4 ms·

Could this replace quants?

• helsinki 3y ago
  No, because when every player is using it, they will need something else to give them an edge. Anyways, quants do a lot more than time-series forecasting.
• mhh__ 3y ago
  Most quants work on the sell-side where direct forecasting is almost irrelevant (to an academic, a trader perhaps not...), in that they are usually attempting to "interpolate" market prices to be able to price derivatives.
  • chronic7490 3y ago
    > Most quants work on the sell-side where direct forecasting is almost irrelevant Those aren’t real quants. Even the sell-side quants know they aren’t real quants. For those unfamiliar, sell-side quants typically work at banks like Goldman, HSBC, JPMorgan, etc. The real quants are buy-side quants/traders: prop shops, hedge funds, endowment/pensions funds, etc.
    • mhh__ 3y ago
      Why would someone working as an algorithmic market maker on the sell-side not be a "real" quant? I work on the buy-side for the record.