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Author: Mike
Quantitative Trader
Michael is a former Quantitative Trader and a member of Susquehanna's Education team, where he helps shape the development of professionals across trading, quantitative research, and technology. He joined the firm as a trading intern in 2006 and spent more than a decade trading fixed-income ETFs, futures, and equity options before moving to Education, where he has helped build the firm's training programs, including the Quantitative Research and Systematic Trading program. His work centers on thoughtful risk-taking, long-term value creation, and building people, programs, and ideas that scale. He earned his degree in Finance and Math from the Massachusetts Institute of Technology (MIT) and is a CFA charterholder.
Risk management is central to quantitative trading, requiring careful handling of market, model, and execution risks. This post covers key concepts including systematic vs. idiosyncratic risk, hedging with options, and managing exposure across large portfolios. It also explores practical tools like position limits, volatility filters, and flow analysis, along with the impact of slippage and price impact. Effective risk management balances precision with adaptability in uncertain environments. How quant traders identify, measure, and manage risk in complex systems.
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