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The SEC rules if you're in the US are quite strict. You likely wouldn't be able to do quantitative trading own your own while working at a quant. Though, it mig
by phibz 3y ago
The SEC rules if you're in the US are quite strict. You likely wouldn't be able to do quantitative trading own your own while working at a quant. Though, it might help you get hired as a modeler.
- fnordpiglet 3y agoThis is untrue. You generally can’t if you’re working for a broker dealer but you absolutely can trade for your own account working for a hedge fund. The fund might consider it a conflict of interest but the SEC won’t care.
- chronic62625 3y ago> You likely wouldn't be able to do quantitative trading own your own while working at a quant Sell-side bank like JPMorgan, HSBC, then yes you are correct. Buy-side hedge fund or prop shop, no you are wrong. The SEC/CFTC does not care what you trade in your personal account.
- phibz 3y agoI meant that logistically you'd not be able to do it. Sure you can still trade of course. but you might need things like preauthorization for every trade, and have to hold them for a given time before selling, which kinda makes algorithmic trading more difficult. But hey ya'll just pile on. o/