In your opinion, what are the most promising areas (i.e those likely to expand, to innovate, to recruit, etc...) in market finance for the coming ten years ?

Selling extremely expensive courses to people who want to become Quants.

QuoteOriginally posted by: ShermanIn your opinion, what are the most promising areas (i.e those likely to expand, to innovate, to recruit, etc...) in market finance for the coming ten years ?Applying quantitative finance techniques to emerging markets, namely the BRIC countries.

I would say its more to do with Correlation derivatives . Dont mistake this to be just Credit correl. It can be anything to do with correlation between Currency Pairs. Correlation between a rate and a Ccy. Understanding correlation and how it might affect a product or a market could be the future. Also most trading books just sit on correlation . There is not way you could hedge correlation in the market through a tradeable asset ( or rather to put it in a better way , it is too expensive to do so ) and therefore correlation positions on IR/ Long dated FX books tend to stay stuck. If someone comes up with an optimal way to do so I think there could be a massive boom in this area... My humble 2 cents..