I’ve been working with hft for a small quant shop. I’ve been working on fixed salary only but now that the system’s starting to take shape the boss is suggesting I work with them long term and with a profit cut percentage. I’m not sure what are industry standard rates for situations like this.
I was given a strategy idea (pretty much a single sentence) and told to run with it. I have relatively little experience in this industry, with this being my first quant role. However, I’d say 80% of the system if not more, from the data ingestion feed, to core systems, trading, monitoring, and risk management modules are all created by me. Aside from the very basic initial idea, all further improvements and optimizations were developed, tested, and implemented by me in collaboration with another QA/QR.
Since my boss is suggesting I take on a cut of the profit share pool, given my situation, what percentage would be fair of me to ask without disrespecting him or the team?
To clarify, for this specific strategy we’re working on, pretty much it’s just me and the QA/QR responsible for pretty much everything.
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