KEEP UP WITH OPTIONSCITY

Meet the OptionsCity Interns

For college students, summer is a time for exploring. Whether it’s with a study abroad program or a seasonal job, summer is a time when students can get out of the classroom and into the real world. Without the time constraints of a heavy course load, many students seek out internships to build experience and develop skills that will help them develop a career after graduation. This year at OptionsCity, we launched an internship program to give students a chance to learn about our industry and how we provide solutions that traders use every day. One of our key objectives was to make sure that our interns worked on real projects and made a lasting impact during their short time at OptionsCity. We wanted to avoid giving our interns “busy work” or limiting them with tasks that wouldn’t prepare them for a career. The work that our interns have produced this summer will be available for our customers to use in production in upcoming versions of our software. Since our interns will be heading back to school soon, I sat down with them to discuss their internship experience.

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A Quantitative Take on Trading

As a practicing quant, I tend to be more focused on the details of how to price a trade and how to measure risk, rather than on what these calculations mean in practice. More often than not, the focus of my research is highly demand-driven, specifically related to tools and functionality needed by our clients and potential client base. As a result, my reading wish list and library continues to grow, and many of the books on my shelf have only been partially read. Typically for most of those books, the pages covered are directly related to addressing a past or present immediate need.

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A Necessary Convergence of Language

In an era of globalization, nothing is more crucial to business than communication. There’s no doubt that learning other languages can broaden one’s business horizons, but chances are if you operate within the financial technology and derivatives trading industry, your day-to-day transactions are already facilitated by a spectrum of languages that you may or may not speak, both human and inhuman.

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Observations from the Matlab Computational Finance Conference

To see just how deeply quantitative technologies have affected the financial world, look no further than Matlab Computational Finance conference recently held at the Marriott Marquis in Times Square. I attended this conference and was astounded by the breadth of people from every corner of the financial world that had gathered to hear about the latest in non-linear optimization and numerical techniques in econometrics. The usual suspects didn't surprise me -- there were plenty of quants from big banks and hedge funds sitting diligently in the front row. Instead, it was the pension fund managers from John Deere and the muni fund stock brokers (trades call them "slow money guys") that were most unexpected.

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OptionsCity Freeway Powers UChicago Trading Competition

Over 100 of the brightest student minds from universities across the country gathered at downtown Chicago's Gleacher Center on March 15th to compete in the 2nd University of Chicago Midwest Trading Competition.

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