http://www.bloomberg.com/news/articles/2016-05-24/... Looks like things have gotten pretty bad. I just wanted to open up a discussion and hear people's thoughts. Any ideas as to what might happen in terms of restructuring, which areas of the business are in danger, which ones are safe, etc. I know t...
|4||4 min 22 sec ago|
I will be graduating next year from a non target with a 3.2-3.3 GPA and a finance GPA of a 3.6-3.8. I am interested in IBD or S&T but not optimistic on breaking in with these stats. What would be a good job that might be more obtainable for me that would give good experience to lateral later o...
|12||1 hour 19 min ago|
Good morning monkeys!!! I am about to start a summer internship in a prop trading firm in London. It will be a rotational program. How, in your opinion, I can understand which is the perfect desk for me? Before starting I would like to improve my knowledge about the different strategies that I coul...
|0||5 hours 24 min ago|
I'm about to start my sales and trading summer internship at UBS. The program is rotational - must have one rotation on equities and one on the fixed income side. Looking for any advice as to which desks are the top performers at UBS. Also wondering which ones are the least likely to be effected by ...
|3||17 hours 41 min ago|
Almost every investing study tells us that buying stocks at a low price to anything results in market beating performance. Even just buying a S&P ETF and doing nothing else beats most investors and mutual funds. If out performance is a matter of doing a few simple things and nothing else then ...
|26||1 day 16 min ago|
Had a interview with a credit union in securitization business for a associate role. HR: 15 Minutes was told they'll get back to me to schedule interview with MD Treasury Round 2 was with MD Treasury (Allocated time was 30min) ending up lasting exactly 30 minutes and he mentioned the MBS Director wi...
|0||1 day 55 min ago|
Any interview leads and specifics for Moodys Analytics - Sales and Services Roles. Appreciate feedback. Thank you ...
|0||1 day 2 hours ago|
Hi all, I've just accepted an offer to start working as a junior LME metals futures and options trader. I've got some experience within S&T at bank through a summer internship and know a fair amount about futures/option. However, I was hoping for any insights into what it is like trading LME met...
|1||2 days 12 hours ago|
What skillset would you say is needed more for Sales and what skillset for Trading? Also, why do those in Sales make way more less than those in Trading? ...
|3||3 days 4 hours ago|
Hello Everyone, I am just about to graduate with my MBA from a decent state school on the west coast. I was wondering how to become a successful day trader on the side while I try to break into the finance industry. My plan is to find a low-level back office job and eventually move my way up and cre...
|39||3 days 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...
|96||4 days 10 hours ago|
When entering into an FX fwd, if we buy the base or variable currency are we basically "borrowing" in that currency? It makes more sense to me that we would be "lending" since the fwd rate seems to compensate the holder of the lower yielding currency. For instance, if EURUSD fwd has positive points,...
|1||4 days 11 hours ago|
Get NSF to PST converter application to recover NSF file and convert NSF to PST file instantly. Program helps to NSF to PST, EML & MSG file format. It is the safe solution for converting NSF to Outlook format with Split converted PST file. It lets you convert emails, attachments, images, drafts...
|0||4 days 14 hours ago|
Rising junior attending school in NYC metro area. I have an internsip for the summer but I'm thinking about trying to get some type of off-cycle internship in the fall to bolster my resume a bit and gain some experience. How should I go about this? I know very few opportunities like this exist. If a...
|0||4 days 15 hours ago|
I have an interview with Spot Trading in the near future for a "Trader Trainee Program" position and have read all the reviews on Glassdoor (only 2) and read everything i can find on the company. I was thinking others on here might have advice or general pointers for the interview. If so i would rea...
|2||4 days 18 hours ago|
General Note: The purpose of this blog is to provide commentary on my simulated trading experience. It is mainly aimed to students and graduates interested in a career in trading and looking for ways to improve their knowledge of the field by providing them examples of the material I have found he...
|43||5 days 3 hours ago|
Do you think it'll grow or lag? Maybe because the advancements in technology? ...
|3||5 days 22 hours ago|
Hey guys, I'm currently a rising sophomore in a well known Canadian university and I started looking for summer opportunities pretty late. I applied to several firms but they all told me that they do not hire first years and that I should apply for the position next year (Especially since I don't ha...
|4||6 days 11 hours ago|
Hello, I am going to keep this short. I have been studying option trading for quite some time. I began paper trading to practice and developed a strategy that I am comfortable with and profitable. Attached is a small sample size of my trading which I highlighted in green. The other trades/positions ...
|0||6 days 19 hours ago|
I'm about to begin a fixed income S&T internship that I got through a connection. I have some knowledge of the fixed income world, but what specifically should I look into reviewing before I begin? ...
|1||1 week 2 hours ago|
Hello Guys, One q: Can somebody please explain what EM traders do? I know there will be some ppl who would point me in direction of another thread or would bash my question, but all I am trying to do is to learn. All I want is the description/ example of what they trade (e.g. product or range of pro...
|26||1 week 14 hours ago|
Hello all. For the past two years I have been an analyst at Google but have been wanting a career change. How would one be able to transition from THE tech industry to Finance? I'm really interested in trading but don't really know what's our there or where my skills would best translate to. Any tho...
|2||1 week 15 hours ago|
Has anyone heard back yet? Also those who have attended in the past, can you share your experiences? ...
|3||1 week 19 hours ago|
Does anyone know about Louis Dreyfus Trader Trainee Program? I have a few questions: - How long does it take for you to actually start trading? - What are some future exit opportunities? Into BB S&T? - How is bonus calculated for 1st year? - Change location? I appreciate any contribute! Thanks! ...
|24||1 week 1 day ago|
Hey Everyone, I've been a longtime reader of the forum and just want to thank everyone for all the helpful information I've found throughout the years from undergrad to my first internship and onto to being a sales and trading analyst. I feel like there's quite a few day in the life threads for ban...
|50||1 week 1 day ago|
What are the steps involved with wheeling power from one location/counterparty/source to another location/ctpy/sink within PJM? For this example, let's assume it's all DA settle, either next day or next month, etc Theory is I would buy power from one ctpy at their injection/source point and sink it...
|0||1 week 1 day ago|
Hi there, This seems to be a recurring question on this forum, but I am really hoping to nail this upcoming summer internship. A bit of bio here: I am a penultimate year student with decent grades (not majoring in Math or Engineering though), a couple of consulting schemes at top firms (MBB/OW), but...
|1||1 week 1 day ago|
|6||1 week 2 days ago|
I created a completely free Android app based on Trader Test to practice mental math skills. I can't post links yet, but It's called Trader Math Test on the Google Play Store, check it out! ...
|0||1 week 2 days ago|
Hi, I will be interning at BB S&T this summer and was wondering which programming language(s) are most useful on trading/structuring/strategy desk. I interned in S&T previous summer at non-BB European bank and was on a trading desk where almost everyone was programming/automating some of the...
|30||1 week 2 days ago|
Would you be willing to port your entire trading interface inside a single VR headset? Your Bloomberg and Reuters terminal, your valuation model, your chat feeds, your live p&l reports etc. all at the tips of your voice commands and fingertips in VR space. Add as many functional feeds as conven...
|4||1 week 2 days ago|
What does the day in the life of a trader look like? I see many firms with job posts to this sort of position. What does their day look like? Pro and cons? Stepping stones to another career? ...
|1||1 week 3 days ago|
Make use of live mail address book recovery software which is the best application provided by eSoftTools for live mail contacts recovery. Software is available with advanced features and enables to export live mail contacts to multiple formats as PST, MSG, vCard and CSV format. It works with excell...
|1||1 week 3 days ago|
Background on me: A levels: ABB (Econ, Maths, Geog) AS levels: A*AAABB (EPQ, Maths, Econ, Geog, Gen studies, Physics) GCSE: Straight A*/A Ex-National sports team. Semi target Uni in UK, 1st year, currently on 1st class degree, didn't get a spring week (despite REALLY trying on applications). Accepte...
|1||1 week 3 days ago|
Hi brokers, hi traders, Apologies for English mistake (not my mother tongue) This is my first post, and I would like to take the opportunity of the relative anonymity of this awesome website to get informal opinions about brokers and traders relationships, especially if you are working for/with inst...
|0||1 week 4 days ago|
Any suggestions for what products to preference for my internship this summer? Choices are : SP, Rates, FX, Credit, EM, EQ Products ...
|4||1 week 5 days ago|
So long story short i am revising for CFA and incredibly bored. Utilised this forum a lot over the years especially pre-job so maybe this can help a few people a long the way. Started in the back office, doing the worst job you can imagine, networked internally hard with the credit research desk, go...
|7||1 week 5 days ago|
I recently managed to land myself a summer intenship in Deutsche Bank's Markets Division (S&T). I was wondering which desks are the best at the moment (in terms of prestige/deal flow). Just as a bit of context, at the moment the security I know the most about is equities, and I'm not extremely ...
|13||1 week 5 days ago|
What is the life like when a banker dates a trader? ...
|5||1 week 5 days ago|
I would like to invite everyone to take a shot and discuss the direction of global markets in a relaxed way and take a look at the performance of my portfolios. You can see the previous 4 weeks here. Performance Up in London, down in ETFs. Markets seem to be in a stand-by mode: -the S&P 500...
|0||1 week 6 days ago|
Hope you are well. I wanted to get some information and views on what you lot thought about two offers I have. One is for selling indices (for a large investment decision support tools provider) probably know which one. And the other I have been offered a promotion from intern to sales at a derivati...
|0||1 week 6 days ago|
Hi Guys, Currently at a Top BB doing equity sales (just about to start my 2nd year as an analyst) and contemplating moving to BlackRock as a product strategist/client portfolio manager. I love markets, investing, and client interaction but in equity sales the client interaction is not that rewarding...
|1||1 week 6 days ago|
I am currently in a rotational program at a super regional bank and the best op. I have is looking like fx sales. I am also in the part time program at Chicago booth and could change firms and go S&T or IBD in a year or so. I guess my question is what do you guys think about a career/exit ops...
|0||2 weeks 16 hours ago|
So my plan, thus far, is working. I am planning on transferring to a decent university. Something like top 50-100, but not a target or really even a semi-target school. Now this is really just the beginning of my education. Eventually, I plan on getting a masters in finance from a better school. My ...
|17||2 weeks 20 hours ago|
Thoughts on this article by business insider?http://www.businessinsider.com/quant-funds-dominat... I know there is a lot of experienced individuals in the trading and sales industry on this forum and I'm wondering what is your reaction to this article? What do you think the future of the trading ind...
|6||2 weeks 21 hours ago|
I am preparing for an interview with an equity sales desk where there is only one immediate opening. Not sure how many people they will be interviewing. I am familiar with what equity sales entails and the whole S&T recruiting process and have read up about how to kill the internships and land t...
|1||2 weeks 1 day ago|
Hi - I have a very broad question - If someone were to move from a non-trading role into a trader position at one of the 'top' hedge funds in London, what salary range would they be? (Many variables but would be good to get a ballpark). Glassdoor aint no help. Thanks TG ...
|0||2 weeks 1 day ago|
Hello all, I am a junior in chemical engineering with 2 engineering internships at a top 10 F500 firm + some programming skills. I am interested in the intersection between energy and finance and want to make a move to energy trading. I have never taken any finance courses before but try to learn a...
|4||2 weeks 2 days ago|
Hey Everyone! First off I'd like to thank everyone for their help in advance. I recently got accepted into the Seeking Alpha Markets Analyst position where I would assist in equity research and article publishing on analysis of various stocks. Now, I am here to ask all of you if this is a credible o...
|4||2 weeks 2 days ago|
I am still in High School and I got interested in trading just a couple months ago so forgive me if I make silly statements or ask dumb questions. I was learning the basics using online materials and just glimpsed at the market using demo accounts and I found out about the Professional Trading Maste...
|62||2 weeks 3 days ago|
Hello WSO, I spent a lot of time reading on these forums for advice, information regarding various roles, and ultimate career goals. I am 30, and realized that I enjoy more the social-sales aspect (helping others and such) as a client-facing type as oppose to working with metrics/analytical work. ...
|0||2 weeks 3 days ago|
What is the state of the interest-rate market in FICC structurally, in regards to going electronic? I read about Javelin, TrueEX, and some other platforms that are facilitating clients' ability to put out RFQ's to several banks. From what I understand, in the past, putting dealers in competition w...
|4||2 weeks 4 days ago|
I wanted to get some opinions on how the FICC business is changing amongst different banks. I recently saw an article that Goldman Sachs is, from what I understood from the article, switching to more of an agency model as opposed to acting as principal and warehousing risk. BusinessInsider goldman...
|2||2 weeks 4 days ago|
Been watching on here for quite a while, I would say since about fall of 2015. Reading all the different reactions to the series 7, ranging from, and I quote here, "If you can fog a mirror, you can pass the 7" to "A decent work ethic and a mediocre amount of time will allow you get a passing score; ...
Big Monkey Chief
|13||2 weeks 4 days ago|
Hey guys- What are you thoughts on the prop trading shop Chimera Securities. Thanks. ...
|1||2 weeks 4 days ago|
I'm trying to make a decisions between the two schools above and their respective programs. I might try for an internal transfer to NYU Stern, but that is very competitive and difficult. Personally I really enjoyed Emory's campus/vibe, but want to work in NYC in my future and am not sure if that's p...
|0||2 weeks 5 days ago|
I used both STC and Training Consultants materials to study for the 66. Read the STC book and found I retained literally nothing. Began with Training Consultants again and found the material to be much easier to retain. The Training Consultants exams were particularly helpful as they mirrored actual...
|1||2 weeks 5 days ago|
Hello, I'm one of the many newbyes trying to get into trading and I figured my chances would increase if I can create a credible record for myself, so I've been using stocks, futures and ETFs simulators over the internet. Fast forward 4 months of trial and mistakes, I can look at 2 portfolios with a...
|11||2 weeks 6 days ago|
Andy suggested to make a new thread every week, so there we go. Note that this is still Week 4, I will post Week 5 next week. You can find the previous entries here: Week 1,2,3 General Note: The purpose of this blog is to provide commentary on my simulated trading experience. It is mainly aimed ...
|0||3 weeks 5 hours ago|
I have an interview for an associate role for securitization and rmt trading role. I have worked in the past for a securitization & rmt desk at a middle office capacity. Though I was exposed to many intricacies involved. From an FO standpoint - what are some of the things I can focus on? ...
|0||3 weeks 1 day ago|
Hello, I would like to work for a US trading firm (investment bank or hedge fund) as a trader or quantitative analyst, but I am not american. What is the (best) way to get this kink of job ? I worked as market risk analyst on ird and fx derivatives and before this experience I was IT quantitative an...
|3||3 weeks 1 day ago|
Hey everyone, so this summer I'll be a rising junior completing my second BB internship (think GS,MS,JPM) in a back office position. I know summer recruitment for 2017 starts at the end of this summer. I am interested in pursuing a sales and trading role and my previous internship and one for this s...
|1||3 weeks 2 days ago|
I received an offer letter at time of employmnet to be paid a bonus on achieved sales goals, "if the company had money paid in the bonus pool." The COmpany grew 38% while I was there, much to my sales efforts. am being laid off and told there is no money in bonus pool becasue they have reinvested ba...
|3||3 weeks 2 days ago|
I'm a senior in high school matriculating to Caltech. I invested lots of time into high school math competitions (14 on USAMO, if that means anything). I'm not sure if I want to go into academia. For the time being, I'm keeping my options open. I apologize if I'm posting a common question and if tha...
|6||3 weeks 2 days ago|
Does anyone know the numbers for CS S&T top bucket 1st & 2nd year analyst. I am wondering since the bank has been having a difficult time and I'm looking over an offer. Thanks ...
|6||3 weeks 2 days ago|
I know this topic has been hit time and time again. However, I feel after every recession, there's always tons of people saying sell-side trading is dying just to see another great time. Yes, regulation has tightened and the money has definitely decreased, but it seems to me sell-side banks always f...
|78||3 weeks 4 days ago|
I have been reading some books about forecasting, most notably Superforecasting: The Art and Science of Prediction, and Misbehaving. Those books gave me an idea, find a stock that is currently going up or down drastically, and see if I can use the tools I learned from those books to make a predictio...
|4||3 weeks 4 days ago|
EDB to PST Converter software safely restore deleted or lost emails and other data from exchange server and convert EDB file to PST file format without hassle .It can easily recover email items such as - Inbox, outbox, sent mail, note, task, journals and draft etc and resolve database issue of excha...
|0||3 weeks 4 days ago|
Well, thanks to one particularly interesting post on needing advice on how to address his issue with being "Let Go" posted here on WSO by Valuetrader400, I thought it would be a nice thing to explain something called NYSE Rule 407 to all of you prospective monkeys looking for full time employment. I...
|3||3 weeks 4 days ago|
Not sure if this or the IB forum is the appropriate place to ask - mods let me know if I'm off topic. Got an offer for a risk management position supporting the repo and structured financing desks in NYC. Position title is "authorized officer". Is this is equivalent of associate? It seems like the ...
|0||4 weeks 16 hours ago|
I am currently a lawyer considering leaving the practice to join a prop firm. I have a few reasons. I don't really like being a lawyer and I think the fast pace decision making would be more exciting to me. I also think I've about maxed out my earning potential in the law, but could realistically ge...
|29||4 weeks 16 hours ago|
I'm curious to know how great someone's chances of getting a job trading (fx or commodities) would be straight out of good but non-target school with an econ major, and perhaps a minor or medial concentration in statistics. Thanks ...
|19||4 weeks 17 hours ago|
I have an upcoming interview for a Junior Fuel Trading position. To be honest I am quite surprised to be selected, as I don't have any experience in the oil industry and not sure what questions to be prepared for. Could someone help shed some light on what questions I could expect? And what I should...
|5||4 weeks 22 hours ago|
Hi, I am an incoming intern for Nomura S&T in NYC. 1. What exactly does summer analyst do in sales and trading positions? 2. Do any of you guys know which desk perform best at Nomura? 3. How are Nomura's return offer rate? 4. Any advice? ...
|5||4 weeks 1 day ago|
I'm an Australian, good uni given the country (G08), good degree (combined law). I find commodities trading fascinating and want to pursue a career in it, particularly in softs or metals. So to quote the insightful contagoman: contagoman: If above is not possible, get a job at a producer or consu...
|1||4 weeks 1 day ago|
I will be starting a full time gig as an investment grade credit trader at a BB this summer. I have never really learned anything specifically about the investment grade credit market, as opposed to government bonds and high yield bonds; it seems like an in-between market. if anyone has any insight ...
|1||1 month 3 hours ago|
I am a first year Analyst working in Sales at a BB, my overall performance so far has been average (not great, but not bad). However unfortunately I have a very bad relationship with my immediate boss (VP level), from the moment I joined her team she took an instant disliking to me. During my first ...
|23||1 month 1 day ago|
incoming S&T SA @ Citi...anyone know when drug tests happen / how long they give you? signed offer back in January still havent heard ...
|31||1 month 1 day ago|
What types of trading techniques do traders at GS, MS, etc. use? Algo? Technical Analysis? Fundamental Analysis? Others? And why don't these extremely profitable traders trade for their own account or start their own shops and keep 100% of profits instead of trading for a bank and getting a small c...
|8||1 month 1 day ago|
I have a interview with a prop shop, series 57 will be a requirement. Any advice on interviews or the test is appreciated. ...
|0||1 month 1 day ago|
I was wondering if you guys had any insight into what is known as the Central Risk Book, Central Risk Desk or Central Execution Desk in the trading department of an investment bank. As far as I can tell the desk is there to ensure that trades across the bank are well hedged and executed. However, I ...
|0||1 month 1 day ago|
I'm in need of some life advice, so my logical response was to ask the internet. This summer I'll be a S&T SA at a BB firm. We do rotations on two different desks during the summer. Right now I'm pretty set on sales over trading. The two desks I like right off the bat are equities and Interest r...
|2||1 month 1 day ago|
As we all know, PR has been in crisis for past 2 years. Approximate chance on Default on those bonds have risen to 86%. Any cost effective idea on how to short them? It has been a struggle for lot of traders on the STREET and worldwide. Lets figure it out WSO! ...
|5||1 month 2 days ago|
Hi, Just curious to know what happens to a sales person reputation if they give a bad trade idea to a client. Is it fixable? Is this a measurement of success in the business? Thanks ...
|5||1 month 2 days ago|
Hi Monkeys Is Corporate Sales more preferred than Investor Sales, vice versa or both are pretty much equal wrt to exit opps, comp, etc? Thanks so much. ...
|2||1 month 2 days ago|
I've heard that trading is a dying industry as new technologies continue to replace people. Is this true for sales as well? ...
|2||1 month 2 days ago|
Hello Everyone, I thought it may be useful for people whom have questions about Treasury at at BB, what the desk does, what day to day is like etc. Fire away with all questions! ...
|2||1 month 2 days ago|
Hi everyone, I'm looking for the impossible. I'm looking for 40 to 50k to day trade with. I am saving up the money myself of course, but yeah....it takes a bit. I can prove without a shadow of a doubt I am a great trader. How you ask? I played the market on live level 2 data via one month and only h...
|17||1 month 3 days ago|
Value investors come in two types, the ones who will look at financials, and the ones who won't. If banking is your forte I would encourage you to read the paragraph on my approach then come back for my next post. If banking is intimidating or difficult to understand hopefully this post will be ...
|20||1 month 3 days ago|
I'm interested to know if there moving from S&T to corporate development is a possible path, and if so how do people typically go about making the transition? ...
|0||1 month 3 days ago|
After the last few years, there have been many layoffs at the ibanks. Especially for flow/market makers who never made big $$, and who are not algo guys, what can these former traders do? Is starting over as an investment banking analyst an option? Do you just apply thru normal recruiting channels...
|0||1 month 4 days ago|
So I got an offer from my summer internship but I don't like the division/desk/firm (BB) so I'm interviewing at a bunch of other firms. How do you respond when they ask whether I have offer already? Should I disclose that or not? I'm particularly interested if anyone has anything to say for BNP or R...
|4||1 month 4 days ago|
Just wanted to start a discussion around bank prop desks and whether any parts have survived. I've heard that some banks have moved parts of their prop desks into their treasury/liquidity/funding desks ie London Whale. Is this true across most of the BB's as a core function? or is it more adhoc? Di...
|4||1 month 4 days ago|
Basically the title. Is it even possible to get into trading without a degree in one of those fields? I keep hearing that trading is quantitative and whatnot, so since there are so many HYPS grads with really good GPAs with quant majors these days, is it even possible to get in without an extremely ...
|13||1 month 4 days ago|
Hi monkeys, I'm going to work as a summer intern in fixed income sales at a BB in Asia. I really wish to do well and get the return offer. I have searched on WSO about advice in general, such as networking with colleagues and double check your work before hand in. Would you give me more specific a...
|7||1 month 5 days ago|
Hi everyone, I'm a little new to fixed income securities and I wanted to know how do you read these quotes for floating rate notes (e.g. FRN: 3m$L+104bps). thank you very much. ...
|2||1 month 5 days ago|
I know trading houses have been buying up commodities businesses from banks over the last few years, and I was wondering which banks still have dedicated commodities desk. More specifically, I am interested in hearing which banks still have physical trading operations, versus purely financial commo...
|3||1 month 5 days ago|
I work in FI at a BB. My desk is limited by compliance to pretty much using VBA. No one on my desk codes other than myself, if we need something I'll either build it in Excel, get an intern to write a macro for it and look it over, or get IT to do it. I have a light background in programming, and si...
|3||1 month 6 days ago|
Hoping someone would shed some light on how to get started in trading? What is the title for an entry-level trader? What is career path? How long between each promotion? Best firms for training and experience? Thanks! ...
|5||1 month 6 days ago|
Hi All, Would sincerely appreciate guidance/insight to my situation: Interviewed about 2 weeks ago for an Associate level Corporate Sales position. The interview went well with 6 MDs/Head/Directors. Called back to continue interviewing but for different role: Investor Sales. Went well and continuing...
|0||1 month 6 days ago|