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...
|27||22 min 43 sec 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 ...
|0||18 hours 24 min 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||23 hours 56 min 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||1 day 32 min 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||1 day 43 min 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||1 day 6 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||1 day 12 hours 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||2 days 2 hours 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||2 days 11 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...
|25||2 days 12 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...
|92||3 days 6 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||3 days 10 hours 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||3 days 13 hours 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||3 days 23 hours 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||4 days 1 hour 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||4 days 2 hours 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||4 days 6 hours 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||4 days 7 hours 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||4 days 8 hours 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||5 days 1 hour 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||5 days 4 hours 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||5 days 4 hours 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...
|77||5 days 5 hours 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||5 days 8 hours ago|
|0||5 days 8 hours 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||5 days 12 hours 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||6 days 2 hours ago|
|0||6 days 3 hours ago|
|0||6 days 3 hours ago|
|0||6 days 3 hours 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||6 days 8 hours 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||6 days 8 hours 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||6 days 9 hours 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...
|0||6 days 18 hours 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 week 3 hours 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 week 8 hours 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 week 11 hours 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 week 1 day 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 week 1 day 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 week 2 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 week 2 days ago|
Does anyone have any info about hours in the Special Situations Group? Other relevant info is also appreciated. ...
|3||1 week 2 days 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...
|37||1 week 3 days ago|
WSO Monkeys: Can you recommend some FX trading books to read? No dummies type of books. I have experience trading FX spot, but would love to learn more about it and strategies. Thanks. ...
jesus of nazareth
|2||1 week 3 days ago|
A French bank in New York rescinded summer analyst offer 2 months after I have signed it. They said my previous fund startup experience has conflict of interests according to their compliance (which I already resigned from two months ago) - there is only one months until the internship starts. What ...
|33||1 week 3 days ago|
Hey guys, I'm a Sophomore studying finance in Hong Kong. I have previously worked at a boutique financial consultancy, mostly on Macro-economic research, and attended 2 spring insight programs at BBs here in Hong Kong, specifically focused on IBD and S&T. I wanted to ask, how I can best prepare ...
Hong Kong Kid
|0||1 week 3 days ago|
Hey everyone! I currently am developing an ETF on my campus for the state of Michigan. It holds the ten best companies after our analysis. I have also done all of the data back ten years and simulated it. I am at the point of developing a pitch and report for it I was wondering if anyone had any tem...
|0||1 week 3 days ago|
Hello I'm an associate trader at one of the Big 5 Canadian Banks in Toronto on a STIR desk (think money markets, repo, fx forwards... etc). I trade a shared book with two other senior traders (Director and MD). I'm a top performer: great reviews, above average comp, grind out good trade ideas, signi...
|2||1 week 4 days ago|
Hey guys, >>I have a BB Markets SA offer (rotational, S&T and ER) and was thinking of future career plans if I want to transition into an AM/HF on graduation (unless I get converted, then that would be a different set of considerations altogether). Have previously interned at a 2bn AUM HF ...
|1||1 week 4 days ago|
Hi, I am 1 year before graduating in Bachelor of Business Administration with a minor in Economics. In the past year, I did a summer internship in a Austrian Bank and am now doing a 6-month internship at the back office of an Energy-Trading company, also in Austria. I am very interested in getting ...
|4||1 week 4 days ago|
Interesting op-ed in this week's NYT about a former credit derivs trader: For the Love of Money IN my last year on Wall Street my bonus was $3.6 million -- and I was angry because it wasn't big enough. I was 30 years old, had no children to raise, no debts to pay, no philanthropic goal in mind. I wa...
|63||1 week 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...
|0||1 week 6 days 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 ...
|13||2 weeks 1 hour ago|
Hi guys I got 2 questions regarding xccy swap: 1) Is it true that given e.g. the 1Y FX swap point, I can use interest rate parity to come up with the rate for a 1Y fixed-for-floating xccy swap? 2) Regarding ytd's Bloomberg article (How Global Investors Turn Negative Japan Yields Into Big Returns), i...
|11||2 weeks 4 hours ago|
Hi I am a 2nd year non-US University student going into 3rd who's majoring in actuarial science and statistics. When I first entered the university, I had a clear goal of becoming an actuary and thanks to my school's rigorous actuarial program, I currently have 3 actuarial internships at different c...
|0||2 weeks 10 hours ago|
Hi Guys, I was hoping someone in the know could shed some light on this issue for me. I was wondering how often and how difficult it is for people working in sales/trading/strategy at a big 4 Australian bank to transition over to associate levels performing the same role at investment banks after 1....
|1||2 weeks 15 hours ago|
I do not know much of anything about trading so please bear with me here. I am wondering about scalping bid ask spreads and profiting off of them. This is not so I can trade on this, but I am just curious on the subject. Can someone provide examples of how a trader can profit off of this? Say the sp...
|10||2 weeks 23 hours ago|
Hi guys, Not sure where this topic should go so I thought this might be the (another) route to go. When assessing relative value of private [fixed and floaters] corporate bonds (all grades with a lean towards IG), do any of you take covenants into consideration? I would assume that many of you do.....
|2||2 weeks 1 day ago|
I'm in the position where I have the chance to become president of my Fraternity. I've already been involved as treasurer and academic chair. Going to be a senior next year. Will adding president to a resume be that important or valuable? I'm interested in Commodities and/or energy trading and have ...
|13||2 weeks 1 day ago|
What are they exactly? I don't understand what kind of shop they are, what kind of pay guys there get, how prestigious it is, etc... There was a thread on them a couple months ago but I read it and still didn't know what they did. ...
|65||2 weeks 2 days ago|
Hi everyone, I am soon to graduate and have secured a junior position at a proprietary trading firm (DRW/Mako/SIG) - could I have some opinions and advice on the 'best' desks for options market making/position taking in terms of your own personal interests/potential exit opportunities (should I ever...
|4||2 weeks 2 days ago|
I am currently looking to build out the rest of my equity coverage and primarily trade around the syndicate calender. Looking for coverage at some of the bigger banks and several mid-tier firms. Would be a low maintenance account and those that already know the syndicate game would be much appreci...
|1||2 weeks 2 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
|11||2 weeks 2 days ago|
Hi there, I just received an SA offer from a BB in S&T/ER. I was wondering what my options were going forward if I want to hop over to the buy-side and join a AM firm/HF next time. I was wondering if the big players in the AM/HF space would look more at my BB experience or still consider my GPA...
|3||2 weeks 3 days ago|
The largest U.S. bank by assets said it is in discussions to move its worldwide trading systems to an Internet-based cloud computing service maintained by startup Cloud9 Technologies LLC. The New York bank lent money to Cloud9 last year, said Rick Smith, head of private investments at J.P. Morgan....
|0||2 weeks 3 days ago|
has anyone heard back from this program yet? ...
|0||2 weeks 3 days ago|
|6||2 weeks 3 days ago|
|0||2 weeks 4 days ago|
After a 2 months pause, Levered Hedge is back. Recruiting is pretty much all over and focus has turned to preparing for summer internships. One of the main concerns of every intern is in the attire arena, as for many this may be the first time you have to dress for a business environment for an exte...
|22||2 weeks 4 days ago|
Hi I have been working as a trader/programmer for 15 years in the fintech industry. The past 3 years has been great fun as I developed my own tool for market making. It has been greatly successful, and I have med 34 mio SEK in 3 years (out of a starting capital of 250k). Last week I got a heart atta...
|1||2 weeks 4 days ago|
I am a recent graduate with a Master's degree in Mechanical engineering. I have been applying to junior level trading jobs but had no luck till now. Experienced in C++, MATLAB, R, But have no experience in financial modelling. Have 2 + years of experience in Contract Estimation and Bidding. It woul...
|0||2 weeks 4 days ago|
For the traders out there, if you could/do code, what sorts of programs would you write? Would they be more to optimise non-trading aspects of the job (filling out risk/PNL reports etc.) or would it be to improve your PNL (e.g. scraping online news feeds, different metrics for monitoring risk)? ...
|6||2 weeks 4 days ago|
Hello, I recently received an offer from Charles Schwab in their broker trainee program when I graduate undergrad in May. The main reason I'm considering this position is the fact that they sponsor the 7 and 63. Does anyone have experience in this program, or at Schwab in general? Also how difficult...
|8||2 weeks 5 days ago|
It would be interesting to note the best and biggest PTG firms : 1) DRW 2) Optiver 3) IMC 4) SIG 5) Jump Trading 6) KCG Continue the list. ...
|11||2 weeks 5 days ago|
I was just wondering what you guys think of KCG holdings? Would it be a good place to start a career as a Junior Quant Trader in their London office? Does anyone have any knowledge of the company/culture/comp etc or could share an opinion? Thanks! ...
|9||2 weeks 6 days ago|
|1||3 weeks 13 hours ago|
Has anybody here taken the CSC? I'm currently reading through the books and just wanted some general insight on the difficulty of the exams, how much studying is required to pass, and what sections to emphasize. Thank you. ...
|5||3 weeks 1 day ago|
Hi guys, I am trying to figure out market making. I am trying to find the risks that market makers face, what they can do to protect them, and also how to use options to protect them and make profits. Can someone please shed some light on this? Many thanks ...
|3||3 weeks 1 day ago|
I am a beginner forex trader and having already lost a small fortune, and then some, within this week, I decided to stop and reflect before I blow out again. If any of you would be so kind, I need some answers and/or validations. As far as forex trading is concerned, I am still a novice and I conclu...
|28||3 weeks 1 day ago|
Hi, I'm a fourth year math student looking for a summer internship at an investment firm in Vancouver. I thought it would be a good idea to start my own stock portfolio prior to applying for full-time positions to demonstrate my interest. Its been 8 months since ive started. The problem is that to d...
|3||3 weeks 1 day 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...
|10||3 weeks 1 day ago|
I'm a junior who has been doing some heavy networking. Between a BB firm and a top HF's FO operations team, what is the better spot begin your career? ...
|4||3 weeks 2 days ago|
In college i was lucky enough to be mentored by an ex investment banker who showed me his Bloomberg back tests he used for investing both client money and his own throughout his career. ( He created them not proprietary information of any bank) Within a couple weeks of initially meeting him i improv...
|4||3 weeks 2 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...
|3||3 weeks 3 days ago|
Could anyone shed light on what the ballpark starting salary would be for an incoming agricultural commodities merchant/trader trainee (in the US) at an ABCD? I've seen a pretty wide range of values ...
|2||3 weeks 3 days ago|
So I have been working in oil and gas for sometime now and I have always wanted to make the jump to get to a scheduling role. Long term the hope is to get into a trading role. My accounting experience has been on the operations side where I was JIB (Joint Interest Billing) Accountant. My plan was t...
|0||3 weeks 3 days ago|
Hi guys, I'm preparing for my first internship interview from Jane Street on the quant. trading position. Any advice? Thanks ...
|5||3 weeks 4 days ago|
Hello, I am currently a sophomore at a semi-target planning to major in finance. A close family friend suggested I minor in computer science. I enjoy programming but am not sure if it is worth it (I'll have to take summer classes). I'm not entirely sure what I want to do but am set on finance. What ...
|2||3 weeks 4 days ago|
|0||3 weeks 4 days ago|
Hello. I've been preparing for an interview where there'd be a possiblity for a trading simulation. I saw the Oxyor MarketTrader Demo and took a few shots. The problem with this sim is that I am trading via discretionary approach and not using a market making strategy at all, which means that I am n...
|2||3 weeks 4 days ago|
Before i could advise her not to, she went and bought 30 shares. I bought 30 shares at $38 because I wanted to, i wanted to be a part of facebook. I'm going to hold it. Cramer said (she watches him religiously) not to buy it until later, but overall he thinks people should own facebook (this t...
|23||3 weeks 4 days ago|
This coming summer I was fortunate enough to land an S&T summer internship. I was wondering, from your experience, what would be the best way to prepare for internship? Are there specific books that I should read? Being a physics and economics major, should I start reading books about finance? ...
|6||3 weeks 5 days ago|
Hi, I'm taking a class in university and one of our projects is to manage a trade book focused on energy related trades (eg. crack spreads, spark spreads, energy equities, crude, nat gas, refined products, electricity, etc.) and I thought it would be a cool forum post (and also helpful to me) to see...
|9||3 weeks 5 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...
|61||3 weeks 5 days ago|
Hi everyone! Currently I have offers from a relatively good proprietary trading firm (say, DRW, SIG, Optiver) and a medium-sized hedge fund. I really like both of them and it's very hard to decide which is better. Which of them is better for long-term? Is it possible/common to move from a hedge fund...
|21||3 weeks 6 days ago|
Know it's variable, but ranges, etc. would be helpful. ...
|37||4 weeks 1 day ago|
I am unsure exactly what the Derivatives group marketing team does, and most of my searches have led to other things, or applications to similar jobs. Does anyone have any idea and is willing to shed some light on what my day to day would be like ...
|1||4 weeks 1 day ago|
|2||4 weeks 1 day ago|
Hi everyone, I've been into Forex market for a while already. Dollar's behavior against major currencies has been pretty interesting lately. It has ups and downs. However, forex market in Eastern Europe has gone wild. Several currencies dropped by around 30-50% in the last 2 years. The countries hav...
|2||4 weeks 1 day ago|
I recently spoke to a JPM Sales and trading Director on the phone and at the end of the phone call, he said he can refer me to someone at another desk but I have to pick the desk and come up with relevant questions to ask. What kind of desk (products) should I ask for, and what are some relevant que...
|4||1 month 8 hours ago|