Quant demand in full force
"In 2000, the FX market was primarily focused on e-commerce," said Charles Brown, former head of quantitative development for global financial markets at Standard Chartered in Singapore. "Now, banks want to capture local currency derivatives volume, and therefore need quantitative staff to advance their pricing analytics."
Pegged currencies, for example, require different pricing models, dictating a need for FX quants. "This is particularly the case for exotic options on currencies such as the
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