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Serious question: If someone is smart and capable enough to work on tangible things like AI systems or self-driving cars, why should they choose the NYSE outsid

Serious question: If someone is smart and capable enough to work on tangible things like AI systems or self-driving cars, why should they choose the NYSE outside of pure monetary reasons or affinity for a “modern” tech stack?

DontchaKnowit 4y ago
Serious Answer : There are problems in Fintech that are absolutely worth solving for altruistic reasons. One that I think is very important and might even need to incorporate AI is this : Larger financial institutions have access WAY more and WAY higher quality data surrounding stocks and options. For example, publicly available SEC filings contain extremely useful information about companies. Professional traders have access to services which provide this data accurately in programatic form (like an API). Us normal people have only the SEC filings themselves, which are enormous documents. It would be impossible to read them fast enough to ever catch up on all of them in the last say year. There are free APIs, but they are absolute dogshit and provide incomplete and inaccurate information. If someone could democratize this and provide this info for free or cheap to the public, it would be an enormous benefit to the general public.
misja111 4y ago
You're not making it easy to get any answers, if you cut out 2 of the main reasons for people in general to change jobs.
- anonred 4y ago
  I consider these things table stakes when choosing a job.
ynniv 4y ago
I'm not recruiting for them, just sharing my experience. I included their careers link for people who might be interested because I know they're always looking for good engineers.
hinkley 4y ago
There’s also geography. You go far enough East and you have mostly public sector or defense jobs. A little smattering of insurance data processing. And then fintech. illinois.edu has one of the top rated CS programs, but once you graduate there are not a lot of options but to move to one of the coasts, or move back/to Chicago and try your luck there. Second City has a good deal of fintech.
godshatter 4y ago
Wouldn't working with systems that keep the largest stock exchange for the largest economy in the world running where a simple mistake can cause "mayhem" when the market opens be considered more "tangible" than working in AI or on self-driving cars? It just doesn't have as much street cred as working on those particular projects in the tech community.
- dylan604 4y ago
  Not necessarily. If you're the type that's into finance, then sure, that might get you out of bed in the morning. I'm not into finance and kind stand the culture that surround finance. Yes, it's big and touches every single one of us, but doesn't mean I want to embrace it and go to work in it every day. If I can take that same skill set and apply it to something with a much better culture surrounding it that affects people in a positive way, then I would definitely choose that over finance any day of the week and twice on Sunday. At the end of the day, if the NYSE did not exist, the world would continue to turn. It's just not that big of a deal to a heck of a lot of people.
  - yibg 4y ago
    Will the world stop turning if people stopped working on self driving cars or AI?
    - dylan604 4y ago
      i'm guessing you're trying to make a point here, but care to elaborate on what it is? i think you well know the answer to the question
  - idiotsecant 4y ago
    >if the NYSE did not exist, the world would continue to turn This is startlingly ignorant of the complex machine that is the modern economic system. If something like the NYSE was to shut down today it would be pandemonium. There is a difference between 'I don't understand how something works' and 'I don't understand how something works, so it is worthless'. The former is healthy and the first step to understanding, the latter is ignorant, and the first step to getting more ignorant.
JBlue42 4y ago
>If someone is smart and capable enough to work on tangible things like AI systems or self-driving cars Maybe they aren't as smart as they think they are? Or they find that there are interesting problems to solve in fintech? Problems they can tackle and see resolved in a realistic time frame vs 'tangible' (?) self-driving cars or chat bots. I know AI encompasses a far larger range of things but right now, what problems is it solving? Artists, writers, and others can do that work. What do self-driving cars resolve beyond continuing the dominance of car culture in a world that could have better public transit and safer infrastructure?
barneygale 4y ago
You answered your own question. The only motivation is greed.
- DontchaKnowit 4y ago
  Taking a well paying job is greedy? What planet are you living on?

DontchaKnowit 4y ago

Serious Answer : There are problems in Fintech that are absolutely worth solving for altruistic reasons. One that I think is very important and might even need to incorporate AI is this : Larger financial institutions have access WAY more and WAY higher quality data surrounding stocks and options. For example, publicly available SEC filings contain extremely useful information about companies. Professional traders have access to services which provide this data accurately in programatic form (like an API). Us normal people have only the SEC filings themselves, which are enormous documents. It would be impossible to read them fast enough to ever catch up on all of them in the last say year. There are free APIs, but they are absolute dogshit and provide incomplete and inaccurate information. If someone could democratize this and provide this info for free or cheap to the public, it would be an enormous benefit to the general public.

misja111 4y ago

You're not making it easy to get any answers, if you cut out 2 of the main reasons for people in general to change jobs.

anonred 4y ago
I consider these things table stakes when choosing a job.

ynniv 4y ago

I'm not recruiting for them, just sharing my experience. I included their careers link for people who might be interested because I know they're always looking for good engineers.

hinkley 4y ago

There’s also geography. You go far enough East and you have mostly public sector or defense jobs. A little smattering of insurance data processing. And then fintech. illinois.edu has one of the top rated CS programs, but once you graduate there are not a lot of options but to move to one of the coasts, or move back/to Chicago and try your luck there. Second City has a good deal of fintech.

godshatter 4y ago

Wouldn't working with systems that keep the largest stock exchange for the largest economy in the world running where a simple mistake can cause "mayhem" when the market opens be considered more "tangible" than working in AI or on self-driving cars? It just doesn't have as much street cred as working on those particular projects in the tech community.

dylan604 4y ago
Not necessarily. If you're the type that's into finance, then sure, that might get you out of bed in the morning. I'm not into finance and kind stand the culture that surround finance. Yes, it's big and touches every single one of us, but doesn't mean I want to embrace it and go to work in it every day. If I can take that same skill set and apply it to something with a much better culture surrounding it that affects people in a positive way, then I would definitely choose that over finance any day of the week and twice on Sunday. At the end of the day, if the NYSE did not exist, the world would continue to turn. It's just not that big of a deal to a heck of a lot of people.
- yibg 4y ago
  Will the world stop turning if people stopped working on self driving cars or AI?
  - dylan604 4y ago
    i'm guessing you're trying to make a point here, but care to elaborate on what it is? i think you well know the answer to the question
- idiotsecant 4y ago
  >if the NYSE did not exist, the world would continue to turn This is startlingly ignorant of the complex machine that is the modern economic system. If something like the NYSE was to shut down today it would be pandemonium. There is a difference between 'I don't understand how something works' and 'I don't understand how something works, so it is worthless'. The former is healthy and the first step to understanding, the latter is ignorant, and the first step to getting more ignorant.

JBlue42 4y ago

>If someone is smart and capable enough to work on tangible things like AI systems or self-driving cars Maybe they aren't as smart as they think they are? Or they find that there are interesting problems to solve in fintech? Problems they can tackle and see resolved in a realistic time frame vs 'tangible' (?) self-driving cars or chat bots. I know AI encompasses a far larger range of things but right now, what problems is it solving? Artists, writers, and others can do that work. What do self-driving cars resolve beyond continuing the dominance of car culture in a world that could have better public transit and safer infrastructure?

barneygale 4y ago

You answered your own question. The only motivation is greed.

DontchaKnowit 4y ago
Taking a well paying job is greedy? What planet are you living on?