Lin Wei - Head of Algo Trading

 

With a Bachelor Degree in Mathematics , a keen mind for all things numerical, statistical and quantifiable through advanced mathematical models, Lin is not interested regarding what happens next, but rather formulating and implementing trading software algorithms with an edge.

Lin and her team are always on the lookout for unknown  factors and are  responsible  for backtest and new code ideas, strategies and models.

When not working more hours than anyone else in the office, Lin is passionate about table tennis and mahjong.

E: lin.wei@casdaqtrading.com

T: +1 347 201 6158

A: Seagram Building, 375 Park Avenue 2607, New York, NY 10152, US

MEET OUR HEAD OF ALGO TRADING

HOW DID YOU FIND OUT ABOUT CASDAQ TRADING?

Through Campus Recruiting. I liked the idea of working at a competitive firm that prioritizes critical thinking and game theory.

WHAT MADE YOU DECIDE TO JOIN OUR TEAM?

I was lucky enough to have an engineering internship in a large corporation and a national laboratory. I was turned off by both experiences, but after interning at Casdaq Trading, I was hooked. The summer was exciting and the people at Casdaq were terrific mentors.

WHAT DO YOU LIKE BEST ABOUT WORKING HERE​?

The people. From technologists to quants to traders to operations, everyone at Casdaq is extremely bright and generally even-tempered. This allows for the free flow of ideas, which helps us work as a team to accomplish our goals.

WHAT IS UNIQUE ABOUT YOUR CURRENT ROLE?

I have traded in a variety of capacities at Casdaq. After going to our Trading Class and later trading in our New York office, I traded index options and ETFs at our New York headquarters. Eventually, I moved overseas to Hong Kong to trade similar products across Asia. After moving back to New York, I started trading in our Quantitative Algorithm team. In this role, I worked with other traders, technologists, and quants in order to improve our equity market making strategies and optimize how we hedge delta positions across the firm. Although I Head our team of Algo Traders we work as a democracy where we share ideas to implement best practises

WE TALK A LOT ABOUT TEAMWORK AND COLLABORATION TRADING. WHERE DO YOU SEE THIS DEMONSTRATED IN YOUR CURRENT ROLE?

As Head of the Quantitative Algo team, I have to collaborate with several groups on a daily basis. I get input from other traders who may be using our algorithms to trade. I collaborate with the technology team to build new features in our trading tools and models, and I work with our quant team to backtest and optimize trading ideas. Since we all sit with each other, we’re interacting constantly.

IF YOU WERE SPEAKING WITH A GRADUATE WHO WAS CONSIDERING STARTING THEIR CAREER AT CASDAQ TRADING, WHAT ADVICE WOULD YOU GIVE THEM?

Casdaq Trading is a terrific place to learn. You will develop skills here that will allow you to approach problems rationally.

WALK US THROUGH A TYPICAL DAY IN YOUR LIFE

I generally arrive at the office at 8:00 a.m. Before the markets open, our group has a meeting where the technologists and traders detail changes that have been implemented overnight or during the morning and potential issues that might occur. After enabling our strategies when the market opens, I monitor the trading, hedge positions, and make trading decisions according to what is happening throughout the day. I may have a meeting discussing our current strategies or conduct data analysis on our past trades. After the market closes, I build various reports and recaps. I typically leave the office around 5:00 p.m.

WHAT IS YOUR FAVOURITE THING ABOUT LIVING IN NEW YORK?

New York is a small-big town. Your friends, if they reside in the centre, live relatively close to you, so you are able to see them frequently. Also, since it is a big town, the city gives you a large number of ways to spend your free time.

 

RISK DISCLAIMER

The risk of loss in trading capital market positions can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. In considering whether to trade or to authorize someone else to trade for you, you should be aware of the following:

If you run a capital market position you may sustain a total loss. If you run a capital market position or engage in off-exchange foreign currency trading you may sustain a total loss. If the market moves against your position, you may be called upon by your trader to deposit a substantial amount of additional margin funds, on short notice, in order to maintain your position. If you do not provide the requested funds within the prescribed time, your position may be liquidated at a loss, and you will be liable for any resulting deficit in your account. ​​

​​​The high degree of leverage that is often obtainable in capital markets trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. ​

This brief statement cannot disclose all the risks and other significant aspects of the capital market trading.

​You should also be aware that this capital markets trading advisor may engage in trading foreign futures or options contracts. Transactions on markets located outside the united states, including markets formally linked to a united states market may be subject to regulations which offer different or diminished protection. Further, united states regulatory authorities may be unable to compel the enforcement of the rules of regulatory authorities or markets in non-united states jurisdictions where your transactions may be effected. Before you trade you should inquire about any rules relevant to your particular contemplated transactions and ask the firm with which you intend to trade for details about the types of redress available in both your local and other relevant jurisdictions.