Editorial Staff

Christina Qi Goes From Welfare to Wall Street 

/in , , /by Editorial Staff
Share on Facebook
Share on Twitter
Share on
LinkedIn
+

Immigrants and refugees are a net economic benefit to host countries like the United States. Research has consistently shown they help create jobs and add an important dynamism to our economy. This is the case even when there is initial investment on behalf of the state, through education, English classes or welfare. Immigrants pay more into the system than they get out.  For Christina Qi, who started a hedge fund at just 22, the welfare she was on in her early years in Utah after moving from China helped stabilize her youth and pave the way for her to attend MIT. She went on to co-found Domeyard, a quantitative trading firm, in 2013, among the longest running high-frequency trading hedge funds in the world, and was trading up to $7 billion dollars a day. In 2019, she founded Databento, an on-demand data platform for asset managers and quantitative analysts. Being an immigrant, Asian and a woman in the cutthroat, male-dominated world of Wall Street didn’t deter her. Nor did she forget those who helped get her to where she is today. As you’ll soon learn in this week’s JobMakers podcast.

Guest

Christina Qi is the CEO of Databento, an on-demand data platform for asset managers and quants. She is also a Founding Partner of Domeyard LP, among the longest running high-frequency trading hedge funds in the world. She started the firm 8 years ago from her dorm room with $1,000 in savings, and it trades up to $7.1 billion per day. Her company’s story has been prominently featured in Forbes and Nikkei, and she has been quoted in The Wall Street Journal, Bloomberg, CNN, NBC, and the Financial Times. Christina is a contributor to the World Economic Forum’s research on AI in finance. She is a visiting lecturer at MIT, and teaches Domeyard’s case study at Harvard Business School and other universities. Christina was elected as a Member of the MIT Corporation, MIT’s Board of Trustees, and Co-Chair of the Board of Invest in Girls in 2019. Christina also sits on the Board of Directors of The Financial Executives Alliance (FEA) Hedge Fund Group, drives entrepreneurship efforts at the MIT Sloan Boston Alumni Association (MIT SBAA), and served on the U.S. Non-Profit Boards Committee of 100 Women in Finance for five years. Her work in finance earned her a spot on the Forbes 30 Under 30, where she is now a board member. Christina holds a Bachelor of Science in Management Science from MIT and is a CAIA Charterholder. She is publishing a book in 2021, The Finance Snake: A Memoir About My Billion Dollar Hedge Fund.

Get new episodes of JobMakers in your inbox!

Browse Pioneer’s Podcasts:

Sheldon Novick on Henry James, American Women, & Gilded-Age Fiction

Mr. Novick discusses the complexities of Henry James’ life and writing career, highlighting his significant literary contributions, the influence of his family's intellectual legacy, and the realistic portrayal of social tensions in his works. Novick explores Henry James’ life experiences that shaped his novels like The Portrait of a Lady and The Golden Bowl. 

Protectionism’s Bipartisan Embrace: Who Pays When Imports Cost More

Joe Selvaggi talks with international tax and trade expert Clark Packard about the tension between the economic and political calculus behind the Biden administration's recently announced tariffs on Chinese products, including EVs, batteries, and steel.

USAF Academy’s Jeanne Heidler on Henry Clay & Congressional Statesmanship

Dr. Heidler discusses Henry Clay's legacy as a seminal figure in American history. She covers Clay's early life, his transformation from a Virginia farm boy to a leading statesman, and his being mentored in the law by Founding Father, George Wythe.

Universal Savings Accounts: Designing Tax Incentives that Pay to Save

Joe Selvaggi talks with CATO Institute’s Dr. Adam Michel about the opportunity for tax reforms that promote individual savings, an important foundation for economic growth, personal well-being, and intergenerational support.

Israeli Harvard Student Maya Shiloni on Campus Antisemitism

Kimberly Steadman of Edward Brooke on Boston’s Charter School Sector

Steadman reflects on her educational background and leadership in urban charter public schools. She discusses the importance of rigorous academic expectations for K-12 students, and how this outlook influences her educational philosophy co-directing the Brooke charter school network. Ms. Steadman shares the challenges faced by Massachusetts charters due to the post-2016 ballot loss, and how she and other charter public school leaders advance supportive policy reforms.

Precision Law Enforcement: Can Gunfire Detection Technology Serve and Protect Everyone?

Joe Selvaggi talks with SoundThinking's Senior Vice President Tom Chittum about gunfire location technology promises and pitfalls when deployed by law enforcement in high-crime communities.

Cheryl Brown Henderson on the 70th Anniversary of Brown v. Board of Education

Cheryl Brown Henderson, daughter of the lead plaintiff in the landmark U.S. Supreme Court decision, Brown v. Board of Education, explores her family's pivotal role in the Brown case, detailing her father’s part within the NAACP's wider legal strategy.

Examining Diversity’s Dividends: Can Studies Survive Contact with Peer Review

Joe Selvaggi talks with business data scientist Dr. Jeremiah Green about his peer review work examining consulting firm McKinsey’s studies on the measurable financial benefits of diversity in corporate executive leadership.

POLITICO’s Peter Canellos on Justice John Marshall Harlan & Plessy v. Ferguson

Mr. Canellos delves into Harlan's upbringing in a prominent slaveholding family, his Civil War service in the Union Army, and his rapid rise in Kentucky politics as a Republican. He highlights John Harlan’s mixed-race half-brother Robert Harlan and key legal precedents like the notorious Dred Scott v. Sandford (1857), which influenced Harlan's views on race and equality. 

Promoting Policy Probity: Confessions of Hubwonk’s Humble Host at 200

Hubwonk's Joe Selvaggi marks episode 200 with a solo podcast that offers some backstory of his journey to becoming a host and offers some insights learned from more than 4 years of interviews.

Colonel Peter Hayden on U.S. Cyber Command & National Security

General Counsel of U.S. Cyber Command, Colonel Pete Hayden, shares insights about growing up in western Massachusetts, attending law school, his military service, and emphasizes the legal aspects of his national security work. Col. Hayden discusses Cyber Command's mission, distinguishing it from the NSA, while stressing the importance of defending the nation in cyberspace.