Monthly Archives: January 2016

What To Read For A Quantitative Finance Career

What To Read For A Quantitative Finance Career

Here are the names of books on quantitative finance that will help you understand the field.

Almost every aspect and area including general quant finance, careers guides, interview prep, quant trading, mathematics, numerical methods and programming in C++, Python, Excel, MatLab and R comes in the list. Of course there are many others. These can be a part of all of your collection.

General Quant Finance Reading

If you do not have the common basic knowledge of financial markets, you are at chances to get neglected at the interview. Even of you are the best programmer and mathematician in the world, you won’t be at ease in the HR screenings if you do not recognize your collection with your bond and bank with your fund.

Here are some texts which are very good readings compared to graduate books on stochastic calsulus:

The Big Short: Inside the Doomsday Machine – Michael Lewis

When Genius Failed: The Rise and Fall of Long-Term Capital Management – Roger Lowenstein

More Money Than God: Hedge Funds and the Making of a New Elite (Council on Foreign Relations Books (Penguin Press)) – Sebastian Mallaby

How I Became a Quant: Insights from 25 of Wall Street’s Elite – Richard Lindsey, Barry Schachter

My Life as a Quant: Reflections on Physics and Finance – Emanuel Derman

Nerds on Wall Street: Math, Machines and Wired Markets – David Leinweber

The Complete Guide to Capital Markets for Quantitative Professionals (McGraw-Hill Library of Investment and Finance) – Alex Kuznetsov

Interview Preparation

Apart from knowing all the A to Z of quantitative finance, the most important thing you strongly require is ways to crack the interview!

There will be tricks and teasers. Be aware how to understanding their placements and the hidden meanings behind them. Try the texts given below:

Heard on The Street: Quantitative Questions from Wall Street Job Interviews – Timothy Crack

Frequently Asked Questions in Quantitative Finance – Paul Wilmott

A Practical Guide To Quantitative Finance Interviews – Xinfeng Zhou

Starting Your Career as a Wall Street Quant: A Practical, No-BS Guide to Getting a Job in Quantitative Finance – Brett Jiu

Quantitative/High-Frequency Trading

The ways of career building for quants now have turned for quantitative trading of direct nature from derivatives pricing.

Today, it is important to know systematic trading as well as firms which take it, in detail.

Of course it is very hard to know about their techniques of trading and plans from the funds, still the below mentioned texts take you into the operations of the “black box”:

Inside the Black Box: The Simple Truth About Quantitative Trading (Wiley Finance) – Rishi Narang

Quantitative Trading: How to Build Your Own Algorithmic Trading Business (Wiley Trading) – Ernie Chan

Trading Systems: A New Approach to System Development and Portfolio Optimisation – Emilio Tomasini, Urban Jaekle

All About High-Frequency Trading (All About Series) – Michael Durbin

Dynamic Hedging: Managing Vanilla and Exotic Options – Nassim Nicholas Taleb

Option Volatility & Pricing: Advanced Trading Strategies and Techniques – Sheldon Natenberg

Trading and Exchanges: Market Microstructure for Practitioners – Larry Harris

Econometrics

Today financial econometrics is one of the crucial units of algorithmic trading. The techniques of time-series analysis are widely used by algorithms. So if you want to be a proficient expert of quantitative trading, sharpen your econometric knowledge.

Introductory Econometrics for Finance – Chris Brooks

A Guide to Econometrics, 6th Edition – Peter Kennedy

Basic Econometrics – Damodar Gujarati, Dawn Porter

Time Series Analysis – James Douglas Hamilton

Analysis of Financial Time Series – Ruey S. Tsay

Mathematical Finance

Options, Futures, and Other Derivatives and DerivaGem CD Package (8th Edition) – John Hull

A Primer For The Mathematics Of Financial Engineering, Second Edition – Dan Stefanica

Solutions Manual – A Primer For The Mathematics Of Financial Engineering, Second Edition – Dan Stefanica

The Concepts and Practice of Mathematical Finance (Mathematics, Finance and Risk) – Mark Joshi

More mathematical finance – Mark Joshi

An Introduction to the Mathematics of Financial Derivatives, Second Edition (Academic Press Advanced Finance) – Salih Neftci

Mathematics for Finance: An Introduction to Financial Engineering (Springer Undergraduate Mathematics Series) – Marek Capiski, Tomasz Zastawniak

The Complete Guide to Option Pricing Formulas – Espen Haug

Interest Rate Derivatives

Interest Rate Modeling. Volume 1: Foundations and Vanilla Models – Leif B.G. Andersen, Vladimir V. Piterbarg

Interest Rate Modeling. Volume 2: Term Structure Models – Leif B.G. Andersen, Vladimir V. Piterbarg

Interest Rate Modeling. Volume 3: Products and Risk Management – Leif B.G. Andersen, Vladimir V. Piterbarg

The SABR/LIBOR Market Model: Pricing, Calibration and Hedging for Complex Interest-Rate Derivatives – Riccardo Rebonato, Kenneth McKay, Richard White

Discounting, Libor, CVA and Funding: Interest Rate and Credit Pricing (Applied Quantitative Finance) – Chris Kenyon, Roland Stamm

C++

C++, being a large programming language, is quite hectic for learners. It takes time for most of its students to get a grasp on. However, it is an important part of the larger discipline, hence needs to be mastered. An Example of a Trading Strategy Coded in C++.

Sams Teach Yourself C++ in One Hour a Day (7th Edition) – Jesse Liberty, Rogers Cadenhead

C++: A Beginner’s Guide, Second Edition – Herbert Schildt

Accelerated C++: Practical Programming by Example – Andrew Koenig, Barbara Moo

Effective C++: 55 Specific Ways to Improve Your Programs and Designs (3rd Edition) – Scott Meyers

Introduction to C++ for Financial Engineers: An Object-Oriented Approach (The Wiley Finance Series) – Daniel Duffy

More Effective C++: 35 New Ways to Improve Your Programs and Designs – Scott Meyers

Exceptional C++: 47 Engineering Puzzles, Programming Problems, and Solutions – Herb Sutter

More Exceptional C++: 40 New Engineering Puzzles, Programming Problems, and Solutions – Herb Sutter

The C++ Standard Library: A Tutorial and Reference (2nd Edition) – Nicolai Josuttis

C++ Templates: The Complete Guide – David Vandevoorde, Nicolai Josuttis

Modern C++ Design: Generic Programming and Design Patterns Applied – Andrei Alexandrescu

C++ Template Metaprogramming: Concepts, Tools, and Techniques from Boost and Beyond – David Abrahams, Aleksey Gurtovoy

Beyond the C++ Standard Library: An Introduction to Boost – Björn Karlsson

Introduction to the Boost C++ Libraries; Volume I – Foundations – Robert Demming, Daniel Duffy

Introduction to the Boost C++ Libraries; Volume II – Advanced Libraries – Robert Demming, Daniel Duffy

C++ Concurrency in Action: Practical Multithreading – Anthony Williams

The C++ Programming Language, 4th Edition – Bjarne Stroustrup

C++: The Complete Reference, 4th Edition – Herbert Schildt

C++ Pocket Reference – Kyle Loudon

C++ Cookbook (Cookbooks (O’Reilly)) – D. Ryan Stephens, Christopher Diggins, Jonathan Turkanis, Jeff Cogswell

Python

The past few years have brought out Python as a major part of the world of quantitative finance.

Though it is a comfortable programming language, its huge number of libraries makes it difficult to be an expert at. In the coming time the language seems to be a primary adoption. I recommend learning it.

Learning Python: Powerful Object-Oriented Programming – Mark Lutz

Programming Python – Mark Lutz

Python Cookbook – David Beazley, Brian K. Jones

Python for Data Analysis – Wes McKinney

Beginning Python: From Novice to Professional – Magnus Lie Hetland

Python Programming for the Absolute Beginner, 3rd Edition – Michael Dawson

More Python Programming for the Absolute Beginner – Jonathan S. Harbour

Python Algorithms: Mastering Basic Algorithms in the Python Language – Magnus Lie Hetland

Foundations of Python Network Programming – John Goerzan, Brandon Rhodes

Beginning Python Visualization: Crafting Visual Transformation Scripts – Shai Vaingast

Python 3 Object Oriented Programming – Dusty Phillips

Learn Python the Hard Way – Zed Shaw

MySQL for Python – Albert Lukaszewski

Python Testing: Beginner’s Guide – Daniel Arbuckle

Python Testing Cookbook – Greg L. Turnquist

Python Essential Reference (4th Edition) – David M. Beazley

MATLAB

Matlab, Second Edition: A Practical Introduction to Programming and Problem Solving – Stormy Attaway

Stochastic Simulation and Applications in Finance with MATLAB Programs – Huu Tue Huynh, Van Son Lai, Issouf Soumare

Simulation and Optimization in Finance + Website: Modeling with MATLAB, @Risk, or VBA – Dessislava Pachamanova, Frank J. Fabozzi

Numerical Methods with MATLAB – Amos Gilat, Vish Subramaniam

The Mathematics of Derivatives Securities with Applications in MATLAB – Mario Cerrato

Financial Modelling: Theory, Implementation and Practice with MATLAB Source – Joerg Kienitz, Daniel Wetterau

MATLAB: An Introduction with Applications – Amos Gilat

Getting Started with MATLAB: A Quick Introduction for Scientists and Engineers – Rudra Pratap

R

R, a language that is called natural, is used for carrying out statistical analysis of advanced nature in systematic funds. A Step by Step Guide for Coding a Quantitative Trading Strategy Using R.

Get its grasp with the following:

A Beginner’s Guide to R – Alain F. Zuur, Elena N. Ieno, Erik Meesters

Introductory Statistics with R – Peter Dalgaard

Introductory Time Series with R – Paul S.P. Cowpertwait, Andrew V. Metcalfe

Data Manipulation with R – Phil Spector

R in Action – Robert Kabacoff

R in a Nutshell – Joseph Adler

The Art of R Programming: A Tour of Statistical Software Design – Norman Matloff

R Cookbook – Paul Teetor

The R Book – Michael J. Crawley

Excel/VBA

Get a working knowledge of excel and increase your chances for a quant position in a bank. It will be required at some point of time in your job

Advanced modelling in finance using Excel and VBA – Mary Jackson, Mike Staunton

Excel 2010 Power Programming with VBA – John Walkenbach

Credit Risk Modeling using Excel and VBA – Gunter Löeffler, Peter N. Posch

Next Generation Excel: Modeling in Excel for Analysts and MBAs – Isaac Gottlieb

Financial Analysis and Modeling Using Excel and VBA – Chandan Sengupta

Option Pricing Models and Volatility Using Excel-VBA – Fabrice Douglas Rouah, Gregory Vainberg

Professional Financial Computing Using Excel and VBA – Donny C. F. Lai, Humphrey K. K. Tung, Michael C. S. Wong, Stephen Ng

This is wide and loose list of books that will add up to your knowledge. There many other sources however which will bring something new to your information. Try some articles and courses over the net.

Learn How Do You Become A High Frequency Trader? And What do Hedge Funds Look for When Employing? There are quite a number of blogs available on HFT, Programming languages, Finance and derivatives.

Essential Information for Pregnant Woman

Pregnancy is one of the significant moments in women’s life since they hold two lives when they are pregnant. On the other hand, women always want to look beautiful wherever and whenever they go and pregnancy is not the exception. Nevertheless, when you are pregnant, you should be careful to choose cosmetic product to enhance your look because there are many products combined with dangerous chemicals that may harm both of the expectant and the baby. To improve your awareness about this notion, here are a little about essential pregnancy information to help you avoiding bad cosmetic choices.

The first cosmetic product that you should avoid when you are pregnant is acne medication. When you feel annoyed with acne appearance on your face, it is better for you to consult this case with your doctor first before you take an acne medication.  Acne medication which contains retin-A, accutane and tetrasiklin should be avoided since it can cause birth disabilities on your baby. Second, anti aging cream or lotion are also dangerous to use by pregnant woman. Less dosage of retinoid and high dosage of Vitamin A contained in anti aging cream are proved to be really harmful for your infant.

The next cosmetic product to avoid is lipstick. Lipstick is generally contained preservatives and dyes which somehow dangerous for your infants. You have better to choose natural kind of lipstick or lipsalve to reduce dry chapped lips. Then, you should avoid body lotion or body spray as well, in this case you need to avoid beauty product which comes in sting fragrance since it may contain phthalates which can stop your infant to grow and develop. After that, you should also avoid whitening cream. Hydroquinone or glutathione contained in whitening cream can hamper the process of baby’s skin development and may cause allergy as well.

English Language Teacher Resume

English Language Teacher ResumeTeachers are mentors who guide students on their career goal. They impart values, help students gain more self-confidence and improve their skills, knowledge and social, emotional and mental well-being. Educational institutes, thus, want to get only the best teachers to improve the personal and academic skills of students.

Teaching jobs can be quite hard to secure nowadays. Just look at various teaching discussion boards and forums and you will see posts from teachers who are desperately trying to secure a good teaching job. As such, teachers have to do everything they can to stand out from the crowd. Your English teacher resume is one of the most important aspects that you should consider. What makes it so significant is that it’s the first and sometimes the only thing an interview committee or administrator will see about you. Making a good first impression through your resume is, thus, important.

The best way to enter an excellent educational organization is to make an impressive English language teacher resume. Here’s how you can make an English teacher resume that will boost your chances of landing a good teaching job.

Format

Make sure that your resume has an organized format. Include your abilities, credentials, skills as well as talents in small sentences. Each sentence must be simple and presented in an organized format.

Personal and Contact Information

Start your resume with your complete name, contact number, email address and postal address. It is important to make your personal details clear as well as easily noticed.

Qualification Summary

Write your qualification summary, including your teaching and classroom management skills as well as how you meet changing needs and deal with students and parents. Showcase your commitment to your work as well as your value proposition. State your reason for joining the school and how both of you can benefit from your addition to the institution.

Work Experience and Skills

Include your work experience in the field of teaching. List your teaching styles as well as job tasks. Make it concise. The employer should have a clear idea of how skillful you are and realize how important you can be to their organization. If you’re a fresh candidate and have a teaching degree, highlight your skills and credentials.

Educational Qualifications

Don’t forget to include your educational qualifications, training courses and certificates in your resume. Include all the honors and awards you’ve received to boost the value of your resume. Check it thoroughly to ensure that it’s free from errors. Search the web for a sample resume of an English teacher to see how one looks like.

Other things that you need to keep in mind include:

  • Start your resume with a powerful statement that can effectively grab attention.
  • Use facts, figures and numbers. For instance, you can say you were promoted within 6 months of working for a certain organization.
  • Ensure that your resume is structured in such a way that it’s tailored to fit the institution. It should have all the information that will make the employer think that you’re an excellent choice for the job.
  • Keep your resume short. For fresh graduates, it should be a one-page resume and a two-page resume for mid-level professionals. Executives should have three pages. The first page should contain all the significant details of your resume. Sentences should be kept short and concise as lengthy paragraphs won’t impress your potential employer.
  • Keep your resume professional. It should be free from any spelling or grammar mistakes as this can turn off the interview committee or administrator. Checking your resume through the word processor’s grammar and spell checker is not enough. You have to manually review your resume to ensure that it’s free from mistakes. Formatting inconsistences should be corrected as well. For instance, you should bullets throughout your resume if you want to use this format.

It is not easy to create a resume that will land you an interview. You will need to spend hours working on your resume until you’re able to create the perfect piece. It may take a lot of hard work, but it’s definitely worth it if you could get an employer to read and review your resume for over ten minutes and schedule you for an interview.

How To Get Started With A College Essay

How To Get Started With A College EssayThere are many essays that have to be taken to enter college. Depending on the college you are choosing, an essay may be required to gain acceptance to the college. There are some things to do to get started writing the required essays and things to remember as well.

– The essay questions will vary from school to school. Choose your topic carefully and make sure to really answer the questions they are asking.
– Colleges will be looking at your topic preferences, the values that your essay reflects about you and what your thought process is.
– Remember that your topic will also reveal a lot about you, so you want to pick a topic that reveals your strengths and skills.
– Take into consideration what your strengths and weaknesses are when preparing the draft essay.
– Pick something positive about yourself that you will want the admission staff to see in your essay.
– Remember that the essay is a way to express yourself and make yourself stand out from other applicants. Use the essay portion wisely, write clearly and concisely to express who you are, what you are about and what you think.
– Make sure to do the pre-writing before writing the actual essay. It is a good idea to brain storm some ideas on what to write the essay on. Go through your strengths and weaknesses, your talents and personality. Talk with others as well to see what they think about you and what they see as your strengths and weaknesses as well.
– Make sure to create an outline, just like you would do with any other essay. Pick your top five traits and write examples of them from your life.
– Combine similar ideas and thoughts together. Find the connections and patterns in your outline and group these together.
– Begin writing the draft and include the introduction, the body and the conclusion to the essay. Make sure these sections are concise and to the point. Remember the introduction gives the thesis of the essay, the body gives the evidence to support this thesis and the conclusion ties it all together.
– Choose an essay style to use. There is the standard essay that takes two or three points in the body to cover, with a paragraph on each. There is also using one very strong point about yourself to describe in a few paragraphs of the body. Lastly, there is the option of using a narrative to tell about yourself in the body.
– Do not forget to edit it. Re-read it a few times, let others read it as well and then step away from it for awhile and then come back to it to re-read again. Trim it down where necessary and make sure to correct spelling and grammar as well.
– Remember to stay focused on the topic and keep it personal. Keep the topic narrow and make sure it follows the idea from beginning to end.
– Use specific facts and information to prove your thesis of the essay. Use vivid details, quotes, examples and reasons.
– Use expressive language and stay away from cliche words and phrases.
– Tell them what you want them to know, not what you think they want to hear.
– Make sure that it does not look like a resume.
– Make sure to use only the words that are necessary. Do not use more words, when less are needed.
– Make sure to proofread it each time changes are made.

The essay portion of entering college, may seem overwhelming. However, it is no different than writing any other essay, you just writing about yourself instead. Keep this in mind, put the same thought and process into it as you would any other essay. This is the best chance you have of letting the admissions board know about you and make yourself stand out, this can make the difference between being accepted and not being accepted. Take your time and put all your effort into the essay. If your still having trouble check-out our 6 step basic essay writing guide for help and information to get you going!

If you not sure in yourself or just don’t have enough time to write a college essay, don’t worry, you can always order essay by professional writing service like: http://www.500wordessay.net. Good luck!

College Move-in Day: 5 Ways to Make It Less Stressful

Moving into a college dorm is an extremely exciting experience. You get to meet all the people that you are going to spend the next year becoming close with, and you will get your first feel for your college campus as a college student. It’s exhilarating in a lot of ways, but all that change and the work required to get settled in is also very stressful. You won’t have to worry about any of it if you’re going to Case Western Online, but for everyone else attending an in-person program, it’s quite a lot to prepare for. Here are 5 ways to make your college move-in day less stressful.

  1. Get a Good Night’s Sleep

Everyone knows that moving is always exhausting, no matter who you are or how far your move is. Knowing that, you want to diminish some of the stress that comes along with that exhaustion by making sure that you’ve got the strength and energy to take on a full day of moving. If you don’t get a full night’s sleep, then you are only going to make the day much harder than it has to be.

  1. Arrive Early

In addition to getting a full night of sleep, you also want to get an early start to the day so that you can arrive as early as possible. When you arrive to your dorm, there are going to be dozens of other college students moving in as well. If you want to avoid having to carry huge boxes while navigating around a bunch of other people, then you want to try and arrive earlier than everyone else.

  1.  Keep all Your Necessities Handy

There are several things that you’re going to want to have on hand right away when you move in. Things like your toothbrush and toothpaste, your laptop or tablet, and your headphones are probably going to be important for you to be able to find right away. So make sure that you don’t bury any of these things under all kinds of stuff that you don’t need right away.

  1. Make Plans with Your Roommate

Everyone is always nervous to meet their new roommate, no matter who they are. That’s why you want to make sure that you make plans to break the ice as early as possible. You can see if your roommate wants to get to know you over dinner at the end of the day, or there’s probably some kind of school function going on that night that you can attend together as well. Just make sure that you don’t ignore each other on that first day, otherwise things could feel weird for a long time.

  1. Don’t Bring Too Much

One of the most annoying rookie mistakes that most freshmen make is bringing too much stuff on their move-in date. Not only will your roommate be annoyed that your things are taking up too much space, but you will be spending all day making trips in and out of your building to get it all in your room. Just bring all the things that you absolutely need and keep in mind that it will all be at your parents’ house when you go home for the holidays.