The Rise of the New Kings of Wall Street: How Quant Firms Are Redefining the Financial Landscape and Their Impact on College Students
AndreyKrav via iStockPhoto For decades, the financial world was dominated by traditional investment banks like Goldman Sachs, Morgan Stanley, and JP Morgan. These institutions were synonymous with Wall Street success, wielding immense power and influence over the financial markets. However, a significant shift has taken place over the past decade, and a new breed of trading firms—Susquehanna International Group, Jane Street, and Citadel Securities—have quietly usurped the old guard. These firms, known as “quantitative trading firms” or simply “quant firms,” have transformed Wall Street by leveraging cutting-edge technology and data-driven strategies. They dominate the market through high-frequency trading (HFT)—a method…