Quant Trading and Superpowers: Morgan Slade speaks on Opportunity
“You have a chance, single-handedly, without anyone looking at your resume, to try and change an industry,” said Morgan Slade, CEO of CloudQuant at the MarketsWiki Education’s World of Opportunity event in New York. He spoke on the difficulties most people face when trying to enter the trading industry. Getting your foot in the door at a large hedge fund is tough these days unless you went to an Ivy League school and graduated summa cum laude.
Slade says the power of quantitative trading comes from the confluence of four things:
- cloud computing,
- alternative data,
- machine learning
- and crowd researchers.