Worldquant Quantitative Workshop Organized by Career Development and Guidance Centre (CDGC)

Career Development and Guidance Centre (CDGC) organised a 3 hour long workshop on 19th January in collaboration with Worldquant. The workshop was delivered by Mr Harpreet Chatha, a Consultant at Worldquant and Websim researcher. Worlquant is a quantitative investment firm founded in 2007 and currently has over 750 employees spread across 26 offices in 16 countries. They develop and deploy systematic financial strategies across a variety of asset classes in global markets, utilizing a proprietary research platform and risk management process.

The workshop gave a glimpse of quantitative Finance domain to the students. WorldQuant participants used WebSim platform to build and test mathematical models- Alphas. An Alpha is defined by an expression - a mathematical, predictive model of the theoretical performance of financial instruments. WebSim is available to anyone interested in building financial models and testing, simulating and tracking the validity and effectiveness of their Alphas. The workshop provided hands on training on Websim. The first part of the workshop focussed on Introduction to "Worldquant", in which the speaker talked about the organization's background and share information about the platform they build "alphas" and in their second part there was a Live Demonstration of the alphas without any prerequisite knowledge of Python etc.

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