Sunday, October 17, 2010

##better stay in front office trading?

After I told you "better stay in trading", I came up with a few more "predictions" affecting Wall St developer salary.

* c++ will become LESS used. I hope not much.
* c# will become more widely used. Salary will remain high.
* multi threading will become more important. Salary will remain high.
* DB will continue to be widely used, often indispensable, even though distributed caching may look like an alternative. DB expertise will continue to fetch good salary but is not the most highly valued trading system expertise.
* will FIX and connectivity work become more important? Probably yes. See next prediction.
* trading volume will increase for many asset classes, partly because of emerging markets and technological advance.
* Front office will continue to be as important if not more important than back office. I believe for 10 or 20 years front office has been more important because traders are the profit (and loss;-) center. FO salary will remain high if not not higher than middle/back office.
* Will market risk (not FO) become more important? Not sure
* will high frequency trading become more widespread? Not sure
* will quant modeling become more important? Not sure

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New York (Time Square), NY, United States
http://www.linkedin.com/in/tanbin