# PDT Quant Trader Objectives – 2026
*Last Updated: 2026‑03‑15 · For system upload*

## 1. P&L & Team Contribution
**Goal:** Work with PDT APAC trading team to achieve the annual P&L budget of **30 M USD**.

**Key actions:**
- Participate in daily trading routines (morning setup, intraday quoting/hedging, evening reconciliation).
- Actively contribute to risk‑taking decisions that drive P&L.
- Share responsibility for team‑level P&L outcomes.

## 2. Own OMM Production & System Rebuild
**Goal:** Become the primary owner of **Option Market Making (OMM) production** and drive associated system enhancements.

**Key actions:**
- Master the end‑to‑end OMM workflow (quoting, hedging, risk management, P&L attribution).
- Lead the rebuild/evolution of OMM quoting algorithms (signal‑driven, low‑latency, adaptive).
- Assist the stamp‑duty exemption initiative to improve trading economics.

## 3. Guide Listed‑Option Analytics Development
**Goal:** Guide Frankie (matrix‑managed) to build a solid foundation of listed‑option analytics bricks.

**Key deliverables:**
- Analytics on **bid‑ask spread** dynamics (intraday, cross‑sectional, regime‑dependent).
- **Volume & liquidity** profiling (volume‑weighted spreads, hidden liquidity detection).
- **Market‑impact** measurement for directed flow (liquidity‑provider response to lifts).

## 4. Trading Compliance & Operational Excellence
**Goal:** Ensure zero mispricing incidents and full compliance with trading rules.

**Key actions:**
- Complete all required compliance trainings and pass relevant certifications.
- Adhere to daily checklists (pre‑market, intraday, post‑close).
- Maintain meticulous trade‑booking and reconciliation practices.

## 5. Build Listed‑Option Backtesting Framework
**Goal:** Deliver a **low‑frequency execution‑assumption backtesting framework** in ETDA that the trading team can run independently.

**Scope:**
- Historical replay of option quotes/trades with realistic execution assumptions.
- P&L attribution by strategy component (delta, vega, theta, spread capture).
- Integration with existing ETDA data pipelines (warrants, CBBCs, listed options).

## 6. Sustain Quant Expertise on GED Projects
**Goal:** Continue providing quantitative leadership on key Global Equity Derivatives projects.

**Focus areas:**
- **Algo Vol Fitter** – maintain calibration quality, support regional migrations (EMEA, US).
- **Pricing Service** – ensure stability, accuracy, and performance for all three regions.
- Act as bridge between trading intuition and quant‑dev implementation.

## 7. Drive AP Deliveries with Team Review
**Goal:** Keep AP (Asia‑Pacific) deliveries on track with peer review from Robin/Ray.

**Process:**
- Weekly sync with Robin/Ray on delivery status.
- Ensure trading‑team feedback is incorporated into development priorities.
- Maintain clear documentation of decisions and trade‑offs.

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## Personal Development Objectives
*Complementary to the above team goals*

### A. Accelerate Trading Intuition & Experience
- **Shadow Shuai/Robin/Ray** on their daily workflows (quoting, hedging, P&L review).
- **Participate in all trading routines** (morning call, intraday huddles, end‑of‑day wrap‑up).
- **Build mental models** for OMM decision‑making under uncertainty.

### B. Strengthen Team Integration
- **Actively contribute** to team discussions (bring data‑driven insights, ask clarifying questions).
- **Share learnings** from quant/project background in ways that help traders.
- **Demonstrate reliability** in both routine tasks and crisis situations.

### C. Maintain Strategic Influence
- **Keep Vassili informed** on key developments (OMM progress, GED project milestones).
- **Leverage quant‑dev relationships** to accelerate trading‑team initiatives.
- **Balance** deep trading focus with broader GED ecosystem awareness.

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## Success Metrics (Year‑End)
1. **P&L:** Contribute measurably to team’s 30 M USD budget.
2. **OMM Ownership:** Able to run OMM book independently (quoting, hedging, P&L explanation).
3. **Analytics Delivery:** Frankie’s listed‑option bricks are production‑ready and used by traders.
4. **Backtesting Framework:** Trading team runs at least one strategy backtest per month via ETDA.
5. **Zero Compliance Incidents:** No mispricing, no rule violations.
6. **GED Project Stability:** Algo Vol Fitter & Pricing Service operate without major issues across regions.
7. **Team Integration:** Regularly included in core trading discussions and decision‑making.

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*This document reflects the objectives agreed with Shuai (PDT APAC lead) and aligns with Vassili’s broader GED strategy. It will be reviewed quarterly.*