It’s intensive maths work. It’s not powerpoint grunt work. It’s exhausting and requires lots of brainwork. If the companies made them work much more, they’d make mistakes which are extremely costly for the companies.
When I first heard Jane Street, I though it was the Jane Street in Toronto,one of the worst area in the city ....But later on, I googled it and find it's a financial company with the same name.
Great Podcasts And Videos Buddy ! Found your channel half an hour ago and already in love with how knowledgeable videos you make about Quant and Stuff :) !! Keep up the great work man ⚡❤
nah. Providing liquidity in the market is reducing the bid-ask spread & they implement mathematical formulas to increase efficiency which benefits the buyers & sellers. If market makers were trying to screw investors, investors would just go through different market makers
@@eughyuckthat's a convenient myth that has been fed to you to believe the markets are random and fair in the opportunity they offer, when in reality it's the complete opposite.
@@divinasi0n i sure hope not cos otherwise im paying a lot of money for my finance degree to teach me conspiracies. I agree there is insider trading, there’s definite data supporting that - so an unequal opportunity in that sense. But these are the market makers, the ones facilitating trade. I don’t think that’s applicable here.
What is the compensation of the two quant roles ? And how do they differ or is it the same pay ? Also is trading Forex and stocks the same as quant trading ?
forex and stocks are asset classes. quant trading is a trading strategy, that can be applied to any asset class. compensation is high for both, depends on the company, how good you are, how much PnL you generate.
Watching this video, because i delivered medicine to someone at Jane street and was told by another how cool the company work space was and how you guys trade the market. I trade options so, i want to learn as much as i can to be profitable.
Not to discourage you but if you trade option as a private you are gonna lose time in long run. I'm a quant student, currently working for my master, and i can tell you that you can buy them for hedgeing (sorry I always find counter intuitive how to write this word basing on its pronunciation) a long or short. If you are willing to trade options consider that market maker actually always have an hedge thanks to advanced pricing model based on black-scholes. In other word the spread they apply is based only on the implied volatility which they can estimate (someone better than other for sure) but, in general, the prices are not fair so you are gonna get less as you would expect by "guessing" the right side of the trade and lose more by choosing the wrong side than what you would have if the option was priced fairly. Don't trade option unless you can "guess" more than what you get wrong and with a percentage of time that should he higher than the spread applyed by market maker. Hope I was clear enough ahahahahah
@@andreamenconi4337speaking as someone with e MFE and a PhD in financial engineering, a few years experience in Quant job a this is not true at all. This is a very graduate answer, wait a few years before you provide answers. The market and industry has evolved a lot since these primitive ideas that are in textbooks!
dude said 40-50 hours is a lot, that does not sound real. loved the conversation though! great content, thanks for sharing this.
It’s intensive maths work. It’s not powerpoint grunt work. It’s exhausting and requires lots of brainwork. If the companies made them work much more, they’d make mistakes which are extremely costly for the companies.
When I first heard Jane Street, I though it was the Jane Street in Toronto,one of the worst area in the city ....But later on, I googled it and find it's a financial company with the same name.
Great Podcasts And Videos Buddy ! Found your channel half an hour ago and already in love with how knowledgeable videos you make about Quant and Stuff :) !! Keep up the great work man ⚡❤
Quant Trading is how market makers figure out how to screw the most traders in every situation so the house wins.
nah. Providing liquidity in the market is reducing the bid-ask spread & they implement mathematical formulas to increase efficiency which benefits the buyers & sellers. If market makers were trying to screw investors, investors would just go through different market makers
@@eughyuckthat's a convenient myth that has been fed to you to believe the markets are random and fair in the opportunity they offer, when in reality it's the complete opposite.
@@divinasi0n i sure hope not cos otherwise im paying a lot of money for my finance degree to teach me conspiracies. I agree there is insider trading, there’s definite data supporting that - so an unequal opportunity in that sense. But these are the market makers, the ones facilitating trade. I don’t think that’s applicable here.
Thank you so much for these videos, they are sick
interesting! As a personal individual trader this is quite cool
Is this the same intern who migrated from Millennium and revealed their billion dollar strategy applied in Indian derivatives market to Jane Street?
You need external mic.
What is the compensation of the two quant roles ? And how do they differ or is it the same pay ? Also is trading Forex and stocks the same as quant trading ?
forex and stocks are asset classes. quant trading is a trading strategy, that can be applied to any asset class. compensation is high for both, depends on the company, how good you are, how much PnL you generate.
Watching this video, because i delivered medicine to someone at Jane street and was told by another how cool the company work space was and how you guys trade the market. I trade options so, i want to learn as much as i can to be profitable.
Not to discourage you but if you trade option as a private you are gonna lose time in long run.
I'm a quant student, currently working for my master, and i can tell you that you can buy them for hedgeing (sorry I always find counter intuitive how to write this word basing on its pronunciation) a long or short.
If you are willing to trade options consider that market maker actually always have an hedge thanks to advanced pricing model based on black-scholes. In other word the spread they apply is based only on the implied volatility which they can estimate (someone better than other for sure) but, in general, the prices are not fair so you are gonna get less as you would expect by "guessing" the right side of the trade and lose more by choosing the wrong side than what you would have if the option was priced fairly.
Don't trade option unless you can "guess" more than what you get wrong and with a percentage of time that should he higher than the spread applyed by market maker.
Hope I was clear enough ahahahahah
@@andreamenconi4337speaking as someone with e MFE and a PhD in financial engineering, a few years experience in Quant job a this is not true at all. This is a very graduate answer, wait a few years before you provide answers. The market and industry has evolved a lot since these primitive ideas that are in textbooks!
if the market price is at 500 for TSLA, why would i buy from JS who is selling at 501?
Only if there's no seller at 500 to fill your irder quantity.
Is there an age limit to get into quant trading?
There is no age limit. But you would have to have a prior degree in a very quantitative field. Such as mathematics or physics
I'm doing labouring with knuckleheads. Surely hfts aren't intense as working in labouring, right?
not really... think about it this way: can you play counter strike for 8 hours a day, 5 days a week?
Good info poor audio
Lol this is such a white bread description of what they do lol. Definitely the good guys haha.
Could I get a referral plz.......looking for a qt role...
Maybe don’t record a Q&A session in the most echoey room in Jane street possession.
nononononono
yesyesyesyesyesyeyseysyeyseysyesyeyseysyeyseysey
so inspirational
Why are u talking in a pool man.
get out from bathroom
LPSN 🫡
one has citadel merch on, other have jane street🤌🏻