The Wall Street Oasis Trading Hall of Fame provides a comprehensive collection of some of WSO's best discussions on the trading industry. Keep in mind this Hall of Fame does not include Q&A sessions by WSO veterans. To view a full list of Q&A’s & Interviews please navigate here. ...
|1||2 months 4 days ago|
Which internship is better? Both programs are 3, 3 week rotations and about the same pay. Who has the better overall S&T department? Which bank has a better overall future ahead (5-10 years) Thanks for the help! ...
|13||3 min 14 sec ago|
Right, Assuming you have read the title, this is one of those "I feel sorry for myself" Saturday night posts, it's also an AMA, because I'm bored. Now that that is out of the way, let me start with a short introduction, I am a trader on the FX desk at a BB in London (I am not going to disclose which...
|72||31 min 52 sec ago|
Hey guys... I am really nervous right now: I come from a target school, but don't have a fit resume for S&T. I applied to GS S&T as secondary choice and they gave me a first round video interview on Hirevue. And then I was notified of a final round. I interviewed with 3 ppl (1MD) in the fina...
|1||32 min 31 sec ago|
Hey guys, I'm a Sophomore who will be going to a BB for the summer in S&T. I was wondering if anyone could offer some insight into how desk placement for rotations works and what I should be doing now to figure out which desks I want to be on. ...
|0||5 hours 36 min ago|
So, a relatively common thing I've read on trading books is that it's a bad idea to buy or hold stocks if they are <10. Today DB closed at 10.24EU in Europe and it's slightly higher in the US. What do you guys think it's going to happen if and when it goes below 10? ...
|11||7 hours 5 min ago|
Hey fellow monkeys, I'm really hope to work in a quantitative hedge fund (I find the intersection of finance, computing and math super interesting, have been trying to learn how to create my own trading models + use quantopian) but as a pure finance major (With a minor in mathematics and a minor in ...
|25||8 hours 52 min ago|
Hey guys I was curious to which prop firms hire seniors that aren't STEM or finance majors. I'm a media and communications major, but recently been losing interest in it after seeing the field to be too agenda ridden for my tastes witnessing it this election. I go to University of Washington which i...
|4||10 hours 34 min ago|
I am a sophomore at a target school and I am set on S&T as a career. I had couple interviews with bb's, but did not get to the superdays for any of them. What are my options now for this summer? I really want to do something regarding markets. ...
|2||11 hours 9 min ago|
So this is a really specific question but I need help calculating the carry on a long TBA trade. Just for example's sake let's say I'm buying FN 3.5s for DEC settle and the roll is currently 4.5 tics. Am I earning carry through MTM PnL on the instrument? I would think that if NOV is at 101 and DE...
|2||13 hours 29 min ago|
Sorry if this is a stupid question: are female traders really THAT rare? I want to be a trader and I'm female, should I just give up? Are there less female traders because less females are interested (such as in engineering) or is it simply male preferred? For traders out there, are there any female...
|35||14 hours 53 min ago|
Hi guys, I've always loved keeping up with the markets and all, but never did an internship in S&T. Recently landed a FT analyst role in commodities sales (energy/metals, paper) at a BB, and couldn't be more excited to begin a career in the markets. I was hoping if some of you could shed light o...
|4||20 hours 10 min ago|
Read everything there is on here about Agency Securities Lending but haven't seen anything on real numbers regarding comp. Does anyone know what the overall comp is for fixed icome trading on an agency sec lending desk? Also, what does the salary progression look like? Similar to other S&T? so A...
|3||20 hours 56 min ago|
Why is it that when markets deem an economy as healthier, the yields on its bonds go up and naturally bond prices fall? I understand the movement of people out of safe assets into higher yielding investments but it has always seemed strange that at a point of maximum safety you are both 1. paid more...
|1||1 day 50 min ago|
fifa world cup best way to impress. you've had learnt from fifase actions can mean fifa world cup difference between an excellent Cheap fifa 17 PS4 coins UCAS individual declaration and a excellent one. Of course, it is not always simple for us as individuals to go away fifa world cup pride we think...
|0||1 day 3 hours ago|
hey guys, does anyone on this forum have any experience with trading firms that make you start as an unpaid trainee? I think it sounds like an interesting career path, but working unpaid for 4 months sounds brutal.. especially in NYC. If anyone has any advice on this I would really appreciate it. th...
|2||1 day 9 hours ago|
Quick background: graduated from a community college with a 3.7 (A.S. in Business Admin). Transferred to a competitive -state business school, although non-target, and majoring in B.S. Economics (on track for a ~3.5). While earning my A.S. I worked at 3 insurance agencies and progressed from entry l...
|3||1 day 9 hours ago|
I have a super day interview coming up this month with a well regarded prop trading firm for a trading summer internship. I was wondering if anyone could shed some light on what I can expect from a prop firm that would be different from what I am able to find about banks. Also at this point will the...
|4||1 day 11 hours ago|
All of my coworkers consider themselves to be Republicans, and I would pretty much say the same of myself. What do you think of your coworkers? ...
|4||2 days 4 hours ago|
Not many investors would argue that Gilead Sciences, Inc. (NASDAQ:GILD) has been beaten down over the last two years. After all, in 2015 the stock traded as high as $123.00, but now trades at $72.00. Most investors are fearful of bottom fishing but I have made millions off of it. The key is being pa...
|0||2 days 14 hours ago|
Hey monkeys, I have an interview at a top BB for a Strats/Quant position coming up. I'm a computer science major and I've groomed myself for tech interviews, but I was not expecting to interview for a strats position. How should I prepare? I'm ready for any programming question they can throw at me...
|2||2 days 18 hours ago|
Hi Guys, I've been on hold for about two weeks from a top BB for an S&T SA offer. Got a call the day after my super day saying I've been placed on hold from the recruiter. I reached out recently inquiring about my status and HR responded promptly saying they would let me know when they have an u...
|4||2 days 19 hours ago|
Star Trek Online can be played on devices from Sony, Microsoft, Sega and more. Even if your living room lacks a console, you can also game on your computer or laptop. Continue on and read this article to figure out why Star Trek is a great hobby and where to start. For PC gamers, it is important to ...
|0||3 days 3 hours ago|
Any trader trading in any financial market has only one objective that is profit. Profit is also the reason why investors and speculators are attracted to any market. Analysing the market helps in keeping the profit levels higher in comparisons to losses. Fundamental analysis and Technical analysis...
|0||3 days 4 hours ago|
Hi all, I am looking for examples of "P&L reconciliation" that an oil analyst normally does on a daily basis. I could find a number of trading journals excels examples in internet, but nothing specific to commodities "physical trading". Anyone can help? Many thanks! ...
|2||3 days 16 hours ago|
I am set to study abroad next semester and have an internship offer for the summer doing LevFin at a large foreign bank (think BMO Capital Markets, BNP Pairbas, Mizuho, MUFG, RBC, etc.). My GPA isn't too great (3.5 ish), but I go to a target school so that helps. I want to study abroad and love trav...
|3||4 days 6 hours ago|
Has anyone ever taken the psychometric test by Macquarie bank? If so, can you describe its contents? ...
|3||4 days 14 hours ago|
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...
|25||5 days 6 hours ago|
I'm asking for a friend, of course. He's interested in S&T and quant trading. The dilemma: he didn't get an S&T internship this semester and can graduate spring semester. Options: Stay an extra semester, reevaluate strategy, and get either an S&T internship or some respectable SA in the ...
|1||5 days 8 hours ago|
I was just wondering what everyone thinks the best sell side desks are to -hopefully - end up as a global macro portfolio manager? ...
Donald X. Trump
|3||5 days 15 hours ago|
Hi, I have an assessment center with MS later this week for their IED prime brokerage division (S&T, I am aiming for a sales rather than a trading position) for the industrial placement program. I am worried about the individual case presentation and group presentation, as I have limited technic...
|3||5 days 23 hours ago|
Hi, throughout the years studying I developed an interest for currency and commodities. Especially, for trading. Now I am unsure whether to join a BB or a small shop. To figure that out I want to do an internship but I am still not sure where. Is there any list of small shops which offer internships...
|0||5 days 23 hours ago|
Hey all, I am a recently graduated electrical engineering (power systems) student with an interest in energy trading. During college, I interned at a small utility for two years as an analyst in their power marketing group, and gained a lot of great experience involving energy markets, energy schedu...
|7||6 days 9 hours ago|
Hey Guys! I'm planning to join a shitty prop trading firm with my capital allocation, and will be getting series 57, 20:1 leverage (which is most important thing for me). Gonna be working for 9 months until I graduate and will see where I can go. But where I can go? If I wanted to go to Top tier Hed...
|11||6 days 21 hours ago|
GETCO Spot DRW Jump IMC TezaJane Street Hudson River Tower Research ...
|11||6 days 22 hours ago|
I am a 26 year old energy trader who has an UG in finance and an MFE from a top program. I've been trading for 2 years in physical energy at a top merchant trading firm such as glencore, trafigura, tenaska trading physical commodities (natural gas, oil etc. I don't want to mention specifics because ...
|6||6 days 22 hours ago|
Hey Guys, I'm a finance student in Hong Kong, and I have a Bank Resource management phone interview at Morgan Stanley next week. From what I understand, BRM mainly deals with Stock borrowing & lending and repo trading to provide financing to the firm and also to provide securities to hedge funds...
Hong Kong Kid
|4||1 week 14 hours ago|
Can anyone here tell me what the energy industry thinks of Dr. Kent Moors of Duquesne University? Specifically: how is he regarded by crude oil traders? I ask because he's increasingly on Fox News preaching visions of doom and gloom. All fine and well. Sometimes, as in the case of Meredith Whitne...
|105||1 week 18 hours ago|
I was wondering if anybody had heard of the Reinsurance Brokerage/Investment Bank TigerRisk, they launched a trading desk dedicated solely to CAT bonds and Insurance linked Instruments. I am just wondering if anybody has an opinion on starting a career here or if anybody knows anything about this f...
|0||1 week 1 day ago|
Trading forex might sound like a lucrative proposition to money, seeing as how the wheels of luck might turn any moment. Most people anticipate huge gains within a short period of time, and this is what leads them to join the FX market. We know the old saying 'Look before you leap'. In this case, yo...
|0||1 week 2 days ago|
This is for those recruiting for HK S&T SA 2017 to share their progress in the recruitment process. Feel free to share your interview experiences as well. ...
|9||1 week 2 days ago|
Hi, I'm a new analyst who is taking the series exam Monday. I've gone through the whole Securities Training Corp book today, getting 70-80%+ in all the end of chapter questions. Tomorrow I plan on cramming a few mocks in. I have my CFA level 3, so I understand all the technical concepts, I'm just ...
|2||1 week 2 days ago|
Currently have an offer for a sales and trading summer internship with KCG Holdings at their Jersey City office. What are your thoughts on the firm and its future? Is this a good place to start a career in trading, and what do you think my exit ops would look like if I decide to return? I am a stude...
|1||1 week 2 days ago|
What are the "best" trading desks at Deutsche Bank? Not sure what metrics are used to rank desks but I'm asking in terms of revenue, future outlook of the product, and exit opportunities. ...
|2||1 week 2 days ago|
Anyone hear of Potamus Trading out of Boston? What little I have read and seen on LinkedIn - turnover isn't so hot but still looking for more information about the firm. Thanks. ...
|0||1 week 2 days ago|
Hi, I'm a trading analyst on an FI desk in toronto since 2015. Right now I'm I trade under a VP and MD. I'm learning a decent amount, but I'm worried about the outlook of the desk. There are a lot of senior people who are decently profitable, but it seems like few of them really "get paid". There's ...
|0||1 week 3 days ago|
So, I've got my charter, as soon as I send a transcript to the CFP Board I'll be a CFP too, I'm going to sit for the CIPM in the spring because it'll help with my data authority. I'm part of a small ETF shop that's been bought by a top 20 fund shop. (the walk from our place in WFC/Brookfield to ri...
|0||1 week 3 days ago|
I have an interview with JPM energy/commodities trading. Does anyone know anything about their interview questions, compensation, or culture? ...
|6||1 week 4 days ago|
I've cleared the maths and IQ test of flowtraders. For the next step they would conduct 2 technical and 1 personal interview at the campus. Can anyone share what to expect in them. ? I have heard they ask case studies, can someone share how to prepare for them too? Any help is appreciated. ...
|1||1 week 4 days ago|
In case you are concerning about the protection of your goods, that how will you relocate it safely in your new destination then you require not to be concerned as packers and movers are always be there to eradicate any problems regarding relocation. You can find different types of goods you have at...
|0||1 week 6 days ago|
Back on the book hunt. Has anyone got a PDF of a good rates/swaps book that they recommend and could please send me? It's harder than I thought to find a book like Interest Rate Swaps and Their Derivatives: A Practitioner's Guide, Amir Sadr online. Much appreciated everyone. ...
|1||1 week 6 days ago|
So I just accepted an offer from Nomura in global markets in NYC for summer '17. I was hoping some of you who have gone through this before could give some details about their experience. Best Desks? Social Life? Culture? How to succeed? Etc. ...
Donald X. Trump
|0||1 week 6 days ago|
I recently accepted a position in a rotational program at a BB in Sales and Trading. I always had an interest in the more macro products, specifically rates. I recently heard that rates trading is dead given that rates staff have been cut tremendously and the margins are so slim that there isn't muc...
|8||2 weeks 43 min ago|
Does anyone know what the standard salary is for their graduate programme? Has anyone received an offer yet? ...
|30||2 weeks 1 day ago|
Hi guys, this Sep I got a invitation from Traf's Hr to apply for its international trader program(2-5 yrs)and I did so.....but even now I have no reply from the company at all...If I am not wrong they have finished their last round interview today based on my knowledge...May I know if I am taken as ...
|0||2 weeks 1 day ago|
Long story short, I have an offer from JPM commercial banking at DC(their commercial banking headquarter) and Morgan Stanley equity ST in NYC. WHICH ONE DO I PICK? I am very attracted to what they do in commercial banking, but ST at MS seems like such a ~fancy~ position with lots of potentials.. (bt...
|2||2 weeks 2 days ago|
I was recently offered a summer internship at an oil major at a certain location, my home town, in their natural gas trading program and accepted it. I am extremely excited about the opportunity! But, I have always been interested in crude oil. Maybe I am a little biased; as I took a certificate pro...
|39||2 weeks 2 days ago|
Been surfing the web recently and came across many articles that suggest Trump could facilitate regulations on the banking sector & many suggesting that he might in fact remove the Volcker rule. For those of you who don't know: "The Volcker Rule refers to SS 619 (12 U.S.C. SS 1851) part of th...
|3||2 weeks 2 days ago|
I'm aware that members have posted and queried about the interviewing process with Traf at the assessment centre, but no one seems to have a clear idea of the actual procedure. I was told that there will be two 35 minute interview, first one being with HR, and second with some of the traders from ei...
|6||2 weeks 2 days ago|
Fairly self-explanatory from the title, just wondering how it works in the US or at BBs given that I'm at a smaller bank in the EU. How early is meaningful responsibility, freedom, given to first years in S&T? Any and all input is, as always, greatly appreciated WSO ...
|0||2 weeks 2 days 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? ...
|6||2 weeks 3 days ago|
Hi guys! I've recently received internship offers for Deutsche Bank's Global Markets program and MUFG's rates trading desk. In light of recent news, I could really use some guidance regarding exposure and full time possibilities at both firms. ...
|4||2 weeks 3 days ago|
I'm currently a rates market maker / prop trader at one of the large BB shops. For a few reasons, I'm considering one of the following 3 options 1) moving to a full prop shop (like First New York, Jane Street, SIG or breakwater ) 2) taking a job at a hedge fund like Moore, Brevan, Paulson, Millen...
|53||2 weeks 4 days ago|
I know for Citi Sales and Trading interviews, at least the superday there is a case study. What does the case study entail? ...
|2||2 weeks 4 days ago|
I recently got an offer from a pretty well known vol arb shop. For the first 6 months I will be in a training status..so that is just a simple salary. After that, its salary plus bonus, where bonus is a combination or individual P&L, firm performance, and 'overall contribution' (i.e. discretio...
|1||2 weeks 4 days ago|
Hey, I currently have offers from both Optiver and IMC in chicago, was just looking for advice on which one to take as well as pros and cons between the two, as Im not really sure which one to take at the moment. Thanks. ...
|3||2 weeks 4 days ago|
For a Risk Management position, how would you answer the question "what is the biggest risk you've taken?" Would like some guidance. Thanks! ...
|1||2 weeks 5 days ago|
I recently started working at a relatively new natural gas producer as their only trader and scheduler. Since it is a very small company, I also do many of the back-office functions that go along with marketing gas. I have been with the company for less than 1 year and it has been my only exposure t...
|7||2 weeks 5 days ago|
Hey everyone Sorry if this post isn't in a correct format or anything, this is my first post. I recently got hired on to be an analyst for an environmental and emissions trader, but I can't seem to find too much info on the web or books on this subject matter. I was wondering if anyone has resource ...
|1||2 weeks 5 days ago|
Every now and again I get PM'd a question that I think might be applicable to a lot of you on WSO. When that happens, I get permission from the person who asked me to share with the site. This is one such time. I suspect a lot of you can relate to this feeling, so here are my thoughts on it. Jaspas...
|13||2 weeks 5 days ago|
No excuses. I faced some tough adversity early this semester, and I let it get to my recruitment efforts. I made mistakes, now things are settling down and I am eager to pursue my passion full-throttle. All Bulge Bracket summer analyst positions are filled now, are they not? Moving forward, what opp...
|10||2 weeks 6 days ago|
Hey all, Would appreciate if anyone could share their thoughts on The Scoular Company in physical grains trading. Thanks ...
|0||2 weeks 6 days ago|
Title says it all. My attention has been shifting from stocks to futures, maybe because they fit more into the demand/supply logic I use or some other reason I can't explain at the moment. Either way, I read a good number of generic trading books by now, I want something futures specific. Any kind o...
|0||2 weeks 6 days ago|
I heard that a lot of the MBAs programs prefer a IBD background to a trading one. Is it truth or myth? I understand that it is not necessary to get an MBA degree if you are in trading. But is it really hard to get into one of those top MBA program coming from a trading background? ...
|2||3 weeks 10 hours ago|
Hello Experience folks, I am a newbie. I would like to get your help in weighing my career options. I have recently got a job in Fixed income research in a big bank. I would like to get information pertinent to following areas : 1 What is the career growth in the fixed income research ( financial ...
|8||3 weeks 21 hours ago|
Questions regarding S&T Interest Rate Swaps S&T of what product is the best to learn macro fundamental discretionary trading How good is S&T of IRS for learning macro fundamental discretionary trading (vs. other macro products such as currencies and indices) Market Questions for IRS - Gl...
|0||3 weeks 23 hours ago|
Peaking inside one of the five largest independent energy and commodity groups in the world. So who is exactly Mercuria ? Why they have become Texas' premier crude marketer ? Dunand and Jaeggi first met studying economics at the University of Geneva in the late *1970s. Their friendship was galvanize...
|0||3 weeks 1 day ago|
Does anyone have any information about the BRM department at Morgan Stanley. From what I understand it is kind of like prime brokerage, but I don't really have a clear picture of what they do. Do summer analysts in BRM move on to a sales or trading desk if they get a full time offer? Also does anyon...
|29||3 weeks 1 day ago|
Hi, so I got an offer from a regional office at DB and an offer from a really small boutique bank (their trading team is around 30 people) in NYC. Which one would you guys recommend... ...
|0||3 weeks 1 day ago|
As the title says, the superday was last Thursday November 10th. Wondering if people have heard back? Thanks! ...
|0||3 weeks 1 day ago|
Let me start off by clarifying. By trading I'm not referring to investing or trading part-time while you do other things (such as hold down a full-time job). I'm talking about those people who want to take a shot at trading for a living, as their primary or only source of income. I'm not only talkin...
|61||3 weeks 1 day ago|
Mod Note (Andy): #TBT Throwback Thursday - this was originally posted on 11/25/13. Check out @DickFuld's current AMA here. To see all of our top content from the past, click here. I was like many of you at one point in my life. I was a non-target student with big dreams. Luckily, I was an extraord...
|254||3 weeks 1 day ago|
What products do you anticipate will be hot over the next few years? Which desks tend to have the best exit ops and most transferable skills? ...
|8||3 weeks 1 day ago|
Hey guys. I'm 17 and I'm looking to become a stock broker when I graduate. Trouble is my grades throughout high school have been very bad. I barely skimmed by. So to any stock brokers here: Can I still become a stockbroker with my awful high school grades? What's the job like? What does it consist o...
|2||3 weeks 1 day 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. ...
|17||3 weeks 2 days ago|
I am read the book Market Wizards, Interviews with top traders. In this book, there is a term that I don't really understand: " Not long thereafter, I became bullish on the Japanese yen, which had formed a technically bullish consolidation, providing a meaningful close point to place a protective st...
|4||3 weeks 2 days ago|
Hey Fellow monkeys, What do you guys think? I've been researching a lot about S&T and Quant trading the past few days and have talked to my seniors and a handful of people in the industry. Most seem to concur that trading desks are shrinking and being taken over by computers. However, with the T...
|5||3 weeks 2 days ago|
So, yesterday I was selected to participate in the Wharton Stock Pitch Competition. However, I have to submit a powerpoint TODAY about the stock along with all of the information I plan on presenting. Also, I am presenting to two executives. 1 from Barclays and the other is from RBC Now, I have no e...
|31||3 weeks 2 days ago|
Hi all, I will participate in an interactive workshop and sales and trading game which is hosted by Citi markets at our university. I am a freshman and I am interested in banking and capital markets since years, but I don't really know what to expect or what they expect me to know about sales and tr...
|0||3 weeks 2 days ago|
Hi all, Wanted to know if anyone has heard back from GS Securities Summer Analyst in Calgary? Any insight is appreciated. ...
|0||3 weeks 3 days ago|
Here's my current situation: did an S&T internship 2 summers back at a European bank, did an IBD internship at a US bank last summer, decided that I enjoy trading more and would want to pursue that full-time. However, not many banks in London (my location) seem to be hiring for their S&T rol...
|0||3 weeks 3 days ago|
Hey guys, I've seen a few threads on options trading and how important the Greeks are to your overall options trade. I found a great read courtesy of OptionsHouse that breaks down Delta for those that are interested. Delta is a numerical value that describes an option in several interesting and usef...
Ben Shalom Bernanke
|34||3 weeks 4 days ago|
I had an interview for a Sophomore S&T internship position at JPM. The first interview was behavioral, went very well and was able to connect with the interview. The second interview was with a dude who grilled me for 25 minutes on DCFs, WACC, and valuation methods. I definitely fucked up the WA...
|1||3 weeks 4 days ago|
What do you guys think about the internship programme from Amplify Trading? Is it worth the money? How is the reputation among investment banks? Thanks. ...
|1||3 weeks 4 days ago|
Does anyone have any idea what the second and third test are like? So the numerical sequence and the 10 mins one? ...
|0||3 weeks 4 days ago|
I've applied for a junior trader position with this firm, and so they've sent me an email with directions to take an online mental math test. Does anybody know what the Akuna test is like, specifically? Can't seem to find too much information about it online. All I know is that there is a 22 minut...
|44||3 weeks 5 days ago|
I was wondering if anyone who has had a superday for a S&T Analyst position with Cantor could provide any info on the process? Not much out there on their interview process so curious to find out anything about interviewing with them. ...
|7||3 weeks 5 days ago|
Hi monkeys, thanks to all the contributors (Monty, Goodbread, Marcellus_Wallace, and others) for their content and comments over the years. I've gained a lot of valuable career advice and had a few laughs as well. I've been working as a natural gas analyst my entire career. I've done okay - consiste...
|9||3 weeks 6 days ago|
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|0||3 weeks 6 days ago|