AMA about Algorithmic Trading
Bored at work, AMA
If AI can find insights from data, learn feature engineering, and generate good models, it will be able to do 50% of my job.
Licht
Stealth
2 years ago
How is this any different from a Data Scientist role?
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SoftwareDaddy
Stealth
2 years ago
How to prepare for interviews for this role?
I mean priority of datastructures and experience in interviews.
Be good at Math
Be very good at Statistics
Be very good at Probablity
Be very good at Machine Learning (not DL but traditional methods)
Be good at DSA
Good to have:
Data handling, cleaning experience
Elementary knowledge of stochastic process
Understanding of derivatives and pricing
qinnairen
Student
2 years ago
Any resource to begin on Statistics. if the resource requires pre requisite, would request that as well
parrotAI
Stealth
2 years ago
What algorithms do you use?
Wayyyyyyy
Stealth
2 years ago
How's the interview process?
Wayyyyyyy
Stealth
2 years ago
I know it's hard lol. The question was more towards the actual process; interview rounds, type of rounds, etc. And how do these things change at different levels?
I previously interviewed at Jane Street, 2 sigma and citadel and was surprised at how different the processes were.
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Snoopdogg
Student
2 years ago
What is the ROI for the firm?
And can start your own fund if returns are lucrative?
10-20% pa
Seems low, but these are very low risk returns on very high (9-10 digit USD) capital and uncorrelated to the market. Only a handful of firms can do this consistently.
Blood
Stealth
2 years ago
Uncorrelated? Are these not equity investments?
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Extremely imo. Although I never got a chance to apply there. They started coming to campus 1 year after my batch.
I don't need to. My team is majorly in one city and we only focus on trading. Ops etc are handled from separate office.
Last thing, I’m fascinated by AT, so forgive me for asking lot of questions.
Do you also get to invest your own savings in your funds? Like I heard if you work at medallion then you do.
No issues :)
Not yet, although firms do have this provision for senior people.
Wayyyyyyy
Stealth
2 years ago
Tech stack?
Watcher9
Stealth
2 years ago
How's the salary? Can you give a few examples?
Base starts around 30-50L, Bonus also starts around similar range. If you are moderately successful your bonus could grow to the few Crs range.
Watcher9
Stealth
2 years ago
Is this the salary for (A) strats who experiment new ideas in python or (B) the coders who develop the production level code on top of finalized idea in C++ or Java?
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jnik72
Stealth
2 years ago
How do I break in this field?I am an QA engineer with 3 years of experience
I can't answer that with confidence. Just that it will be very hard to go into Research/Trading roles, but you can start from the Tech/Infra roles.
Can you apply your learnings for Indian markets and create a product of your own?
The only hurdles I can see are high fixed cost for a trading team setup and lack of quality data.
Can you generate more returns vs Market? I mean generating alpha. If yes, please teach me.
How can I enter this field. I am currently an analyst at Goldman Sachs (SWE in street terms)?
Depends on what division/team you are in GS, but if you know how to turn data into alpha you should fit in easily.
For how to enter I'm not the correct guy to answer this.
