latency, learn, programs, traffic ticket

The Qualt Edge

03.04.15 | Permalink | Comment?

Don’t use lagging indicators and then optimise says Quant Savvy, how can you can use qualt as your edge?  

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learn

The Whole Street

09.29.14 | Permalink | Comment?

Looking for the place for quant and empirical blogs? The Whole Street could be that. Inspired by Abnormal Returns. But be wary that the qualts aren’t there.

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programs

Stock Darts

08.15.14 | Permalink | Comment?

A good market timing rule, a profit target and stop loss could be enough to pick any stocks and beat the market, says Alvarez Quant Trading. What do you think?

programs

Quantpedia

11.25.13 | Permalink | Comment?

With 240 quant trading strategies and 200 research papers, Quantpedia is a good place to get through the muck in finance.

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management

Get a Job as a Quant

09.23.13 | Permalink | Comment?

There are jobs for quants here: People in quant jobs, or quantitative analyst hedge fund jobs, apply statistical and computational methods to financial data in order to generate models of market performance, and to develop other tools for working with numbers to support hedge fund decision making.

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traffic ticket

Quants and Hedge Funds

09.15.13 | Permalink | Comment?

Analysis of Rothman theory and quants and hedge funds: Hedge funds are becoming more like banks, and the reason that the banking industry is so highly regulated is precisely because of the enormous social externalities banks generate when they succeed, and when they fail. Unlike banks, hedge funds can decide to withdraw liquidity at a […]

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learn

Quantifying the Invisible Hand

07.20.13 | Permalink | Comment?

What is price momentum for qualts? Though hard to “quantify,” I believe that the disproportionate role of these funds, which use algorithmic formulas in their directional trading strategy, is shockingly influential in the current momentum-based climate and is serving as an “invisible hand.”

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programs

Quantopian – Browser Algo Trading

05.25.13 | Permalink | Comment?

Welcome! Quantopian is the world’s first algorithmic trading platform in your browser. Providing tools and infrastructure for you to learn, create, test, and trade your algorithmic strategies – while protecting your intellectual property. Qualt Shop likes.

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learn, programs

Beginner’s Guide to Quantitative Trading

04.18.13 | Permalink | Comment?

Now that we gone over what it means to be a qualt. Here’s how to get started in being a quant. Get a background in statistics or econometrics, have experience in implementation of a programming language like MATLAB, Python or R, and know Linux kernel modification and C/C++, after that you’re good to go with […]

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programs, traffic ticket

Trading and Risk

03.24.13 | Permalink | Comment?

Cathy O’Neil of Naked Capitalism, data scientist, writes on the move of quant shops away from high-speed trading and towards accepting inefficiency. In quantitative trading, nobody really thinks that “markets are efficient.” That’s kind of ridiculous, since then what would be the point of trying to make money through trading? We essentially make money because […]

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learn, programs

Quant Trading Conference

03.03.13 | Permalink | Comment?

After a rough year, the Princeton Quant Trading Conference has happened, and is accepting interest for 2013. Will qualts apply?  We will cover subjects ranging from algorithmic trading and liquidity to market impact and the flash crash…We seek to break down these barriers and spur future collaboration and research between these three communities.

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learn, programs

The Actuary vs. the Quant

10.02.12 | Permalink | Comment?

Who will reign? The main thing is differences in method.  Actuaries believe in table stability; Quants believe in bicycle stability.  Actuaries look at the cash flows, and make minimal assumptions about markets continuing to operate.  Quants usually assume that market continue to operate.  Actuaries look long-term, and do stress-testing.  Quants look short-term, and do hedging. […]

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management

Should You Invest in a Quant Fund?

07.18.12 | Permalink | Comment?

According to this article there are different factors that go into the selecting a fund’s stocks like: volatility, price performance, sales, operating profits and residual profits. These funds also employ several fundamental metrics to identify good stocks. Some of these include price to book value ratio, price to earnings ratio, enterprise value, free cash flow, […]

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learn, management

How I Became a Quant

02.18.12 | Permalink | Comment?

Qualtshop is not going to get into the summaries listed in this blog post, but if you are looking to read a summary of the book How I Became a Quant by Richard R. Lindsey and Barry Schachter look no further. That is all.

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learn, management, odds, programs

Inside the Black Box

12.17.11 | Permalink | Comment?

Are alpha models really what the quant lives for? Rishi Narang– the founder and chief executive of Telesis Capital, lets loose on the “misconceptions” of the modern-day quant: Narang goes into similar detail on risk models, including theoretical, empirical and transaction cost models, which look at fees; as well as slippage and market impact. Putting […]

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advertising, learn

Qualt Fiction

12.17.11 | Permalink | Comment?

A major principle of the Qualt Shop, school of thought, fiction: The primary lesson of fiction is learning “this is how people act”, when they’re scared, confident, happy, determined or demoralized. Not how I would act, or how I think they should act, but how the combination of different experiences and different patterns of cognition […]

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programs

Who are Quants?

12.13.11 | Permalink | Comment?

Quants are: We’re the people of a definite mathematical bent, and if you’re looking for a warrior-like analogy, we are perhaps the “armourers” of the financial industry, or, let me think … Traders are the warriors of our world; they go out and fight. I think of them as ‘egos on legs’. Sharp suits, looking […]

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learn

Neuroeconomics : Moral Molecule

11.28.11 | Permalink | Comment?

The Center for Neuroeconomics Studies (CNS) looks at selfish and selfless behaviors, good and evil. The lab discovered that the hormone oxytocin functions as a moral molecule to guide us on appropriate behaviors. Why do people make bad decisions? Qualtshop is eager to find out how Claremont Graduate University (the first to offer an Neuroeconomics PhD) […]

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learn

The Human Element

11.20.11 | Permalink | Comment?

“The greatest conceptual danger is idolatry; believing that someone can write down a theory that encapsulates human behavior and thereby free you of the obligation to think for yourself,” said Emanuel Derman. In his new book, Models Behaving Badly, Derman writes about how the human element is ignored in quant models. Definitely worth reading.

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learn, programs

Pilot Induced Oscillation

11.06.11 | Permalink | Comment?

Qualt-shop isn’t going to go into the application, but this is an interesting idea how to compete with high speed robot traders: This is where a pilot tries to damp out an oscillation, but because they’re responding with the right response, but out of phase, the situation ends up inducing larger oscillations in the path […]

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learn

Poets and Quants

10.28.11 | Permalink | Comment?

If this site isn’t a joke, it’s still pretty funny. Poets and Quants seeks to give MBA advice to those seeking admittance to top tier business schools. By providing tips and lists of interview questions to places like Harvard, they give a leg up – “Sustainability without the hot air.”

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latency

HFT Go Wireless

10.13.11 | Permalink | Comment?

In a move that is less than surprising, trading firms are implementing microwave radio technology to cut down the time of transmission of orders. With a ton a latency and licensing issues at hand, it would be safe to say that this might actually be good for the financial markets.

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news

The Situation in the EU

10.01.11 | Permalink | Comment?

Greece has been hanging by a thread for what seems like months, with the next days and weeks being at the utmost importance for policy makers to agree on actions that strengthen a lack of global exposure, Qualt Shop believes that capitalism must breath new air or we are going to be in a much […]

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traffic ticket

$217M Computer Errors

10.01.11 | Permalink | Comment?

A $2.5 million traffic ticket for one of the forefathers of quants, took a hit for quants around the world- the company that they worked for, is down $29 billion off of $70 billion in 2010.

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programs

Models of the Mind

10.01.11 | Permalink | Comment?

Can math beat the markets? Predictions can be wrong you know, so why not rework that grapplings that caused us to have this talk. Qualts is relatively new and not represented that well, but sure we can agree that Capitalism should stick around for a bit longer!

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advertising, programs

Real-time Bidding Quant Ads?

07.23.11 | Permalink | Comment?

New ad exchanges are being setup by advertisers who strive to be quants. The ramifications of this instantaneous impression based money maker, is a lose lose for the consumer. Better role models means better qualts.

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learn

And You Can Too!

07.14.11 | Permalink | Comment?

With required reading like Predictably Irrational and Algorithmic Trading and DMA: An Introduction to Direct Access Trading Strategies, it’s no surprise that most “systems” are easily replicated and overweight. Here’s a book for you, the Wizard of Oz.

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odds

The Next Steve Cohen

07.14.11 | Permalink | Comment?

The odds of becoming a successful trader is like becoming a professional athlete- and we know how many players fall by the waysides in their quest for “financial freedom.” Can you beat the market with algos? Maybe, but be prepared to be ok with playing in Croatia in the D-League. College athletes make great traders? […]

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programs

Morgan Stanley’s Process Driven Trading

07.11.11 | Permalink | Comment?

With a Sharpe ratio of 3 to 4, PDT recorded a risk-adjusted performance of 10 times the returns of the Standard & Poor’s 500 index. Amazing for a brash, yoga practicing quant, Peter Muller, its creator. The curtain has fallen for the day of the quant and they like Muller are seeking independent paths away […]

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ticker

The Role of the Ticker

07.11.11 | Permalink | Comment?

A recent lawsuit has come up, where a firm is arguing that the similarity of a new ticker is too close that of an old ticker- misappropriating the value of the latter. Once again we can see the qualitative emergence of the three and four letter gold mines that represent a corporation.

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management, programs

Goldman Sachs’ Glitch

07.11.11 | Permalink | Comment?

If there was ever a problem with present day financial operations, it is their ability to migrate their legacy algorithms to new ventures. Goldman Sachs recently ran into this problem when they were trying to open a spin-off company that used old “slang” language as the means to program their trades. This is indicative of […]

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management

Welcome to Qualt Shop

07.10.11 | Permalink | Comment?

Knowing that gambling is a venture based on superstitious charm, is there any sense really to try to apply complex numerical models to a system that is dictated by circuit breakers and short sellers? Understanding the role of the qualt, helps us understand the present-day markets. Join Qualt Shop as we outline the merits, pitfalls […]

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