Longtime reader here, left the biz in 2012. I thought I'd give back and post some good advice that was shared with me by an older mentor when I was younger. Learn it. Use it. Live it. Hope you find it helpful. 15 CAREER STEPS 1.) Perception is everything...act as if. 2.) Never give them a reason t...
|22||26 min 40 sec ago|
When you find a broker, there are many factors you should consider. What is your priority consideration? ...
|0||9 hours 50 min ago|
Feel free to post deadline dates and whether or not apps are open on here and I will continue to add. As you can tell, I have more names to add as well so just let me know who I left off and I will add: Wells Fargo: ClosedGoldman Sachs: Open Now (Deadline in December)J.P. Morgan: Open NowBank of Ame...
|26||14 hours 51 min ago|
I wanted to share a tool I use to stay up to date with the markets with all the other monkeys out there looking for a job especially in S&T. I have developed a pretty cool excel sheet to get my daily market updates without having to surf through the web/click back and forth between different web...
|1||16 hours 51 min ago|
W are looking for reliable supplier at Petroleum, we are looking for direct or mandate seller not fake ...
|1||19 hours 40 min ago|
Is the Kaplan Q bank recognized as being traditionally harder than the exam? I am scoring 82, 71, and 68 on the exams thus far and they seem to be a bit challenging. Anyone who has recently taken the 7 out there? ...
|0||1 day 15 min ago|
Does anybody know of good prop shops based in California? I've been looking around, but it seems that the vast majority are based in either Chicago or New York - even the ones that have SF offices only do dev work or recruiting from there. Any names would be much appreciated ...
|5||1 day 2 hours ago|
Does anyone have info about Corporate FX Sales groups within BBs? Long-term outlook of starting work on that desk, exit ops, general pathway, best firm? Met an alum who worked on a desk and his description of the work sounded really interesting. ...
|0||1 day 2 hours ago|
Hello, I am new to finance, the advisor I am currently an intern for was telling me great stories about how back in the day when he was trading converts there used to be cursing and fighting all the time! Was this common did people really fist fight on the floor and why? I am only 18 thus why I do n...
|4||2 days 5 hours ago|
Been at a BB in derivs trading for 5 years now. As I've gotten more comfortable in my role/started to make a career at the bank I've frankly sort of stopped networking as it hasn't been necessary. To be entirely honest I'm a lonely sort and most of my friends are outside the industry-and as I haven...
|8||2 days 14 hours ago|
There have been a few requests to find the classic post by Bondarb, so it made sense to sticky it. This is what he wrote: Here is how you learn about trading: Have at least 5k. If you dont have that then get it somehow, use your imagination. Set up an account on Interactive Brokers that allows your ...
|54||2 days 17 hours ago|
Anybody else in the process of studying? My exam date is Jan 15th and currently studying chapter 12 (municipal securities). I have been making a study guide as I go through each chapter, I can post it if anybody's interested. Having trouble staying focused right now though and I really don't want to...
BEAST MODE TRADER
|19||2 days 22 hours ago|
Hey guys, I'm looking for some advice for my future in trading. I started trading FX senior year of high school and I'm still trading to this day. I've had a lot of ups and in downs in the beginning but I'm now crossing the threshold of consistency by returning about 4% per month. I am about to go...
|8||4 days 4 hours ago|
Has anyone interviewed at Barclays for Sales and Trading before? If so can you please give me some insight, thanks! ...
|0||4 days 17 hours ago|
Hey Monkeys, we thought it would be fun to run a stock market challenge this summer for the WSO community so we've partnered up with Wall Street Survivor for a two month virtual stock market investing challenge. If you're a stock market whiz or you have a knack for trading/investing, put your talent...
|5||5 days 6 hours ago|
Tried looking for a post like this but couldn't find much. Looking for any trading winternships for this winter, either at a prop trading firm or at an S&T desk at a bank. have interned at a trading firm before, just want something to do this winter. thanks for any help! ...
|5||5 days 16 hours ago|
Hi Monkeys, I got an return offer from a BB and decide to explore opportunities outside the firm. I contacted another BB's hr. He asked me why I still want to explore and whether it is because I don't like my current team. How should I answer the question? I feel like the industry circle is quite sm...
|3||5 days 16 hours ago|
Hey, I own automotive parts retail and wholesale industry in British Columbia. It is much difficult to make and review the database. Even I felt little difficulty regarding the supply of parts, especially to other provinces. It is a must that the quality of the goods has to be maintained. So I had d...
|0||6 days 13 hours ago|
Hi everyone, I'm a Canadian citizen with 2-4 years of Asset Management and early stage PE experience in Asia, who is looking to relocate back to Canada. I would ideally like to work for a MM PE firm in Toronto area. I searched the forum on what are some trustworthy MM PE firms in Toronto, and my imp...
|1||6 days 17 hours ago|
Please help! I am employ by a China Financial Futures exchange company, will provide the investment fund seeking a U.S company who can provide and managing the HFT trading software strategies and techniques for a Joint ventures? Anyone have any idea? Please help. Thank you! ...
|0||6 days 22 hours ago|
Note: I will use the word "Trader" as a vague term referring to day-traders, scalpers, investors & arbitrageurs. I always bump into articles talking about how "90 % of Traders lose money!" Nothing is further from the truth; the inputs used to determine the percentage of profitable traders/invest...
|1||1 week 5 hours ago|
I understand that physical trading is more relationship driven. What aspects would you say are similar and also different. Is the paper side more likely to fall to quants in the future or is that unlikely? Is the paper side relationship driven at all? ...
|4||1 week 8 hours ago|
From what I've seen as a SA, there are some electronic market making desks (for equities mainly) on the sell side that still deploy quant and hft strategies to generate alpha while staying within volcker restrictions. The people on these desks have told me what they do is similar to many hft quant h...
|2||1 week 8 hours ago|
I am struggling to properly understand the market making business (in investment banks). What makes a certain market maker more skillful than the other and what would he/she do better? Is this a business which requires technical abilites or is it more relationship based? I realise that this may diff...
|0||1 week 1 day ago|
|4||1 week 1 day ago|
Hey guys, long time lurker, first time poster. I am a rising economics and political science (double major, not that it matters) senior, and I am super interested in commodities trading. Physical commodities seems particularly interesting, however, I'm still 'new' so it all seems great. I have be...
|10||1 week 1 day ago|
Does anyone know much about this position? I know they sit with S&T, but am a little confused on their hierarchy/classification (are they S&T or part of ER or credit research?). Also, what really distinguishes a desk analyst from say ER or a publishing analyst, etc. There is very little on t...
|22||1 week 2 days ago|
Hey guys, recruitment is here. We should list out any questions we have been asked in S&T internships so we can help prepare each other. ...
|4||1 week 2 days ago|
Yahoo Finance used to have a section where they'd show upcoming events related to a stock, like earnings announcements or other important events. I don't see it there any longer. Are there other websites where these events are listed? I want earnings announcements, new product launches, etc. ...
|4||1 week 2 days ago|
Hi guys! I was preparing for my S&T interview and came across this:http://www.salesandtradingcareers.com/#/interview-... Has anybody bought the guide? Would love to know whether it is worth the money. ...
|7||1 week 3 days ago|
Hi all, I have been invited to interview for a ft position within BLK's trading and liquidity group. I was wondering if anyone had insight into this group, and if it was possible to work from this group into a PM role? Lastly, is this a truly trading role, or more of a trade support group? Thanks!...
|1||1 week 3 days ago|
There has been talk of Wall Street headding towards another crisis, with murmurs here and there talkng about bubbles similar to the dot coms and the MBS'es. Another murmur is now doing the rounds, that the stock markets are going to get real interesting really soon. The CBOE Volatility Index, also k...
|13||1 week 4 days ago|
There's a LOT of advice out there about trading. It tells you how to select securities, when to short, and so on. But there's a downside to having so much advice, you don't know what to follow.Some of the questions a relative newbie like me could have : IS it good to have a Bloomberg Terminal certif...
|1||1 week 4 days ago|
Are there paper trading sites where you can exercise the options? I am using CBOE and Investopedia and I don't see any way to exercise the option. Thanks ...
|1||1 week 4 days ago|
Does anyone have any insight into the range for the PnL of prop traders? Such as the minimum before you get sacked, the average (likely) PnL, and what a stellar PnL looks like. Or even if someone knows what sort of returns prop shops would salivate over should I cheekily attach my trade history with...
|0||1 week 4 days ago|
Hi guys, This is really something I need an answer to, Basically there are 2 types of Prop shops: 1) Those like Amplify Trading, Futexlive, Blueprint Capital, Savius LLC These firms basically recruit juniors without experience after enrolling them in a course (which you pay) and back them financiall...
|3||1 week 5 days ago|
Does anybody here work in this industry? It seems to be incredibly niche at this point. I'm a fresh grad with zero trading experience, heard about an opportunity to work in this field two days ago and now have a first round interview Thursday. This firm trades a lot of shit, from energy credits to b...
|3||1 week 5 days ago|
I'm currently working a back office job doing corporate action/settlement at a custodian banking environment (HSBC/Citi/Standard Chartered) for a little over 1 to 2 months in Hong Kong. I wonder how long I should stay at my current job and what it takes to move into middle office roles such as trade...
|7||1 week 6 days ago|
So another hack happened (surprise surprise), and this time they stole 120000 units of bitcoin from Bitfinex, a Hong Kong based bitcoin exchange. The overall value of that amount? Around $77M. The result? Bitcoin's value dropped 20% to around $480 per bitcoin. It did rebound to $550, and is looking ...
|2||1 week 6 days ago|
So background Check?! Honestly, I have never been through one before. What should I expect from a background check. Do I fill out a background check form of some sort? Or do they just verify my resume? What's included in background check? I know I shouldn't be worried, but it kind of got to me when ...
jesus of nazareth
|16||1 week 6 days ago|
Surprisingly, I can't find many threads on this topic. There have been many threads on the banker's lifestyle, but not many threads on the trader's lifestyle. We all know that the myth of models and bottles in banking is a lie. Getting girls has little to do with money, it's all about your game. We ...
|50||1 week 6 days ago|
I just graduated college and decided to pursue a career in trading. I have experience as a financial analyst intern for a RE company, and I live in Chicago. How can I find trading companies here, learn more about the industry and move into this space? Is there a list of companies I can apply to some...
|1||1 week 6 days ago|
Hello all, I am brand new to WSO. I will be a junior this fall, and am looking into summer internships for 2017. I am connecting with a guy next week who is the head of portfolio sales and trading at a well known bank. I have done extensive research on IB analyst programs at the bulge firms and bout...
|1||1 week 6 days ago|
It seems like the links on scribd requires a subscription. Can anyone PM me a pdf copy of this book? Thanks! ...
|8||1 week 6 days ago|
You Americans are blody fools, if you only knew how weak Europe is, you should be much less optimistic ! ...
|3||2 weeks 1 hour ago|
Hi all, Did a S&T internship at a BB but did not receive a return offer. Was very clear why: I was not enthusiastic about the job (very true). Not upset other than the fact I have less leverage for FT recruiting. Question: I've heard that, if in interviews, if they don't SPECIFICALLY ask if I re...
|5||2 weeks 5 hours ago|
I find useful tips from the paper in the title. I added sentences with *. If you want the whole paper with 23 pages, PM or google. ORGANIZATION Always put the date and your contact info on the front page. Figure out the one central and novel contribution of your paper. Start with the main result. G...
|0||2 weeks 7 hours ago|
I am about to start a new job equity trading and originally thought I would need to take the Series 55. As of January 2016, the Series 55 is no longer the Securities Trader Exam, it is now called the Series 57. Have any of you taken the exam and if so, which service did you use for exam prep/pract...
|6||2 weeks 16 hours ago|
Does anybody know cases of prop shops enforcing/not enforcing non-compete clause if somebody goes work for their competitor? For color its a mid-big size prop shop (mentioned a lot in the forum) and they pay my salary during my non-compete clause. Any reply or PM would be appreciated! ...
|6||2 weeks 1 day ago|
Hello, can somebody explain me what cross asset investment is and why this is related to S&T. I applied for S&T at Commerzbank and will be interviewed by the cross asset investment team. Thank you for your help. ...
|0||2 weeks 1 day ago|
Hi all, I just finished my internship in S&T and as you all know, as an intern, it's difficult to really have meaningful input because you're only shadowing and working on some projects. How can I quantify some of this and have strong bullet points on my resume? Thanks! ...
|2||2 weeks 2 days ago|
I am very interested in sales. I consider myself very extroverted. I'd prefer to be in the sales position rather than the trader/trader-sales position. How do I go about breaking in? Also, does institutional equity sales = institutional sales? ...
|1||2 weeks 2 days ago|
Hi there, new WSO community member here! I am interested in advancing my career in Trading Products Compliance and think that a great start would be to acquire a more solid and holistic understanding of the FINRA Rulebook. Does anyone know of any resources (blogs, books, websites, etc...) that expl...
|0||2 weeks 2 days ago|
Hey guys, I have a bit of a strange academic situation. I am a senior at a top school studying math. I intend to go to grad school next year but am free this spring. I'm pretty much new to finance. I did some work for an Asset Management firm in the past but am interested in structured products and ...
|0||2 weeks 3 days ago|
I will be starting a new job in September where my primary role will be to provide research to the energy derivatives trading team of a gas/LPG supplier. Any advice/comments on what a typical day is like, and how I can do a really good job? :) Thanks! ...
|0||2 weeks 3 days ago|
Hi my monkeys. For some reason i haven't been able to find a simple explanation online to this question. How do quotations work mechanically ? eg, for the price of a stock to be changed on my screen, what needs to happen ? does this mean that a few micro seconds ago, a transaction occurred at that p...
|6||2 weeks 4 days ago|
Did anyone else hit this up? The top 30 under 30 thing was actually a very good time. ...
|9||2 weeks 4 days ago|
I know I've already posted this on other boards, just want to get everyone's insight. Anyone here on the finance side of the art industry? I have been interested in this topic as of late and am struggling to find any detail on it, other than a few articles online of a shop or two. Another user poste...
|0||2 weeks 4 days ago|
Hey all, anyone heard of Mandara Capital? I had an interview with them and the next step would be a face to face in London. Just want to see if anyone has in depth knowledge of the company culture, presitge, pay, and anything else that I might need to know. Thanks ...
|6||2 weeks 4 days ago|
I was just wondering why is the majority of Wall Street backing Clinton over Trump? If Trump wins is there any chance he can actually repeal some of that regulations put in place such as the Dodd-Frank? ...
|0||2 weeks 4 days ago|
What are people's thoughts on a credit desk analyst role at a BB? (GS, MS, JP, etc.) What type of exit opportunities does it present? What are the pros and cons versus IB? What are the similarities and differences? ...
|1||2 weeks 4 days ago|
It's been a tough environment for restaurant stocks lately however, there are still optimists out there today after the bell as Shake Shack reports earnings. "'The burger chain reports second-quarter earnings after the market closes Wednesday. It does so after several fast food joints-including Mc...
|0||2 weeks 5 days ago|
Is it just me or does it appear to be impossible to land a job in S&T at a Bank/Firm without completing a summer internship there first? If you know of any full-time Sales & Trading programs, please let me know. Otherwise, I'm considering taking the GMAT and going to a MFin/MQF program to ge...
|1||2 weeks 5 days ago|
So as I'm studying for my exam I have a question to ask. When entering a trade it must fall within the designated percentage bands from the NBBO but also comply with the percentage band of clearly erroneous and also LULD bands? Im quite confused because they are not relatively close in terms of perc...
|3||2 weeks 5 days ago|
Hello Everyone, I'm going into my senior year at Rutgers. Im double majoring in accounting and finance and minoring in econ ..gpa 3.47 (fingers crossed, it should improve before I graduate). I already have an offer with PwC for after I graduate but I'd like to apply for JP Morgan s&t internship ...
|4||2 weeks 6 days ago|
I received an offer for a sales & trading assistant position at a small cap mkt firm (less than 10 employees) in Western US. I'm hoping someone could give me a range on what I should expect for salary & commission share. They are sponsoring me for series 7 & 63. Not sure if it even matte...
|0||3 weeks 12 hours ago|
Hi there, I'm finishing up my S&T internship at a BB bank and while I think (hope) that I did well enough to receive an offer after this Summer, S&T return offers tend to be lower than those of IB and other desks. I hear some interns and friends have already been interviewing for other banks...
|0||3 weeks 15 hours ago|
Okay, so I just received an offer from a small hedge fund (10 - 20 people) in Chicago. I will be a trading assistant until I can prove my worth and become an actual trader (6-12 months). The hedge fund manages around $60 - 120 million dollars and primarily does volatility arbitrage on equity options...
|37||3 weeks 1 day ago|
Should I add my personal trading account to my resume? 5% return since October...obviously it's nothing spectacular, but I think it shows my interests for the markets. I've traded stock and options. ...
|3||3 weeks 1 day ago|
Are any MBA schools considered targets for trading at a BB? Someone told me that there's no OCR for trading at any MBA schools so I wanted to check with you. I understand that an MBA will not help me get into trading at a prop shop, but I'm specifically interested in weird, illiquid products. ...
|1||3 weeks 1 day ago|
Aside from the personal questions and being a normal person I wanted to ask a few technical questions that gauge their interest. Thoughts? ...
|5||3 weeks 3 days ago|
Hey guys, recruitment is here. We should list out any questions we have been asked in S&T interviews so we can help prepare each other. ...
|0||3 weeks 3 days ago|
Hi, I'm looking into the differences between vol swaps and var swaps and from what I understand var swaps should always provide a better payoff than a vol swap if they have the same strike. However, when looking at an example with vol strike of 20% and realised vol of 28.4% I find that my vol swap ...
|8||3 weeks 3 days ago|
It seems like there's been an increasing amount of attention given to the physical commodities business on this site lately. If anyone can recommend any good books on the subject please post them here. Thanks. P.S.- Already read the King of Oil. ...
|16||3 weeks 4 days ago|
Wondering if someone could chime in on the different desks that their bank has and what might be an example of a type of transaction that might go on for the desk. Trying to learn a little about what different desks are out there and what kind of clients you might have. For example: Cash Equities: A...
|0||3 weeks 4 days ago|
I just started FT at a BB firm. i was wondering what the take is for the long-term career prospects within the industry. Is it safe to assume I'll have a strong career 10-15 years down the line? Part of me is drawn to something more stable, such as accounting. ...
|2||3 weeks 4 days ago|
http://www.bbc.co.uk/news/business-36976528 This is the first policy reform as a direct impact of Brexit. In a desperate move to stimulate the economy, BOE has also mentioned that rates could go lower if necessary. Analysts are expecting ZIRP by year end. Will this push the UK to NIRP in the future?...
|2||3 weeks 4 days ago|
Hi everyone, Interested in trading but not ready yet to risk your savings? We developed an exciting application called "Cindicator" which will help you to predict future share prices changes, currency pairs, and other significant financial events. The application is completely free for users, and we...
|0||3 weeks 4 days ago|
I had interview with Bank of America Quantitative Middle Office. First off, I am not sure what they are doing exactly and the answers are not consistent. I was told it's similar to quant on the desk... but why a quant in the middle office? Has anyone worked there before and how's it really going? Fo...
|7||3 weeks 4 days ago|
Is this a real trading job? Or do these trading roles not really emulate how the BBs used to run their books pre-2007? ------------------------------------------------ BSM Associates are looking for a Funding & Liquidity - Trading/Execution - Tier 1 IB. Tier 1 Bank seeks candidate with experienc...
|2||3 weeks 5 days ago|
Afternoon WSO, As an incoming trainee broker at a large inter-dealer broker (think ICAP/BGC) I was just wondering what are the sorts of things that traders look for when looking to open a line with a broker? What things do brokers do that set themselves apart from the rest and make you more likely ...
|5||3 weeks 5 days ago|
I want to know, what would you say is the most profitable asset class for trading nowadays? I'm talking about trading them at a bank/proprietary trading firm, not as a self-employed. Also, which ones are dying? Which ones are raising? Some examples of asset classes: - Equities - Options - Commoditie...
|1||3 weeks 5 days ago|
Wanted to get a discussion going here about High Frequency Trading. Can't really put my finger on what side I should take considering the good and the bad things I've heard about it. I'm not the most informed on the subject, so I'd like to hear some opinions on the subject matter. ...
|29||3 weeks 5 days ago|
Just wondering what your thoughts are on transitioning from a FI trading assistant at a BB to a full-time trader? Seems like it's nearly impossible. ...
|0||3 weeks 5 days ago|
|2||3 weeks 6 days ago|
Would you rather make 700k in NYC or 500k in Chicago and why? ...
|5||4 weeks 48 min ago|
How much capital would YOU need to make 1 million dollars within 5 years? Any type of investing is allowed. ...
|62||4 weeks 1 hour ago|
Currently working as a natural gas scheduler but am interested in moving over to the financial side of commodity trading. Wondering what people's thoughts were on the ERP certification and if it's something employers would value? Current employer doesn't have a large financial presence so hard to ga...
|1||4 weeks 1 day ago|
Looking for a 30 minute conversation with a forex salesperson or trader in a bulge/middle bracket firm. I would like to be tested on market jargon, understanding orders, etc. Willing to pay market rate for 30 minutes. Ping me if you can help. Please and thanks. ...
|0||1 month 1 day ago|
Hello, I am wondering how to best prepare for a move to NY in pursuit of a finance job with a company that provides broker training and Series 7 sponsorship. How might I best prepare for such a move? My plan is to give myself 60 days to find related employment and 120 days thereafter to take and pas...
|0||1 month 1 day ago|
Hey all, I was wondering if anybody here has heard of Quasar Trading. Their website is here: http://www.quasar-trading.com/ If you know anything about their reputation, training, philosophy, or comp (I assume its all performance based) I'd appreciate it. Thx ...
|14||1 month 2 days ago|
I keep on coming across job posts for "Equity Proprietary Trader" at Hold Brothers, and was hoping someone had some insight on working there. Are these guys legit, or are they one of those shops that are just after you paying a few thousand bucks for some lousy training program. (yes I know I alread...
|7||1 month 2 days ago|
Hi all, I am one of the many chasing derivstrading to have his interview guide. I tried to PM him and also all of those involved in previous conversations about the subject. He didn't reply and the others told me to contact him. Does anybody have it? Please, I really need it. ...
|0||1 month 3 days ago|
Hi everyone, Just a quick background on me: I am currently entering my third year at University College London. I have worked at Glencore for two summers, and more recently a private commodities trading firm. I am very interested in the commodities industry, and would like to apply to trading grad...
|0||1 month 3 days ago|
Hi guys, I wanted to get some input here, I'm currently in my mid 20s working in the middle office of a very large (100bn+) buy side asset manager in their regional NYC office. I'm one of two people working on confirms/settlements of all products (FI/EQ/FX/IRS/repo), cash and position management, as...
|8||1 month 3 days ago|
Currently just finishing an ag degree here, should end up with first class honours. My aim would be to get in to get into one of the big grain traders under a graduate program. I'd have a good understanding of grain market fundamentals but would a masters be beneficial to do as my cv is fairly bare ...
|1||1 month 3 days ago|
I'll start with acknowledging my ignorance and profess I'm quite new to trading and (sophisticated) investment in general. I am considering learning python and quant trading. Crypto is intriguing to me in this context. My question has a few parts. First, my understanding (based on what I have read) ...
|5||1 month 3 days ago|
Trying to find today's best etfs. Do I need to consider load costs. What should I put in my Roth Ira. ...
|0||1 month 4 days ago|
Given the current economic climate, what are the best desks to start a carer in S&T? Equities have been doing pretty well recently, but with the baby boomers coming I'm quite bullish on fixed income. ...
|6||1 month 6 days ago|
Background about me: I started as a software engineer at a BB this year, but after learning more about the industry I would be more interested down the road as a trader. I'm not sure though if I can make the switch internally, and I've been wondering if an MFE is a good investment. I had interviews ...
|4||1 month 6 days ago|