Manoj Narang is a high-speed trading veteran who originally worked on Wall Street for both Credit Suisse and Goldman Sachs, to name a few. After which, he founded Tradeworx, one of the larger trading firms in the United States by volume.
After leaving Tradeworx, Manoj recently started MANA Partners—an innovative quant fund which raised close to $1B dollars for its launch in January 2017.
Manoj and I discuss the value of technology and how it drives some trading operations, the explosion of data and capitalizing on it, plus why aspiring traders should be willing to think freely and refuse to limit themselves to standard practices.
What’s Covered in This Interview:
- Manoj’s eight years working on Wall Street, his time at Goldman Sachs, and the process of learning to reason quantitatively.
- Retail trading and financial markets in the late 90’s, how it changed Tradeworx from a tech company to a hedge fund, and finally to a leading HFT firm.
- Why the technology that fuels Manoj explains why the technology that drives quantitative trading firms can often be more valuable than the PnL which can be extracted through trading.
- MANA Partners—how they are capitalizing on the explosion of data, creating less crowded opportunities and lower correlation by using alternative data.
Links and Resources:
- Manoj Narang interview [Business Insider]
- Trading Shares in Milliseconds [MIT Technology Review]
- Thesys to Build System Tracking All Stock and Options Orders [WSJ]
- Inside a Moneymaking Machine Like No Other [Bloomberg]
- Mana-Partners.com
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