Re:A summary of what quantitative trading firms do
by whoisninja on Saturday January 20, 2018 @11:32PM
(#16196864)
This alludes that all quantitative trading is high frequency trading. I would think all high frequency trading is quantitative trading but converse is not always true.
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Re:A summary of what quantitative trading firms do
by whoisninja on Saturday January 20, 2018 @11:36PM
(#16196876)
Because then one of the most successful quant funds like twosigma and rentec are not doing quant trading since hft is only small portion of their business. You cannot manage 50B in an hft strategy single handedly. The author lives in a different dimension, but my dimension could be wrong!
Re:A summary of what quantitative trading firms do
by georgeek on Sunday January 21, 2018 @03:54AM
(#16197367)
HFT is best defined as predicting movements under a tick; everything above a tick is out of HFT territory. Latency requirements could still be pretty serious though, as many models at many firms can act simultaneously for longer frequencies as well.
Re:A summary of what quantitative trading firms do
by DrBazza on Sunday January 21, 2018 @06:23AM
(#16197661)
Also low latency trading is not always high frequency trading. Low latency trading can just be about getting queue priority.
Re:A summary of what quantitative trading firms do
by mathattack on Sunday January 21, 2018 @12:50AM
(#16197036)
Exactly. Quant funds like AQR do very little high frequency trading.
Re:A summary of what quantitative trading firms do
by axlprose on Sunday January 21, 2018 @04:51AM
(#16197466)
Indeed. One of my favorite finance talks is "A Breif and Biased Survey of Quantitative Investing" by AQR's Cliff Asness, which talks about what quant funds actually are. Link for those curious: