A "quant" career in sales and trading usually involves working in on the derivatives desks either in working with and responding to customer needs and/or making trades - either for a customer ("flow") or for the firm ("prop"). In addition to straight bonds and equities, products usually also involve swaps, options, forward and futures contracts and a host of plain vanilla and bespoke structured products.
Bank of America Merrill Lynch
J P Morgan
Wells Fargo Bank
Sample Job Titles
Assistant Treasurer, Proprietary Trading
Associate, Global Markets Sales & Trading
Associate, Interest Rate Derivatives
Associate, Mortgage Backed Securities
Debt Markets Associate
Equity Derivatives Trading
Fixed Income Sales and Trading
Vice President, Global Equity
Vice President, Quantitative Equity Options
After earning a bachelor's degree in economics, Betty spent 6 years working as a technologist, financial engineer, and trader in the filed of electronic options market-making. Wishing to combine her diverse work experience with equally diverse academic training, Betty enrolled in the MSCF program in 2006. Upon graduating in December 2007, Betty joined the London office of GETCO LLC as an algorithmic trader.
GETCO uses proprietary technology to engage in high-frequency trading with the firm's own account on many of the world's major exchanges, ECNs, and ATSs. GETCO transacts business in cash, futures, and options products across four asset classes- equities, fixed income, currencies and commodities- in the U.S., European and Asian time zones. While their primary business objective is generating profits from principal trading, GETCO has grown to serve an important role in improving the overall efficiency of global financial markets by increasing liquidity, facilitating risk transfer, and lowering the cost of capital for market participants.
In Betty's new role she divides her time between trading and designing new trading strategies. As she makes new observations of the market and GETCO's trading systems, Betty recognizes new trading opportunities and collaborates with other trading and technology associates to develop new or improved algorithms that will increase firm-wide profitability. She has enjoyed working on inter-disciplinary teams, which often include leading thinkers at the intersection of financial markets and technology. Betty also appreciates the professional flexibility that GETCO provides by moving traders to new products and asset classes to spread new ideas throughout the company and to help each associate develop a holistic view of the financial markets.