Quant Insider

We evaluated the content of 50+ online resources for learning Quant Finance and picked out the top 11 recommendations 1) IIT Kanpur Quant Finance course by Professor Raghu Nandan - https://lnkd.in/dHewAfYc 2) IIT Bombay, Stochastic Process course by Prof. Manjesh Hanawal https://lnkd.in/gRq6f-NJ 3) MIT Financial Mathematics course - https://lnkd.in/gwmmyWrz 4) Yale Univerity Quantitative Finance course - https://lnkd.in/gqGXFGeZ 5) Mathematical Methods for Quantitative Finance - https://lnkd.in/gPTRQMdc 6) IIT Guwahati - Mathematical Finance https://lnkd.in/gHwrzhEa 7) Introduction to computer science and programming in Python - https://lnkd.in/gFX4XZPp 8) Computational Finance by Leipzig University- https://lnkd.in/gHMkr8Ue 9) IIT Kanpur Probability and Stochastics for Finance - by Professor Joydeep Dutta - https://lnkd.in/ggDJkVgE 10) Harvard Applied Mathematics - https://lnkd.in/gzrYZ7Ne 11) Harvard CS50 – Full Computer Science University Course - https://lnkd.in/gK9qVMQX (If you don't have a coding background) We are conducting a masterclass at Quant Insider "Cracking a Career as a Quant, Quant Developer, or Strat." with Andrey Chirikhin, " He will be talking about the following - Cracking the first quant role across the Buy side, sell side, Fintech, and Financial Consulting. - How to build a long-term career and grow as a Quant Professional - The inside of the Quant Industry across different roles. - Required skill sets (hard and soft skills) - Daily task of a Quant and how to excel them to faster career trajectory Date - 13th October 2024 (Sunday) Time - 9:30 PM IST / 5:00 PM London time Registration Link - https://lnkd.in/gikCxT72 ------------------------------------------------------------------------------------- ➡ Kickstart your Quant Interview Prep ↗ ‘Interview Byte’ contains 500+ Interview questions (https://lnkd.in/gkqcrrKf) ↗ Quant Insider Project Handbook has 15 industry-oriented projects, which include 10 industry-oriented projects based on challenges conducted by Top HFT's and Hedge Funds. (https://lnkd.in/gWBEn78U) ↗ Check out Quant Insider Stack - https://lnkd.in/gcfdUEfg A Bundle of Interview Byte and Project Handbook Quant Insider Career Catalyst is your guide to all interview prep tips, preparation roadmap and job application strategies (https://lnkd.in/gVhA4tNG) Quant Insider Resume Writing / Review Session - You will learn to make a tailored resume for the Job Description make effective use of keywords, and bullet points to create an impactful resume. https://lnkd.in/gi6yznXa Machine Learning for Finance course- Designed by Industry Veterans Hariom Tatsat, CQF, FRM with years of working at Wallstreet - https://lnkd.in/gtJDWcus Use Coupon code - "EARLYBIRD20" for 20% off on the ML for Finance course

I am currently working with a top-tier investment bank in NYC. Based on the trading result this year, they are looking to aggressively grow their power and gas trading quant team. Front Office Quantitative Strategist | $250k-500k+ TC - 3-7 YOE - Expertise in Oil & Gas Space - Derivative Modelling and Structuring Experience - FO Experience - Extensive experience programming in C++ and Python If you or anyone in your network is interested, please send over an updated resume to claire.dailey@selbyjennings.com for a confidential conversation!

Baruch College is a rising star when it comes to its MS in Financial Engineering (MFE) program, Here are lecture notes on "Arbitrage-free SVI volatility surfaces" by Jim Gatheral (Ex-Managing Director Merrill Lynch) We are conducting a masterclass at Quant Insider "Cracking a Career as a Quant, Quant Developer, or Strat." with Andrey Chirikhin, " He will be talking about the following - Cracking the first quant role across the Buy side, sell side, Fintech, and Financial Consulting. - How to build a long-term career and grow as a Quant Professional - The inside of the Quant Industry across different roles. - Required skill sets (hard and soft skills) - Daily task of a Quant and how to excel them to faster career trajectory Date - 13th October 2024 (Sunday) Time - 9:30 PM IST / 5:00 PM London time Registration Link - https://lnkd.in/gikCxT72 ------------------------------------------------------------------------------------- ➡ Kickstart your Quant Interview Prep ↗ ‘Interview Byte’ contains 500+ Interview questions (https://lnkd.in/gkqcrrKf) ↗ Quant Insider Project Handbook has 15 industry-oriented projects, which include 10 industry-oriented projects based on challenges conducted by Top HFT's and Hedge Funds. (https://lnkd.in/gWBEn78U) ↗ Check out Quant Insider Stack - https://lnkd.in/gcfdUEfg A Bundle of Interview Byte and Project Handbook Quant Insider Career Catalyst is your guide to all interview prep tips, preparation roadmap and job application strategies (https://lnkd.in/gVhA4tNG) Quant Insider Resume Writing / Review Session - You will learn to make a tailored resume for the Job Description make effective use of keywords, and bullet points to create an impactful resume. https://lnkd.in/gi6yznXa Machine Learning for Finance course- Designed by Industry Veterans Hariom Tatsat, CQF, FRM with years of working at Wallstreet - https://lnkd.in/gtJDWcus Use Coupon code - "EARLYBIRD20" for 20% off on the ML for Finance course

Point72 hiring for summer internships

This Mathematical Finance CheatSheet will help you Ace your Quant Interviews It covers important Stochastic Calculus topics and Quantitative Models We are conducting a masterclass at Quant Insider "Cracking a Career as a Quant, Quant Developer, or Strat." with Andrey Chirikhin, " He will be talking about the following - Cracking the first quant role across the Buy side, sell side, Fintech, and Financial consulting. - How to build a long-term career and grow as a Quant Professional - The inside of the Quant Industry across different roles. - Required skill sets (hard and soft skills) - Daily task of a Quant and how to excel them to faster career trajectory Date - 13th October 2024 (Sunday) Time - 9:30 PM IST / 5:00 PM London time Registration Link - https://lnkd.in/gikCxT72 ------------------------------------------------------------------------------------- ➡ Kickstart your Quant Interview Prep ↗ ‘Interview Byte’ contains 500+ Interview questions (https://lnkd.in/gkqcrrKf) ↗ Quant Insider Project Handbook has 15 industry-oriented projects, which include 10 industry-oriented projects based on challenges conducted by Top HFT's and Hedge Funds. (https://lnkd.in/gWBEn78U) ↗ Check out Quant Insider Stack - https://lnkd.in/gcfdUEfg A Bundle of Interview Byte and Project Handbook Quant Insider Career Catalyst is your guide to all interview prep tips, preparation roadmap and job application strategies (https://lnkd.in/gVhA4tNG) Quant Insider Resume Writing / Review Session - You will learn to make a tailored resume for the Job Description make effective use of keywords, and bullet points to create an impactful resume. https://lnkd.in/gi6yznXa Machine Learning for Finance course- Designed by Industry Veterans Hariom Tatsat, CQF, FRM with years of working at Wallstreet - https://lnkd.in/gtJDWcus Use Coupon code - "EARLYBIRD20" for 20% off on the ML for Finance course

Acuity Knowledge Partners is seeking Senior Associates/Associates for Qualitative Research in the banking & insurance sector in Gurgaon. The position offers a hybrid work mode with rotational shifts covering US, UK & APAC time zones. If you are interested in this opportunity, kindly share your resumes at archita.rai@acuitykp.com.

This you will not find on YouTube or any other platform, Understanding the concept of New Business, Unrealized PnL, Realized PnL, and Day-on-Day Unrealized PnL is crucially important for anyone working as a quant, especially in trading, risk management, and portfolio management roles. The image provides a detailed breakdown of the different components of Profit and Loss (PnL) tracking for a trading session, distinguishing between "New Business," "Unrealized PnL," "Realized PnL," and "Day on Day Unrealized PnL." Here's an analysis of each component and how they are calculated: Key Components in the Chart: New Business (Blue Section) This refers to the intraday PnL that arises from opening or increasing a position, whether long or short. In the table, this is highlighted when a new trade is initiated. For example, on Day 1, a buy order of 1 share of Stock A at $100 results in a new business PnL of $10, which is the difference between the closing price ($110) and the purchase price. Unrealized PnL (Green Section) Unrealized PnL refers to the potential PnL if the position were fully liquidated at the current market price. It tracks the market value of the current position without any actual selling. For example, on Day 1, after buying Stock A for $100, its price increases to $110, resulting in a $10 unrealized PnL. It continues to update until the position is closed, such as on Day 3 when the stock is sold at $115, realizing $5. Realized PnL (Red Section) Realized PnL refers to the profit or loss made by actually selling or reducing a position. For instance, on Day 3, the sell order at $115 results in a realized PnL of $5. The realized PnL accumulates over time, shown in the "Session Realized" and "Cumulative Realized" columns. Day on Day Unrealized PnL (Purple Section) This shows the change in the unrealized PnL from the previous day. It helps track day-to-day fluctuations in market value, without any position changes. For example, from Day 1 to Day 2, the unrealized PnL stays at $10, as the market value of Stock A remains at $120. However, on Day 3, the unrealized PnL drops to $0 when the stock is sold, and thus there is no further day-to-day unrealized movement. We are conducting a masterclass at Quant Insider "Cracking a Career as a Quant, Quant Developer, or Strat." with Andrey Chirikhin, " He will be talking about the following - Cracking the first quant role across the Buy side, sell side, Fintech, and Financial consulting. - How to build a long-term career and grow as a Quant Professional - The inside of the Quant Industry across different roles. - Required skill sets (hard and soft skills) - Daily task of a Quant and how to excel them to faster career trajectory Date - 13th October 2024 (Sunday) Time - 9:30 PM IST / 5:00 PM London time Registration Link - https://lnkd.in/gikCxT72 (PPT credit Andrey Chirikhin and QA profession Course -https://lnkd.in/gikuMSRg)

In the SABR model, Nu and Rho are key parameters that influence the shape of the volatility smile Nu (ν) in the SABR Model: Nu is referred to as the "volatility of volatility" parameter. It measures the extent to which the volatility itself is expected to fluctuate over time for the forward rate process. Impact on the Volatility Smile: Nu affects the height of the volatility smile: High Nu: Results in a steeper and more pronounced smile, meaning more variability in implied volatility across different strike prices. Low Nu: Leads to a flatter smile, with less variation in implied volatility. This can be observed by analyzing the prices of straddles and strangles, which involve options at strikes equidistant from the at-the-money (ATM) level. Plot Explanation (Left Plot): Red Line (High Nu): represents a higher value of Nu, leading to a taller parabolic curve. The implied volatility is higher for both in-the-money and out-of-the-money options, and the smile curve reaches a higher peak. Green Dashed Line (Low Nu): represents a lower value of Nu, leading to a flatter, shorter smile. Lower Nu results in less variability in implied volatility across strike prices. Rho (ρ) in the SABR Model: Rho represents the correlation between the forward rate and its volatility. It determines the skewness or slope of the volatility smile and reflects how the forward price movement relates to changes in volatility. Impact on the Volatility Smile: Rho affects the slope of the volatility smile: High Rho: Results in a steeper slope or tilt in the volatility smile, meaning the implied volatility increases more rapidly for out-of-the-money calls and decreases faster for out-of-the-money puts. Low Rho: Leads to a flatter or less tilted volatility smile, with less pronounced changes in volatility. Plot Explanation (Right Plot): Blue Line (High Rho): Represents a higher value of Rho, leading to a steeper slope in the smile. The volatility increases more rapidly for out-of-the-money call options and decreases faster for out-of-the-money put options. Orange Dashed Line (Low Rho): Represents a lower value of Rho, leading to a flatter slope in the smile. Changes in implied volatility with respect to strike prices are less pronounced. We are conducting a masterclass at Quant Insider "Cracking a Career as a Quant, Quant Developer, or Strat." with Andrey Chirikhin, " Date - 13th October 2024 (Sunday) Time - 9:30 PM IST / 5:00 PM London time Registration Link - https://lnkd.in/gikCxT72 ------------------------------------------------------- ➡ Kickstart your Quant Interview Prep ↗ ‘Interview Byte’ contains 500+ Interview questions (https://lnkd.in/gkqcrrKf) ↗ Quant Insider Project Handbook has 15 industry-oriented projects, which include 10 industry-oriented projects based on challenges conducted by Top HFT's and Hedge Funds. (https://lnkd.in/gWBEn78U) ↗ Check out Quant Insider Stack - https://lnkd.in/gcfdUEfg A Bundle of Interview Byte and Project Handbook

Don't miss out on the 13th October masterclass with Andrey Chirikhin "Cracking a Career as a Quant, Quant Developer, or Strat." with Andrey Chirikhin, " He will be talking about the following - Cracking the first quant role across the Buy side, sell side, Fintech, and Financial consulting. - How to build a long-term career and grow as a Quant Professional - The inside of the Quant Industry across different roles. - Required skill sets (hard and soft skills) - Daily task of a Quant and how to excel them to faster career trajectory Date - 13th October 2024 (Sunday) Time - 9:30 PM IST / 5:00 PM London time Registration Link - https://lnkd.in/gikCxT72

We are conducting a masterclass at Quant Insider "Cracking a Career as a Quant, Quant Developer, or Strat." with Andrey Chirikhin, " He will be talking about the following - Cracking the first quant role across the Buy side, sell side, Fintech, and Financial consulting. - How to build a long-term career and grow as a Quant Professional - The inside of the Quant Industry across different roles. - Required skill sets (hard and soft skills) - Daily task of a Quant and how to excel them to faster career trajectory Date - 13th October 2024 (Sunday) Time - 9:30 PM IST / 5:00 PM London time Registration Link - https://lnkd.in/gikCxT72