Re:We only hire the best means we only hire the trendiest (2...
by shortoncash on Tuesday October 31, 2017 @08:32AM
(#15592715)
Trading always has this trade off in terms of (dumb and fast) vs (smart and slow). In the past few years, I think it's been more beneficial to be fast enough, but very smart. So, in this sense, technical ability only takes you so far since "smarts" come from domain expertise or, plainly, just creativity. Team composition matters, since your technical guy needs to be complemented. The objective, of course, is making your team take your organization towards the holy grail of (smart and fast). I'm not sure if this directly answers your question, but perhaps it describes the scenario in which technical ability isn't everything.
I do not think assembling a team for HFT is easy at all, especially now. There are a lot of good reasons for being very peculiar and selective. I am not sure industry outsiders who are just applying understand the dynamic or, in many cases, why a seemingly great candidate is rejected.
2. That fun might have these heuristics that GP talks of, and for them, the people they hire may well be the best for them. As in, motivated and attitudinally oriented towards what they want, and more able to work free from the assumptions of _knowing_ how it's done in finance. They may be wrong in your case, but that's how heuristics work. To me, that's less of a bullshit case than trendy languages etc.