FX structuring - exit ops. Best fixed income product to trade.
Two quick questions I was hoping you guys could answer:
1. What are the exit ops for someone starting in FX structuring in Europe covering CEEMEA region? Would I look attractive to global macro hedge funds down the road? What is the specific skill set that such a desk would look for?
2. This one is silly, but I am just dying to get an answer. Within fixed income trading universe, what is one product that people want to trade on the sell side that offers the best money-making potential - CDS, FX options, bonds etc?
I would be very grateful for any input you guys could offer.





FX Structuring can move to
FX Structuring can move to global macro buyside. It gives you a good perspective of FX derivatives and RV opportunities.
The second question no one can answer.
Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard.
-30 Rock
I concur with Revsly and his
I concur with Revsly and his answer for #1.
For #2, there is an arguable answer if you are REALLY talking about sell-side traders and the products they want to provide liquidity in.
The answer is quite simple if you think about it: Pick the least liquid product.
Rationale? As with anything, less competition = wider spreads= better P & L for sell-side traders.
As a general rule of thumb, the products that are more highly structured/tailored are the ones that command greater spreads/commissions and thus more appealing to sell-side traders.
e.g. specialized FX derivatives with funky pay-offs and exercise constraints will be more attractive to the sell-side than run-of-the-mill vanilla options.
CD~