S******r
发帖数: 98 | | w*****n
发帖数: 299 | 2 什么是flow quant?
【在 S******r 的大作中提到】
: 如题， 谢谢大家：）
| a***r
发帖数: 594 | 3 market maker in instruments where maket supply demand dictates price. the
desk make profits through "order flow". I guess this is to be compared to
exotics.
think at GS, (not sure if they still structure the group this way though),
there are sales strats, desk strats, core strats, etc. dest strats support flow or exotic desks.
【在 w*****n 的大作中提到】
: 什么是flow quant?
| B*********h
发帖数: 800 | 4 Actually i always thought "flow" means the desk trades _clients capital_, on
order flow as you said. likewise the exotics desks falls into "structured
flow".
So it is more understood as "flow" vs "prop", rather than "flow (listed
products)" vs "exotics". It refers to non-prop trading, sort of a market
maker for larger orders and OTC's.
flow or exotic desks.
【在 a***r 的大作中提到】
: market maker in instruments where maket supply demand dictates price. the
: desk make profits through "order flow". I guess this is to be compared to
: exotics.
: think at GS, (not sure if they still structure the group this way though),
: there are sales strats, desk strats, core strats, etc. dest strats support flow or exotic desks.
| d*j
发帖数: 13780 | 5 牛
恩， 同意
on
【在 B*********h 的大作中提到】
: Actually i always thought "flow" means the desk trades _clients capital_, on
: order flow as you said. likewise the exotics desks falls into "structured
: flow".
: So it is more understood as "flow" vs "prop", rather than "flow (listed
: products)" vs "exotics". It refers to non-prop trading, sort of a market
: maker for larger orders and OTC's.
:
: flow or exotic desks.
| a***r
发帖数: 594 | 6 sigh.
he asked what a flow strat means at GS. I told him what a flow strat means
at GS according to my first hand experience.
what I said was fact, not opinion. though it was a few years ago, don't think the meaning changed in the firm.
at GS, flow is used to characterize the desks on the public side. props are
never thought as flow. Neither are exotics nor structured.
flow vs none-flow has real meaning in a strat's day to day work.
when thinking about flow business in strat context, one thinks
【在 d*j 的大作中提到】
: 牛
: 恩， 同意
:
: on
| d*j
发帖数: 13780 | 7 没有别的意思啊， 大牛
我只是根据自己的一点点经验判断的
那些trader 称呼自己是什么 flow
然后我做的 几乎和你说的一模一样
when thinking about flow business in strat context, one thinks about: fast m
odel; real time data, PNL, risk analytics; robust infrastructure to handle l
arge portfolio and large volume of trades.
think the meaning changed in the firm.
are
handle
【在 a***r 的大作中提到】
: sigh.
: he asked what a flow strat means at GS. I told him what a flow strat means
: at GS according to my first hand experience.
: what I said was fact, not opinion. though it was a few years ago, don't think the meaning changed in the firm.
: at GS, flow is used to characterize the desks on the public side. props are
: never thought as flow. Neither are exotics nor structured.
: flow vs none-flow has real meaning in a strat's day to day work.
: when thinking about flow business in strat context, one thinks
| a***r
发帖数: 594 | 8 I am not niu. left GS a while ago. don't even work on the Street anymore.
I was a none-prop, none-flow strat back then.
I finally came to realize that many exotic/structured "trading" desks are actually more
of issuers/originaters. a client come seeking certain risks, you do a deal
with them, and try your best to hedge away the risk you take on.
some times you have a template contract, like a plain CDO, some times, the
shit is so complex and unique, it makes your brain hurt even to code up its
c
【在 d*j 的大作中提到】
: 没有别的意思啊， 大牛
: 我只是根据自己的一点点经验判断的
: 那些trader 称呼自己是什么 flow
: 然后我做的 几乎和你说的一模一样
: when thinking about flow business in strat context, one thinks about: fast m
: odel; real time data, PNL, risk analytics; robust infrastructure to handle l
: arge portfolio and large volume of trades.
:
: think the meaning changed in the firm.
: are
| d*j
发帖数: 13780 | 9 这个不就是类似于 structuring吗？
据说更有钱途。。。
亚洲那边做这个好像很不错， 过几年就是 sales or trader
actually more
deal
its
【在 a***r 的大作中提到】
: I am not niu. left GS a while ago. don't even work on the Street anymore.
: I was a none-prop, none-flow strat back then.
: I finally came to realize that many exotic/structured "trading" desks are actually more
: of issuers/originaters. a client come seeking certain risks, you do a deal
: with them, and try your best to hedge away the risk you take on.
: some times you have a template contract, like a plain CDO, some times, the
: shit is so complex and unique, it makes your brain hurt even to code up its
: c
| t********a
发帖数: 810 | 10 flow is opposite to exotic
prop is opposite to client
they are very different, flow is very dependent upon technology, while sales
play a bigger role in exotic. | d******r
发帖数: 193 | 11 这个贴子有含量，问个浅显的问题。flow和prop部门间的联系有多紧密？如果资源消息
共享的话，会产生很多insider trade。ms现在SEC sue GS就是这个原因吧，那大牛们
看看金改是否会动一块呢？ |
|
