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The Really Useless Thread

  • #3,241
  • Aug 25, 2011 2:36pm Aug 25, 2011 2:36pm
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  • #3,242
  • Aug 25, 2011 2:36pm Aug 25, 2011 2:36pm
Swissies making me a bit of crumbs... good little boy.
  • #3,243
  • Aug 25, 2011 2:37pm Aug 25, 2011 2:37pm
Quoting cloggie
my goal is to finally automate my trading myself here.
what the hell are you going to do all day then, hang out in here and bust our chops...
Look Sharp/Trade Tight
  • #3,244
  • Aug 25, 2011 2:37pm Aug 25, 2011 2:37pm
Quoting FibbinArchie
probably equates to a first from an oxbridge uni in the uk, equivalent to ivy league..
yeah, oxbridge, probably not so much lse or lbs for the quant, as they prefer engineer/mathematical based degrees. certainly a first is preferred.

however, someone needs to put your resume on top most of the time.. unless its part of affirmative action type of deal (in the US). I got a buddy from ivy league, is a hispanic and a jew. lol, they love that. he worked for morgan stanley for the summer.

other than that, all about the contacts. alumni from the school is a great way to get pushed ahead of the line. otherwise its hard without previous experience.

I am 20 myself.. all I did was sided with traders.. all about building the resume.. you get paid, do community service too, at place like goldman.
  • #3,245
  • Aug 25, 2011 2:39pm Aug 25, 2011 2:39pm
Quoting OldQuant
Yeah, to get into the skunk works teams of the big sell sides.

But buy side or even mid tier bank desk quants, not as much. A solid guy out of IT, who knows the machines, the feeds, and can demonstrate to the head trader that he'll work his a$$ off and understands the game and the goal, he can move to the desks pretty fast.
yeah at the end of the day, what is key is the ability to generate profit and manage risk...
  • #3,246
  • Aug 25, 2011 2:39pm Aug 25, 2011 2:39pm
Quoting PayTheLimit
what the hell are you going to do all day then, hang out in here and bust our chops...

Fuck no, I'll be on the beach sipping mojito's
  • #3,247
  • Aug 25, 2011 2:44pm Aug 25, 2011 2:44pm
Quoting cloggie
Fuck no, I'll be on the beach sipping mojito's

now your talking...



Inserted Video
Look Sharp/Trade Tight
  • #3,248
  • Aug 25, 2011 2:44pm Aug 25, 2011 2:44pm
Quoting darimik
yeah, oxbridge, probably not so much lse or lbs for the quant, as they prefer engineer/mathematical based degrees. certainly a first is preferred.

however, someone needs to put your resume on top most of the time.. unless its part of affirmative action type of deal (in the US). I got a buddy from ivy league, is a hispanic and a jew. lol, they love that. he worked for morgan stanley for the summer.

other than that, all about the contacts. alumni from the school is a great way to get pushed ahead of the line. otherwise its hard without previous...
well i'm pushing 40, with a second from brunel (West London) uni, so i reckon i've got a good chance of securing a place on a prop desk with a fund, but as for getting into a bank, i think i've probably missed the boat.. you're 20? you've still got the whole world at your feet, i wish that i'd been so focussed at your age, but it was the late 80's and i got into the warehouse rave scene, which meant the next decade or so was just a bit of a blur really..
  • #3,249
  • Aug 25, 2011 2:46pm Aug 25, 2011 2:46pm
Quoting FibbinArchie
.. you're 20? .
damn kids, I have underwear thats 20..
Look Sharp/Trade Tight
  • #3,250
  • Aug 25, 2011 2:46pm Aug 25, 2011 2:46pm
Its sure hawt
Quoting PayTheLimit
so your sure its a he,eh? what about the pic?
  • #3,251
  • Aug 25, 2011 2:47pm Aug 25, 2011 2:47pm
back on the roll...
Look Sharp/Trade Tight
  • #3,252
  • Aug 25, 2011 2:48pm Aug 25, 2011 2:48pm
Quoting PayTheLimit
now your talking...



http://www.youtube.com/watch?v=mmMS9...eature=related
jamie lee curtis..
  • #3,253
  • Aug 25, 2011 2:48pm Aug 25, 2011 2:48pm
Quoting PayTheLimit
now your talking...



http://www.youtube.com/watch?v=mmMS9...eature=related

The problem is though that by the time I figure out how to automate it all, I won't need it anymore....
  • #3,254
  • Aug 25, 2011 2:48pm Aug 25, 2011 2:48pm
Quoting hkkhanus
Its sure hawt
erm... :nerd:
  • #3,255
  • Aug 25, 2011 2:49pm Aug 25, 2011 2:49pm
Quoting PayTheLimit
damn kids, I have underwear thats 20..
ha ha...
  • #3,256
  • Aug 25, 2011 2:49pm Aug 25, 2011 2:49pm
north side in da house...
  • #3,257
  • Aug 25, 2011 2:49pm Aug 25, 2011 2:49pm
Guess what.......





















































nope, a little less bored now we are moving a bit.
  • #3,258
  • Aug 25, 2011 2:50pm Aug 25, 2011 2:50pm
Lacking the right school tie or degree, one way in is to come in with the software. More and more, the Book of Record systems cost many millions, and so they have analytics layers built in because they can read the books and the feeds natively.

When a bank or sell side changes out their BoR system, it's like a heart transplant; they can't stop it for a while and get it fixed. So they bring in consultants to handle the up-fit. The ones who know what they want position themselves in earshot of the traders, and as soon as a trader yells out "how the f**k do I get this to show me my ---," the smart guy is right there and bang, there it is.

Before long, it becomes "hey, labrat, how the f**k do I get..." and then quickly its just easier ito make room for the labrat on the desk. That's the game.
  • #3,259
  • Aug 25, 2011 2:50pm Aug 25, 2011 2:50pm
yupuntil i didn't have my specs on
Quoting Mr Hatch
erm... :nerd:
  • #3,260
  • Aug 25, 2011 2:52pm Aug 25, 2011 2:52pm
Quoting cloggie
Small long here at 47, we'll see.

4 hours, 40 pips, and 2 bottles of wine.
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