<t>I've done some searching over the web on this, but really couldn't find anything that fully answers my questions.Since the question pertains to a finance job, I am hoping this question could be answered here.I am currently working in front office IT for a bank at 150K a year. In past years includ...

<t>QuoteOriginally posted by: SierpinskyJanitorFair enough capafan2 apologies for my disgruntled reply as well but do avoid those far-fetched generalizations. As a very enthusiastic IT amateur that I am, must tell you that some banks do have mouthwatering technology, absolutely miraculous systems wh...

<t>QuoteOriginally posted by: katastrofa"Some HFT is done in Java but frankly not much and even where the people running the team ask for Java (rarely) they ask for C++ to prove you're "deep" and because they realise that hard programming will be necessary when Java gets pushed far beyond what it is...

Where I work...the bank's focus is on streamlining and automation now.Even the quants are doing IT type work.

<r>Sorry...I posted this in the wrong forum:<URL url="http://www.highfrequencytraders.com/article/798/ultrahighspeed-trading-us-saturation-point-says-tabb"><LINK_TEXT text="http://www.highfrequencytraders.com/art ... -says-tabb">http://www.highfrequencytraders.com/article/798/ultrahighspeed-trading-...

<r><URL url="http://www.highfrequencytraders.com/article/798/ultrahighspeed-trading-us-saturation-point-says-tabb"><LINK_TEXT text="http://www.highfrequencytraders.com/art ... -says-tabb">http://www.highfrequencytraders.com/article/798/ultrahighspeed-trading-us-saturation-point-says-tabb</LINK_TEXT>...

Maybe have a look at lock-free algorithms.I haven't done this (yet), but I know a technologist who developed high frequency / program trading systems - he mentioned this as part of his expertise.

<t>QuoteOriginally posted by: capafan2QuoteOriginally posted by: ithousekeeperWoah...really not that MUCH different from I.T. salaries and bonuses?! Some people here on the forums and elsewhere have been telling me about this, but I didn't really believe it!I wonder if there is a bigger difference w...

Woah...really not that MUCH different from I.T. salaries and bonuses?! Some people here on the forums and elsewhere have been telling me about this, but I didn't really believe it!I wonder if there is a bigger difference with the U.S. salaries?

Alot of them want to do trading with their degree. Do you really need a MFE / MSCF to do this nowadays?Another surprising thing...some of these folks already have a Phd. Why are they doing this program?

<t>I know someone who started off at front office as a trader, but chose to move to back office -> technology and operations.I asked him why he would move from front office to back office, since most people want to go the other way. He answered frankly...that he hated the attitudes and actually foun...

<t>Our system constructs a volatility surface using ATM caplet and swaption vols. At the end of the trading day, our system also saves the closing ATM caplet and swaption vols for risk processing.Can someone tell me why ATM vols are important? Who do traders not care so much about out-of-the money v...

<t>QuoteOriginally posted by: mrmisterNothing makes your life more miserable than moving from actual technology firms on the west coast to finance IT, be it "front-office" or "back-office". Now, we will wait to hear from twofish about why it is glorious and spectacular to be a code monkey in finance...

<t>I'm looking for advice on taking the CQF for independents / consultants.I have 9 years experience in developing Java software / systems and technology. Seven of those nine years have been working at information technology (IT) in banks. Currently, I'm working in front office technology in one of ...