The Industry: Firms, Roles and Careers

The Landscape

1. 1 A Map of the Industry 8 solved exercises
2. 2 Proprietary Market Makers and High-Frequency Firms 8 solved exercises
3. 3 The Options Market-Making Houses 8 solved exercises
4. 4 Quantitative Hedge Funds and Systematic Managers 8 solved exercises
5. 5 Multi-Manager Platforms 8 solved exercises
6. 6 Medium-Frequency Proprietary Shops 8 solved exercises
7. 7 Bank Markets Divisions 8 solved exercises
8. 8 Asset Managers, Pensions, Sovereign Funds and Insurers 8 solved exercises
9. 9 Exchanges, Brokers, Vendors and Regulators as Employers 8 solved exercises
10. 10 Crypto-Native Firms 8 solved exercises

The Money

1. 11 Reading a Trading Firm’s Accounts 8 solved exercises
2. 12 Revenue and Profit across the Industry 8 solved exercises
3. 13 How Pay Works 8 solved exercises
4. 14 Pay Levels by Role, Firm Type and Seniority 8 solved exercises
5. 15 Pay Regulation and Tax by Location 8 solved exercises

The Roles, Compared across Firm Types

1. 16 Trader 8 solved exercises
2. 17 Quantitative Researcher 8 solved exercises
3. 18 Bank Quant 8 solved exercises
4. 19 Quant Developer 8 solved exercises
5. 20 Software Engineer 8 solved exercises
6. 21 Machine-Learning and Data Engineer 8 solved exercises
7. 22 Portfolio Manager and Pod Analyst 8 solved exercises
8. 23 Structurer, Sales and Sales-Trader 8 solved exercises
9. 24 Risk, Operations, Product Control and Compliance 8 solved exercises
10. 25 Leadership Roles 8 solved exercises

The Life

1. 26 Hours, Rhythm and Intensity 8 solved exercises
2. 27 Locations 8 solved exercises
3. 28 Career Paths and Moves 8 solved exercises
4. 29 Education Pipelines 8 solved exercises
5. 30 Choosing 8 solved exercises

30 chapters — 30 online so far, and more publishing regularly. The complete book is already available as a free PDF you can read online.