AMA about Algorithmic Trading

10-20% pa Seems low, but these are very low risk returns on very high (9-10 digit USD) capital and uncorrelated to the market. Only a handful of firms can do this consistently.

Uncorrelated? Are these not equity investments?

Be good at Math Be very good at Statistics Be very good at Probablity Be very good at Machine Learning (not DL but traditional methods) Be good at DSA

Good to have:

Data handling, cleaning experience Elementary knowledge of stochastic process Understanding of derivatives and pricing

Any resource to begin on Statistics. if the resource requires pre requisite, would request that as well

Base starts around 30-50L, Bonus also starts around similar range. If you are moderately successful your bonus could grow to the few Crs range.

Is this the salary for (A) strats who experiment new ideas in python or (B) the coders who develop the production level code on top of finalized idea in C++ or Java?

Good ones

If AI can find insights from data, learn feature engineering, and generate good models, it will be able to do 50% of my job.

How is this any different from a Data Scientist role?

Hard. Refer another comment for details.

I know it's hard lol. The question was more towards the actual process; interview rounds, type of rounds, etc. And how do these things change at different levels?

I previously interviewed at Jane Street, 2 sigma and citadel and was surprised at how different the processes were.

No issues :)

Not yet, although firms do have this provision for senior people.

I don't need to. My team is majorly in one city and we only focus on trading. Ops etc are handled from separate office.

Extremely imo. Although I never got a chance to apply there. They started coming to campus 1 year after my batch.

Can't say, yes, yes

How about something like engineering physics from a top IIT? Is a CS/EE-level jee rank make or break or can it be compensated by stuff like cgpa, projects, cp, etc.?