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flashCrash
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do FO desk quants exist in the sense of...

March 22nd, 2013, 10:01 am

I'm probably naive and uninformed, but here goes anyway.would this definition be correct?FO QUANT DEFINITION: Phd's in math/physics/engineering with strong c++ skills who sits on trading floors of big banks fixing broken c++ code for traders who use it in excel spreadsheets? I just wondered if FO quants still exist in London?
 
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Gamal
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do FO desk quants exist in the sense of...

March 22nd, 2013, 10:42 am

Bitterness? Yes, they exist and do not that bad.
 
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flashCrash
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do FO desk quants exist in the sense of...

March 22nd, 2013, 10:52 am

QuoteOriginally posted by: Gamal Bitterness? Bitterness? Who me?QuoteOriginally posted by: Gamal Yes, they exist So they exist in the sense of my definition? Do they actually do Stochastic calculus as well?QuoteOriginally posted by: Gamal .. and do not that bad.and do not that bad? are you referring to their pay?
 
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Gamal
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do FO desk quants exist in the sense of...

March 22nd, 2013, 11:11 am

There's less compensation and more competition, the rest remains more or less the same.
 
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flashCrash
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do FO desk quants exist in the sense of...

March 22nd, 2013, 11:19 am

QuoteOriginally posted by: GamalThere's less compensation and more competition, the rest remains more or less the same.and most of the guys have Phd's in math/physics/engineering? with strong c++ skills? Would this perception be correct?
 
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Gamal
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do FO desk quants exist in the sense of...

March 22nd, 2013, 11:30 am

Many, not most. It's almost impossible to get a quant job without strong C++ (it was not much different before 2008) but if you are there and show yourself more useful in some other activity, you may have very little to do with programming.I think these strong requirements are related to the competition - there are more quants than quant positions. If the competition was even stronger, they would ask you if you can skate for instance.
 
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flashCrash
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do FO desk quants exist in the sense of...

March 22nd, 2013, 12:28 pm

Do all the big banks in London have trading floors with FO desk quants?Mayor Banks in LondonTotal trading floors across all = 60 ?Guys per floor = 30 ?FO desk quants per floor 4 ?so 240 FO desk quants across the major banks in London.would that sound about right?Hence competition is fierce?
 
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Gamal
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do FO desk quants exist in the sense of...

March 22nd, 2013, 12:43 pm

Sorry dude, I don't know all the numbers.
 
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flashCrash
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do FO desk quants exist in the sense of...

March 22nd, 2013, 12:49 pm

so theres about 250 FO desk quants in London. and about 100 of them have Phd's.
 
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flashCrash
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do FO desk quants exist in the sense of...

March 22nd, 2013, 12:50 pm

FO desk quant is the highest ranking quant position on the sell side?
 
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Gamal
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do FO desk quants exist in the sense of...

March 22nd, 2013, 2:09 pm

I've never heard about rankings of quant positions. I would suggest you reading this first.
 
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flashCrash
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do FO desk quants exist in the sense of...

March 22nd, 2013, 2:36 pm

yes, but how many FO desk quant positions aat major banks in London are we talking about, what say 200 or 400 or 600? Any random stabs in the dark?
 
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Gamal
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do FO desk quants exist in the sense of...

March 22nd, 2013, 3:03 pm

Didn't anyone tell you that a contribution to a conversation consisting only of questions isn't polite?
 
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ashkar
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do FO desk quants exist in the sense of...

March 22nd, 2013, 3:20 pm

200
 
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DevonFangs
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do FO desk quants exist in the sense of...

March 24th, 2013, 7:23 pm

QuoteOriginally posted by: ashkar200Maybe something more? Off the top of my head I would say there are at least 50 where I work, and it's only one of the big banks.
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