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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

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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

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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.

Recent Employers of UCLA Anderson MFEs within this career path: