Tag: quants

Today a very sophisticated systematic (quantitative) trader said “Discretionary trading wasn’t around before the 1980′s.” I am still stunned. Maybe he is 22 years old or something…. but can anyone explain this to me? He might have met “money managed in a discretionary manner” but still…….

Uh…. up almost 1000 points at the relative speed of light? The pace of the markets has changed a bit wouldn’t you say? In other words, take a quant driven hedge fund, add an intraday momentum algorithm, put a server at the exchange and HOLD ON for dear life. For now let’s call this “quants [...]