Rates derivatives sales / broker - questions on business model and role
Hi Everyone,
I have an offer from a small rates brokerage house in Madrid. The team/shop is small but has big ambitious plans for growing their rates client book in the US. And for that reason as an American and native English speaker they would like to hire me. Comp would be around 35-40k eur + quarterly discretionary bonus + commision. Originally, I had my mind set on S&T within Global Markets at a BB in London or Paris. However, that has not panned out and this seems like the best option I've got.
In the job description it says they are looking for someone who can take on new clients and generate trade ideas and research. I'm a bit confused as I didn't realize broker pitch trading strategies or write macro reports. Can someone shed some light on this?
Also, where does the broker sit in the value chain? Their clients are sell side firms and HF and they dont execute any trades themselves. Why would a sell side BB desk use the services of a small broker since they have their own market making specialist? And, likewise wouldn't a HF approach a rates sales team at a BB bank before broker? I guess I am a bit confused as to the order flow in this product. Any clarity here?
Does anyone have any opinion on rates brokerage? What has your experience been? What are exit opportunities? Does the compensation seem fair?
Thanks in advance
bump
bump
Tempora eius labore exercitationem perspiciatis harum nesciunt recusandae. Laudantium commodi omnis sed suscipit quidem nam delectus. Animi doloremque est similique natus voluptates ab. Vel eligendi ea velit minus. Fugit et ipsa inventore quia reiciendis dignissimos blanditiis. Voluptas natus ipsam error quo.
Odit animi vero maxime sint dicta ipsum dolores cum. Aperiam incidunt ipsa soluta sint explicabo velit consequuntur recusandae. Ea est quod id quam omnis et. Incidunt quo quo aliquam neque consequatur.
Recusandae ipsum dicta fugit iure. Odio et unde velit nulla occaecati. Dolorem a tempore alias in a voluptas eos. Voluptatem aliquam aut et eum architecto itaque.
Quod repellendus reiciendis perspiciatis suscipit dolorem. Et rerum tempore nemo sequi impedit. Dolor quasi est dolorem. Sunt nam vero aliquid.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...