Quants

Billions is a TV program from the US set in the highly aggressive financial market where Axe (Bobby Axelrod), a hedge fund manager, battles with Chuck Roads, a ruthless US attorney, in a war of outdoing each other.

In Season 3, the company Axe Capital, is looking to hire a Quant, but what is a Quant?

Quant is short for “Quantative Analyst” and Quantative Analysis is simply about the use of mathematical and statistical methods in finance. A character in the show defines Quant as:

“Quant is another word for systemized ordered thinking represented in an algorithmic approach to trading”

Algorithmic Trading (aka algo-trading) is a mathematical approach to trading and uses computer programs to automate the process of buying and selling stocks, options, futures, FX currency pairs and cryptocurrency. It first started in the 1980s and has become more popular over the last 10 years.

Looks like an interesting area that I might explore further in the future, there’s plenty of information around.

A good starting point may be these articles at investopedia.com:

Quants: What They Do and How They’ve Evolved

Steps to Becoming a Quant Trader

(eDATASTORE Jan21 Quants.pdf)