JP Morgan vs Credit Suisse

happyrain · October 1st, 2007, 1:29 pm

equity quant. Thanks.

Apprentice · October 1st, 2007, 3:13 pm

Credit Suisse: RQA or GMAG ?JPM: QR or IT Quant?

saimqn · October 1st, 2007, 9:33 pm

Can anyone explain the difference between RQA and GMAG at CS?And in general, is there an official guide to what "Analytics", "Research" or "Strategy" means at different banks? There seems to be very little correlation.

martinlukerbrown · October 3rd, 2007, 9:44 am

From what I remember GMAG is an model implementation group, then there's GMAG IT (part of derivatives IT) that looks after rolling the software out maintaining the grid etc. However I left 2 years ago so thing's might of changed.

happyrain · October 3rd, 2007, 11:03 am

So you mean the GMAG is not the real quant, only implementation?

martinlukerbrown · October 3rd, 2007, 5:48 pm

If you mean a real quant is a person who developes new models for traders to price new instruments types then yes they do that. But remember they also have to support the models they have already developed and fix any problems.M

happyrain · October 4th, 2007, 7:25 am

Then what's the difference between RQA or GMAG at Credit Suisse?

StephenLi · October 4th, 2007, 9:10 am

QuoteOriginally posted by: happyrainThen what's the difference between RQA or GMAG at Credit Suisse?My apologies, my previous post contains mistakes. Please refer to the following link for details.http://www.cis.upenn.edu/grad/documents ... uisse1.pdf

saimqn · October 4th, 2007, 4:41 pm

I see. That is what I thought of GMAG beforehad as well. Kind of like the "Quantitative Research" group at JPM. Actual quants + programmers.However, as for RQA, I was kind of left with the impression that they are closer to the traders and are almost traders themselves - doing data analysis, devising trading strategies, spotting market opportunities and doing algorithmic/black box trading. The way you describe it is far less glamorous.

gentinex · October 5th, 2007, 2:51 pm

Although "risk" usually does mean mid-office-type positions, I don't think StephenLi is right in this case, at least based on the descriptions that Credit Suisse gives. The RQA people do seem to be working closer to the traders, and it seems that the program is designed to train them to be traders after a few years of rotations.

StephenLi · October 5th, 2007, 2:56 pm

QuoteOriginally posted by: gentinexAlthough "risk" usually does mean mid-office-type positions, I don't think StephenLi is right in this case, at least based on the descriptions that Credit Suisse gives. The RQA people do seem to be working closer to the traders, and it seems that the program is designed to train them to be traders after a few years of rotations.Yeah you are right, my previous post was based on messaegs from someone else. I just found the official link below.