After the Bootcamp Series, HUQT members are encouraged to participate in Projects, Trading Games, Market Reading Group, and Quant Table to continue learning quantitative finance skills. All of these education initiatives help prepare them for quant recruiting and future internships.
This was a reading project where students learned basic ideas in option pricing, such as Black-Scholes, Deltas, and the IV curve. For instance, students derived the BS formula from basic assumptions about stock price and Stat 110 knowledge, and gave presentations explaining terms like "IV crush" or "crash risk."
Market Prediction with Kaggle
Students entered a data science competition on Kaggle that used market data to make future predictions. They built models that forecasted an investment's return rate, trained and tested on historical prices. This resembled a project one may do at a quant internship.
A major part of modern quantitative finance is the use of "alternative data," such as sentiment analysis. Common examples include scraping sites like wallstreetbets and then running them through NLP algorithms. In this project, students started with replicating the study When People Listen to Happy Songs, the Market Outperforms and then tried to adapt it into something that can be traded.
Sports Betting Arb Detector
Some states like NY recently made sports betting legal. As a result, many sports betting apps and traditional casinos have been rushing to acquire customers. Their promotional coupons give a lot of +EV. So, this project aimed to make an arbitrage detector that can identify arbitrage bets.
Each week, members will come together to play trading games, such as Trade or Tighten, Figgie, Blotto, and more. These will help you build intuition for key trading concepts that might be helpful for interviews.
David Vincent, a senior trader at Jane Street and the inventor of Figgie, came to play Figgie with us!
Market Reading Group
In the Market Reading Group, we discuss recent financial news and contextualize that information so that you can get a better grasp of the financial universe. As a club, we usually focus more on the “quant” side of “quant finance”, but knowing about the “finance” side and finding that aspect interesting is equally as important. We feel that this is also essential in deciding whether or not you want to work in quant finance!
A rotating cast of members will present on a part of quant finance that they find interesting with the goal of sharing new ideas with the rest of the organization.