- Nov 21, 2015
"sharpest, fastest, most intelligent, well informed"have you watched the HBO show "industry"
i found it pretty entertaining. focuses on analyst class, primarily of sellside sales force. but one or two in rearch. maybe a couple in trading
i got a major kick out of a few of the VPs, EDs, and MDs
and the drama isnt just about the analysts, but also the dynamics among EDs wanting to become an MD, and shit like that.
you may enjoy it. if not, pretend someone else told you
Those would be the "Quants"
None of them can operate without the other though
Quants need dealers and people to execute the model.
Dealers need Quants to make the model. Quants need dealers
for the feedback loop to test the model.
They all need Liquidity provided by "Market Makers".
Market Makers need the "Commercials" to properly make
Commercials need the market makers to add or withdraw liquidity
in the direction they are pushing for value
Predatory firms need commercials and market makers
for the inside info. Commercials need Predatory firms to
spoof market direction
Its a dirty game and each piece is connected to the other
As far as getting a seat on the floor that was very true years ago
Now the floor is almost entirely gone except a few cash markets in
Its all electronic now. Most anyone can rent a server on the exchange
"HBO show "industry"
Hmm not familiar with it myself. There was one trading related documentary
I liked and thought was accurate. The rest tend to have no real understanding
of how shit actually works.
I'll have to give it a look see
"pretend someone else told you"
Not gonna pretend someone else told me if I dont like it.
I fully intend on blaming and guilt tripping you personally