Something I've been wondering about ...

  • Thread starter Thread starter DanM
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DanM

Math Student
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This may seem like a naive question - but why don't financial institutions have quants simply focus on developing the algorithms (for pricing derivatives for example) and have programmers implement them in C++ or whatever.
 
So what's the difference between the programming a quantitative analyst does, as opposed to a quant developer?
 
Don't read too much into the title of a position. Many times, researchers would be the ones who code up their models as well, even in prototype langues like Matlab. Quant developers would then build/extend/maintain the system and move them to production languages like C++/.NET/Python/etc. The heavy lifting part is done by quant developers and quant analysts.
 
Don't read too much into the title of a position. Many times, researchers would be the ones who code up their models as well, even in prototype langues like Matlab. Quant developers would then build/extend/maintain the system and move them to production languages like C++/.NET/Python/etc. The heavy lifting part is done by quant developers and quant analysts.

Good response. Thanks!
 
Hi,

i can't speak for other institutions, but we do this. However, we often require our computer guys and our mathematicians to meet frequently. This means that either our programmer has to have a mathematical background, or our math guy must have a programming background. Someone has to translate....
 
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