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So what exactly does Goldman Sachs do techwise? What is all this software infra? Quant finance stuff? HFT?

• Cybergenik 5y ago
  Yeah a lot of it is Quant Infra, but there's also a lot of internal applications for dealing with different aspects of their consumer facing business. On top of this, there's also a lot tools that are not customer facing and are just to track different aspects of the business and every day operations.
• RobRivera 5y ago
  depends on the desk and division. Global markets does there execution business to drive price execution improvements, liquidity seeking algos mostly. QIS - quant investment management services is more asset management using data science. they dont do hft, thats more Millenium or point72, maybe citidel. end of day they use tech to drive reduced cogs and keep in clients. the front office folks bake off against Morgan Stanley, UBS, et all to offer bespoke products that are ' new and sexy omg wow ' slang is neat insofar as access is concerned, but as one former CFO once said WHY TF U STILL USING SECDB?
  • Cybergenik 5y ago
    LOL SecDB, I remember that...
    • barbazoo 5y ago
      Made me look it up. Sounds interesting. I've never really thought about risk from the executive level. Must be the holy grail to be able to know how much risk one is taking at any given point.
      • rjsw 5y ago
        You might like to watch Margin Call [1]. [1] https://en.wikipedia.org/wiki/Margin_Call https://en.wikipedia.org/wiki/Margin_Call
  • bidirectional 5y ago
    SecDB is one of the greatest technological achievements in finance.
    • RobRivera 5y ago
      eh