Future Finance
Inside the New Quant Gold Rush, Bond Traders Get Rich by Coding
- Systematic credit firms are paying up for advanced data skills
- A new world of econometrics and robots breaks with tradition
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Winning in the bond market used to come down to math skills, gut instinct and the patience to wade through a hefty prospectus. That was before the quants came.
These days the ability to code is one of the hottest skills out there. The multi-trillion dollar market in company debt is getting wired up by systematic players, and firms are having to pay up for the best talent.