quants-n-traders

[magic swan]

well not just that but they are screening for zero false positives

[short patio]

false negative is whatever false positive is costly

[grizzled osprey]

in layman terms, they just dont want to work with dumbasses

[late hedge]

How does HFT gets live updates from exchanges? Is it similar to a cron job? Or more of a Kafka consumer subscribing to the exchanges ‘s producer.

[late hedge]

Thanks for the replies. Yup maybe Kafka wouldn’t work for this case.
Sorry @verbal ocean could I ask further, I thought for market update date udp is not used because missing packets can lead to a inaccurate book on the HFTs end which may end up generating wrong signals ?

Ahh alright thanks a bunch mate. I’ll read through that link above !

I see, something like co located

Co location*

[stiff girder]

has any quant firms allowed for a remote internship for swe?

[steel wedge]

you can tell if your packets are getting dropped and reconnect or something

[ocean gazelle]

often packets are ID'd too

so you can detect this

[uncut steeple]

that was just what the polynomial returned

I haven't figured out the pattern yet

[late hedge]

Thanks man, oh udp we have a way to tell if packets are drop?

Ok yes I think at a the receiver side you can, so probably just poll again

[steel wedge]

yeah its called a sequence number

[solar axle]

daddys back

[storm ember]

welcome back

[late hedge]

Right right thank you guys

[lyric loom]

imc dn test

dn test

most prestigous test

stands for

deez n_

uts

[solar axle]

which role did you apply for, for de shaw/

whats that?

dm?

theres a qt role?

how?

i dont see it

o

to de shaw?

[lost current]

Should be fine if u have big tech tbh
Most ppl ik passed w like big tech internship

[solar axle]

?

[lost current]

Wonder what exactly business strategic development does

Oh

I c

[solar axle]

@ember lava respond in dm my dude

no just save it for later

[lost current]

respond in dm my dude

[solar axle]

dw about it

[scenic bison]

@solar axle hmu for de Shaw referrals

[solar axle]

Just wanna say to everyone here @ember lava is a good person

[scenic bison]

@ember lava hey

Same

[solar axle]

Actually?

[runic grotto]

How important is the finance section of the green book for qt/qr?

Also as a follow up: if it is relevant to interviews, how do you get a grasp on that? It seems like they're throwing tons of stuff with no explanation

[lost current]

Not much

[rose holly]

Can you believe I met final irl

[runic grotto]

Thanks

[ocean gazelle]

same but I alr applied by then

idk if it makes a diff

[rugged rampart]

Did omc just close

[ocean gazelle]

im de shaw ceo now

[ocean gazelle]

ft or intern

they only had one intern position open

[rugged rampart]

Intern

[ocean gazelle]

they only had desk support intern open or am i tripping

[rugged rampart]

Oh maybe idk

[neat junco]

is vatic that good?

never able to pass their resume screening

[tulip sapphire]

they r p school elitist

ru from a top school @neat junco

n dyk ML

[lost current]

damn they like 5 rings and tower?

[tulip sapphire]

depends on what quant role

but generally #993663597962080343 message holds

[tulip sapphire]

they r way worse lol

5r is actually p flexible, ik loads of people from state schools there

[lost current]

oh shit LOL

[rose holly]

But uChicago is a target

U can tell because of n3

[lost current]

true, mmy cousins went to upenn and cornell and they at 5 rings now
state school erpresenation

[rose holly]

n3 brought up the school ranking to T0

[tulip sapphire]

wb dz

[rose holly]

So uc is so many rankings above T1 schools that there’s a whole nother tier 0 that has no schools between uc and T1 schools

[lost current]

wdym cornell has always been a public

uiowa

solos

tho

zzz

[tulip sapphire]

based af

cs depts should be made private

[lyric loom]

yo

[lost current]

missing uiowa

invalid list

[tulip sapphire]

https://www.reddit.com/r/UIUC/comments/14gjaa1/do_not_rent_with_christopher_hansen/

[lyric loom]

beaver cat

[tulip sapphire]

average

no im an ICUUer

[lyric loom]

holy :orz:

[tulip sapphire]

🐮

[neat junco]

i am from cmu

[tulip sapphire]

ok def not that

[neat junco]

and for ml

[tulip sapphire]

they r a ML shop

so

oh

oop

idk then

[neat junco]

i did ml related stuff at two companies

[tulip sapphire]

i had literally never heard of uiowa until now

[neat junco]

most recent one at doordash

i built a new and better algo

for the platform

[tulip sapphire]

pog but also DD lwk sucks

grubhub gaps sry

[opaque sable]

good morning yahkuna.

[tulip sapphire]

so does snackpass

[neat junco]

lmao

[tulip sapphire]

idk how they r profitable

[neat junco]

when i was interviewing with cubist

they asked if DD even good?

[tulip sapphire]

probs exploitation of driver but like then wont ppl get bad at paying so many extra tips

[rugged rampart]

@neat junco are you looking for ft or intern

[neat junco]

ft

[tulip sapphire]

i mean it's what u make of it, and making a rec sys algo is def legit

they def have lots of users

i think it's a great internship

i just dont like the prod

[neat junco]

yeah i am not even sure how to answer that

[tulip sapphire]

¯_(ツ)_/¯

[neat junco]

it's def great in tech industry

[tulip sapphire]

(so like lots of data for u to run ML models on)

[neat junco]

but i mean this is kinda embarassing

[tulip sapphire]

ye it's j not well known in quant

[neat junco]

and very weird to ask this kind of question

and not to mention i got extremely positive feedback for the final rounds there

[tulip sapphire]

have u graduatted yet

[neat junco]

yes, planning to join gts atm

[tulip sapphire]

gts?

[neat junco]

a prop shop in nyc

one of the largest market makers for nyse

[tulip sapphire]

cg!

[neat junco]

tyty

but i might be able to get an offer from cubist

so not sure if i should hop there later

still in pending approval process tho

i interviewed with academy before but this is general hiring

directly with pm team

dm

[tulip sapphire]

i think that would be a good ∂ecision imo

[neat junco]

yeah in terms of bonus upside, pm team might be better if they're doing really great

just need more info tho

[tulip sapphire]

ye depends on pod tbh

[neat junco]

to see the business of the pod

[tulip sapphire]

i assume youll get a good one

do u have a HH or cold apply?

[neat junco]

cold applied

[lost current]

I c uu Pee

[zealous whale]

Hello I’m starting bsc in computing this September. I want to get my masters, maybe PHD and go into HFT. Basically I want to do things that are hard and pay LOTS of money. Any help or advice or pointers for my journey ?

[stiff girder]

Hey guys! What does DE Shaw ask on their first technical interview?

[rose holly]

Can someone tell me how to start a quant firm?

[lost current]

gimme ur money and i will make sure to double it :)

[rose holly]

Sure. I’ll take your house as collateral. We can get the contract signed in an hour

[stiff girder]

ty sir

[lost current]

i feel if u do enough u begin to see patterns and trick

i think u just to have do a lot to to pick up tricks naturally, like for example one trick i found after doing a lot of arithmetic is that it is clear that if u were to multiply any 2 digit number xy by 11 the resultant value would be the xzy where z = x + y ,the summands of x and y

[neat junco]

I did recruit for qd, qt and qr at the same time

In the past

It was def a burnout

Constantly feeling my brain not big enough to take it

[solar axle]

U can break into that with cs degree?

Does consulting pay well?

Quant tc?

Same level?

Quant still better

It’s not related though

I’d rather do something I like as well

Respond to me dm

[lost current]

My dad makes close to 500k/yr as Deloitte director

[rose holly]

🥜

[tulip sapphire]

Although cpp trivia is very broad the questions I’ve gotten have only boiled down to 4-5 topics

[white haven]

What have those topics been usually ?

[ocean gazelle]

Prob smth to do w virtual functions and meta programming

[tulip sapphire]

Those and new cpp features yeah

[scenic bison]

Many people have tried and failed

[ocean gazelle]

Like what

Modules and ranges?

oh damn didn’t expect it’d be like that

maybe it’s bc I’ve only heard of radix absolutely fucking ppl over w trivia on internals

[tulip sapphire]

i mean it's only bad if ur optimizing for speed (in which case you should use boost::dynamic_bitset), if ur optimizing for space then storing a bit over a byte is a good move (unless ur at a firm which helps develop cpp standards then they may be anal abt it not conforming to container semantics)

😐

experience

never been thru lcpp or any books

[ocean gazelle]

lcpp covers it

thats how i learned it

well

partially

but with intuition you can kinda piece it together to give an acceptable answer

[tulip sapphire]

lmao chatGPT sucks at C++

this is all cap

this is GPT4 btw (the new answer window shows the wrong pfp)

i would not trust chatgpt on anything C++

ok but like none of us have heard abt fucking JC Penny Incest ments for that rzn

ohh jpm

well it's pe

[tulip sapphire]

i think you should re-read my msg

specifically the last few words

ik some cracked people who went there

i dm'd u a profile

no idk them

my friend told me they are cracked though and my friend is like insane at icpc and was at tower qt & cit qr

so i trust their analysis

also his linkedin is impressive wrt past experiences

so i think p72 acad is fine

[ocean gazelle]

I mean how much metaprogramming do they expect interns to know

Idt it’s expected to be well versed at metaprogramming beyond generic programming, constexpr, etc for most intern positions at major firms

I see

depends on what you want

If you want to be on a LL team that’s not going to work out well

Low latency

If you want to be on a data engineering team or SRE or low frequency team you should be fine w Python

You can kinda do LL in Java depending on the place

2s strips the GC, exceptions, and a lot more from their internal version of Java

Ik they do infra in Go

[ocean gazelle]

P sure academy is a fbu/cit launch type thing right

[drifting granite]

Point 72 academy?

No it’s their new grad/intern investment program

[ocean gazelle]

nvm i confused it w cubist quant academy

which is like an internship

[late hedge]

Hi all, does anyone have / found a cpp implementation of an orderbook that’s not more than 6+ years old?

Could I kindly have the link / reference to study and read it please

Perhaps a simpler version of orderbook and not those full scale one with 10K+ LOC would be easier for a newbie like me.

Thanks in advance guys

[ocean gazelle]

I mean what changes if it’s (1) 6 years old or (2) in a different language?

6 years old implies C++14 or 17, you can get up to do on new features and idioms via cop reference but the ideas should be the same regardless of date or language

It’s just trees at it’s core

[late hedge]

ok cuz I was trying to google or SO or video on Orderbooks but most of the contents are quite old like 10 years + so was wondering if there’s something newer

Diff language yup, python has more and the DS used is probably same but just wanna learn more about how to properly code in cpp as well, I think the way you structure your code will affect cache misses or smth

But yup I did manage to find some quite useful ones eg quant cup 1.

Buy maybe if anyone has did it before and don’t mind sharing here or found a one that explains it really well or beignnernfriendly

[proper wedge]

how many years of C++ experience do they usually want for quant jobs?

[ocean gazelle]

If you want to see some examples of clean and modern C++, look at the Google Test repo

It’ll teach you more than any OrderBook (on GitHub at least) will

[rugged rampart]

When did you apply

[mystic coyote]

What’s the suggested prep for ng swe interviews at hft? Is it lc+brushing up on os topics?

[rugged rampart]

I applied already didn't get rejected though

[lime hedge]

euclidean?

[potent dome]

To where?

[rugged rampart]

Desco

[compact river]

anyone have a good list of OS topics to review for quant swe internship process? am reviewing OS stuff anyway for a class I'm TAing next semester and might as well tailor it to The Internship Grind.

[ocean gazelle]

same

not getting rejected or moved forward

</3

[runic grotto]

Yeah same

How do you even study for that

Wdym

Like I have no idea how to approach case studies in general

Oh

Wait deadass?

🤔

[night topaz]

what’s the strategy for zeta mac?

[lyric loom]

dn

[night topaz]

not asking for a cheat code, but I can’t get above 12, and I took discrete math in highschool so i’m not dumb

so what’s the strat, I heard you have to read the numbers backwards?

[night topaz]

ik you get a rise out of newbies asking for help so you can ego them, but pls, legit question

[lyric loom]

@thorn wyvern

[night topaz]

thank you so much

i got you

https://youtu.be/SIsjD2bxuoc

every aspiring quant saw this vid, that’s where we found the desire to get good at mental math

well I don’t actually want to be quant I just want to trade

but besides the point

552 / 12

holy shit

[lyric loom]

@thorn wyvern

hi

[night topaz]

552 /12, where do I even begin

[lyric loom]

yooooo

u are fast

how u did that math

[night topaz]

that’s actually insane

lol can’t have standup in 4 minutes

but i will def

some people can do 70 boss

explain

[lyric loom]

eurusd

[lyric loom]

is a good person

YOOO I DIDNT KNOW THAT WAS THE MEANING OF HIS NAME

[lyric loom]

I BE POPPIN BOTTLES , SPARKLES AND CHAMPAGNE

yoooooo

fr?

[neat junco]

i think for google tm if you know c++ oop and some modern c++ concepts it'll be auto offer

especially with gcp

i think you will def need unique+shared locks/pointers and besides that the list itself is very comprehensive

[neat junco]

and if you really want to show you're super interested in c++, add type inference/systems and c++ functional programming stuff

[acoustic sandal]

Where’s this?

[mystic coyote]

Bump 🥺

[runic grotto]

Are you trying to say that as it’s negation?

[grizzled osprey]

dream team

[runic grotto]

Eg. The lack of 1 hour of sleep is a 30% speed decrease

[tulip sapphire]

Which is this?

Chad

[tulip sapphire]

Dw ur good ur answering my q

[uncut steeple]

electric vehicle

[hexed rock]

electric vehicle
you need to be maximizing how many you own

bro

[uncut steeple]

first

another greta thunberg disciple I see

very good

11s is ez

try me

[tulip sapphire]

would u even wanna work at opt?

yes

in high school i used to say marginal utility, now i say ev

it's so cute how ive grown

[solar axle]

What’s so special about that?

[fast gazelle]

fr fr

[north spire]

hey u rich quants n traders

[night topaz]

what the freak

[solar axle]

How you gonna get the c++ experience?

How? How

[lyric loom]

@thorn wyvern

[solar axle]

hows that gonna make you more marketable?

not really

[split lintel]

I think mine is like 2

[solar axle]

they still look at what you did and if it doesnt align with what they want its still a rejection

just cause you have google on resume doesnt give you instant credibility

they still look at what you did in the intern, and if its irrelevent you wont get through

no not even a bit youre wrong

ok? other companies youll be screwed

if none of them align with what the company is looking for

its a rejection for both

wdym by pedigree?

ok i agree

ive seen a rare case where a dude didnt have prestigous intern

and goes to non target

got into js swe

but really good at cp

[solar axle]

evidence?

why?

true

why would he do that though?

really? weird

ik what ur saying now, when applying to a company people have to submit their resume and stuff

but for tech swe its true though

wb for qt?

alignment matters?

ive seen situations where a faang on resume didnt do much for some companies since it doesnt have what the company is looking for

for any role?

since theyre small, and need specific needs

so i guess thats a yes

since you said your statement

nothing

im just saying its a yes that alignment doesnt matter for quant

[rose holly]

I’m looking to break into quant but I don’t know programming or math, how do I start ?

I’m a senior is it too late?

(English major)

[solar axle]

https://youtu.be/DNZHYOu1_i4

[neat junco]

rejected from ansatz cap

[tulip sapphire]

How far did u get? Jw

You can DM

[neat junco]

Resume lol

[rose holly]

You got desco order

[neat junco]

In general to what extent are we expected to know options pricing and stuff before starting a quant job in hedge fund/prop trading firms

[rose holly]

what is expected valuei

[neat junco]

I think currently I know the basic stuff of black scholes and binary model

And a bit of greeks

Not sure if that’s enough

Ah that’s great to hear

Just hoping they’re not expecting me to come up with some spreading/butterfly strategies or the like

Thanks!

Cuz I feel like some strat details in options very tricky

Like so many variables involved especially lots of things combined along with dividend stuff

[tulip sapphire]

latter

[tulip sapphire]

depends on firm

there r def firms which only hire people from firms with good education training and expect you to be able to read vol surfaces in interviews

if you dont have that bg and they ask then it's sus af

cuz they want someone with no experience to be trading

[neat junco]

I see. My interviews only consisted of very basic stuff about black scholes

And they even said they did not expect a perfect answer

[tulip sapphire]

did u intern at a prop shop before?

[neat junco]

They asked cuz I had some projects in options

[tulip sapphire]

or any quant firm

ahhh

[neat junco]

No

[tulip sapphire]

yeah that would do it

[neat junco]

Yeah I know the basic details of these quantitative models and greeks

But I guess it’s everything I know

My project only did some straightforward optimizations on binary pricing model

[tulip sapphire]

SIG, Akuna, maybe Valkyrie, etc

[tulip sapphire]

sig prides their edu https://sig.com/campus-programs/trading/

[tulip sapphire]

oh yeah

ive seen some Valkyrie->headlands

and we know another Valkyrie intern -> js intern -> alameda trader -> unemployed (this is a fake example)

it's same tier as belvedere/wolverine but like akuna isnt considered particularly high tier yet people leave it for js every yr lol

[tulip sapphire]

& Co.

[runic grotto]

💀

[final garden]

In the realm of numbers and intricate equations,
Where the markets dance in rhythmic fluctuations,
I yearn to tread upon a path most profound,
As a quant, where knowledge and beauty are found.

Like Hudson River, flowing with grace,
Or Jane Street, bustling at a rapid pace,
Radiant Radix, with its mathematical art,
And Jump Trading, where strategies depart.

Five Rings, a symphony of algorithms so fine,
Point72, where insights eternally shine,
Citadel, a fortress of quantitative might,
DE Shaw, delving into the depths of night.

Vatic, where data whispers secrets untold,
Arrowstreet Capital, weaving stories of gold,
In these hallowed halls of financial lore,
I seek to open the doors, forevermore.

A quant's journey, where minds are set free,
To traverse the bounds of complexity,
With every tick and trade, a puzzle awaits,
A confluence of numbers, where profit dictates.

In this universe of probability and risk,
I'll harness the power, with a mathematician's whisk,
Peering through vast data, seeking patterns unseen,
To grasp the elusive truth, a quant's serene.

I'll wield Python and R with virtuosic flair,
Charting graphs, forecasting trends with care,
From market dynamics to risk management's plight,
I'll navigate the currents, always in flight.

With each candlestick and order book's breath,
I'll dive deep into market depths,
Leveraging models, strategies refined,
Where beauty and logic forever entwined.

Oh, to be a quant, a seeker of truth,
Where algorithms dance, ageless in youth,
To analyze vast oceans of information,
And unveil the mysteries of financial creation.

For in these hallowed firms, luminous and bright,
Knowledge blossoms, a celestial light,
I yearn to join their ranks, to soar on their wings,
And witness the symphony quantitative brings.

With ardent passion and a curious soul,
I'll embark on this quest, my purpose made whole,
To weave my dreams with numbers divine,
And in the quant's realm, eternally shine.

[hollow eagle]

anyone here interned at capula investment?

[tulip sapphire]

@rose holly Has nerd friends who want RO

I usually end work at 4pm or later

If I’m there after 5pm my boss yells at me to go home

I’ve now started to remote in so that way I can work more

[next shore]

does anyone know what to expect for the bridgewater first round "engineering discussion group" interview?

[rugged rampart]

Where if I may ask

[neat junco]

Do you know the typical ro rate for desco sde

That’s rough

What about JS

Oh

What about other mm prop shops

Like opt

[opaque sable]

money

🤑

[tulip sapphire]

I mean I think everyone wants RO but some people think there work without overworking is sufficient

Lmao just like me last year fr

Literally

Join ng a firm which only cuts interns

That’s dumb

Don’t overexert yourself or like stay all night at office or sth crazy but still try for RO lol

[neat junco]

Unicorn but only in very good economy

Yes

And with high potential of ipo

Swe at tech can be boring

Especially big ones

[opaque sable]

i LOVE writing web apis

[rose holly]

💀

[stiff girder]

yoo can i dm you about interview process at desco?

thx

[neat junco]

Good move

Just to say, it’s really hard to join as a quant in cubist pm team

Most new grads get offer from quant academy

Which is only a rotation

[magic swan]

just how easy do you think it is to become a senior in tech 🤔

[rose holly]

has the quality of big tech hires just gone down as lc warriors get better

like what are the upper level firms doing in the hiring process to descriminate against candidates like that

[neat junco]

It’s just a way to lower the probability of a bad outlier imo

[rose holly]

unfortunate but fair

im talking about being good at programming

not good at lc

there are people who are good at lc and not programming

i suppose there is an argument to be made there

probably true

but also consider that senior eng have external responsibilities and might not have the time to grind out lc like new grads can

in the context of new grads there's absolutely no reason why u shouldn't be good at leetcode it is just practice

[neat junco]

Seniors usually don’t have insane lc bar

Thinking process matters more

Also I think if you do lc and learn the pattern

[rose holly]

some do not have a couple of months

[opaque sable]

It’s like riding a bike anyway

[rose holly]

true

[neat junco]

You don’t need to do lc all the time

[opaque sable]

Go thru the grind once and u can get back up to a good level fast even after months away

[rose holly]

i still feel like internships should ask more of its candidates than lc

and ng

💀

this seems to be the case for quant firms but not so much big tech

[opaque sable]

nah the only criteria should be ur school

and maybe shoe size

[rose holly]

im considering getting a masters maybe

if i can grad in 3 years

go to a better school

but in the long run idk if its worth i have interest in some finance roles but not enough math knowledge to benefit from it and do well in interviews

• im far far far better at programming

[vale wave]

not really at all

if it's one of the boring questions that ask you to implement some trivial class sure

but if it's more resemblant of a typical competitive programming problem you could see on codeforces or similar

then coding and building projects and stuff since 12 years old will not really help

mathematical problem-solving skills matter, so math oly helps

but j coding doesn't really have anything to do with it

[tulip sapphire]

I am a counterexample to this, it’s definitely not true

[tulip sapphire]

Why?

What does good at lc mean to you?

I said after 5, not at 5, so I meant like at 6pm

We’re a pod that has a branch in London so we work 8am to 5pm

If I’m there at 5.30p or 6p he’ll tell me to take a break and come back tomorrow

I think most quant swe can do this

I think twice a week we have events at 4.30p usually like yacht trip or bowling or nyc food tour etc

So I would say wlb as a QR isn’t as bad as people think. When I work at like past 8p or check in on a job over the weekend it’s because I’m genuinely interested in the project and not cuz my boss is making me

[steel wedge]

how good is arrowstreet capital?

[tulip sapphire]

It’s not cope smh

I’ve had toxic bosses before who’d ask me to work overtime unpaid to fix their mistakes like 💀

Here they pay me well and make sure I’m not overworking and I have a lot of autonomy

I mean internships are a short time period

Most QR interns do one project over 10 weeks

But if you want to do 2 legit projects then you kinda have to automate jobs to backtest signals and check up on them over the weekend

So that when Monday comes you have something to move forward with

Also they pay me overtime here xd

I’m rising senior

I’ve just had past quant internships

Maybe that’s why you think I’m ft

If I was working this much as a ft even of my own volition it’d be a red flag

Erhm I’ve done QD and QR work in the past

[ocean gazelle]

rsha ur at cal right

[tulip sapphire]

What is fm?

Anyways my previous QR experience was equity alpha research with alt data on a L/S basis, my current project is hft stat arb. Other than being alpha research and using regressions, the work is pretty different

My previous internship had more emphasis on Bayesian statistics

But I don’t really see that here

[tulip sapphire]

yeah exactly that's p diff

[winged dove]

Any place doing QD/QR internships remotely or having full new grad postions remotely ?

[winged dove]

:( most are for masters/phd students :'(

[tulip sapphire]

my current firm says that they only accept PhD students and every other QR on the team has a phd (mainly from mit/harvard) but i applied anyways and they liked my profile so i moved past the resume screen
tl;dr apply anyways

[winged dove]

But aren't you advanced undergrad tho ? I just graduated only have like two academic awards what is your firm ?

[tulip sapphire]

sorry i dont want to share any firms ive worked at here

any opinion i express is my own and not my firm's, where i worked is irrelevant

it is a place known for having a phd-req for quants though

[winged dove]

Makes sense I just started looking at quant roles so i'm unfamilar with some of the mid-tier places

[rose holly]

It’s right outside

Their office has evil omens

[late hedge]

Hi there anyone has a list of hedge fund or prop firm or HFT ?
Those big names are easily google a ble but maybe some smaller boutiques or country specific ones pls,

Am in Singapore but don’t mint going to elsewhere

[rose holly]

When I toured the SIG offices the Uber driver who dropped me off got so mad at me cuz I was late 😭

[hollow eagle]

Does anyone have any clue about interning at capula?

[ocean gazelle]

Lol I think they’re only rejecting/accepting on fridays

At least a trend I noticed

[neat junco]

They have some traditional finance industry practices

Lots of large banks do so

It makes sense cuz it’s one of the most long-lasting hedge funds

[twin cloud]

https://vm.tiktok.com/ZM25byQ2b/

[topaz hazel]

can anyone here give me a referral to any trading firms/banks?

[ocean gazelle]

yahkuna river trading

[topaz hazel]

okay, i dm'd you

[tulip sapphire]

Mihari street or gtfo

[rugged rampart]

@rose holly Gm

Why

It's over

Lmao

[ocean gazelle]

Jane Capital, Hudson Street, Akuna Research, Headlands River Trading, Radix Research Capital

[royal sapphire]

Anyone know what to expect for Headlands OA?

[opaque sable]

Aquatic river trading goes hard

[stiff girder]

did anybody get prop trading intern interview for de shaw?

[tulip sapphire]

What happened to tower :((

997 moment

[junior lance]

The interview before or after the case study? The one prior was not difficult essentially a behavioral. The superday is after the case study.

[stiff girder]

Can I dm you?

[tulip sapphire]

They’ve only mentioned desco?

[ocean gazelle]

shoutout Tower Asset Management

bro why does shaw keep ghosting me

theyre teasing me

even after recruiter reachout

[robust totem]

is omc open

[ocean gazelle]

idts

[robust totem]

is deshaw open

[stiff girder]

what role?

[stiff girder]

ye

[robust totem]

i can't find the apply button l.ol

[stiff girder]

accept cookies and add the posting to bundle and click apply on the bottom of the screen

[robust totem]

holy fuck ily

[ocean gazelle]

systech

[tulip sapphire]

Yes

[tulip sapphire]

Yes

[tulip sapphire]

No

[ocean gazelle]

i meant for intern

not ft

mb

[robust totem]

im going for internships lol

[robust totem]

ye saw someone get that on linkedin lol

[solar halo]

Wait wdym

[coarse blaze]

Optiver

[ocean gazelle]

oh damn i thought they did

whoops

[ocean gazelle]

?

[solar halo]

u said they ghosted u, right? but the applications opened not long ago?

did they ghost ur email?

[ocean gazelle]

it opened around a month ago

ppl who applied later have been getting responses

thats what i meant by me getting ghosted

[solar halo]

oh what

hm gotcha

[ocean gazelle]

did it open today?

[coarse blaze]

i think so ya

[winged dove]

Had a decent resume with 2 internships and projects got rejected for their new grad role

[winged dove]

I applied for the trader role and met all their requirements 😢

[rancid fable]

Hi I am kinda new in this, has anyone had a Quant intern without being in a top university? I heard trading companies are very selective in that aspect

[stable radish]

no. they would ask directly if so or just check resume with ATS

some companies ask for location when they wanna do coop where you will be spending half time school half time work onsite

[chilly dagger]

lol just saw this but which firm

[ocean gazelle]

the app said you must be located near Boston at the bottom

it’s at their new lowkey Boston office

[ocean gazelle]

yeah

must live near boston tho

[tulip sapphire]

bruh lmao

Someone sent me this

akunacademy sounds so mid

[ocean gazelle]

going back in time 🔥

[winged dove]

Does two sigma have gpa requirements ? I was reading through their requirements listing and it seems they just look at experience

I had a research internship freshman year at a top tier physics lab and a project in senior that will be used by the graduate student in his research

Yeah I didn't get the swe position I applied in march and I applied for the QR position and it seems they want experience

Yeah for the swe role

And today I just put in the application for the QR role

I graduated from Indiana University if that counts for anything

These are the requirements for the role:

Degree in a technical or quantitative disciplines, like statistics, mathematics, physics, electrical engineering, or computer science (all levels welcome, from bachelor’s to doctorate)

Intermediate skills in at least one programming language (like C, C++, Java, or Python)

Experience performing an in-depth research project, examining real-world data

Ability to think independently and creatively approach data analysis and communicate complex ideas clearly

Really 3.7 from Harvard is considered bad ??

What would be the soft requirements in this instance ?

I don't have any publications tho :'( just some research experience

Most likely I will get rejected by 2 Sigma

I honestly wasted too much time on non-major courses that I was forced to do ._.

Was told by advisor to just focus on tcs

But it seems my chances at 2 sigma are low :'(

QR

Theoretical Computer Science I started looking into grad programs I wanted to do Quant since at some places they like touch all layers of the tech stack

I had a recruiter from Selby Jennings contact me via email about an opportunity so I sent him a message back

Maybe I should just do Swe in Quant

Tho they said in the job posting they were considering all levels

Tho I wonder what 2 sigma is looking for in a candidate from the post it seems like they want more experience ?

Who is even writing the posting actual engineers or hr ?

I've seen people just start blind applying at this point

So far I have 2 research internships + 1 intrestring uni project an a B average gpa that outside of Quant has gotton some bites and i've gotton some online screeners

I'm doing the Akunacaptial course to prep for that interview

I wish these companies would not waste candidates time

Well the physics internship I did have me do some data analysis I only started looking at Quant because big tech just isn't hiring and some smaller finance shops have shown interest

Then again @regal sorrel you could say the same thing for me going to big tech like everyone literally wants 2+ years experience

Plus I still have the Akuna interview that I need to keep preparing for

Yeah like literally check most of the job postings under new grad or entry-level they are requiring 2+ years experience

[neat junco]

So you mean gpa is weighted much less significantly if one has hft internship?

Is 2sig planning to hire entry levels this year

Just curious

Cuz last yr ik lots of folks including me who passed entry level interviews but got offer pulled out cuz no headcount

[tulip sapphire]

I don’t think they are legit

ive heard to avoid SJ

no idea why though

[winged dove]

What makes you say that give me some insight. I'm like new to finance so I don't know it as well as the tech/research sector

[barren steeple]

2sig rescinded last year?

i never heard about that

[winged dove]

Ouch: https://old.reddit.com/r/FinancialCareers/comments/1034wuo/should_i_be_worried_about_selby_jennings/#bottom-comments

Hmm what makes a firm low tier btw ? Even like mid-tier firms are still pretty decent and honestly good offers

[tulip sapphire]

akuna and js dont care abt grad date

[neat junco]

Yes only for swe I think

[tulip sapphire]

bruh someone just sent me this 😭

https://www.linkedin.com/feed/update/urn:li:activity:6735850812712595456/

ive never laughed so hard

this is insane chad energy

to be able to post this and not worry abt being blacklisted tho

idt i could ever do that

[ocean gazelle]

he’s friends w max dama

[uncut steeple]

what's one's NW after 12 years at headlands

[ocean gazelle]

NW?

[tulip sapphire]

Net worth

[ocean gazelle]

Def cracked

he’s a partner

[tulip sapphire]

[fluid kite]

Has anyone interviewed at Optiver? Have an onsite coming up and wanted to know what to review (been out of the interview game for way too long) (mb for double post)

[rose holly]

Good luck

[tulip sapphire]

intern or ng?

[fluid kite]

experienced

[ocean gazelle]

has anyone had a phone at GSA capital?

[neat junco]

do you know if they sponsor for the us

[quasi orbit]

Yes

[next shore]

anyone know which firms potentially let u interview for more than one role? e.g. swe and qr

other than akuna

[neat junco]

Is this still the options201

Why options 201 has such a high bar

It’s nearly the same as their qt interview process

[neat junco]

Ah makes sense

Yeah I think options 101 was only the basic stuff

So 201 involves the actual strats?

[pure badger]

anyone done with de shaw first round?

for trading

what kind of questions

[pure badger]

idts? i think its behavorial right

[stiff girder]

Behavioral questions on problem solving + interest in de shaw + resume deep dive + few common trading questions

[stiff girder]

naa diff

[shell quest]

apparently they also do bio research lol

[tulip sapphire]

intern or ng?

and role

[ocean gazelle]

swe intern

[tulip sapphire]

Rip I only know of QR ng

[wintry tendon]

nah its like macro trading

they also have a commodities desk

[rigid rivet]

😼

[mellow aurora]

this is what martin shkreli did

he was in biotech and could predict fda desicions for drugs with really good accuracy so he'd short the garbage buy the actual good companies

[ocean gazelle]

Shaw primarily does asset management via systematic and non-systematic strategies right?

Idt they do much MM

And Idt they do much HF

[mellow aurora]

Ah. I was only aware of the base of the story, didn't read any more about it.

Although, if you can commit securities fraud and get away with it, doesn't that make you even better?

[ocean gazelle]

True lmao

I guess I meant to say it’s not a primary focus like JS

[mellow aurora]

no like hypothetically

he also got his wu tang vinyl seized

that's the only sad part of his story

so it does make you better

shkreli frequented wsb... so

that may be well in order

right

🤣

[night topaz]

is it possible to get quant without ivy league

nooo the non ivy league prestige saracasm is killing me 😔

i’m talking random public university

[obsidian flare]

Rutgers is an ivy tho

[bitter ember]

YOOO RUTGERS REPRESENT 🙏

[night topaz]

what school do you go to

what about personal portfolio generating 2k a week

so it has to be academic?

example

[tough sand]

If u talking about swe at quant firms then it ain’t hard to pass the resume screen, not so sure about trading or research roles

Gotta have good experience with cpp

[night topaz]

if it ain’t trading then I don’t want quant

if SWE then Netflix or Google

Linkedin is MIT and Duke

which is why I am asking is it only school prestige, if so i’ll just forget ab it

I know what you mean, but i’m OD on red pill

the truth is what fuels me

i’m not gonna apply with no quant related projects

I know

but i’m too far gone

afam?

I don’t want to waste a 6 month reapplication period

thanks for the wisdom but let me cook

how is this even true

better projects, more classes( algo n data science), more cold emails, more practice, more awards (icpc)

how is more time not valuable here

more zetamac

you an opp? 😈

i’m against Felix Huang with 7 quant trading internships @ Jane Street and Cit

the “just apply” mentality is lazy to me

[rose holly]

How’s radix?

How many hrs do you work

Do you work 30 hr weeks

[night topaz]

if you’re at Radix I know you

we’ll know of you

[rose holly]

No you won’t

[night topaz]

haha

[rose holly]

Right the inverse property

Forgot about that one

QED

[night topaz]

oh I thought you were gonna give a real example

[rose holly]

But you do work at a quant

[night topaz]

ICPC is in october 😭

been leet coding without sleep

and practicing w the squad

grrr

[scenic bison]

Are you good like that

[night topaz]

No

i’m getting carried

[obsidian flare]

@ember lava made Rutgers an ivy 🙏🏽

[broken thorn]

inverse isnt logically equivalent

take contrapositive for that

[night topaz]

i’m actually a fraud and it makes me feel like one day i’m gonna look back and be like damn, I never got to make a genuine impact with my career, but FUCK THAT, i care about money rn only

[storm ember]

contrapositive applies to implications, there isnt one here.

if they instead made the claim that going to an ivy means not working as a quant

independent of the soundness of that claim, you could take a contrapositive to equivalently say if you are working as a quant, you dont go to an ivy

[shell quest]

i think its one per position type/role per year

[oblique orbit]

Does optiver oa Kick you out if u fail/if u complete every section should u expect HR phone?

[ocean gazelle]

Optiver not dropping the SWE intern apps smh

#scammed

[shell quest]

Optiver screens after OA

[oblique orbit]

Just the resume or do they look at ur oa results?

[analog bough]

Why would they ignore the OA results, what would be the point of the OA if you’re not going to look at the results 💀

[oblique orbit]

yeaaa lol

[solar axle]

Anyone know anything who portfolio manager?

[tulip sapphire]

to stagger reading applicant resumes and cut people who dont respond in time (the trick is to tell candidate's there is no ddl but once hc fills for scheduling phones then you auto-reject anyone who finishes the IA)

[oblique orbit]

This is what I thought it was^^, since in the past it seemed like the portal would kick you out if you failed any individual section but again not certain

[rose holly]

💀 💀 💀

[night topaz]

omg no way, that's actually my name not even bull shitting

[gusty sigil]

Two letters away from cluster*uck

[noble sundial]

for something like deshaw (swe intern) would a referral help that much if you don’t actually know the referrer (so probably not the strongest one).

[prisma sphinx]

Didn’t help me

[noble sundial]

damn fr

[vale wave]

what is avg references

[opaque sable]

Getting paid to not work for 2 years sounds like my ideal job

[tulip sapphire]

Yes for qr

They want to ruin ur career

And make it so that ur -ev for anyone else to pickup

Since you’ll need to be retrained (cit also siloes you enough to be useless if u leave) and no one will wait 2 years + re-training just for the chance ur good

Ideally a place like that is good later in ur career when u have kids but wlb is also trash

That’s why “cit is mid” for qr as said above

[ocean gazelle]

Due to the founders' feud?

[ocean gazelle]

is this for swe or prop trader?

[vale wave]

brutal 3.5 hours 💀

i'm ngmi in quant world

but its ok ml >

[leaden temple]

Commodities too

[turbid magnet]

i still dont undestand what quant is and what swes in this field do

[leaden temple]

Ik an intern working there as a trader

Not sure what he foes

How's sig

And philly

Is it in NYC

How'd u get invited

All off-site dinners were like this

[chilly idol]

Has anyone been asked to dinner by some recruiters from one of the top trading firms?

Is it common?

They say students, so there must be others

[ocean gazelle]

quant swe works ranges from simple frontend dashboards for trading software or market data to hardcore low latency trading system stuff to writing stuff for fpgas

it rly depends

[chilly idol]

I applied in December, it’s to learn more about them and the engineers as well as their tech

[obsidian flare]

Official tier list:

omc, rentech
hrt js jump desco
citadel two sigma optiver imc drw
akuna belvedere valkyrie

[obsidian flare]

ABD Cap tier Z

[ocean gazelle]

I got invited to a Citadel dinner in the past

They even pay for an Uber to the place

Sadly I couldn't go

[odd spear]

how about p72

[dusty jetty]

Did anyone get an email for the Greylock tech fair

Like any follow up or when it is

[main oriole]

july 10 i believe

[mellow trout]

anyone interview with Belvedere Trading for software developer role in the past?

[tulip sapphire]

Anyone get the optiver with name as Manan Lmao

[rose holly]

💀

[ocean gazelle]

I got Benjamin 😡

[fluid kite]

this is very accurate

anyone here ever interview with Optiver?

[tranquil bolt]

yes

@fluid kite look at my past messages in this channel

[oblique orbit]

Did anyone hear back from Optiver?

[stiff girder]

is trading oa automated for cit??

[solar axle]

why you got the oa?

[stiff girder]

i selected trading as another choice

[stiff girder]

yea

^^

oh okok

cuz i got swe like instantly

but trading took 2 days

acc a day

okok yea same

ig akuna 201 helps lmao

and imc prosperity trading challenge

nice u finished the trading oa right?

i knw

[solar axle]

Nice

[stiff girder]

i thought it was probability

[solar axle]

You had it on your resume or something?

[stiff girder]

yea

[solar axle]

There’s multiple OA?

[stiff girder]

its 1 Oa plus a vidrecruiter

bullet point

[solar axle]

Wow same with imc prosperity challenge?

[stiff girder]

basically this

[solar axle]

Wow good for you

[stiff girder]

yoo im pretty sure it has to be thinking or probability questions

if it is the same as trading interview process

[solar axle]

I feel like they give out a lot of oas

[stiff girder]

yea

[obsidian flare]

Team up for HTN?

[stiff girder]

yea down

[obsidian flare]

hopefully they open soon

[stiff girder]

lowkey i j wanted to go to grab merch and cut

[stiff girder]

i dont even think i can make my resume any better

[obsidian flare]

Fs

The Merch and food man

[stiff girder]

yessir

[tulip sapphire]

Wait there’s an oa to do the course

How do they have manpower to interview

They gave exactly 1 afaik

For quant

Akuna people r cracked ime

Especially if it’s akuna as a freshman/sophomore

I kinda know someone who’s a swe there and he knows more cpp than anyone Ik

Akuna edu is good

Idk if options 201 is the same edu though as trading internship

[lost stratus]

worldquant is like the systematic business of millennium

like cubist / point72, tudor / xantium group, etc

[tulip sapphire]

It’s worse then u think

[lost stratus]

how is that even possible

wouldnt it atleast be senior swe

[tulip sapphire]

Actually that was the old one

But the new replacement also left

[rose holly]

It’s only Yang Liu

[tulip sapphire]

ty but can we not dox pls lmao @rose holly

#rules

no one else wuld hire him

other CTO had another rope outcome

the other dude's outcome isnt as much of an L though

[cloud sierra]

u ready for sx mney drgs

yeah its a bit strange

glad i got to see him live tho

lmao tf

[tulip sapphire]

Google qr

[stiff girder]

bruh

[oblique orbit]

Anyone else not hear back from Optiver 😂 I think I gotta submit another app new email

[robust totem]

i need wal bro

[tulip sapphire]

Do they even have intern

@verbal ocean ru recruiting for intern or ng

[plucky gate]

bro has been spamming this 😭

someone hand him the wal offer

[robust totem]

😭

[ocean gazelle]

I think they only have winter intern

they keep holding recruitment events at my school but it’s useless bc they hire like 4 winter interns

[tulip sapphire]

Ya

[tulip sapphire]

It’s not that bad

[runic grotto]

Omc?

[ocean gazelle]

nvm I’m blind

[obsidian flare]

He’s right tho

[runic grotto]

What’s a non rope outcome

[rigid rivet]

lmfaoooo

fair point

[weary path]

you don’t exit from consulting to trading man 😂

[weary path]

huh where? most of my friends actually work for bcg and mckinsey and they work 80% and still work 50h/week

maybe this bcg gamma is different no clue how wlb is there

hmm i see, I’ve actually heard that consulting in switzerland is quite heavy workload wise. So makes sense that in your country its more chill

[uncut steeple]

missed my phone interview with HM

is it over

[rose holly]

💀

Reschedule

[rose holly]

PMAO

cuck

[uncut steeple]

?

[rose holly]

sorry

my zon toxicity came out

just reschedule

[uncut steeple]

ok

might have went overboard with the reschedule email (Apologies) but leaning conservative

[lyric loom]

@solar axle

hi

[winged dove]

Just did Valkyrie OA I passed but I don't think the score is high enough

[main totem]

for which position

[rigid rivet]

growth equity isnt trading tho f

[winged dove]

Junior trader

[tulip sapphire]

At least u got the OA

Unless it was auto

Was it auto

[winged dove]

What's auto ?

[tulip sapphire]

It can probs be worse

J move forward

[tulip sapphire]

Automatic

Everyone automatically gets it

[winged dove]

Ahhh

I'm not sure

[tulip sapphire]

Like no résumé, scan

[winged dove]

Nahh you had to give your resume

How do you know if it's auto tho ?

Like aren't all OA's auto tho at least in this day and age ?

[stiff girder]

like if u get it instantly

[winged dove]

I got it like the day after I applied so I don't think it's auto

[stiff girder]

yea then u chilling

[winged dove]

I've been taking this seriously don't get me wrong I prefer live interviews OA I will need to do more testing and grind more on Anki

[short patio]

No

[fair fjord]

anki for what?

[fluid ingot]

Is there anyone here who didn't get Greylock tech fair decision yet?

[opaque sable]

I swear this server just be making up words nowadays

[runic grotto]

It’s a real thing

[opaque sable]

Yeah I’ll take one of those conduent solution certs of 1passsword architecture by desco cheers mate

Bro in high school I was still writing shitty python in IDLE

[winged dove]

Prep

I just downloaded someone else's for leetcode/probability 😢

https://ankiweb.net/shared/info/1296010623

Again a bit overkill but I downloaded it and looked through some of the cards

[winged dove]

I honestly hope to move to round 3 for Valkyrie

My score was not that great the time pressure really got to you

[tulip sapphire]

sounds like u got to round 2, cg!

[winged dove]

Still I feel like the score was low on the OA well considering from what i've heard I may have a chance

[winged dove]

Just saw someone freak out in another discord and post the optivar OA

[fair fjord]

dont be stingy, drop the OA

[winged dove]

I didn't download the pic he posted

But if peoople are like freaking out and shuting down on OA's could be explaining the amount of low pass rates on these things

[broken thorn]

phi

[stray quarry]

is optiver auto

[tulip sapphire]

probs

[winged dove]

CSCH discord is where it got posted

[broken thorn]

ye

last year at least it eas

was

[broken thorn]

yooooo

sory

[winged dove]

Failed the valkyrie OA 😩

[winged dove]

No junior trader

[tulip sapphire]

We need 2 quant and traders chat, one for intern where you have the noobs asking about wlb and exit opps

and one for ft where you have people asking how to break into quant and exit opps

[fair fjord]

same thing

more like one for

1. intern to ft ng quant (swe) and another for
2. ft big-tech swe transition into quant swe

the latter for me

[jagged flower]

anyone trying to join a social abitriage hedge fund. DM me if you are interested

[short patio]

Yes

[empty meteor]

Is this OMC new grad or intern?

[fluid kite]

i didnt get the old mission OA

[short patio]

ng

[short patio]

maybe a light resume screen but everyone ik got it

[fluid kite]

manual or automated?

I mean tbf I applied as an experienced candidate, i have 1yoe

but if its automated, idk how they would check that

also was the old mission OA instant?

old mission?

ik but some companies consider 1 year departed as new grad

eh

eet is what eet is

[winged dove]

I feel so late as a 2022 new grad looking

[uncut steeple]

21 here

[winged dove]

I got rejected from squarepoint 😭

[winged dove]

Nahh they had a office in New York I belive

Put in an application to arrowstreet captial

[ocean gazelle]

when do p72 internships release

[ocean gazelle]

[rose holly]

They are actually open right now

Very easy interview process lol

[winged dove]

Will point72 take 2022 grads

[ocean gazelle]

it’s just their analyst academy thing right

I meant their SWE intern stuff

[rose holly]

SWE

[ocean gazelle]

can u link

[rose holly]

Yes

[fluid kite]

wondering the same

[rose holly]

Congrats on 2s and desco

[tulip sapphire]

Why say 3,2 and not 5 interviews