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Inside the New Quant Gold Rush, Bond Traders Get Rich by Coding

From bnnbloomberg.ca

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. Hedge funds are poaching from rivals, sweetening compensation packages and committing more resources, according to recruiters. Credit-quant clients at London firm Selby Jennings are offering annual compensation of up to $400,000 to a Ph.D. graduate ... (full story)

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