- Joined
- 2/22/13
- Messages
- 1
- Points
- 11
Hi there,
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I understand QuantNet is aimed to serve the quant community so I hope no one will be too bothered if I take up a small slice of forum space with this somewhat left-field, general query:
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To cut a long story short, after spending a couple of years as a research analyst, I threw it all away to study the futures markets and day-trade with my own modest (stress on word modest) capital. Basically I anticipate stop-runs and pre-emptively place orders where I guess the stop run might exhaust itself.
_
Anyway, I simply can't make enough money to justify maintaining this insanely isolating lifestyle, and I've started looking around for entry-level-ish jobs. As mentally saturated as I currently feel with the financial markets, the only job descriptions that elicit any excitement from me, remain, market related.
_
I lack the education & skills to pursue any heavily quantitative career path, but believe I could do some good, at least as a start, in a more supportive role. I feel inwardly embarrassed that I have so little knowledge about the day-to-day business of a typical fund, and would really appreciate if someone could shed light on what these vague job responsibilities really entail (in the context of a fund's trading assistant):
_
* Monitor and respond to incoming market information, economic announcements, and general trading activity to maintain correct pricing of derivatives and manage risk in portfolio.
* Assist in managing risk and perform detailed PnL reconciliation.
* Support credit trading operations through booking trades and coordinating trade reconciliation with Back Office Administrator & broker/dealers
* Confirm and verify the accuracy of trade related data
* Assist in the execution of trades, as needed
* Utilize analytical problem solving skills to troubleshoot trading systems and improve operation and platform
_
P.S. I passed CFA lvl 1 examination a few years ago, that's about as deep as my financial knowledge goes. Much appreciated any thoughts
_
I understand QuantNet is aimed to serve the quant community so I hope no one will be too bothered if I take up a small slice of forum space with this somewhat left-field, general query:
_
To cut a long story short, after spending a couple of years as a research analyst, I threw it all away to study the futures markets and day-trade with my own modest (stress on word modest) capital. Basically I anticipate stop-runs and pre-emptively place orders where I guess the stop run might exhaust itself.
_
Anyway, I simply can't make enough money to justify maintaining this insanely isolating lifestyle, and I've started looking around for entry-level-ish jobs. As mentally saturated as I currently feel with the financial markets, the only job descriptions that elicit any excitement from me, remain, market related.
_
I lack the education & skills to pursue any heavily quantitative career path, but believe I could do some good, at least as a start, in a more supportive role. I feel inwardly embarrassed that I have so little knowledge about the day-to-day business of a typical fund, and would really appreciate if someone could shed light on what these vague job responsibilities really entail (in the context of a fund's trading assistant):
_
* Monitor and respond to incoming market information, economic announcements, and general trading activity to maintain correct pricing of derivatives and manage risk in portfolio.
* Assist in managing risk and perform detailed PnL reconciliation.
* Support credit trading operations through booking trades and coordinating trade reconciliation with Back Office Administrator & broker/dealers
* Confirm and verify the accuracy of trade related data
* Assist in the execution of trades, as needed
* Utilize analytical problem solving skills to troubleshoot trading systems and improve operation and platform
_
P.S. I passed CFA lvl 1 examination a few years ago, that's about as deep as my financial knowledge goes. Much appreciated any thoughts