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Mastering Investment Banking Securities by Natasha Kozul

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15

Quantitative analytics

Role of quantitative analytics

Classification of pricing models

Numerical methods

Analytical methods

ROLE OF QUANTITATIVE ANALYTICS

The quantitative analytics team (also known as ‘quants’) is the crucial part of the investment bank front office. They are highly educated individuals who typically hold PhDs in maths and physics, whose job is the creation of complex mathematical models used for pricing existing and innovative financial instruments. Their expertise is best utilised in derivatives markets, as they operate with many unknown variables. They tend to specialise in a particular class of products, so the teams are typically sub-divided into interest rate derivatives, equity and FX derivatives, commodity derivatives ...

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