no, sell-sided exotic derivative business is pretty much dead. All the banks has their software libraries to do the SDE computation, or they outsource the work to the third party software providers. No need to hire a master to do the work, more likely they would hire an applied math phd specialized in numerical computation.hedge funds dont trade exotic stuff on a large scale either. numerical analysis is pretty useless on the buy side. -- by 会员 phayllia (2012/6/10 23:44:52)
useful information. Thanks for sharing. |