[Chicago] Job opening: Trading Technologies - Senior Software Quality Engineer

[Allan LeSage]

I do find it interesting that the testing tools common to the Chi-town
web/marketing community would find a purchase in the trading biz.  How far
up the stack does Python get, in peoples' experience?  It's my impression
that Python is a hard sell for what are often traditional Microsoft shops.

Allan
(who used to work at Wolverine)

On Wed, Apr 13, 2011 at 10:25 AM, Lance Hassan <lance at roytalman.com> wrote:

> Correct, pretty much across the board, however…one of the things which we
> use to distance/differentiate Chicago Cap Markets and Trading is that the
> majority of Chicago Trading is not done with public money, unlike NY. NY is
> primarily Investment Banking versus Proprietary Trading which is the bulk of
> the money being traded in Chicago… Short Version NY Trades with your money,
> Chicago Traders use their own…
>
>
>
> Now specifically where Python is concerned, as Massimo points out, there
> has been a significant growth in Python use particularly in the area of
> Trade Support. I’m not sure what anyone’s perception of what Trading looks
> like these days…but the days of Trading Floors with a generally incoherent
> milieu are pretty much gone. Trading teams will consist of a Trader, usually
> some form of  a quant/analyst/programmer, a Linux/Unix hacker typically
> with at minimum very strong Python skills. Teams vary in size and required
> strengths and weaknesses in any given area will also vary…but that’s the
> fundamental make up.
>
>
>
> *From:* chicago-bounces+lance=roytalman.com at python.org [mailto:
> chicago-bounces+lance=roytalman.com at python.org] *On Behalf Of *Massimo Di
> Pierro
> *Sent:* Wednesday, April 13, 2011 10:09 AM
> *To:* The Chicago Python Users Group
> *Subject:* Re: [Chicago] Job opening: Trading Technologies - Senior
> Software Quality Engineer
>
>
>
> I disagree that bashing jobs in the financial industry is a good idea.
>
>
>
> First of all the financial industry is one of the sectors where python
> adoption is growing (the SEC proposed the use of Python to model mortgage
> backed securities, JS morgan is building a new trading system in NYC in
> Python, Morningstar is using Disco for their cloud, etc.). It is one of
> biggest sectors in US and Chicago in particular (there are more financial
> exchanged here than in any two other cities in the world combined).
>
>
>
> I would agree that there are problems with the financial industry (managers
> who invest other people's money like to take higher risk than they would if
> it were their own money; the government likes to bail out banks in order to
> keep capital flowing; there should be more regulations but the system is
> complex and regulators do not agree on how to regulate it; monopolies have
> arisen) but is it the only industry with problems? What about manufacturing
> (think GM)? What about agriculture (think Monsanto)?
>
>
>
> The financial industry serves a purpose: it guarantees flow of capital (and
> people who work can get a loan to buy a house or open a business) and fair
> prices (market exchanges publish last bid/offer so that everybody knows the
> fair price of every security within a few percent).
>
> As anything we humans do, it could operate better but that is true for any
> other human endeavor. How here has written software without bugs?
>
>
>
> I for one would like to see more smart and competent people to work in the
> financial industry. The problem is that it is dominated too much by people
> with a business or legal background and very little technical skills.
> Perhaps they will help make it better and prevent (or postpone) the next
> market crash.
>
>
>
> Massimo
>
>
>
>
>
>
>
>
>
>
>
> On Apr 13, 2011, at 9:43 AM, Steve Schwarz wrote:
>
>
>
> On Wed, Apr 13, 2011 at 9:02 AM, Brian Ray <brianhray at gmail.com> wrote:
>
> Concerning bashing job posting based on previous experiences, eh ...
> it is a free world but probably is more embarrassing to the poster
> than the target. Every success business probably has had some dark
> times.
>
>
>
> I think the issue here was the bashing of jobs in the financial industry
> and TT was getting put in that category even though the poster (apparently)
> hadn't worked there.
>
>
>
> TT being a software company, not a trading firm, makes the environment
> different than most financial software development jobs you might
> encounter.
>
>
>
> Full disclosure: I worked at TT for about 7 years doing C++ server side
> development.
>
>
>
> Best Regards,
>
> Steve
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