Fidelity Capital Markets Interview

Hello,

Does any have any experience with interviews for Fidelity Capital Markets? Have a first round coming up this week, and not really sure what to expect for buyside trading interviews. Also, not really sure what the role entails. Do I just sit there putting orders from a PM into algos all day? Kinda unclear how buyside trading works to me.

If anyone has any advice on how to prepare for this, that would be much appreciated.

Thanks

 
Best Response

From their site:

"Fidelity Capital Markets (FCM) is the institutional trading arm of Fidelity Investments providing trading, products and services to a wide array of clients and Fidelity businesses. FCM executes domestic and international equity securities including block and portfolio trading, listed options and foreign exchange. It offers securities lending, commission management and transition management. Fidelity Capital Markets trades fixed-income principally in a wide range of taxable and tax-exempt securities and underwrites municipal and government agency debt. FCM has its own distribution channel, Fidelity Prime Services, focused on servicing hedge funds and a full suite of Electronic Brokerage Trading Products, including proprietary algorithms and our own crossing network, CrossStream®. FCM offers all of our clients’ advanced trading, execution excellence and personal service. For more information about Fidelity Capital Markets please visit www.fidelitycapitalmarkets.com. "

Looks like you'd be doing flow trading from retail orders and hedge fund prime brokerage clients. Never really heard of any regular IM shops trading through fidelity (I worked at one last summer and they traded through the usual suspects - BB/MM banks who provide research in return).

Try and reach out to someone at the firm to learn more pre-interview

 

anyone?

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