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In fact, we were basically the trader’s little bitches, and any quant who’s honest with himself realizes that. I wonder what it is that traders do that they ca
by nearestneighbor 16y ago
In fact, we were basically the trader’s little bitches, and any quant who’s honest with himself realizes that.
I wonder what it is that traders do that they can't be replaced by software? How do they manage to generate more value than quants?
- Psyonic 16y agoSoftware doesn't have a frat buddy working at the bank across the street.
- astrofinch 16y agoWhy is that advantageous? Trading is a zero-sum game, right? So how does having an alliance with a competitor help out much?
- Psyonic 16y agoBecause plenty of deals are negotiated off the market.
- astrofinch 16y agoWhat sort of deal? What could the advantage be of negotiating a deal off the market? Deals are zero sum, right? If you and I make a deal where an item is transacted for above market value, or below market value, one of us is going to lose out as a result.
- SkyMarshal 16y agoI think it's a matter of being book smart vs being street smart. There's still room for both.