Comment by lucozade

> BAML Quartz was conceived by a bunch of front-office quants...

It was worse than that. What they actually built was a system designed to support complex hybrid structuring. It's what markets desks had been making a lot of money in prior to the crash esp GS. Unfortunately, post-crash there wasn't much money in structuring so the Front Office was more interested in investing in flow. Quartz was really, really bad at flow.

It took a long time (and the departure of Mike, Kirat et al) to get Quartz to a position where it was a reasonably sane FO system for the world as was rather than as it had been.

Fun times.