Richard (Yihua) Nie, Cfa, Fsa
About Richard (Yihua) Nie, Cfa, Fsa
Richard (Yihua) Nie is a quantitative researcher currently employed at Two Sigma in the New York City Metropolitan Area. He has a strong background in quantitative strategy and finance, having previously worked at Virtu Financial and earned a Ph.D. in Business Administration from the University of Rochester.
Work at Two Sigma
Richard Nie currently serves as a Quantitative Researcher at Two Sigma, a position he has held since 2021. His work focuses on developing quantitative models and strategies to enhance trading performance. The role is based in the New York City Metropolitan Area, where he applies his extensive background in quantitative finance and research to contribute to the firm's innovative approach in the financial markets.
Previous Experience at Virtu Financial
Prior to joining Two Sigma, Richard Nie worked at Virtu Financial as a Quantitative Strategist from 2019 to 2021. In this role, he was involved in developing trading strategies and analyzing market data to improve trading efficiency. He also completed a summer internship at Virtu Financial in 2018, where he worked in the Trading Signal Strategy Group for two months.
Education and Expertise
Richard Nie holds a Doctor of Philosophy in Business Administration with a concentration in Finance from the University of Rochester's Simon Business School, where he studied from 2014 to 2019. He also earned a Master of Science in Operations Research from Columbia University from 2012 to 2014. His undergraduate studies include a Bachelor of Science in Physics from Fudan University. This diverse educational background equips him with a strong foundation in quantitative analysis and financial modeling.
Research and Academic Contributions
Richard Nie has a significant academic background, including a role as a Full-time Research Associate at Columbia Business School in 2014. He participated in the Columbia Business School Global Summer Research Program in 2013, where he was one of only 20 selected from over 1,100 applicants. His research contributions during his doctoral studies and previous positions reflect his commitment to advancing knowledge in finance and quantitative methods.
Achievements in Quantitative Finance
Richard Nie has received multiple return offers from prestigious firms, including Virtu Financial and KCG Holdings, highlighting his strong performance in quantitative roles. He was the only candidate selected for a return offer from KCG Holdings in 2017, out of 12 candidates, and received a similar distinction from Virtu Financial in 2018. Additionally, he won the top position in the Shanghai Applied Mathematics & Modeling contest in 2008, outperforming over 20,000 participants.