Calculus, linear algebra, and especially stochastic processes (the math of "randomness").
Computers making thousands of trades per second.
Options, Futures, and Other Derivatives by John C. Hull is the standard introductory textbook used by almost every university and bank. An Introduction to Quantitative Finance
You don't just solve equations on paper; you code them. Python and C++ are the industry standards for building high-speed trading algorithms and simulations.
To understand this field, you need to balance three distinct skill sets: Hull is the standard introductory textbook used by
AI responses may include mistakes. For financial advice, consult a professional. Learn more
The practice of taking advantage of a price difference between two or more markets. Quants write code to find these "free lunches" and execute trades in milliseconds. To understand this field, you need to balance
Value at Risk (VaR) is a statistical technique used to measure the level of financial risk within a firm or portfolio over a specific time frame.