#quants-n-traders

1 messages · Page 20 of 1

stoic willow
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Any modern CPP book recommendations?

rose holly
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tf lol 🤨

nocturne estuary
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people really didn't get enough love from their parents wow

rose holly
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im not saying theyre bad roles

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whats wrong with wanting a more specific title

nocturne estuary
#

im on left you're on right at the moment

lost leaf
rose holly
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im cool w that tbh lmfaooo

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yall haters

nocturne estuary
#

more specific sucks for linkedin relevance

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i dont care what my title is im putting swe for reach

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i don't even know what my official title is

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all faang really is similar

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all big tech is similar

rose holly
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similar but i still dont agree meta = g = zon

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idc

nocturne estuary
#

i agree with chae here

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i would say similarly for quant firms too probably

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day 2 day is not meaningfully different to care about prestige

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probably

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understandable but mentorship at "bad firm" vs top firm with bad culture?

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bad as low top tier like a 2s or im or something

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oh yeah fore sure

rose holly
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dw cooldown is only a year

nocturne estuary
#

what happened to our good friend

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core dev = internal app IT support

lost leaf
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is this cope from no ro

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good for resume pad

scenic bison
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I only want to intern for the rezzy

lost leaf
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google is top tier resume pad

scenic bison
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Two sigma the goal no cap

nocturne estuary
#

2s2s2s2s2s2s2s2s2s2s2s2s2s2s2s2s2s

scenic bison
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2s new grad or bust

lost leaf
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mentorship is a skill issue, simply consume a local principal. raw works better

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liver kings dont cook

rose holly
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does 2s still have that 5 day in person policy

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stfu lmao

lost leaf
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absolutely based, i forgot that server was a thing @rose holly

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sun trading is such a bad name

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im sure he also misses when he had teeth

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and working joints

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and no back pain

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👴

nocturne estuary
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like imperial japan

broken thorn
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new one is better ino

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imo

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minimalist as fuck

hasty hill
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Bro this looks like sun god worship

broken thorn
gentle meadow
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plz tell me

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this isn't true

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ok when i get the js offer, it will still look sexy Pog

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jk jk struggle

gentle meadow
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I can refer u after I get rejected thanos

cyan sparrow
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Anyone know if cit cooldown is real

nocturne estuary
#

How would we know

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Like if someone worked as an HR engineer at citadel and coded the if last_application < 1 year then wait

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I am pretty sure it is real as well

runic grotto
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Is the CD for interview failing or also resume screen?

broken thorn
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if its under a year apart thats basically applying to the same job twice

nocturne estuary
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Yeah citadel cool down is a year pretty sure

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That’s the phrase that gets thrown around

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Something like that I dunno

signal charm
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has anyone recently heard back from Citadel Amplify Trading Challenge?

floral locust
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Hrt 6 month cooldown

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Apply twice same szn 😎

rose holly
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stop

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it was last summer

rose holly
signal charm
rose holly
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its been a while

signal charm
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someone viewed my profile from cit recently

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so confused whether they still viewing apps or not

rose holly
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they came out early last week

signal charm
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so thought they were not part of the normal applicants pool

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ig it's another rejection then😏

quasi orbit
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Doesn’t citadel always hire

royal forge
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T40, 4.0, faang and quant on resume

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Cit hates me

rose holly
limpid nacelle
cyan sparrow
royal forge
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Definitely

cyan sparrow
quasi orbit
# cyan sparrow

my fetus can crack leetcode. I am not sure he needs to be born

rapid mango
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dude imagine you just make a career of doing job interviews just to leak them haha

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My bad, I wasn't talking about you specifically

quasi orbit
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arent u the guy who got rentech

rapid mango
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I was thinking theoretically I wouldn't be surprised if someone makes a little hobby out of doing as many tech interviews as possible

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then leaking for clout and or personal profit

quasi orbit
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? why are you deleting messages

rapid mango
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he thought i was coming for him

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he also needs to hide his tracks in cuba

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the fbi wants him

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lol

signal charm
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which event? amplify trading challenge?

runic grotto
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Wdym by data analysis?

quasi orbit
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system design?

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there was coding involved

formal harbor
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does it make you any more competitive double majoring in applied math w/ cs or is it a waste of time you could be investing in recruiting

lost leaf
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waste of time PepeLaugh

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stop trying to become a quant and do a pure math phd instead

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buy a cabin in the woods

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I go to university of new mexico, cramer school of finance

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my advisor is jimothy cramerton

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what is ren tec? quant @ mad money prayge

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i despise that they modernized the site. ruins the image

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old one was so perfect madge

final forge
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security yes, how well they are paid, absolutely no fucking idea

broken thorn
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it has css now

quasi orbit
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Has to be paid a lot right

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Otherwise HRT will just hack JS codebase

hasty hill
obtuse flame
tulip sapphire
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Lol the hardest company is complete cap, also keep in mind that cuckster and dos_sigmas can be the same person

fast gazelle
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rentech is around akuna tc I heard

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@rose holly can confirm

tulip sapphire
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Doesn’t make sense to post since individual salaries are personally identifiable

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Checks out for base

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NYC transparency law is p helpful though

hasty hill
fast gazelle
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@hasty hill can I get mod role

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I like the color

hasty hill
broken thorn
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pay isnt crazy but u have the added perk of being allowed to invest in their fund

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double it and give it to the next person

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breathe c++

fast gazelle
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yep

broken thorn
fast gazelle
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you basically have to know every feature of c++

broken thorn
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know every new feature from every new version of c,++

fast gazelle
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I wonder if bjarne would pass

broken thorn
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interview is like "what feature was added in c++17 that fixed xyz, how would you implement it in c++14 if u had to

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i dont know shit but vibes point toward optiver or sig

fast gazelle
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most are pretty attainable for swe

hasty hill
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Stupidly cracked or intelligently scuffed

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Pick one

fast gazelle
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stupidly scuffed

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good

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more money for me

hasty hill
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2sigma is literally easiest interview in industry

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If u cant pass ur not enough of a sigma

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Gotta be sigma twice

fast gazelle
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IMC is easiest I think

broken thorn
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can i have a two sigms interview pls

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i beg

fast gazelle
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IMC is same question every year

broken thorn
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sigma balls

broken thorn
hasty hill
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IMC stands for

I
Must
(Be)
Cracked

fast gazelle
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dm me for js, hrt, rentech, IMC, sig, optiver, akuna interview questions

hasty hill
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@broken thorn IBDW new name shoulda been IBDC
I be doin crack

fast gazelle
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bc they’re Dutch idk

broken thorn
scenic bison
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pbj acting like he isnt getting interviews from every firm with his offer

limpid nacelle
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Mr yahkub spending time to help others gladge

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Try harder next time

scenic bison
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nah the intern ik got interviews from those top firms that make you question if thats even a real company

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to beeee fairrrr he also did go to t5 but youre probably still chillin your school is also quite up there

limpid nacelle
royal forge
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pretty sure that isn't true

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nobody here knows anyone working at rentech 😂

long raft
trim ravine
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it's just that most of the allure of working at Rentech is being able to use the Medallion Fund

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which has consistently good returns

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but without Medallion Fund comp won't beat your HRT/JS'es I'd reckon

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then again nobody really knows 🤷‍♂️

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this is also not true, there's people on LinkedIn with just bachelors there (albeit they went to HYPSMs)

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I've heard of 18-round interview loops for non-PhD holders though KEKW

lost leaf
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thats not tc

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thats only base lol

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they have had their base up on their website for a while now

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im sure the bonus + medallion absolutely eclipses the base, but yeah its probably not as mythical as people say copium copium copium copium

rose holly
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can you delete your account

dawn frigate
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hello

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i missed my big quant interviews (hrt, sig, imc, optiver)

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think sig blacklisted me after a bad phone screen

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what to do now wazowski_standing wazowski_standing

royal forge
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i just looked at 5 ppl and none of them had phd

trim ravine
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this is from one guy in the csmajors discord

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I can't confirm if it's real, but I wouldn't be surprised if it was

dawn frigate
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means no

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I think NGs only get one shot

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for ea firm

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naw

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I think the recruiter doesn't want to look bad either

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if it isn't outright firm policy

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the first shot is kinda the free pass

lost leaf
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theres no magic pill to get u an offer from any of those after failing unless your dad is jimothy simonton

dawn frigate
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trader except for the first

weary path
weary path
# dawn frigate trader except for the first

Then it doesn't really matter what company you go to, just make sure that the company has people who know what they are doing and how the industry works.
Chasing names is quite useless as a trader, especially if add the variability of different desks at these big companies.

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yeah but even in hft its hard to see the appeal. Even if you do an insanely good job you are almost completely reliant on the traders profits. I guess its the same in traditional companies as well

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comparatively yes but I dont see it being more interesting than faang.

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maybe i have a false image of faang

floral locust
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Lol

weary path
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dont think this is even remotely true 😂

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in that combination

limpid nacelle
weary path
#

quant-google

limpid nacelle
#

I think if you like solving problems, there are very interesting problems in both industries

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Tech and quantitative finance

weary path
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i like eating food more than solving problems, where do i go?

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i can offer solving problems in return for food

limpid nacelle
#

Solving problems in a quant firm leads to usually a better impact/reward than tech

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Quant is imo more meritocratic than tech

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On average*

weary path
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join qoogle

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we just make ML models to predict what fund will do the worst and do the opposite of what they are doing

limpid nacelle
weary path
limpid nacelle
#

You probably just got unlucky with imc zug sadge

weary path
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only have dinner 😦

limpid nacelle
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Dinner lmao

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I'm wondering why

weary path
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i cant think of a single reason WazowskiStare

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at least there is unlimited bier

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color quite nice ngl

limpid nacelle
#

What color? It's a gradient

scenic bison
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gradient W

limpid nacelle
royal forge
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Agree

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Or flow

ornate solstice
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Ye

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doggo best emote

marsh flower
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Did Akuna actually rescind intern?

formal harbor
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does anyone know difficulty for 2s OA for college mentor connect

summer stratus
#

had Bloomberg q&a at uni earlier today, ppl be asking really stupid questions. This major is doomed 😭

summer stratus
#

one of it was, word for word: "hi recruiter, how does bloomberg filter through resumes as most big companies filter through resumes and cause our resume will not going through the recruiters?"

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"hi, are u still hiring?" "yes, we hire all year round" "i just check [link] it does not currently list any recent graduate swe roles, are applications closed? and if i apply by june will i be hired?"

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some guy asked "is referrals better, if yes how?" literally 1 question after someone else asked the exact question

runic grotto
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💀💀💀💀💀

summer stratus
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"how long does it usually take between filter and first recruiter call?"

hasty hill
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yeah it sucks when the questions can be verified by google or are literally insane hypotheticals like

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"if i was 6ft would life be diff for me"

summer stratus
#

and 5 people asked like variations of the same questions, i could feel the recruiters irking when they were like "yeah, so like we mentioned before, we're looking at ....."

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oh, and my fav. "how often are entry level swe jobs posted and are they posted at specific times every year or does bb hire around the year?" literally after someone asked if they hire NG and they responded yes, we hire on rolling basis

summer stratus
broken thorn
summer stratus
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ikr, i feel like if the questions were things like headcount capacity, how are they using certain tech or learning more about whether they have discovery events, etc. seems more valid

summer stratus
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hahaha, someone did ask abt that

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they were like "uhh we're hybrid, 2 days in 3 days out. we see mike bb in the elevators sometimes!"

final forge
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Ask eng for wlb if u want real answers, I think I asked this to almost every eng I’ve talked to

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I have learned to weigh this more going forward lmaoo

final forge
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Their job isn’t the same as eng so it’s not like they have first hand experience even if they are trying to be honest

summer stratus
#

yeah, true

summer stratus
final forge
#

that sounds relative 4KEKW

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depending on vibes I straight up ask em hours they work

summer stratus
#

thats very straightforward

final forge
#

though there is team dependent factors sadge

summer stratus
#

as in, consistently 40? 😮

final forge
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swe at trading firm

summer stratus
#

i always had the preconceived notion that swe is 40 average

final forge
final forge
summer stratus
#

closer to 50 for trading?

final forge
#

id say I average 45

summer stratus
#

icic

final forge
#

I’ve def heard of people doing much worse/people on my team do much worse lmao

summer stratus
#

have you worked in big tech swe before?

final forge
#

And no not FT

summer stratus
#

quants are clocking out before them lmao

broken thorn
summer stratus
#

so they do clock out before the 50+ hours guys, damn. talk abt wlb

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actual grinders

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@final forge i look like a schizo talking to myself WazowskiStare

final forge
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I’m not getting outed irl sorry buckeroo

summer stratus
#

fair enough

fast gazelle
marsh flower
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Yh cuz you’re higher up

west radish
#

lecture videos are locked to CMU students. Do you know if they are hosted anywhere else or if they are shared publicly?

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thanks!

final forge
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wait does does cmu have a good compilers course? 👀

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university gapped once again sadge maybe I shall return to school

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lol 4KEKW

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burnout real

broken thorn
#

gradescope is evil

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piazza is the wrost one tho

broken thorn
fast gazelle
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skill issue

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I’ve never had issues with gradescope

tulip sapphire
fast gazelle
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yea all my classes require marking pages

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some will just give you a 0 if you mess up (and it's not regradeable)

broken thorn
#

can i round a 3.491 to a 3.5

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hypothetically

solar axle
#

You guys help with interview questions here?

rancid spoke
#

how’s belvedere trading

dawn frigate
#

anyone apply to OMC recently for SW

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wow you're one of those that tormented me

royal forge
floral locust
royal forge
#

sanitary work*

dawn frigate
fast gazelle
#

so 3 in this case

gentle meadow
#

so 0 in this case

dawn frigate
#

also are ppl actually getting replies from rentech

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that's nuts

rapid cargo
#

i found a Linear Alg discord study group server if anyone interested

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they are going thru a textbook and associated online lectures and talking about it

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just starting this week

static musk
dawn frigate
#

I wonder what's the ceiling contribution in medallion for employees

dawn frigate
#

ft

queen palm
#

Is that ken

dawn frigate
#

lol it's actually named that

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150m and u get the adcom office named after you

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nice

queen palm
#

Why he look like timothee chalamet tho

split lintel
#

he pretty

obtuse flame
#

Good school

rapid cargo
#

anyone thoughts?

barren steeple
violet glen
#

this website is hilarious af

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the rankings change like every day

weak scroll
#

Or that the way they calculate prestige from user feedback is too flawed

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Also it’s just toxic lol

broken thorn
split lintel
broken thorn
#

this concludes my goku arc

weary path
#

😂😂😂this is hilarious but UI is nice

quasi orbit
#

jump trading is 3rd...so you know who it is

thorny gate
#

and roblox went from top 10 to like 30 in a couple weeks

limpid nacelle
#

Another philosopher

broken thorn
#

depraved lmfao

limpid nacelle
#

Can you actually speak?

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Maybe you should practice

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Communication is like LC

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It's trainable

runic grotto
#

too many words

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⚰️

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No not to put in discord

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Just reading it

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Too taxing

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Don't expose me like that

broken thorn
#

mine is the deepest

broken thorn
#

now look at my username (not my nickname)

runic grotto
#

Tf

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Nah man that's just proof that r/csmajors is 🚮

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Downvoted 😂

runic grotto
obtuse flame
queen palm
#

Bruh damn

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Seems like they did layoffs recently

obtuse flame
#

They rescinded ng SWE offers and laid off SWE and IT ppl so I wouldn’t be surprised, only source for now

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Only Akuna afaik

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It’s internal politics too so kinda an edge case

leaden temple
#

Anybody read this book before?

novel python
#

anyone know anything about jpmc quant interviews

dawn frigate
#

yes learn to front-run clients

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jk

prime arch
floral locust
#

U should also check out Dynamic Markov Bridges and Market Microstructure

leaden temple
#

anyone know if possible to go from full time faang swe to trader

nocturne estuary
#

Harder than the other way around for sure

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Pretty sure they don’t care though as long as you pass the rounds

leaden temple
nocturne estuary
#

Yeah probably but it’s not impossible I guess

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I’m pretty sure internships have awful RO rates

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For trading

nocturne estuary
#

From what I’ve heard yeah sometimes I feel like it’s very profit dependent at some firms especially when compared to SWE roles

gentle meadow
#

i know ppl who didn't get returns at hrt and cit

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so it depends on the firm

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low tier firms have usually a higher return rate

limpid nacelle
gentle meadow
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i didn't read above

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my b

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im certified dumbass

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even then

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my sample size is quite small

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so it might be more or less as well

limpid nacelle
#

I was also a bit messing with you

gentle meadow
#

all good homie

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all firms are low tier firms

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therefore, drop out and trade penny stocks

broken thorn
#

efficient algorithm to find correct point in 2d plane if you only get a function that returns roughly how close you are (think warmer vs colder)

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all you get is a single number for closeness though, and you dont even know if the number is good or not until you find higher or lower numbers from guessing other points

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sounds bayes related tbh

fast mountain
broken thorn
#

gradient ascent requires knowing the entire function so u can do derivatives, right?

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binary search just requires knowing a comparator

runic grotto
#

Accurate ones though

broken thorn
#

log sqrt n jfc

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true

broken thorn
#

i wonder how you preprocess a graph to know what the neighbors are

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oh ye that makes it much easier

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simply normalize the graph into being integer coords

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@split lintel can we have some sort of galaxy brain or 5head emoji added

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for when my idea overflows back into being stupid

broken thorn
#

but dont you need a derivative for gradiaent descent? or is there a discrete version of it?

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(discrete being the points are disctrete, the coordinates are not discrete)

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how to find neighbors

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thats assuming we can input any points into func

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the domain of the func is only the points given

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im not a math major sorry WHYYY

broken thorn
#

a bunch of x,y coords with a value of how close they are to the correct answer

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im sorry did i contradict myself

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brute force is o(n) where n is the points, cuz you can pick a random point and then calc distance from every other point, then check all the correct distances

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can we be faster?

runic grotto
barren steeple
#

anyone hear back from deshaw fellowshio thing

broken thorn
#

oh wait thats cuz my original question gave a "closeness" number and we ddint know how close that was right

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so we didnt start with a list of all points?

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is that what u thought i meant

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what if we got a "closeness" number like this:
we know there is a maximum value for being the correct point, and a minimum value for farthest point, and the function is always positive derivitive

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where closer is ALWAYS higher, we just dont necessarily know

broken thorn
#

i did encounter

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but the "closeness function" is my eyes seeing how red something is

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basically sporcle had this "find the element" quiz where you guess periodic table elements and it tells you how close on the periodic table to the correct element it is by being redder the closer u are

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so this is me doing the algorithm in my head rather than coding it, kind of like this stack overflow post

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im color blind

runic grotto
broken thorn
#

gg

proven steeple
#

Does anyone know anything about the comp at G Research, GSA Capital, Squarepoint.... Was wondering about Europe based funds.
Also I know SQP let's you invest in the fund does G research and GSA as well?

proven steeple
weary path
limpid nacelle
#

Dang

proven steeple
# weary path new grad QR is 200£ base at GR, bonus on top

Thanks, I know base numbers, but looking to get a sense of bonus ranges: entry level, 2-3 yr, and 5+ if anyone has heard anything. Also, what, if any, portion is deferred? (is deferred invested back into fund?). Can you co-invest if you choose? Lock-in on deferred, etc

limpid nacelle
weary path
limpid nacelle
#

I'm wondering why

weary path
weary path
limpid nacelle
#

One of my colleague got locked in the Interviewing room when interviewing with G research

proven steeple
weary path
limpid nacelle
#

Before entering and leaving the building, you are weighted

proven steeple
weary path
real laurel
proven steeple
limpid nacelle
#

2yrs

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Lmao

weary path
weary path
# limpid nacelle Lmao

bog you should ask Google if they have a non-compete that allows you to still get food at their canteen

proven steeple
proven steeple
weary path
weary path
proven steeple
#

He was let go from G Research or IMC?

weary path
limpid nacelle
#

My guy is chasing the garden leaves

weary path
proven steeple
#

Nah, most of the people I place I pull from competitors or tech. My clients only hire the best.

limpid nacelle
weary path
limpid nacelle
#

I meant G doesn't have non compete periods

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For regular SWEs

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But for other types of non compete. G will enforce I agree

long raft
#

But have to admit the “Lunch provided (via Just Eat for Business) and dedicated barista bar” is the best selling point 🫡 finding good lunch is so hard 🥲

alpine needle
#

does anyone know the imc return rate for qt?

long raft
#

Yeah totally get you! You save the time running around searching for a good spot to eat. You have a balanced meal instead of just junk food. And it makes you happy 😂

static musk
#

y’all spend $20 a lunch ??

weary path
runic grotto
broken thorn
#

you cant put a price on free food

weary path
runic grotto
#

Ah

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Are you in HCOL?

weary path
#

yeah i guess

runic grotto
#

That makes a little more sense ig

cyan sparrow
#

I’m starting my own too

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LeGoatTrading

tulip sapphire
#

It’s so sad

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I guess I made the right decision in not considering my akuna offer xd

broken thorn
#

this name goes hard

quasi orbit
#

so ur saying if i say i have radix offer i will get a bunch of simps

runic grotto
#

What do they ask 💀

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😂

rapid cargo
#

also curious

runic grotto
#

Human equivalent of ddos attack

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Yo lowkey if we wanted to annoy someone a lot, we could process an offer for them and mention their discord tag

nocturne estuary
#

What would he be like

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Would he ignore everyone’s advice and apply to no name firms

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Quant rizz is real this is proof

nocturne estuary
#

Guys by the way did you know that Ken Wins from breaking bad is actually Ken Griffin

runic grotto
#

Nah sushi got internships but got banned for trolling. I think the particular incident was when they said Amazon was rescinding interns

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Now that I think of it, there are near 0 active people in the server that have not landed internships at a big N tech/quant company

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💀

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Yeah they do

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Ig it's an information gap

#

I agree it's insane

#

I also made that assumption

#

But I suppose it might not always hold

barren steeple
#

i mean no tech company is rigorous

#

they test basic udnerstanding of data strtuctures

#

thats it

#

no algos nothing

fast mountain
#

Just base?

#

P cool how just the base at top quant firms beats FAANG
Makes it way easier to pick them

barren steeple
#

they dont test REAL algos

#

bfs is not an algo

#

its an intuitive concepts

#

same with everything big tech asks

#

occasionaly might need djikstras or prims

#

but realllyunlikelyl

ornate solstice
#

Hating on lc interviews again?

broken thorn
#

@small owl semi related to earlier convo, in algo class today we learned how to find shortest distance between any two points in any dimensionality in nlogn time

#

the points can be floats

#

because you can actually combine subproblems in linear time even if dimensions are larger

#

for 2d do by pre sorting by the second dimension (y) and then ONLY checking 7 points closest by the y value, insanely cool proof for why its always 7

#

sorry not binary search, finding smallest distance betwen two points

#

pigeonhole principle narrows it down to 11 or 7 depending on how smart you want it to be

#

still linear time to compare all possible points tho, which should be n^2 if brute force

broken thorn
#

its divide and conquer

#

its faster than n^2

#

nlogn

#

combine subproblems by setting d=min(prob1,prob2), then find all points less than d away from center line between two subproblems

#

then compare all possible points between them that can be shorter

broken thorn
#

the craziest part is getting the single point comparison down to constant time with pigeonhole principle, make a grid of d/2*d/2 squares and ruling out 7 points on the opposite subproblem above and below guarantees no shorter pair in the combining step

nocturne estuary
#

I’ve been getting lots of headhunters on LinkedIn

#

Is it good to connect and speak with them

nocturne estuary
#

But what do they really do I dunno it is scary

hallow shoal
#

they wanna help place for NG right?

nocturne estuary
#

Yeah but why

#

What is in it for them

broken thorn
weary path
runic grotto
eternal python
#

Did anyone do the Akuna Capital math assessment on HackerRank?

broken thorn
#

how so

#

they have the same goal as you, no?

#

get u the highest pauying job

weary path
#

Take Optiver for example, their referral is ridiculously high. I think even highest in the industry

barren steeple
# weary path yeah

but direct apply is like u may or may not hear back, versus hh is a gaurentee you hear back + anywyas the offer you end up getting is the same pretty much

#

and the hh is probably helpful to help u get a higher offer

eternal python
#

Did anyone do the Akuna Capital math assessment on HackerRank?

vague sentinel
#

🤦‍♂️

#

😭How many people wtf that's so garbage

weary path
long raft
#

Using every possible move to land a job in this market 🥲

floral locust
#

Certain shops don’t have a built out recruiting system

#

Idk like spark, tgs, and other small places

long raft
#

The only spark I know is the open source project for big data processing / ml 😂

quasi orbit
#

I know a guy who got reached out but he is like imo

#

What’s the lowest bar then

#

For qr or swe

#

bruh

#

Ur sentence should’ve been “me and some people I interned with got reached out”

proven steeple
opal cargo
#

What’s imo?

storm ember
#

international math olympiad, in my opinion

opal cargo
#

Got it

proven steeple
#

There are some really established search firms that work very closely with these firms. We placed the Head of research at TGS, the president of Cubist, Head of ML at Worldquant, and the list goes on.... These are very long established relationships. We help them hire their best people.

opal cargo
#

Can freelance headhunters help freelance developers?

proven steeple
#

I work very closely with TGS and can make intros there as well as others top firms.

#

I work with Spark too. Their team was at my office literally last Thursday.

#

They work with search firms that are good at what they do. We are the only firm that do research projects with TGS. They don't trust any other firms,

summer stratus
#

wish i didn't get skill gapped with 0 awards 💀

long raft
#

Are there any quant firms out there that have their own super computers or at least access to one? Are there even use cases that justify the cost?

I just got access to a Nvidia a100 for my masters thesis and it was so fast 😍 can’t imagine going back to my crappy laptop 😂

static musk
long raft
limpid nacelle
long raft
limpid nacelle
#

Signals mining

floral locust
#

Xtx made a lot of money

#

They rly like dl

limpid nacelle
#

300B aum

floral locust
#

aum isn’t rly a good signal, there are articles that directly say how much they made in 2022 tho

#

Everyone’s levered anyways

#

And certain strategies u can lever a ton more than others

#

Like any currency trade probably has roi below 1% relative to aum

limpid nacelle
#

If you have at least 10% return, you probably have at least 10B of net profits for the firm

#

/ ~300 employees

floral locust
long raft
# limpid nacelle Signals mining

It would be super interesting to see benchmarks on their system. Like I took few HPC courses and read a lot of the theory but seeing this in reality is mind blowing 😂

limpid nacelle
#

Or did I misunderstand

floral locust
#

10bil lol

limpid nacelle
floral locust
#

I would assume Xtx is prop lol

limpid nacelle
#

What matters is the final capital you have not leveraged

floral locust
#

So aum is just how much they’re levered by

#

10% roi is extremely high for the trades they do tho

#

It’s like .33% roi which is still very good

limpid nacelle
limpid nacelle
floral locust
#

No, like their trading strategies have roi of .33%

#

They lever up

#

Which directly multiples roi

#

If u like factor in borrowing costs or w/e

#

So maybe non borrowing roi like 2% or w/e and then u lever up 100% and borrowing fees bring down roi to like .33%

static musk
#

idk what they use them for though

limpid nacelle
#

That seems low

floral locust
#

They have good sharpe tho

#

So u get good rates when u borrow for these trades

limpid nacelle
#

Depends on your strategy

floral locust
#

Idk

#

I think the vast majority of players are getting the same order of magnitude of edge per trade in these spaces

#

Like fx each trade ur avg edge is in pbs lol

#

So 1/10000 percentage points

#

Or 1/1million in terms of notional

limpid nacelle
#

Again, depends on what equity/FX and related derivatives you trade + your strategy

floral locust
#

I don’t rly agree small hft centered shops don’t rly focus on LL options and all hfts in equities and fx space have more or less all have the same strategies and edges but w/e agree to disagree

limpid nacelle
#

I'm not talking specifically of HFT firms but more of quant firms in general

#

Where you could do for example startarb, ML trading

floral locust
#

Yes I didn’t think I conveyed any negative connotation

#

Like ur allowed to lever up so much cause ur trade’s risk is very low

#

Similarly you could have a trade that generates greater roi but typically brings with it higher var, meaning you’re not able to lever up as much

tulip tinsel
#

Does anyone at quant leave the office at 3?

obtuse flame
tulip tinsel
#

Exactly

#

@floral locust @half ginkgo cc

#

Yes they are nerds

#

No

#

I’ve never met Yahkub in person so maybe

fast gazelle
#

they’re not

#

one is cooler than the other

weary path
storm ember
storm ember
#

i would inquire into what you personally find fun about it

#

so, what do you personally find fun about quant work?

limpid nacelle
# storm ember how fun is the work?

It's not about fun. I would say the work at a quant firm is equally fun as the work at another company (on average).
Why some people like this field is because it's one of the most meritocratic and the ratio monetary reward/effort is one of the best.

broken thorn
#

quant swe is normal

#

but quant quant can range feom boring to super interesting

storm ember
#

if we expand fun to capture other positive indicators of wellbeing such as spending a larger proportion of your time in flow, or a sense of accomplishment

#

does quant work in your experience perform well with respect to these metrics?

broken thorn
#

i like that metric

#

percent of lifetime in flow state = only well being metric

limpid nacelle
#

If we compare being a quant trader/dev to being a swe at a random company, I would say working as a quant will have a better sense of accomplishment

#

In terms of WLB, it will be worse for sure

#

By how much tho, it depends on how efficient, mentally and physically strong you are

#

Don't forget you could retire very early

vague sentinel
storm ember
#

there is little evidence to suggest that early retirement is desirable as far as long term satisfaction goes

#

so it isnt a factor i consider in my decision making process

#

different people of course value different things however. its still nice to hear about other peoples experiences despite them not necessarily being compatible with my system

final forge
#

sometimes my tasks are neat sometimes they’re boring af

#

And then there’s just organizational overheads and stuff like that which are annoying

tulip tinsel
hasty hill
# broken thorn i like that metric

Yeah now that i’m working fulltime i actually really like that metric. If you theoretically spent all 8 hours in flow state that feels amazing

#

Work that puts you in flow state requires brain cells but that’s how your day flies by and probably means your work is interesting

hasty hill
# storm ember so it isnt a factor i consider in my decision making process

I’m not a hyper FIRE gremlin either but if you’re even considering quant (the highest TC ceiling), how is early retirement not a factor? You’re optimizing along 2 axes i guess, which is 1) how to make most money 2) while being tolerable work

But in ur case u bumped #2 up in priority so it’s - how to max out feeling good at work, then respectively max out money

limpid nacelle
#

How is the happyness grind going?

weary path
broken thorn
weary path
#

but maybe culture in the US is different?

broken thorn
#

i think it mgith be ego too big or something but im fine even when i should be unhappy

limpid nacelle
limpid nacelle
broken thorn
limpid nacelle
#

Why would it take energy from everything else?

#

Trying to be as happy as possible takes energy yes

broken thorn
#

if it takes effort to be happy for one person and the other person is naturally happy thats fucked up

#

for the first person

hasty hill
#

welcome to mental illness

limpid nacelle
#

Happyness is not a binary state

weary path
hasty hill
#

but 30 years of knowing yahkub is better than 80 without ever knowing yahkub

#

.

hasty hill
#

i'm not a quant simp but i have seen those numbers and it's mind boggling

limpid nacelle
final forge
#

Based champ

#

I can finally be the first of my friends to do something smugkirby

storm ember
#

income in excess of what's needed for stable growth, modest savings, and achieving the rest of my development needs; means relatively little to me.

#

since that income threshold is attainable virtually anywhere you work in tech, it becomes more a matter of finding meaningful, fulfilling work and relationships

#

it just so happens that i'm mathematically inclined, which is how quantitative fields ended up on my radar

hasty hill
#

That’s a lot of big words for you just wanna have your cake and eat it too. You want good money and good wlb and want it to be sustainable. So when you come here and basically ask if quant wlb is good then people will give u simple answers cuz it’s a simple question, but now u gave us a mountain of context for your personal thresholds/priorities so uhh idk what to say except yeah some people hate working there and some dont, and some dont mind the money and some love it

broken thorn
#

i want big money

#

video game high score

hasty hill
#

I think the only real insight i could give u is that there’s no natural law of any universe that says excess of money necessarily means compromises in other areas

#

There could very well be workplaces that let you have ur cake and eat it too

broken thorn
#

faang

#

twitter pre musk

#

two sugma

storm ember
#

you asked a question of how early retirement isnt a factor in my decision making process. i answered it.

#

i wasnt looking for insights, i was looking for reports of other people's lived experiences

#

im gathering information from people who work as quants, their thoughts on how fulfilling they find their work to be

weary path
#

i've observed the opposite and that the ones with egos cant back it up., but also small sample

#

ok im also confused then

#

lets agree to agree

limpid nacelle
#

If you don't like it, you can always quit

#

It's not a lifetime decision

weary path
limpid nacelle
#

Why?

#

My Quant and eth Chad dogesmile

weary path
limpid nacelle
#

No IMC merch?

#

Dang

weary path
#

soon im getting my shoes

limpid nacelle
#

Imc shoes

#

Lmao

last herald
#

I have an imc bucket hat

#

incredible assortment of merch

#

cannot wait for my imc shoes and my imc socks

limpid nacelle
#

Thanks to @fickle latch

#

And 4 hrt shirts dogesmile

weary path
weary path
weary path
limpid nacelle
#

Take a pic

#

And post it

weary path
#

of hoodie?

limpid nacelle
#

Your quant merch outfit

weary path
#

soon once i have the shoes 🙏🏾

#

then will also pose with google z tshirt 🙏🏾

broken thorn
#

i have talked to some of them and they all mostly say its normal swe work just

#

i am not

#

notice the first two words in my nickname prayge

hasty hill
#

@broken thorn vote
🍌 code monke
🐍 script kiddie
💼 quant daddie

rose holly
#

yo

#

who ping

tulip sapphire
#

most people who go into CS (who arent in it for money) really care about making cool products with technology

#

and while you can definitely work on super cool trading algorithms (not even core but also processing optimizations), you definitely lose out on the aspect of having people who use your product (instead youre more like tech support for quants)

#

personally i think that's why quant swe roles pay more than big tech: to make up for the loss of making stuff for users when competing with top talent with big tech

#

it's diff when it's sth you would actually use

tulip sapphire
#

yeah but unlike quant, SRE and devops dont need top talent so they dont see the high salaries that follow

#

and are often grouped with IT at tech companies

#

the former is creating new stuff, the latter is moreso maintaining

#

if youre maintaining stuff then you probably arent going to be doing anything cool

#

otherwise yeah you can be doing cool stuff

limpid nacelle
#

Infra engineering as a swe is one of the most interesting area imo, trading or not

#

Being able to handle billions of users on a platform at a tech firm or transactions in nanoseconds at an hft firm sounds interesting to me. But at the end, it's team and company dependant, that's why I'm saying it's equally fun

floral locust
#

I enjoy building dashboards and cleaning data @rose holly

final forge
floral locust
#

Srry at work rn can’t talk

final forge
#

this industry was a mistake

#

we should return to bartering

weary path
floral locust
#

Why trade for bps when you can trade for %s in those markets sadge

final forge
#

I mean in tf2 trading there were market makers

#

forgot what it was called but they literally bought and sold whatever items had a somewhat legitimate price

#

anyway if you're like a teenager with liquidity, brains, and programming skills, somehow becoming a virtual hat/gun salesman sounds like not the highest EV play

dapper iris
floral locust
#

It also was not a fair marketplace since market participants weren’t nameless like orders on an exchange

#

So reputable parties just got to do all the volume compared to non reputable ones

final forge
weary path
#

csgo betting was the place to be! most liquid market to date

neat junco
#

Anyone interviewing with cubist rn?

#

For ng

#

Having some concerns about their process

fast mountain
#

It was a proper exchange

barren steeple
last herald
floral locust
#

Cubist

winged aurora
#

but i got some bad vibes from the interviewers

neat junco
#

Is this for quant developer

static musk
broken thorn
#

banks are insured right

#

for like a few hundred k

#

but what if ur mega rich

#

isnt it optimal to make thousands of bank accounts so u are insured for all of ig

winged aurora
#

but the ppl were just giving condescending remarks throughout the interviews

#

lol

broken thorn
#

ye thats morw realistid

#

still do they rly have like 200 accounts just for insurance purposes

prisma scroll
#

theres some companies that maximize bank insurance which likely those ppl would use

#

MaxSafe is one

neat junco
tulip tinsel
#

Or wealth management through a large bank or hedge fund

#

(Who probably hold any cash percentage in US government bonds)

#

That’s basically money

obtuse flame
#

A dude rejected Jane Street for radix trading trader intern, wonder the reason behind it outside of radix being more exclusive, not much info on radix and the little info I found say they aren’t top top

#

literally just a reddit comment talking about their pay so disregard that lol

#

they're just too secretive

#

their hiring is interesting, looking at linkedin some full time hires don't have prev quant exp/isn't from super target school

#

ah ya quant tech, they're mainly ops?

#

rippp

#

these ppl aren't really THAT cracked

#

so i think you have a shot

#

at least their prev exp is not the worst to get lmao

#

for direct ng hire it still feels not bad?

#

like js and hrt are mainly intern returns

#

but radix does so many external ng hires

#

yeah rice is a target somehow lmao

#

they're great don't get me wrong

#

but not quant target

#

this year hrt didn't hire many ng compared to past

#

js is like <10 in the past years

#

same Sadge

#

what i heard too

#

how so? 🍵

#

oh rip i wonder why they acquired them then

#

yeah wouldn't be surprised

#

also big W for ppl who joined sun trading for 6 months and then the firm got acquired by hrt lmao

#

easy pipeline

weary path
#

this is not really a metric i would consider, there is no obvious benefit a phd would provide in HFT, although one could possibly argue otherwise in more longterm quant funds.

long raft
#

Does someone know how to add/announce a future position to LinkedIn? 😂
I have seen people doing that but LinkedIn doesn’t allow me to add a job I will start in few months

trim ravine
long raft
trim ravine
long raft
short patio
#

My friend got an interview at Radix, probably harder to pass interview than get the interview (assuming you have big N or other quant firms you probably get an interview)

floral locust
#

Radix doesn’t rly care that much about past exp, they do value research tho

#

There does exist a transcript and references screen that is nontrivial to pass halfway through the internship similar to other academic shops like Shaw

short patio
#

need a high gpa and prevoius job references?

radiant rivet
#

hihi id love to connect w people who got in to jane street fttp

broken thorn
#

have yall EVER seen "not enough information given" be the correct answer to any multiple choice ever in any context?

opaque sable
#

yes

#

i've seen it a few times with those "john is taller than mary etc etc" and then the question is "is mary taller than george" or something

broken thorn
#

if i were a professor i would mix a few of them in every semester so you couldnt get any more guessing ev than you deserve

timber fiber
#

you can get so much ev if you know how to guess properly

#

sometimes there are questions like:
A/B/C D/E/F G/H/I
A F G
B D I
B F H
C E H

#

option C will be right 80% of the time

#

because they don't want you to be able to get the correct answer just by knowing one of the three questions

#

so look for the one where all the choices are repeated somewhere else

broken thorn
timber fiber
#

three subquestions with three choices each

#

like the question is :
What happens to reaction A when X is added: it speeds up; it slows down; nothing
What happens to reaction B when Y is added: it speeds up; it slows down; nothing
What happens to reaction C when Z is added: it speeds up; it slows down; nothing

And then the choices are:

  1. speeds up; nothing; speeds up
  2. slows down; speeds up; nothing
  3. slows down; nothing; slows down
  4. nothing; slows down; slows down
broken thorn
#

yeah that makes a ton of sense

#

also jsut rhe classic
a: 15
b: 4.6
c: 4.6*10^-6
d: -5

#

its b 80% of the time

timber fiber
#

yeah

broken thorn
#

that ones very commonly known tho

#

urs can be guessed as c by the same greedy algo tho

#

"guess the soln most like the others"

fair yew
broken thorn
#

its shares 1 in common with all other answers

timber fiber
#

also whenever an answer seems a lot vaguer/less specific than the others it won't be right

#

the teacher just ran out of ideas for another wrong answer

#

another thing in big multiple choice tests esp for science is that the answer for question 5 will be accidentally revealed in question 27 or something

fair yew
broken thorn
#

never made a full recovery

timber fiber
#

the biggest trick of all though is in normal exams, never leave a question blank. if you write two paragraphs of nonsense that is vaguely correlated you will often get a couple points out of pity

broken thorn
#

i could have done 1/3 the work if i looked ahead

#

hahaha

broken thorn
#

THIS is how you make a mult choice question

nocturne estuary
#

AP Physics C throwback

broken thorn
#

do not ask why me as a 6th semester physics major is taking physics 2

#

we do a little smurfing

timber fiber
#

i have no clue but i would guess D, 133 seems like a number easier to get to than 103 or 113 or 123

#

what is the answer

broken thorn
#

d

timber fiber
#

nice

broken thorn
#

thats a good guess

#

makes sense that a clean fraction is answer so thats a great guess

#

4/3

#

400/3 i guess

timber fiber
#

i would have guessed E if there were any 7s involved in the question

#

but with 6 and 40 133 makes the most sense

broken thorn
#

142857142857

#

the funny numbers

broken thorn
#

@timber fiber you are correct lmfao

#

actually idk if u can solve or just narrow down to 2

#

"but 2 is neutral" is something you can deduce without any brainpower

weary path
#

jane street C tier confirmed 🫡

broken thorn
#

o interesting it was e this time, i guess they didnt do it default

#

traditionally*

#

yep

opaque sable
broken thorn
#

its just asking the directjon 3 particles go in a magnetic field

broken thorn
#

why does mit gap everywhere else so hard

floral locust
#

People mainly do best on Putnam first year

#

Majority of comp math people go to mit

hasty hill
#

Yes

short patio
#

c++ is king surely

hasty hill
#

Yes but rust is easily 2nd place

#

I’m a rust dev so could be cope

#

The lang requires skill and the knowledge transfer/sharing with cpp is there

#

I do know people who went from rust at tech company -> quant tho

#

The pipeline can happen

weary path
limpid nacelle
hasty hill
summer stratus
limpid nacelle
pearl spade
#

contradicting @hasty hill its en eh

#

for generalist firms like citadel/imc etc ull be fine

weary path
pearl spade
#

for specialist firms that test u on their languages like py/cpp (hrt/akuna/jump sometimes/etc) ur going to have to branch out from rust

weary path
#

whats a generalist firm?

#

and how are akuna and jump not part of it🤔

limpid nacelle
pearl spade
#

for intern/ng roles theyll test u generally with sometimes 1 cpp/py specific interviw

weary path
#

imc tests python and sometimes even cpp🤔

pearl spade
limpid nacelle
pearl spade
#

unless are u EU?

weary path
pearl spade
weary path
#

for swe idk for qr we test python

limpid nacelle
#

I had the option between java/cpp/python during my OA

pearl spade
weary path
weary path
pearl spade
#

firm dependent

#

akuna cpp will make u use cpp, jump for my specific team let me use any language, imc made me use java

#

keep doing python and apply to the python roles

#

i switched from cpp to python just for LC

#

wait u got rescinded?

#

dont worry abt akuna they always had issues with profitability

#

this is like contradictory tho right

weary path
#

how you gonna disrespect the python kings and queens like that 😦

pearl spade
#

oh so like less toxicity in general

#

prolly CTC

#

the less toxic a firm is the less toxic the people prolly will be

#

and ive heard good things abt CTC with their collaborative unique culture

weary path
#

uff i’ve heard about this, sounds awful.

#

janestreet is big on gambling but never heard anything sexist from their side

#

i realised im too stupid to bet

#

i bet on the number of michelin star restaurants in my country TWICE…

#

and lost both times

#

🤦🏾‍♂️

limpid nacelle
#

It's going to train you dogesmile

weary path
#

hows it going n3