| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | |
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1 | ResponseId | DistributionChannel | UserLanguage | Q1 | Q1.1 | Q2 | Q3 | Q3.1 | Q4 | Q5 | Q5.1 | Q6 | Q7 | Q8 | Q9 | Q10 | Q10 | |||||||||
2 | Response ID | Distribution Channel | User Language | What sort of trading/investment group do you work (or have you worked) in? Check all things that ap | Q1 Addendum. Can you provide more details if you checked "other" (optional)? | What asset classes do (or did) you trade? Check all that apply. | How would you best characterize your main investment methodology? Select one answer. | Q3 Addendum. Please elaborate if you selected "other". | Are forecast construction (or fundamental modeling), portfolio optimization, and trade execution separate processes at your firm? Check all that apply. | For which of the following processes do you use machine learning and/or regression methods at your firm? Check all that apply. | Q5 Addendum. Please elaborate if you selected "other" (optional). | If so, do you employ stochastic optimization/model selection methods at any stage of your investment process? Select one answer. | Suppose you were given several anonymous market participants’ return forecasts/price targets on an asset -- without the underlying information/news/data or calculations used to generate these forecasts. How much would this information change your desired trade sizing and execution? Select one answer. | Suppose another market participant is willing to fulfill a trade order that you submit (i.e. a particular price, quantity, and direction informed by your research). How much would knowing this ahead of time lead you to reconsider and change your desired trade sizing and execution? Select one answer. | Would you characterize your firm as having access to better (or more private) information than others or better modeling ability than others? Select one answer. | How much uncertainty do you have about the investment models (i.e. mapping between information and trade strategy) other market participants use? Stated otherwise, given another market participant’s price target for an asset, could you isolate what information they could possibly have or models they might be using? Select one answer. | Would you like to enter a raffle to win a $300 Amazon gift card? Your response will still remain anonymous. | |||||||||
3 | R_3nDA0W8LkCCdQpp | anonymous | EN | Hedge fund | Futures | “Trader” -- Discretionary: I use statistical analysis, including regressions, to obtain forecast(s) of security value. I then trade with a human overlay, particularly as concerns position sizing and trade timing | Yes. Moreover, computational resources used for these processes are distinct,Yes. Execution is focused on the avoidance of price impact | Data cleaning ,Forecast construction | Yes | A little | Not at all | Better modeling | A lot /no | Yes | ||||||||||||
4 | R_1n7UTMjStTQuQIA | anonymous | EN | Hedge fund | Options,Futures,Fixed Income (excl. securitized products) | “Trader” -- Discretionary: I use statistical analysis, including regressions, to obtain forecast(s) of security value. I then trade with a human overlay, particularly as concerns position sizing and trade timing | Yes. Other reasons | Forecast construction | Yes | A little | Not at all | Both | A little/yes | Yes | ||||||||||||
5 | R_1gHZjWyt2ELNFB8 | anonymous | EN | Hedge fund | Equities,Options,Futures,Fixed Income (excl. securitized products),Currency/FX | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Execution is focused on the avoidance of price impact | Does not apply | No | Not at all | Not at all | Neither | A lot /no | Yes | ||||||||||||
6 | R_cNLIAULZJsOyKuB | anonymous | EN | Asset/investment manager | Equities,Options,Fixed Income (excl. securitized products),Securitized Products (ABS),Currency/FX | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Execution is focused on the avoidance of price impact | Does not apply | Does not apply | A little | A little | Both | A lot /no | Yes | ||||||||||||
7 | R_ezCVB33iqGBJaJX | anonymous | EN | Prop shop | Options | “Quant” -- Systematic: I use a purely algorithmic trading strategy (including forecast construction and portfolio optimization) with minimal human intervention | Yes. Other reasons | Forecast construction,Portfolio optimization | Yes | A lot | A lot | Better modeling | A little/yes | Yes | ||||||||||||
8 | R_3sjFKcDqgnbtB49 | anonymous | EN | Asset/investment manager | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Other reasons | Does not apply | Does not apply | A little | Not at all | Better information | A lot /no | Yes | ||||||||||||
9 | R_1gjNpEGztHgVhAY | anonymous | EN | Other | Venture Capital / Private Equity | Securitized Products (ABS),Crypto | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Moreover, computational resources used for these processes are distinct | Does not apply | No | Not at all | Not at all | Neither | A lot /no | Yes | |||||||||||
10 | R_3rHwhpBh1Jbarnw | anonymous | EN | Other | Private equity LBO / private credit hedge fund | Equities,Fixed Income (excl. securitized products) | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Moreover, computational resources used for these processes are distinct | Does not apply | Does not apply | A little | A little | Better information | A lot /no | Yes | |||||||||||
11 | R_3kB19i38WF796Pw | anonymous | EN | Asset/investment manager | Futures | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | No | Portfolio optimization | Does not apply | A little | A little | Better modeling | A lot /no | Yes | ||||||||||||
12 | R_2zhXVa9nBaGuBM9 | anonymous | EN | Bank trading desk | Fixed Income (excl. securitized products),Securitized Products (ABS) | “Trader” -- Discretionary: I use statistical analysis, including regressions, to obtain forecast(s) of security value. I then trade with a human overlay, particularly as concerns position sizing and trade timing | Yes. Moreover, computational resources used for these processes are distinct | Forecast construction | No | A little | A little | Neither | A little/yes | Yes | ||||||||||||
13 | R_7X34kf7qVLTLoIh | anonymous | EN | Market-maker | Equities | “Quant” -- Systematic: I use a purely algorithmic trading strategy (including forecast construction and portfolio optimization) with minimal human intervention | Yes. Moreover, computational resources used for these processes are distinct | Data cleaning ,Forecast construction,Portfolio optimization,Does not apply | Yes | A lot | A little | Both | A lot /no | Yes | ||||||||||||
14 | R_2zeeMa65cQEXWJM | anonymous | EN | Hedge fund | Equities,Options,Crypto | “Quant” -- Systematic: I use a purely algorithmic trading strategy (including forecast construction and portfolio optimization) with minimal human intervention | Yes. Moreover, computational resources used for these processes are distinct,Yes. Execution is focused on the avoidance of price impact | Data cleaning ,Forecast construction,Portfolio optimization,Execution trading/systems | Yes | A little | A lot | Better information | A little/yes | Yes | ||||||||||||
15 | R_2eRT75BSbC9oJ5C | anonymous | EN | Asset/investment manager | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Execution is focused on the avoidance of price impact | Forecast construction,Portfolio optimization,Execution trading/systems | Yes | Not at all | A little | Neither | A little/yes | Yes | ||||||||||||
16 | R_1PXm9PHKDJ3oqOU | anonymous | EN | Hedge fund | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Execution is focused on the avoidance of price impact | Portfolio optimization | Yes | A little | A little | Neither | A lot /no | Yes | ||||||||||||
17 | R_2fv46yM7E6R3L1V | anonymous | EN | Hedge fund | Equities | “Trader” -- Discretionary: I use statistical analysis, including regressions, to obtain forecast(s) of security value. I then trade with a human overlay, particularly as concerns position sizing and trade timing | Yes. Other reasons | Portfolio optimization | Yes | Not at all | A little | Neither | A lot /no | Yes | ||||||||||||
18 | R_3hGD2Su399bzArD | anonymous | EN | Hedge fund | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Execution is focused on the avoidance of price impact | Data cleaning ,Forecast construction,Portfolio optimization,Execution trading/systems | Yes | A little | A little | Both | A little/yes | Yes | ||||||||||||
19 | R_2A0jgQvnG39ERSB | anonymous | EN | Hedge fund | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Execution is focused on the avoidance of price impact | Does not apply | No | Not at all | Not at all | Better modeling | A little/yes | Yes | ||||||||||||
20 | R_ZzeECywrngXMMpP | anonymous | EN | Hedge fund | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Moreover, computational resources used for these processes are distinct | Forecast construction | No | A little | A little | Neither | A lot /no | Yes | ||||||||||||
21 | R_1g0xgUfQoNWGwqP | anonymous | EN | Market-maker | Equities,Options | “Trader” -- Discretionary: I use statistical analysis, including regressions, to obtain forecast(s) of security value. I then trade with a human overlay, particularly as concerns position sizing and trade timing | No | Execution trading/systems | No | A little | A little | Better modeling | A lot /no | |||||||||||||
22 | R_3IQUZhUt9vCQryF | anonymous | EN | Asset/investment manager | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Moreover, computational resources used for these processes are distinct | Does not apply | Does not apply | A little | A little | Neither | A lot /no | Yes | ||||||||||||
23 | R_2D2eJ5rxtU245A6 | anonymous | EN | Asset/investment manager | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Moreover, computational resources used for these processes are distinct | Data cleaning | No | A little | A little | Neither | A little/yes | Yes | ||||||||||||
24 | R_33lQTI8czrkMxRg | anonymous | EN | Asset/investment manager | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Execution is focused on the avoidance of price impact | Does not apply | Does not apply | Not at all | A lot | Neither | A little/yes | Yes | ||||||||||||
25 | R_2CHwlCnwzYy8Dkv | anonymous | EN | Hedge fund | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Execution is focused on the avoidance of price impact | Does not apply | Does not apply | Not at all | Not at all | Neither | A lot /no | Yes | ||||||||||||
26 | R_3nIyiB5jOeNObZX | anonymous | EN | Hedge fund | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Other reasons | Does not apply | No | Not at all | Not at all | Neither | A lot /no | No | ||||||||||||
27 | R_28UoOtjjpyYWUzX | anonymous | EN | Hedge fund | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | No | Does not apply | No | A little | A little | Better modeling | A little/yes | Yes | ||||||||||||
28 | R_2Qgh4u7czKGi2FF | anonymous | EN | Hedge fund | Equities,Options | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | No | Does not apply | No | Not at all | A lot | Neither | A lot /no | Yes | ||||||||||||
29 | R_3iCpGqcsFE1DFWJ | anonymous | EN | Hedge fund | Equities,Fixed Income (excl. securitized products) | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Moreover, computational resources used for these processes are distinct | Execution trading/systems | No | Not at all | Not at all | Neither | A little/yes | Yes | ||||||||||||
30 | R_2qqR8PEL2kp8zBv | anonymous | EN | Hedge fund | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | No | Does not apply | Does not apply | Not at all | Not at all | Neither | A lot /no | Yes | ||||||||||||
31 | R_1GBVXlYrAp6zlgx | anonymous | EN | Hedge fund | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Execution is focused on the avoidance of price impact | Does not apply | No | Not at all | A little | Neither | A lot /no | Yes | ||||||||||||
32 | R_28YFVIqUGHQJoz6 | anonymous | EN | Bank trading desk | Fixed Income (excl. securitized products) | “Trader” -- Discretionary: I use statistical analysis, including regressions, to obtain forecast(s) of security value. I then trade with a human overlay, particularly as concerns position sizing and trade timing | No | Data cleaning ,Execution trading/systems | No | Not at all | A little | Better information | A lot /no | Yes | ||||||||||||
33 | R_3gSr7CuoTU9BzBS | anonymous | EN | Hedge fund | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Execution is focused on the avoidance of price impact | Portfolio optimization | Yes | A little | A little | Both | A lot /no | Yes | ||||||||||||
34 | R_pGiC7EflnbVsk2l | anonymous | EN | Hedge fund | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Other reasons | Does not apply | Does not apply | Not at all | A little | Better information | A little/yes | Yes | ||||||||||||
35 | R_21aLwAwIILbK795 | anonymous | EN | Retail/daytrading | Equities,Options,Futures | Other | I guess and YOLO | No | Does not apply | Does not apply | Not at all | Not at all | Neither | A little/yes | Yes | |||||||||||
36 | R_246R1HVwX5yuzE2 | anonymous | EN | Asset/investment manager | Equities,Fixed Income (excl. securitized products) | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Execution is focused on the avoidance of price impact,Yes. Other reasons | Does not apply | No | A little | A little | Better information | A lot /no | Yes | ||||||||||||
37 | R_2VO7SltMou7NaBu | anonymous | EN | Asset/investment manager | Fixed Income (excl. securitized products) | Other | Real estate at low pace. Look for opportunities in evolving zones and enjoy their growth along the years. | No | Does not apply | Does not apply | Not at all | Not at all | Better information | A little/yes | Yes | |||||||||||
38 | R_28YtH9s3vOdMFqc | anonymous | EN | Hedge fund | Equities,Options | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Execution is focused on the avoidance of price impact | Does not apply | Does not apply | A lot | A lot | Better information | A lot /no | Yes | ||||||||||||
39 | R_RREIricj3T0NXjj | anonymous | EN | Asset/investment manager | Equities,Options,Futures,Fixed Income (excl. securitized products),Currency/FX | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Moreover, computational resources used for these processes are distinct | Forecast construction,Execution trading/systems | Yes | A little | A little | Better modeling | A lot /no | Yes | ||||||||||||
40 | R_4JgH1CjPtGIO6vD | anonymous | EN | Bank trading desk | Currency/FX | “Trader” -- Discretionary: I use statistical analysis, including regressions, to obtain forecast(s) of security value. I then trade with a human overlay, particularly as concerns position sizing and trade timing | No | Does not apply | Does not apply | A little | A little | Neither | A lot /no | Yes | ||||||||||||
41 | R_T0lFZCS06GKQTJL | anonymous | EN | Asset/investment manager | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Other reasons | Does not apply | No | A little | A little | Neither | A lot /no | Yes | ||||||||||||
42 | R_2YeKMNmhP7keIFa | anonymous | EN | Hedge fund | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Moreover, computational resources used for these processes are distinct | Does not apply | Does not apply | A little | Not at all | Better information | A lot /no | Yes | ||||||||||||
43 | R_3GqhdeVxkVBWyf0 | anonymous | EN | Hedge fund | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Moreover, computational resources used for these processes are distinct | Does not apply | Does not apply | Not at all | Not at all | Better information | A little/yes | Yes | ||||||||||||
44 | R_1g6Xd8HahPofinu | anonymous | EN | Bank trading desk | Fixed Income (excl. securitized products),Securitized Products (ABS) | Other | I worked at a large broker dealer and our mandate was to ensure there was enough liquidity in the market for the specific product | No | Does not apply | No | A little | A lot | Both | A lot /no | Yes | |||||||||||
45 | R_1kXP4WFJQFqEzxH | anonymous | EN | Asset/investment manager | Futures,Fixed Income (excl. securitized products),Currency/FX | “Quant” -- Systematic: I use a purely algorithmic trading strategy (including forecast construction and portfolio optimization) with minimal human intervention | Yes. Execution is focused on the avoidance of price impact | Forecast construction,Portfolio optimization | Yes | A little | Not at all | Neither | A little/yes | Yes | ||||||||||||
46 | R_12zMKPmtInS5Szy | anonymous | EN | Hedge fund | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Moreover, computational resources used for these processes are distinct | Forecast construction | Yes | Not at all | Not at all | Both | A lot /no | Yes | ||||||||||||
47 | R_1DPcelTsGjxv7Xp | anonymous | EN | Asset/investment manager | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Moreover, computational resources used for these processes are distinct | Forecast construction,Portfolio optimization,Execution trading/systems | Yes | A little | Not at all | Neither | A lot /no | Yes | ||||||||||||
48 | R_2ccNKxKoWONtyvZ | anonymous | EN | Hedge fund | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Execution is focused on the avoidance of price impact | Does not apply | Does not apply | Not at all | Not at all | Neither | A little/yes | Yes | ||||||||||||
49 | R_aaTtVi89EL0GweZ | anonymous | EN | Retail/daytrading | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Moreover, computational resources used for these processes are distinct | Data cleaning ,Forecast construction,Portfolio optimization | Does not apply | A little | A lot | Better modeling | A lot /no | Yes | ||||||||||||
50 | R_QbS3T61wWBbUde9 | anonymous | EN | Hedge fund | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Other reasons | Forecast construction | No | Not at all | Not at all | Better modeling | A lot /no | Yes | ||||||||||||
51 | R_uwFKTl1ySN9YTHr | anonymous | EN | Hedge fund | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | No | Does not apply | No | A little | A little | Neither | A little/yes | Yes | ||||||||||||
52 | R_2v1fsjdyQlerYvD | anonymous | EN | Hedge fund | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Execution is focused on the avoidance of price impact | Does not apply | No | A little | A little | Neither | A lot /no | Yes | ||||||||||||
53 | R_2b14Vk8hoBGjsvn | anonymous | EN | Asset/investment manager | Fixed Income (excl. securitized products) | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Execution is focused on the avoidance of price impact | Portfolio optimization | Yes | A little | Not at all | Both | A little/yes | Yes | ||||||||||||
54 | R_12RRYbegx3hMILc | anonymous | EN | Hedge fund | Equities | “Investor” -- Discretionary: I use many different inputs to forecast an asset’s fundamentals and impute an intrinsic value or price target, according to which I trade | Yes. Moreover, computational resources used for these processes are distinct | Data cleaning ,Forecast construction | No | A little | Not at all | Both | A lot /no | Yes | ||||||||||||
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