Quantitative Trading (Quant)

A trading approach that uses mathematical models, statistical analysis, and algorithmic execution to identify and exploit market opportunities. Renaissance Technologies, founded by mathematician Jim Simons, is the most celebrated quant firm in history -- its Medallion Fund averaged roughly 66% annual returns before fees from 1988 to 2018. Modern quant strategies range from high-frequency market making measured in microseconds to multi-month factor-based portfolio strategies.