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||3 months 2 weeks ago|
Just searched all of WSO, and there doesn't seem to be any mention of TrailStone. I was hoping to get some info about the company since it looks like they're in the middle of a pretty big acquisition... TrailStone buys Cargill's power and gas grouphttp://www.reuters.com/article/us-cargill-inc-m-a-.....
|1||51 min 34 sec ago|
What would be better for a freshman internship for someone looking into S&T for summer after sophomore year? - paid internship at MSSB (would be doing real work as group I'm working doesn't usually take interns so group lead said I could focus on what I want to learn) - KPMG consulting - unsure...
|2||1 hour 32 min ago|
Hi, I had a super day with MS commodities S&T SA on 1/10/17 and was wondering if anybody has heard back. Thanks! ...
|1||2 hours 29 min ago|
Something I gleamed from Seeking Alpha (work by Ivan K. Wu): "An interesting question circulating in this year's Q4 earnings calls has been the idea that policy benefits like tax cuts and deregulation could be competed away by irrational behavior. This is an insightful observation because it gets to...
|0||18 hours 5 min 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...
|7||22 hours 27 min ago|
Hi, I have an interview coming up for the Credit Research - Strategy desk. I'm not really sure what the role entails and I was wondering if anyone knows what the role might involve. I imagine that you don't focus on fundamental company credit analysis like you do in standard Credit Research. I guess...
|0||1 day 5 hours ago|
Hi all, I have a first-round interview for Citi's Markets Analyst program in London next week. I believe they're typically in-person interviews, but as I live in NYC they told me I could do mine over the phone. Has anyone interviewed for this office? Any insight into format/ questions that may be as...
|10||1 day 9 hours ago|
I read that salesmen and traders are completely two different things yet training programs are listed as sales and trading as if they were the same thing. How do you get into sales and trading with the goal of being a salesman rather than a trader? A career in sales doesn't require much formal educa...
|2||1 day 17 hours ago|
The S&P 500 ETF SPY continues to hold major support. Today, we dipped again sharply but investors are seeing a buy program helping the market get back above a major support trend line. As long as this trend line holds, investors should maintain a positive view with more upside expected. Should t...
|0||1 day 23 hours ago|
I work on an equity desk for an investment bank but I want to expand my product knowledge into the rates market. I really want to learn the foundation of Fixed Income relative value but what should be the first step in order to learn? Should I start by trading different liquid points of the treasury...
|9||2 days 4 hours ago|
Any information would be helpful regarding the culture, pay and lifestyle. What firm offers the better opportunities going forward? ...
|5||2 days 10 hours ago|
is there a dress code or semi-formal standard on the FICC trading floor of these firms? Suits? Jeans and polos? Khakis and button downs? ...
|1||2 days 10 hours ago|
This maybe a stupid question, but why the hell not? For those that have taken the CMT, did it help you become a better trader? I've been trading stocks here and there, know the basic technicals, and was curious if the CMT would increase my knowledge and improve my skill sets. ...
|0||2 days 16 hours ago|
Hello Everyone, I am a student a trying to figure out what specific career path I would like to go down. I have read some basic commodity trading stuff and was wondering the best place (firms and location) to start looking into. I am studying supply chain along with finance in school and was wonderi...
|8||2 days 16 hours ago|
This is a question for the active traders in the banks. Say, you know that your book rolls up to trading book (or banking book). When you book a trade, is it possible for you to book it in the wrong inventory such that it flows into banking book (or trading book)? How does this process of correct ma...
|0||2 days 17 hours ago|
I would like any input on what questions they ask at the superday and any tips on preparation for the interviews. Thanks ...
|4||2 days 17 hours ago|
I'm not saying this is all jobs on Wall Street but I am wondering if this is how it works in general. You are an individual. You make deals with other people. Sometimes you make money, sometimes you lose money. You get paid money if you make money with some deals but you don't have any liability if ...
|19||2 days 19 hours 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...
|51||2 days 21 hours ago|
Most of the retail traders in the forex market fail to make money due to various reasons. There are many novice traders claiming that they are losing money in the online trading world even after following the proper money management factors in every single trade. But surprisingly most of the retail ...
|0||3 days 7 hours ago|
Hi everyone, A bit of a beginner's question. I am a current engineering major at a top 10 worldwide school with a very strong interest in finance. I have secured a spring week in trading at UBS, and hope to convert it to a summer, and a summer internship as a finance analyst at a credit card provide...
|14||3 days 17 hours ago|
Does anyone here know much about precious metals trading? I work in physical base metals and I am somewhat mystified as to what precious metal traders do. There are a bunch of articles on how banks at the London gold and silver fixes are rigging the market but I'm not entirely sure why anyone should...
|10||3 days 17 hours ago|
Hey guys, I'm planning on taking my securities examination and I want to know which provider is better, STC or Kaplan. Their books are around the same price and I would like your views on which prepares you better. Thank, ...
|4||3 days 22 hours ago|
I'm a discretionary rates trader at a prop firm. My P&L for 2016 was low 6 figures. Talented guys at my firm who have been around longer than me earn mid 6 figures and less than a handful broke the 7 figure mark. I'm talented enough to continue grinding this out going forward while increasing...
|19||4 days 1 hour ago|
I know this comparison is like apple and orange, but to the experienced guys, which desk would you prefer and why? ...
|1||4 days 5 hours ago|
I am not a trader but I am very interested in how trading works. Would anyone kindly share their insights? There are so many brokers in the street, how do you decide which one you trade with? The broker you have your custodian with? Or does it depend on the stock? Thanks! ...
|0||4 days 14 hours ago|
Hi WSO. I have received three offers. One is energy trading role with a company that is nation owned and the other two are for market making roles. I just curious as to which i should pick. Base salaries are all the same more or less. I am more curious about future doors that open and close dependin...
|3||4 days 16 hours ago|
Okay so I need some help. For those of you in the S&T side of things, are things as crazy as The Wolf of Wallstreet/The Buy Side make it seem? Because I find that craziness making S&T very unattractive to me personally. ...
|0||4 days 16 hours ago|
Hey all! Current undergrad student at a target in my country with internship experience in commodities trading. I am looking at my options for when I finish my degree, and am considering various different routes especially seeing as graduate programs (and there are very few openings across the indus...
|13||4 days 20 hours ago|
I really want to get into investing (specifically in the stock market for now) but there is so much information and terms that I either don't know or fully understand. How can I improve upon my knowledge in investing and are there any investment strategies that you guys utilize that is proven and ef...
|2||5 days 50 min ago|
I still no very little about what I want to do whether its stock <span class='keyword_link'><a href="http://www.wallstreetoasis.com/finance-dictionary/trading-overview">trading</a></span> (thats what I do now for fun) or w.e but I`m pretty sure I want a career in Finance. The...
|9||5 days 15 hours ago|
We deal and specialize in helping you to get registered TOEFL, IELTS, IDP, ESOL, GMAT CELTA/DELTA, DEGREE, DIPLOMAS & other English Language Certificates. We produce TOEFL & IELTS, ESOL, and CELTA/DELTA, DEGREE, DIPLOMAS English Language for you with ease. For any enquiry, Our email address ...
|0||5 days 22 hours 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. ...
|28||6 days 9 hours ago|
My team is hiring an Energy Market Analyst / Oil 12 month contract Position is based in UK. Immediate hire. Please drop me a line if interested. I shall have a look at your resume and get back to you. ...
|0||6 days 11 hours ago|
What's going on guys, I have a superday next week for a Markets S&T SA internship at Citi. It's my first Superday so I don't really know what to expect. I've got my resume and story down and am just coming off an internship at a macro hedge fund in London so I'm pretty up-to-date with the Market...
|0||1 week 17 hours ago|
Hello Friends! I have recently started working at a new bank as a product sales and had signed a 3-month non-solicitation agreement and non disclosure of confidential agreement at the prior bank i worked at. Can anyone share what does that entails? For example: 1) If company A, who i had done busine...
|0||1 week 19 hours ago|
Couldn't find much via search. Who trades internationally through their personal accounts? Looking for suggestions as eTrade (what I use now) doesn't offer international trades. ...
|0||1 week 20 hours ago|
So I've been in the trading industry for 6 years now. At some point in the future, I want to transition to prop (I have a strategy) and I'm not talking about Market Making. I'm talking about actually managing a discretionary book to generate alpha... like a portfolio manager. Anyhow, we've all hear...
|16||1 week 1 day ago|
I am determined to work in S&T after I graduate. I am a junior who goes to a nontarget (might as well be a community college) in the northeast, above 3.5 GPA, STEM major, some nonfinance sales experience, currently have a finance related internship, good extracurricular activities, and blah blah...
|3||1 week 1 day ago|
I am consistently rejected after first round, competency based, telephone or video interviews. I am passionate about the markets, the industry and trading, and I have successfully traded on my own account for a few years now. However, none of the questions I have been asked in first round interviews...
|0||1 week 1 day ago|
People say gold is real money while our paper bills are not, because fiat money has no intrinsic value. However, in this article people are dumping gold at a record high now. Gold has been on a wild ride since the U.S. election, plummeting immediately after Election Day and regaining a bit of groun...
|15||1 week 1 day ago|
Hey monkeys: So, I'm seriously considering S&T, particularly trading in something like a hedgefund or prop trading as a career path. I only have one problem. Well, let me put it this way--I have 2 but one is being resolved as I write this. First, I have no track record--but I'm working on one. I...
|0||1 week 1 day ago|
Wall Street Oasis, Wondering, in theory, if there are no buyers, liquidation protocol. Seems court disregards some individuals; given some judges may seemingly ignore or otherwise circumvent administration, seems some buyers may simply lose funds, exempli gratia, judges allowing expelling capital un...
|2||1 week 1 day ago|
Hey guys, I'm looking to purchase **daily **off-the-run US treasury yield data from 2yr to 30yr maturities, but I was unsuccessful in finding a vendor. Quandl has something like daily yield for some OTR, but there is a lag period. I don't have Bloomberg Terminal. Any help is appreciated, thanks. ...
|2||1 week 1 day 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...
|9||1 week 1 day ago|
What exactly does an interest rate swaps trader/ market maker, in the long end of the curve, need to know, in terms of the mechanics / math of an interest rates swap? For example, assume you understand the basics of a swap (swapping fixed for floating, and the market convention for quoting each leg ...
|1||1 week 1 day ago|
Long story short, went through some shit last semester and fell behind in my internship search. Doesn't really matter where, desperate for an opportunity. ...
|2||1 week 2 days ago|
I've found a few posts online about the Strats team in general but nothing specific to the Sales Strat role. I have an interview in a couple of weeks and am trying to get a sense of whether I'd be a good fit as a Quant at another BB. ...
|0||1 week 2 days ago|
Getting a banking job is now an "arms race", says ex-Citi Singapore MD "Some say a banking career is a marathon; I say it's much better to think of it as a series of sprints," says Jason Tudor, a former Asia Pacific head of commodities at Citi. "I've been most fulfilled in jobs when I've been tasked...
|0||1 week 2 days ago|
Hello. New to this forum. Had a simple question since I am feeling unnecessary pressure from a "peer" of mine. He has the CFA, series 7, and 63 where as I have the 7 and 63. I have no plans to manage money and am only interested in getting my foot in the door as a jr. trader. I see the series 57 is...
|7||1 week 3 days ago|
This is a throw away account. Is there any job/profession out there that is similar in nature to open outcry trading either in finance, or another industry? There is a ton of info out there on the demise of floor trading, but really nothing about any type of profession that is similar. Where did a...
|2||1 week 3 days ago|
Hey guys. I know there's a decent amount of information on SIG's trading internships. I know for those mainly to expect brainteasers, probability, etc. Does anyone have any exp with the buy side research interview process? Should I expect more questions like stock-pitch and financial questions r...
|0||1 week 4 days ago|
Most commodity markets tend to be driven by a few basic factors which are freight on one side, price on the other side and qualities. Each commodity market has its own particularities. Most of what I will generally talk about applies to oil and the liquids in particular which is a little bit differe...
|10||1 week 4 days ago|
The foreign exchange market is an attractive place where people from all over the world trade. As you need a trading platform for trading in this market, it will be best if you use a demo account. The MetaTrader 4 trading platform can be regarded as the best forex trading platform. There are a numbe...
|0||1 week 5 days ago|
Greetings Monkeys, I have been hovering around this topic on my own over the past few months, for reasons you will get introduced to further in the post, and have not had much of a chance to discuss it with other people from the industry as I do not really know many Prop Traders outside my firm. Pos...
|2||1 week 5 days ago|
Hey Guys, I have my first round phone finance interview with JSC in 4 days. What should I be expecting? Anyone who had their ph interview with JSC.. your insight would be of great help. Also, any site where I can get a good prep? ...
|97||1 week 6 days ago|
So take these retail banks, known in Aus as the "Big 4 Banks", and their market divisions:http://www.anz.com/corporate/markets/ https://www.commbank.com.au/corporate/solutions/gl... http://www.nab.com.au/business/international-and-f... https://www.westpac.com.au/corporate-banking/finan... Compare th...
|10||2 weeks 3 hours 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...
|44||2 weeks 9 hours ago|
This is specific to Switzerland... The world trading unit of Cargill. Lately Cargill-GE has downsized their floor from 800 to 450 (lay offs and staff put on early retirements). New-Hiring is on the ice, Total freeze on the Commercial Management Trainee Program this year. -Additionally in the past ye...
|3||2 weeks 15 hours ago|
Banks have Sales desks, trading desks, but also lump debt origination into this S&T bridge. How does Securitization and DCM differ from S&T? What does origination even mean? If you are an analyst/associate working in Securitization/DCM, are you working on deals like an investment banker? I'd...
|0||2 weeks 16 hours ago|
I feel like there's really not a lot of discussion about S&T/The specific areas of sell-side trading on here anymore. Sooo I want to see what people's opinions are on the different desks with respect to a few different categories. 1. How smart are the people / How technical is the product 2. ...
|44||2 weeks 20 hours ago|
What is the average daily VaR of a trader? Senior, junior, etc...? If a trader has 20mm capital and let's say he is down -3K and he holds on to the position having the conviction that it will eventually go his way and it went down to 5K and hes keep averaging his position, do they care? ...
|8||2 weeks 1 day ago|
Any thoughts on how well their S&T division is doing, and future opportunities with the firm (especially for a recent college graduate)? ...
|0||2 weeks 1 day ago|
Can someone tell me more about getting a job in sales and trading? What are the hours like? Can someone get into this job with a bachelor's right after college? Are there internships for this division? Is the pay sufficient enough? Is it worth it? etc. Any insight would be tremendously helpful. ...
|2||2 weeks 2 days 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...
|44||2 weeks 2 days ago|
I'm a 3rd year at a target in Canada with no finance experience. My past internship was as a Bus Analyst at a well-known niche tech firm and besides that I just have some campus involvement stuff. One activity I've spent a lot of time on is doing analytics consulting of sorts for reesearchers at my ...
|0||2 weeks 2 days 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...
|7||2 weeks 3 days ago|
Fortunately I got summer intern offers from JPM private bank and Barclays SnT, now kinda struggling between these two offers. SnT certainly provides a steeper learning curve and the knowledge/skills I will learn is probably more sophisticated . But JPM is surely better in terms of bank development a...
|10||2 weeks 3 days ago|
This is my first super day invite from GS, can someone give me an idea of what I need to be looking forward to and any prep advice? It is a super day for the GS Summer Analyst Position in Sales & Trading. Anyone else have the same day?? ...
|13||2 weeks 3 days ago|
Hi, Can someone explain how exactly a physical commodity trading house makes money and why there is a need for independent comodty houses, whats there right to exist? What are the risk when trading commodities physical and how can they be hedged, are there specific hedging strategies that are applie...
|187||2 weeks 3 days ago|
Hi monkeys, I'm currently in college (sophomore at Baruch 3.6 GPA) and currently looking for advice on how to jump start my career in trading. For any of you currently in a trading role, could you tell me what you did or would have done differently? I'm looking to go directly into a trading role (no...
|0||2 weeks 4 days 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...
|27||2 weeks 4 days ago|
I embark on my journey as a Trader in two weeks, as I just gave my two week notice from a shop in Houston to the East Coast. Going from a NG Scheduler to a NG Trader/Scheduler, still young (3-ish years since UG). You can read more about my background here: Finally a Gas Trader ...
|45||2 weeks 5 days ago|
First time post so please be nice... I recently received an offer from a major European bank to work as an intern in their risk management division (HSBC,CS,BNP, Barclays level) in NYC. I am pretty excited about the opportunity, but its a year long internship and I am a Junior in college at great sc...
|0||2 weeks 5 days ago|
Is their any difference between Position pnl and trading pnl of a currency trade like GBPUSD? The trade referred here is a Forward of 1 month. The position it will create is a Forward position and NPV of same. ...
|0||2 weeks 5 days ago|
A) Totally disappointed with the overpriced and undervalue 3 month Mentoring Program (USD7001) I am totally disappointed with Anton Kreil's Institute of Trading and portfolio management's 3 month Mentoring Program. This is because the mentoring program is overpriced and undervalue. I have regrette...
|12||2 weeks 5 days ago|
I am really interested in the markets and I want to learn more about it, but I am not sure what the best way is. My school solely focuses and pushes investment banking and there is barely anyone to talk to about markets and S&T. Is there a guide or textbook to learn the fundamentals of the cause...
|2||2 weeks 5 days ago|
I secured a meeting with a MD through networking to speak about getting into S&T. Looking to get into something like trade support or even being a sales assistant. Anyone have any advice on how to prepare for something like this? Would really appreciate any feedback. Also is it weird if I as...
that guy from
|0||2 weeks 5 days ago|
What are the perspectives and how does it compare to structured trading graduate programmes at investment banks? ...
|33||2 weeks 6 days 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...
|47||3 weeks 13 hours ago|
I need some advice on lateral from SA to FA. I am hoping to make the switch from a BB (think CS/BAML/Citi) to GS/JPM/MS. This is for Sales & Trading. Any advice? Is it worth the switch? ...
|0||3 weeks 15 hours ago|
Can anybody on here provide some insight on this program? IE who they hire/compensation/travel/schedule/ exit opps? ...
|4||3 weeks 1 day ago|
Background: I did electrical engineering at a state school (but not the flagship), got a 4.0, and have a good engineering job. The starting salary's nice, but it seems like there's just not much room for advancement. I've looked at IBD, trading, and sales, and sales seems to be the most appealing o...
|1||3 weeks 2 days ago|
Any Cobalt traders/specialists around here by chance? Want to learn a little bit more about trading the metal and was wondering if anyone had any resources or books to recommend. Many thanks! ...
|0||3 weeks 3 days ago|
Has anyone applied for Tibra this year? How are the recruitment stages so far? Also, how are the Optiver's last stage interviews? ...
|6||3 weeks 3 days ago|
So I have recently received an offer to take on an internship at Sandford Bernstein for equity research and another offer to do trading at Citi (again internship). Both internships are 10 weeks long and are this summer. I am from an engineering background and am genuinely attracted to both. SCB pros...
|7||3 weeks 3 days ago|
I have traded for almost two decades in a bank. All those years have been successful. However a lot of the time there is a small income (20 percent of profit) derived from the franchise. Note that I have always made much more money than my franchise. I have now been offered a job at a medium tier C...
|42||3 weeks 4 days ago|
Hello, I've been offered a SA role at a BB in their S&T division. However, I come from a non technical background and am wondering what are the best ways to help prepare for this summer beyond keeping up with the WSJ and the like? Additionally, in terms of group selection, I really want to avoid...
|0||3 weeks 4 days ago|
I landed an S&T internship at a BB, and in the coming months will need to select a group. I was more interested in banking, but struck out in the recruiting process so I took this. Although it is S&T, there are banking-ish roles, such as CMBS and ABS originations, Public Finance DCM, and som...
|0||3 weeks 4 days ago|
A little about myself, graduated 2 years ago from b-school in the northeast with a finance degree. Originally had planned to go the Asset Management route, passed CFA Level I etc, wound up in the power trading industry after a internship and got a full time gig shortly after. Ask away. ...
|54||3 weeks 5 days ago|
I am about to accept an offer from a commodity brokerage company that specializes in lumber trading. Ive shown my boss at Morgan my contract, he says it is as legit as they could offer. My question what are the "greener fields" within trading. Lumber trading isn't sexy (Besides trading plywood durin...
|2||4 weeks 1 day ago|
Does anybody know how to make stock screener for 2015 excel using a mac? I do not know where to begin ...
|0||4 weeks 1 day ago|
They called me the Commodity Merchant, I prefer "relationship manager". It not just buy low, sell high. It's managing the relationships, structuring the logistics assets and trades from the origin to the destination. We are a regular shipper on the Colonial Pipeline Line 2, Off-Exchange EFP cash set...
|2||1 month 13 min ago|
whats the future look like trying to move out of a back office position like this? trading hopefully? ...
|0||1 month 3 hours ago|
As 2016 draws to a close, it is a good time for reflection on the main happenings of the year. Below are Goldman's 2016 published- Macro themes and rationale. This is an open thread to discuss the main themes of 2016 and the outlook into 2017. Top Trade No. 1: Long USD vs. short EUR and JPY: This i...
|4||1 month 9 hours ago|
I'm ready for another round of questions from all of you. Please remember, I'm doing this because I care, so try to keep it civil. Fire away.... (PS -- Let's try to refrain from asking dumb questions this time.) ...
|118||1 month 1 day ago|
NB: I'm really ignorant about power physical trading. Job advert for a "trainee physical markets trader" at EnergyAustralia. Link: http://careers.energyaustralia.com.au/cw/en/job/49... (will expire eventually) So 6 month training program followed by role begin. Job Description: "Please note: Physica...
|1||1 month 1 day ago|
Hi Guys, I am a sophomore at a semi target looking to go into trading after graduation. I have never had a formal internship and my gpa isn't that great. (3.1) Do I have shot for an internship this summer? Am i too late for the recruiting cycle? Is trading and investment banking recruiting similar o...
|0||1 month 1 day ago|
I'm currently a 2nd-year risk analyst at a F100. How do I become a prop trader and what kind of companies do I target, or am I SOL? About me: Non-target, no school network Knowledge of but no work experience in programming / data science (ie, I know C++, Python, R, others) Trade only my personal cas...
|0||1 month 1 day ago|