QuoteOriginally posted by: flashCrashQuoteOriginally posted by: ashkarBy his definition of 'FO quant' I think he is referring to desk jockies in the quant team. when you say, desk jockies in the quant team, kind of implies there is a team of 6 FO quants say 22 traders, in the 6 quants there are 1-2 C++ desk jockies. So there is a FO quant team, not all do c++ so much, say the front office quant structurer and the front office quant manager and two other random dudes who are somehow front office quants but dont fix C++ code.The typical setup would be that in every trading/structuring team, you will find a few guys doing spreadsheet and implementation work and working closely with the traders and structurers hoping to move to a FO position or learn trading strategies (although this is disappearing in IBs as the prop trading teams have been moved to the asset management part).The tools they would use are produced by another quant team which would have 1 team per line of products (interest rates, credit, ... etc). These are commonly called library or core quants and quant devs.Your definition of FO quant is what other people here would call a desk quant and corresponds to the first team which sits with traders and structurers.
Last edited by bluetrin
on March 24th, 2013, 11:00 pm, edited 1 time in total.