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Broker selection-Insurance and high commission
Are many hedge funds really paying 3%+ of their returns (0.65 per option contract, could be hundreds of thousands or millions $$ per year) on broker commission fees? Also, if the brokers went bankrupt, the insurances they purchased only cover a small percentage. Futures seem to be not covered. What...
Trade Support Analyst vs Prime Brokerage Ops Analyst
Hey guys, New joiner here. Recently I have been offered two position A. Trade Support/ Trading Services Analyst at JP and B. Prime Brokerage Ops Analyst at MS Both are very nice offer and I would really like to ask some help before deciding. A bit of background I have always wanted to become a...
Prime Financing/Brokerage Sales
Does anyone know if prime brokerage sales or "platform sales" has the same comp as the rest of S&T? Looking for GS/MS/JPM. Anyone have any idea what its like?
Equity Finance = FO?
Is it trading? Pay/bonus compared to other trading desks/roles (e.g. Rates Desk)? Job Description Global Markets Division, Equity Financing, Associate, London Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and...
Prime brokerage equity finance trader
didn’t see many posts about prime brokerage trading. Is it less hot than other asset classes? Pay/bonus/reputation/work life balance also worse ? Anyone has insight to share ? Role Overview The role exists within the Prime finance trading team which is responsible for managing and optimizing...
Prime trader
Is it FO? What about the pay? Title: Prime trader Job Description: The individual will be part of the EMEA Optimisation group whose mandate is to increase revenues and balances across the Prime Finance and DeltaOne businesses by optimising the client book, pricing portfolios and driving client...
S&T - Prime brokerage - pay and prospect ?
As the title said, any insight to share ? Both 2022 and going forward, vs other desks, profit pattern, etc.
Sales and Trading vs Investment Management
I am a beginner to finance looking into various summer internships. I have an interest in stock market investing in particular. I would say the priority for my internship (as it would be for most) is to learn as much as possible whilst also hopefully getting a prestigous name on my resumé to make...
Transition from On-Boarding to IB
Anyone have any experience or know of anyone that started with on-boarding (account opening), specifically in Prime Brokerage, and moved to IB or ER , I'm interested to see what that path looks like. Thanks!
Bank Or Client Side in PB
I hear two terms very frequently while meeting disucussions. Bank Side, Client Side. What does that mean?
Interactive Brokers Prime Services
Hi all, I have been running a families + friends strategy on an IB personal account for a little while now, and have now reached the minimum size ($3m) to take advantage of IB Prime. I am hoping it would serve as a springboard to establish a track record and tap into their marketplace. IB Prime is...
ROI for cash prime brokerage
Hi all, I wanted to know what is ROI for cash prime brokerage business Is it around 4-6% or higher ? I know there is set answer and different houses will have different return rate but what is general band for ROI .? And what typical leverage ? 5-8 times ?say client balance is 1 billion, TYPICALLY...
Need answer - typical ROI for prime broker business
Hi all, I wanted to know what is ROI for cash prime brokerage business Is it around 4-6% or higher ? I know there is set answer and different houses will have different return rate but what is general band for ROI .? And what typical leverage ? 5-8 times ?say client balance is 1 billion, TYPICALLY...
Capital Introduction, Prime Brokerage
Can someone shed some light on the day to day of someone in Cap intro, compensation, and future opportunities?
Prime Brokerage - Middle Office to Cap Intro/Sales
Hi, Long time reader, first time poster. I was hoping someone could provide some advice on the transitioning from a Middle office role with Prime Brokerage over to the Capital Introduction / Sales Team. I currently have one and half years of back office/fund accounting experience but had to leave,...
How difficult is it to transfer from prime brokerage intern to IB/capital markets full-time?
Trying to keep my options open about full time opportunities, so I wanted to know how difficult it is to be offered an I-banking/ capital markets full-time position coming from prime brokerage (model-based job, not relationship management). Also coming from a target school.
Trading Start as a Novice
Hi guys, I have a strong interest in capital markets and micro-structure. I am an upper junior mathematics student and want to break into one of the BB 's capital markets division. I haven't really traded myself and am still learning. I am reading some papers and building some algos for...
Future of prime brokerage? Sec lending specifically?
I keep reading that banks are scaling back on PB because of how balance sheet intensive it is. What does that mean for the future, specifically sec lending since it makes so much money for the firm? How do you think PB will adapt to new regulations? Please respond! Would love to hear any thoughts on...
Prime Brokerage internship offer?! Not sure, please help
Hey everyone, so I've been offered a long-term internship at a European BB within their Prime Brokerage. I've done a lot of research on PB (including on WSO) and I'm still not too sure if I should take the internship. The internship will start next year. I'm currently doing an internship in project...
prime brokerage client services
I got an offer from a BB in India, want to seek more advice for this department, exit opps and other career options, since I am not an Indian, possible to relocate to other areas? Many thanks
Prime Brokerage Stories: Getting the Drawer
This is the sixth in a series called “Prime Brokerage Stories,” real life experiences from a close family member who worked in this area of the Street for 30 years. For an introduction to PB so it all makes sense, see here: http://www.wallstreetoasis.com/blog/what-is-prime-brokerage Last time I...
Prime Brokerage Stories: Letting Go of the Past
This is the fifth in a series called “Prime Brokerage Stories,” real life experiences from a close family member who worked in this area of the Street for 30 years. For an introduction to PB so it all makes sense, see here: http://www.wallstreetoasis.com/blog/what-is-prime-brokerage Our prime...
Prime Brokerage Stories: Mentally Fired
This is third in a series called “Prime Brokerage Stories,” real life experiences from a close family member who worked in this area of the Street for 30 years. For an introduction to PB so it all makes sense, see here: //www.wallstreetoasis.com/blog/what-is-prime-brokerage Even though the money...
Prime Brokerage Stories: Thank You, Nick Leeson
This is the second in a series called “Prime Brokerage Stories,” real-life experiences from a close family member of mine who has worked in this area of the Street for about 30 years. For a good introduction to what prime brokerage is, I recommend you read the following:...
What Is Prime Brokerage?
I’ve noticed that there is a dearth of information and answers about this area of Wall Street here on WSO , so I’ve decided to give a basic overview of prime brokerage—what it is, how it fits in the overall picture, and what its responsibilities are. To really drive home the explanations, over...
Compensation for BB/MM Prime Brokerage Roles
Looking to focus on FO jobs; i.e. Capital Introduction, Sales &/or securities lending. Analyst - Associate level. However, if you have information on comp for MO roles or even BO roles, feel free to share them since we can all stand to learn a little. Any information would be greatly appreciated.
Goldman Sachs Internal Mobility
Hello, I couldn't find a proper thread on this topic so I wanted to ask those who work in GS about their internal mobility programs. I have been offered to join securities lending desk at GS , but this role is something that I am not too interested in. However, I can't completely ignore GS name...
Prime Brokerage - Possible to move to FO?
Currently working in Prime Brokerage Product Control, possible to move to FO from this position?
SALES - UCLA Extension Cert - Check it out
Sup Monkeys, I am looking for a boost. I'm not looking for a magic remedy to break into sales, but was curious if this extension could help. Graduated from a non-target, mediocre gpa. Finance Certificate with Concentration in Investment Management and Analysis:...
Prime Brokerage Sales
Hi All, I am considering a sales/origination role in Prime Brokerage at a BB (top 5) - can anyone shed some thoughts on exit options and comp? and how does the comp compare to other product sales roles such as FX/rates? I read another post on WSO which was good, but there wasn't specific information...
Calling on those in Prime Brokerage
It's become apparent to me that while WSO is a great resource to those in IB, HF , PE, S&T, and ER , we lack a Prime Brokerage forum. For those of you who are either in Prime Brokerage, want to be in Prime Brokerage, or have Prime Brokerage relationships on a daily basis, feel free to join the new...
Career options in Prime Services
Hi, I work as a Trade support Analyst on the IT side of a BB firm in NY , handing trading issues for the prime services division. Prime services deal with hedge funds as their clients, proving brokerage, lending securities among other services. Although i work for Prime services, i havent got the...
Interview for Prime Brokerage Associate Position Advice Needed
Have an interview at a large IB in NYC next friday for a Prime Brokerage Associate Position. I know what the day to day job duties entail but I would like some input about hours/salary/bonus for this position. Did a search on the forum and couldn't find much on the topic. For those of you who work...
What does "On-Job Training" consist of at an IB?
Just wondering how difficult it is to learn on the job and be trained in an IB for a prime brokerage (leverage/financing) role? I'm currently gunning for some sales positions in NY at the moment, but lack certain experience in things like : 1) Using a Bloomberg terminal 2) Using spreadsheets to...
Prime Brokerage IT
Is PB IT considered front office for IT? If not, what would be front office for IT? Thanks in advance!
JPM Prime Brokerage Bonuses cuts
According to this article from deal breaker JPM 's Prime brokerage FO /MO personnel just took a big hit on their bonuses (about 75% on the departmental level). Given JPM's recent 40+% increase in revenues what do you think of this bonus cut and where do you see JPM's prime brokerage (especially...
Increased competition in prime broker bus for HFs?
I assume post-crisis, post Lehman collapse, most small to mid size and large (too) hedge funds now use more than one prime brokerage to help reduce exposure, true? In Europe, I believe MiFiD would also be interpreted as ruling that HFs need to spread brokerage risk? So is this opening up the market...
Ask Me Any Question You Have About Prime Brokerage
I realized that there really isn't much information on prime brokerage on this site, even though it has been a significant source of revenue at bulge bracket banks under the S&T umbrella. I currently work in this industry (one of the big players GS/MS/JPM/DB) and am here to answer any question you...
Prime brokerage vs. Structuring
I'm aware of what the jobs entail. I'm curious of people's opinions. Everything else being equal, which job would you choose and why? Thanks.
Prime Brokerage Interview
Ive got a superday with CS Prime Services/Solutions tomorrow where I will be meeting with one MD. Anyone know what kind of questions I can expect, will I be grilled?
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