From the analysis of job types, the professional owners related to quantitative finance are: quantitative researcher, quantitative analyst, quantitative trader, quantitative development engineer and so on. Although having good basic knowledge of mathematics, programming and finance is a necessary accomplishment in the quantitative finance industry, the emphasis of different positions is not the same.
CQF quantifies the development of financial analysts.
At present, the enrollment scope of CQF has expanded to the whole world, with students from North America, South America, Europe and Asia. In order to adapt to the global expansion of CQF project, CQF has set up its headquarters in London and training centers in Wall Street, French, Singaporean, Hongkong and Chinese mainland.
CQF· Holder's Career Direction —— Quantitative Trader
No matter securities companies, futures companies or private equity funds, the requirements for traders are relatively high, because transactions are directly linked to funds, and both quantitative research and fundamental analysis will eventually be implemented in transactions. Therefore, the link of quantitative trading is particularly important.
The market-making department of futures companies is the trading department, and traders are often recruited on major job-seeking websites. In recent years, the booming market-making business of futures companies has greatly increased the demand for talents with financial foundation and programming ability. Futures market-making departments include on-site market-making and off-site market-making On-market market making is mainly the arbitrage of on-market options and futures, while off-market market making requires more options pricing. Its main job is to formulate option contracts and match customers.
The Career Direction of CQF· Holder —— Quantitative Analyst/Researcher
The quantitative research of securities companies mainly focuses on equity and fixed income, such as the multi-factor model research of stocks and the investment research model of fixed income assets. These positions require relative familiarity with the domestic financial market background and a solid foundation in financial basic knowledge such as asset allocation and risk model. At the same time, because they need a lot of data analysis, they have certain requirements for programming ability, and python is the mainstream. Reading and understanding foreign literature in the financial field and realizing relevant models are also important skills, so English and realizing thesis models are also necessary skills.
CQF· Holder's Career Direction —— Quantitative Development Engineer
Compared with quantitative research and traders, quantitative development needs to understand programming and learn more software development tools, such as version management git, database SQL, Linux operating system and so on. If you are engaged in the development of algorithm trading, you need a solid basic knowledge of mathematics. The daily work of quantitative development is mainly to support the daily trading needs of traders and realize trading strategies and algorithms. Compared with Quantitative research, quantitative development and quantitative trading are more closely linked, because quant needs developers to provide trading tools, including algorithm implementation, problem handling in the process of strategy implementation, transaction data statistics, etc., while quantitative researchers are more to provide customers with valuable research reports.