Currently CompAlpha has a strong outsourcing operation in Beijing, China. Beijing allows us to have 24/7 coverage for our clients and Beijing’s Haidian District is considered China’s Silicon Valley. There are more Universities and Colleges in Beijing than any other city in China. It has, by far, the strongest and most educated talent pool in China.
• Outsourcing to cheaper locations is now an important part of the strategy of any major player in the financial industry. It allows not only significant cost reduction, but it also enables even small organizations to have quant and development resources equivalent to those of large firms and at a fraction of the costs.
• Outsourcing all the parts of projects that need not be done directly in Europe or the US allows us to realize significant cost arbitrages that are then passed on to our clients, enabling us to offer the best service at extremely competitive prices. We always aim at making sure that on every project we work on we can provide directly measurable value or significant improvement in processes as acknowledged by our clients’ feedback.
• We have brought together a strong, flexible, stable and motivated team of engineers and analysts.
All the members of our team in Beijing are maths, statistics, science or technology graduates from the best universities in China. The team is mentored by our seasoned quants and developers from Europe and the US. Employee retention in our Beijing office is very high and turnover is much lower than Europe or the US.
• For greater efficiency and to insure the best execution and fluidity along the chain, there are always English speaking engineers from Europe or the US working locally with our Beijing team. And our presence in China enables us to cover a large number of time zones and ensures constant support to our clients having operations in Asia. It also gives us a footprint in the largest banking market in the world. Three out of the five largest financial institutions in the world by market value are headquartered in Beijing.