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by Finage at September 19, 2021 5 MIN READ
Real-Time Data
Answer your questions that you are wondering by reading our carefully reviewed blog post with examples of what quantitative do and the skills and training needed.
Table of Contents
Important Notes
What Do Quant Traders Do?
Technical Skills
Soft Skills
Conclusion
Profitable salaries, high bonuses, and creativity on the job have made quantitative trading an advantageous career option. Quantitative traders use mathematical models to identify trading opportunities and buy and sell securities. The influx of candidates from academia, software development, and engineering fields has made the field highly competitive. In today's article, we'll touch on what quantitative do and the skills and training needed.
Important Notes
What Do Quant Traders Do?
The word "Quantum" is derived from the word quantitative meaning to work with bears. The advancement of computer-assisted algorithmic trading and high-frequency trading means that there is a huge amount of data that needs to be analyzed. Quants researches and researches available price and price data identify profitable trading opportunities, develops relevant trading strategies and exploits lightning-fast opportunities using self-developed computer programs. In essence, some trader needs a balanced mix of in-depth math knowledge, practical trading exposure, and computer skills.
Technical Skills
An aspiring quantitative requires at least a background in finance, mathematics, and computer programming. In addition, quants must have the following skills and background:
Soft Skills
Apart from the technical skills we mentioned, quantitative traders also need soft skills. From time to time, those working at investment banks or hedge funds may be required to submit concepts they have developed to fund managers and senior executives for approval. Quants do not typically interact with customers and often work with a team of experts. So average communication skills may suffice. In addition, he should have the following soft skills:
Conclusion
Quant trading requires advanced skills in finance, mathematics, and computer programming. Big salaries and skyrocketing bonuses attract many candidates, so getting the first job can be difficult. Beyond that, continuous success requires constant innovation, convenience with risk, and long working hours. We hope that this blog post will be beneficial for you. We will continue to create useful works to get inspired by everyone. We are sure that we will achieve splendid things altogether. Keep on following Finage for the best and more.
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