<t>Financial software sounds a bit broad and vague.For pricing of derivatives and risk, Numerix pretty well known. Like DCFC says, if your organization is big enough for it to make sense, people prefer to develop their own systems. Big enough to make sense is not even all that big.DCFC: Are you sayi...

<t>QuoteOriginally posted by: FermionI worried about this for a bit. What about a known distribution that has infinite moments -- such as a Cauchy distribution? (My statistics textbook says that even the mean does not exist for a Cauchy distribution because the tails have too much probability -- eve...

Your point is valid but your example is off.You don't usually get to invest in a million i.i.d. investment opportunities at the same time.

<t>In my experience, the current news do not usually come up in interviews. That is to say, again in my limited experience, there is no direct advantage in being current in terms of passing technical interviews. Moreover, it seems that there are plenty of working quants who are not really keeping up...

In what context are you using this ?

<t>1) is true if the variables are _jointly_ normal.All the others are false in general, although they may in some special cases be true in either an exact or an approximate sense.For instance, if the variables are independent and the coefficients are similar in size then 2) is true for large n by t...

Why don't you first get a job and then move to the city where the job happens to be ?Susquehanna is in Philadelphia. Maybe you should start by applying there ?

Is your job in Frankfurt or London/NYC ?It is good to realize right away that no position is "secure".

<t>QuoteOriginally posted by: farmerI would have an impossible time finding something good to do with $10 within a mile around my house. Where do you live ? Around where I live, all it would take is to leave the house and hand the $10 to the next homeless person.The task would be easier still in a d...

<t>QuoteOriginally posted by: Redox33Would it be technically impossible to valuate options using real (physical) probabilities ? Or would it be just too difficult to find the appropriate discount rate in that case? This is exactly what the risk neutral distribution is. The RN distribution is the rea...

Paul,It seems to me that in the credit market, people basically skipped steps 1-3 and went straight for 4. Of course this was very quickly followed by 5 and then by 6 which we would do better not to bring up.In any case, do you agree with my statement that they skipped 1-3 ?

Seems pretty reasonable. Keep in mind that if the job is good you will be working at least 60 hour weeks.Quoting the salary in terms of an hourly rate is a negative signal, however.

How about algo trader -> structurer ?

<t>QuoteOriginally posted by: CommOddityvI have both chess an poker in my cv....i guess it's dangerous because you could always find some HR person which confuses poker with gambling (I don't like gambling) but can also find someone who shares your interest....well, if you read Aaron book you should...

Ahh, it seems that you have found a way to make limitless profits. Simply get a prediction from the strategy that you described and then do the exact opposite.