«
»

programs

Who are Quants?

12.13.11 | 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 very smart… We quants are the trader’s brain. It’s our model that defines not only the risks the trader can take, the model also calculates how much risk he is taking with his particular trades at any given moment and we also predict future movements in valuation, pricing and the like. (Source)

Tags: , , , , ,

«
»