What is Quant Trading/Sales and Trading?
The execution of financial transactions that provide liquidity is the essence of sales and trading. Quant trading originated from the convergence of the trader and quant roles. A quant trader’s main focus is on the computational side of finance. If you want to be a quant trader, you will need a strong skill set in quantitative research and have a clear understanding of the market’s position and direction.
Justin Tan (MFE ’19)
Trader at IMC Trading
“Quant trading is a demanding industry to work in. A job in trading is fast-paced and high-stress, but it can be really rewarding as well. Traders can trade on a different frequency spectrum. On one end, high-frequency trading involves market makers providing liquidity to the marketplace, carrying minimal risk in a short period of time, attempting to profit on the bid/ask spread. On the other end, more speculative quant traders look for signals and/or information to take longer-term positions, looking to profit when closing said positions.”
Dhamodharan Sugumaran (MFE ’16)
Data Scientist/Quant | Equities Algorithmic Trading at RBC Capital Markets
New York City
“I work on the Front-Office Electronic Trading Team at RBC Capital Markets. My day-to-day responsibilities include researching and developing statistics that help optimize the trading performance of institutional clients, building statistical tools to help monitor and track trade execution behavior, and liaising with technology teams to deliver global analytical products used to drive client engagement. Quantitative problem solving and programming are two things I enjoyed the most as a student in the UCLA MFE program, and they are integral to my current role here at RBC.”
Kevin Manouchehri (MFE ’21)
Equity Derivative Trading at Societe Generale
New York City
“UCLA Anderson’s MFE program has enabled me to overcome many challenges of the fast-paced world of finance. As an equity derivative quant trader, I support multiple desks and work with a diverse range of assets classes, products and risks. My role allows me to learn from global leaders of the industry and apply that knowledge to the various tasks I am responsible for, such as trading during market hours and working on product development afterward. Finally, I enjoy the perks of having a job that requires a lot of interaction among team members and external counterparties while simultaneously affording me space to program new tools and reports.”