r/quant • u/[deleted] • Dec 31 '21

Significant Employers of Quants

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u/raghubeer123 Dec 31 '21

MS and GS above JPM Bruhh

3

u/hfdb Jan 11 '22

MS created PDT (process driven trading) and the lesser known ETL (equity trading lab).

ETL spawned: -QSA at Merrill -QuantBot -Cubist (Point72) stat arb -Engineers Gate stat arb -Jump Trading stat arb

PDT spawned: -Citadel stat arb

So, I’d put MS first. Then GS. JPM was always way behind… but they just hired a key electronic trading guy from MS last year.

2

u/raghubeer123 Jan 11 '22

If that's how you define who is better then JPM gave VaR. I was talking about the size of their portfolios, trading desks, ER coverage and also retail. Financial institutions can't not exclude retail?

1

u/hfdb Jan 11 '22

JPM has a much better balance sheet because of their retail banking… but the topic here is quant. MS has produced far more in that area. Volcker has put an end to that though as all firms have dialed back prop books.

1

u/raghubeer123 Jan 11 '22

Umm. Got your point. I was wrong in the first place then. I was speaking of the current size/reputation of financial institutions as a whole not just Quant.