca...

<t>QuoteOriginally posted by: TraderJoeSo that's where all our quant models are going wrong. They're assuming a rational market. Time to read the prisoner's dilemma again!That was the toughest part of transitioning from RM to trading. You see a lot of stuff in the market that just doesn't make sense...

<t>QuoteOriginally posted by: Pauljd1123, RM only looks like pooping on traders' parties because of the structure of compensation. If it was your own money then you would see things differenty, perhaps as I do, I treat RM at the same level as portfolio construction, pricing, etc. All part of the one...

<t>Hello rafaelvivo,Apologies if my comments are naive or uninformed, as they are probably both. I used to do a bit of valuation of gas storage. Typically, I used a variety of approaches, but none were really very "good" in my opinion. A company called Finance Engineering Associates has a software p...

The point of risk management is to poop on the traders' parties.JK

Are you serious RiskCapital? Anyone who says they know is either (1) lying, (2) passing along material, non-public information, or (3) talking their book.