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by YldTarn
May 7th, 2009, 4:11 pm
Forum: Careers Forum
Topic: Question about career at Goldman Sachs
Replies: 18
Views: 47438

Question about career at Goldman Sachs

martingalebuster, i hope you can stop fucking misleading ppl on this forum. r u really a guy who ever ever woked in front office?
by YldTarn
October 30th, 2007, 10:13 am
Forum: Careers Forum
Topic: How to become a trader
Replies: 30
Views: 72900

How to become a trader

<t>QuoteOriginally posted by: StatTraderQuoteOriginally posted by: YldTarnThis is totally bullshittough to hear if you've spend years and countless dollars studying, but true.I've been working on IR exotic desk for quite a while and never see any product control guys who can make this move. Exotic r...
by YldTarn
October 30th, 2007, 9:33 am
Forum: Careers Forum
Topic: How to become a trader
Replies: 30
Views: 72900

How to become a trader

This is totally bullshit
by YldTarn
October 12th, 2007, 4:52 pm
Forum: Technical Forum
Topic: Choose numerarie for CMS Spread
Replies: 3
Views: 64537

Choose numerarie for CMS Spread

Why do you prefer forward measure to risk-neutral measure?
by YldTarn
October 12th, 2007, 12:55 pm
Forum: Technical Forum
Topic: Choose numerarie for CMS Spread
Replies: 3
Views: 64537

Choose numerarie for CMS Spread

Hi guys,Assume we use Hull-White or BGM model. Is there some numerarie under which the CMS Spread follows normal distribution?
by YldTarn
October 6th, 2007, 4:46 pm
Forum: Careers Forum
Topic: Vanilla IRS trader vs. Exotic Market risk
Replies: 5
Views: 65909

Vanilla IRS trader vs. Exotic Market risk

I don't agree. For example, exotic rates product has particular exposure to auto-correlation, which you need understand. Cross-currency stuff requires more understanding of the correlation between two curves. Not that easy, dude!
by YldTarn
October 3rd, 2007, 11:12 am
Forum: Careers Forum
Topic: Can someone tell me the truth - unrespected quants
Replies: 32
Views: 69170

Can someone tell me the truth - unrespected quants

But i feel it's more of flow things. For exotic products, you really can't trade without the quants' models. No price and no hedge.
by YldTarn
October 1st, 2007, 9:49 am
Forum: Careers Forum
Topic: Can someone tell me the truth - unrespected quants
Replies: 32
Views: 69170

Can someone tell me the truth - unrespected quants

But to be honest, my feeling is that we are generating profits - by writing the models that can give a price, hedging strategies and risk. Without these, no trade can be done any more. Am i wrong?
by YldTarn
October 1st, 2007, 9:14 am
Forum: Careers Forum
Topic: Can someone tell me the truth - unrespected quants
Replies: 32
Views: 69170

Can someone tell me the truth - unrespected quants

<t>I have been working on the exotic rates desk at a top-tier bank as a quant for a few months and my general feeling is that quants are worst respected in the bank compared with traders, structurers and salespeople (maybe just a little better than middel office). I am wondering if this is the case ...