Search results

  1. Would You Destroy Your Career for $2.7 Mil Today?

    Mod note: "Blast from the Past- Best of Eddie"- This one is originally from 11/11 **SPOILER ALERT** This post is going to discuss aspects of the movie Margin Call. If you haven't seen the movie and are concerned I might ruin it for you, ski ...

    80 comments - 0 silver bananas - Feb 27 2016 - 8:01am -

  2. ETF Stripping and Insider Trading

    This post comes as a suggestion from HappyPantsMcGee (or HPM, or whatever the Diddy wannabe is calling himself this week). He asked me to explain the practice of ETF stripping, especially as it relates to the recent insider trading charges filed against s ...

    28 comments - 0 silver bananas - Mar 19 2016 - 8:48am -

  3. Drunk Broker Causes "Major Geopolitical Event" in Oil

    Every once in a while I come across a story that just writes itself. I went out with a pal on Friday night and got tore up from the floor up after a couple months of pseudo-sobriety. When I woke up on Saturday I only had a vague recollection of leaving th ...

    18 comments - 0 silver bananas - Apr 9 2016 - 8:00am -

  4. 5 Things a Dog Can Teach You About Trading

    Mod Note (Andy): Best of Eddie, this was originally posted in March 2011. To see all of our top content from the past, click here. That handsome guy to the left is my boy Hudson. As you can probably tell, he's a pretty cool customer. We rescued him a ...

    25 comments - 8 silver bananas - Dec 26 2015 - 6:00am -

  5. Day Trading, back office to Hedge Fund

          Hello Everyone, I am just about to graduate with my MBA from a decent state school on the west coast. I was wondering how to become a successful day trader on the side while I try to break into the finance industry. My plan is to find ...

    37 comments - 0 silver bananas - Apr 7 2016 - 12:10pm -

  6. Skills to Pick Up During Senior Year

          Hi all, I was wondering what advice you'd give your senior-year self knowing what you know now. I've signed with a STIR desk so I'm taking a few macro economics courses in addition to my finance courses. I want to prepa ...

    18 comments - 0 silver bananas - Mar 21 2016 - 10:55am -

  7. The Robots Are Coming for Wall Street

          Mod Note (Andy): this was originally posted on 2/27/16. Make sure to check out the comment by @APAE. An article from The New York Times has been stirring quite a buzz in the industry today: NY Times / "Robots Are Coming for Wall ...

    19 comments - 1 silver bananas - Mar 7 2016 - 11:05pm -

  8. Sales & Trading Offer- Dilemma

          Hello Everyone, Through the help of WSO, I was able to land myself a S&T, non rotational, internship at a BB. My first option was IB at the same firm, however I was cut after the first round interviews. I am a Junior and would lik ...

    35 comments - 0 silver bananas - Nov 4 2015 - 1:28am -

  9. Trading really dying?

          I know this topic has been hit time and time again. However, I feel after every recession, there's always tons of people saying sell-side trading is dying just to see another great time. Yes, regulation has tightened and the mone ...

    77 comments - 0 silver bananas - Sep 27 2015 - 11:00am -

  10. Investment Sales Broker AMA

          Currently been working as an investment sales broker for four years specializing in multifamily, mixed-use, and development sites in the 1-30 million space in NYC. Go ahead, fire away. Oh, and if it counts for anything, I worked for t ...

    17 comments - 1 silver bananas - Feb 29 2016 - 3:22pm -

  11. Switching over to IBD

          Hey All, I've gone through the recruitment process and I have been able to get JP S&T. My next best offer was pretty bad and not banking. Key Facts about me: Junior (no more internships after this one) Target School Some ques ...

    9 comments - 0 silver bananas - Mar 21 2016 - 12:51am -

  12. AMA: Trading Associate

          I've been away for a while... Work will do that to you... But I'm back for the long weekend. Ask Me Anything. Like so many I used AMA's as a huge resource breaking into S&T. A little back ground on me. Attended a no ...

    13 comments - 0 silver bananas - Jan 17 2016 - 9:44am -

  13. What would a successful trader do in high school if they could go back.

          My question is what would a successful trader do in high school if they could go back. Im currently a Junior in high school and ive wanted to become a trader for a really long time now. But as a high schooler i dont know if im using m ...

    8 comments - 0 silver bananas - Mar 26 2016 - 5:42pm -

  14. The Comprehensive List of Transfer Friendly Schools For Investment Banking

    Mod Note: Each day we'll be posting the top WSO forum posts of 2014. This one was originally posted on 4/6/14 and ranks #31 for the year by total silver banana count. You can see all our top ranked content here. Hello Monkeys, I am currently in the p ...

    202 comments - 22 silver bananas - Jan 1 2015 - 11:05pm -

  15. R or Python for FI Analyst?

          Hi all, I'm a senior with 3 months left in university. I'm taking two programming courses with the same prof. The prof offered to combine the courses and bootcamp me in one language. I'll basically be building yield cur ...

    10 comments - 0 silver bananas - Feb 9 2016 - 9:04pm -

  16. Can I algo trade as an individual investor?

          Folks.. quick question for you... Is there a broker out there that allows me, as an individual investor, to trade using custom logic / algorithms, e.g. if stock A falls below price X then buy stock Y OR Buy stock Z as soon as it becom ...

    14 comments - 0 silver bananas - Oct 8 2015 - 8:00pm -

  17. Military to Non-Target Southwest State University To Private Equity For Pension Fund

          Hello, I was in the US Air Force for 4 years, left to finish college at an extremely non-target college in the southwest and was able to break into Private Equity for a state pension fund. I have competed against peers from all over t ...

    6 comments - 3 silver bananas - Apr 25 2016 - 11:18am -

  18. How difficult is MSF curriculum?

          I am am going to be a senior next year at a non target and thinking that a MSF would be a good idea to rebrand myself and my gpa. My question is how hard is the msf curriculum? I am a >3.0 and do pretty well in finance related clas ...

    6 comments - 0 silver bananas - Apr 24 2016 - 2:48pm -

  19. Gold bugs squashed by aggressive selling

          Bullion sinks to five-year low on concerted wave of selling... 'curious what you guys think of this.. looks like the fall was mainly during the asian trading hours. Is this china's way of trying to assuage fears of impending ...

    22 comments - 0 silver bananas - Jul 25 2015 - 2:00pm -

  20. AMA Discretionary Hedge Fund Trader

          I did one of these before a couple years back when i was on the sellside, and figured why not do another one since these threads seem to get a lot of traction and provide a lot of useful info for kids. My background:-Discretionary tra ...

    39 comments - 6 silver bananas - Jun 1 2015 - 8:19am -

  21. What platform do you use for your personal trades?

          1. I am sure quite a few of the monkeys on here maintain personal stock portfolios. 'curious what tools most people use & why? (e.g. TD Ameritrade, Scotttrade, Etrade, other banks' trading accounts, brokerage accounts wh ...

    52 comments - 0 silver bananas - Apr 29 2015 - 1:25am -

  22. Oil Major Trading Programs- Long Term Prospects

          I have an offer with an oil major with a respectable operation (Chevron, P66, BP or Shell). Seems like a really great program to become a trader, I think if I dedicate myself to it I will come out prepared to do well and trade some ty ...

    7 comments - 0 silver bananas - Mar 24 2016 - 9:57am -

  23. If you could code...

          For the traders out there, if you could/do code, what sorts of programs would you write? Would they be more to optimise non- trading aspects of the job (filling out risk/PNL reports etc.) or would it be to improve your PNL (e.g. scrap ...

    6 comments - 0 silver bananas - Apr 1 2016 - 8:31pm -

  24. What separates Citi from others in Sales & Trading?

          What is unique about Citi 's Sales & Trading position as compared to other banks? Which trading desk is Citi 's strength? Citigroup sales trading london ...

    10 comments - 0 silver bananas - Dec 22 2015 - 8:53am -

  25. Stay in Technology or move to Front Office?

          Hello everyone, need your advice on my future career. I am studying Computer Science in top UK uni, I finished 2 years already out of 3 and now doing a year placement at the top investment bank as a Technology Analyst in London, after ...

    7 comments - 0 silver bananas - Feb 14 2016 - 11:12am -

  26. Is the center of power in banks shifting?

          Back in the 80's, bankers were at the top of the pyramid at investment banks. The booming economy, lower taxes and regulations, all prompted a massive M&A and IPO wave, and bankers reaped the rewards. In the late 90's Eq ...

    15 comments - 0 silver bananas - Jun 22 2015 - 2:07pm -

  27. Directional trader paths

          Hypothetically speaking, if someone was an outcast in society and possessed no other talents or ability to work a normal corporate job, but had an amazing talent to predict market prices with psychic-accuracy and make directional bets ...

    21 comments - 0 silver bananas - Apr 22 2015 - 4:59am -

  28. Is There Any Value in an Applied Mathematics Minor

          I am currently a 3rd year Finance major, who is considering pursuing a minor in applied mathematics. I am contemplating this, because I believe it will give me strong quantitative skills. However, I am afraid the courses required for ...

    7 comments - 0 silver bananas - Jan 23 2016 - 10:26pm -

  29. Screwed for Investment Banking FT?

          Hello WSO, I need your help. I am a Junior at a target school. I have a Sales & Trading offer from (GS /JP/ MS), and it expires soon! If I take the S&T offer, am I screwed for IBD full time? I do not want to do S&T Full Ti ...

    9 comments - 0 silver bananas - Nov 18 2015 - 7:12pm -

  30. Sales- debunking 8 MYTHS (From a veteran)

          I read a lot of misleading information regarding sales jobs in banks on this forum recently (I am lumping sales/sales traders and all products here). I won't mention any particular users, but it got me angry. Given I have not con ...

    37 comments - 15 silver bananas - Jan 6 2015 - 3:00pm -

  31. Gift For Trading What Field Should I Go Into?

          I have been trading a personal account on and off for nearly 3 years and have been immensely profitable with the small amount of capital I have. My recent trade on 190 and jan spy puts appreciated almost 1000% when I sold them. I trad ...

    6 comments - 0 silver bananas - Jan 17 2016 - 12:30pm -

  32. 2015 FT Recruiting Mega Thread

          Applications for full-time analyst positions at the following firms are now open unless otherwise stated. Get after it, monkeys! See you on the Street;) Front-office IBD, S&T and/or Research Deutsche Bank Evercore (Superday schedu ...

    195 comments - 6 silver bananas - Sep 5 2014 - 2:00pm -

  33. Do Any Banks Still have Prop Desks?

          Just wanted to start a discussion around bank prop desks and whether any parts have survived. I've heard that some banks have moved parts of their prop desks into their treasury/liquidity/funding desks ie London Whale. Is this tr ...

    4 comments - 0 silver bananas - Apr 21 2016 - 7:41pm -

  34. I'm A Former Trader Who Now Owns A Food Truck: Ask Me Anything

    The following is an interview I conducted with Tyrone Greene, with whom I started chatting when I visited his food truck, The Dark Side of the Moo. He's a former trader of precious metals who has made the leap to leave Wall Street and work for himsel ...

    47 comments - 5 silver bananas - Apr 13 2014 - 6:00am -

  35. Prop Trading vs Quant Firm Compensation

          Suppose I have offers from Two Sigma and a couple small time trading firms (100 employees), what should I choose if I want to maximize my earnings in the: 1 year time frame, 2 year time frame and 5 year time frame? Glassdoor says this ...

    7 comments - 0 silver bananas - Nov 22 2015 - 6:00pm -

  36. Firm Compensation

          Now that recruiting is coming to a wrap, does anyone want to begin compiling how much firms are offering in terms of first year comp? (Base-Signing)? This could apply to both banks (S&T) and prop trading. trading compensation ...

    34 comments - 1 silver bananas - Oct 19 2014 - 2:00pm -

  37. AMA: Credit hedge fund analyst at MF, former BB trader

    Mod Note (Andy): AMA/Interview Tuesdays! Email me ([email protected]) if you'd like to do an AMA or interview for WSO My background is working in a high yield/distressed trading desk as a research analyst and trader, before making the move to a ...

    71 comments - 9 silver bananas - Jan 11 2014 - 5:00pm -

  38. Urgent decision- opinions appreciated

          Basically, have to decide pretty soon between these two graduate programs: 1) Master in Financial Engineering- UC Berkeley, Haas School of Business 2) Master in Computational Finance- Carnegie Mellon, Tepper School of Business Backgro ...

    16 comments - 0 silver bananas - May 20 2015 - 12:15pm -

  39. The Wolf of Wall Street: A Monkey's Review

    "Well Mr. Belfort, in case you were wondering, you tested positive for cocaine, methauqalone, benziodiazepnes, amphetamines, MDMA, opiates, and marijuana. In fact, the only thing you're not showing is hallucinogens. What's wrong, you don� ...

    9 comments - 2 silver bananas - Jan 24 2015 - 2:00pm -

  40. Trading Weather and Making it Rain

    If you could trade weather and make money, would you do it? Or better yet, even think that it is possible? You could add this as something being bizarre and Ripley may add it to his bizarre collection. Believe it or not, it is possible to trade weather. M ...

    8 comments - 1 silver bananas - Feb 10 2015 - 7:00pm -

  41. Akuna Capital Math Test? (And Interview Process)

          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 fi ...

    28 comments - 0 silver bananas - Feb 10 2015 - 9:52pm -

  42. Leveraging S&T Offer for IBD Offer

          Hello WSO, Recently, I have received an S&T offer at MS /JP/ GS. I had also interviewed for IBD at the same firm, but was cut after first rounds. Do you think the following is possible, and do you suggest I do it? Someone recommen ...

    6 comments - 0 silver bananas - Nov 10 2015 - 2:34pm -

  43. FI Trading Down?

          What do you guys think is driving FI trading profits down at the big banks? Seems to me across the board the BB 's have decreased.. trading BB bonds FI ...

    25 comments - 0 silver bananas - Jan 21 2015 - 7:44am -

  44. Repo/Securities Lending Trader, what's their Profit Pattern?

          Hi All, More than happy to join you! I am a new member of this awesome forum, currently working as a Trade Support since graduated master study in 2014. Before coming to US in 2013, I worked in Asia on a FX Spot desk. Regarding to the ...

    7 comments - 0 silver bananas - Sep 19 2015 - 4:40pm -

  45. Trading Stocks as a Private Equity Associate

          In investment banking we're heavily restricted in our public market trading activities, having to get every trade pre-cleared by compliance, and having a full restriction from trading in our industry if we're in an industry ...

    4 comments - 0 silver bananas - Feb 25 2016 - 3:09pm -

  46. Citi Collateral Analyst

          Hello everyone, I have a direct final round coming up for an MBS position at Citi. The problem is, the description sounds pretty vague to me so I really have no idea what this job entails. I know it is in a group in GSM. Has anyone wo ...

    4 comments - 0 silver bananas - Feb 29 2016 - 10:13pm -

  47. Distressed HF- professional background for analysts vs PMs

          Hi everyone, During my current offcycle IBD internship in Europe, I get to analyze a lot of companies in financial distress for potential restructuring mandates. I realize that hedge funds play an increasingly vital role in corporate ...

    12 comments - 0 silver bananas - Apr 19 2015 - 10:25am -

  48. Trading specializations: skill & performance

    so i was talking with some friends who would like to get into trading and we were wondering which was the asset class (derivatives, exotic [equities], FX, rates, plain equities, etc) that offers the best performance for a trader given a better than averag ...

    11 comments - 0 silver bananas - Dec 31 2014 - 4:14am -

  49. Best Proprietary Trading Firms- Rankings?

    I'm curious to hear how everyone would rank the top prop trading firms. I've focused the post on firms in Chicago because that is where most of them are. Here is how I've ranked them: 1. Spot Trading 2. Jump Trading 3. DRW Trading 4. Optive ...

    540 comments - 0 silver bananas - Apr 23 2016 - 7:48pm -

  50. FICC Revenues

          Is there any asset class on the trading desks at the banks right now that is increasing in volume above a lot of others? Also, is there any particular new product that has come around recently and is showing promise? (like CDS 's ...

    7 comments - 0 silver bananas - Aug 3 2015 - 1:56pm -

  51. Trader to MBA

          I am a 26 year old energy trader who has an UG in finance and an MFE from a top program. I've been trading for 2 years in physical energy at a top merchant trading firm such as glencore, trafigura, tenaska trading physical commod ...

    4 comments - 0 silver bananas - Jan 19 2016 - 10:23pm -

  52. Is it true that the golden days of trading at investment banks are over

          I recently watched a video and this guy named Anton Kreil, a former trader at Goldman, said that traders used to be able to millions easily at banks. But he then proceeds to discuss how traders do not do this anymore at banks and that ...

    15 comments - 0 silver bananas - Jan 16 2015 - 9:38pm -

  53. BB Credit Risk vs BB S&T vs Fortune 100 Investment Analyst

          As the title suggests, I got three internship offers and I am split between the first two. I am worried about career prospects in S&T but work in credit seems to be a little less exciting. I am hoping to either break into research ...

    12 comments - 0 silver bananas - Feb 19 2015 - 1:19am -

  54. why is trading suspended?

          What happened at the NYSE? trading ...

    7 comments - 0 silver bananas - Jul 8 2015 - 2:12pm -

  55. How Do You Develop Your Macro View

          Just as the title says...would very much like to do a better job of this and would love to hear from those of you that have to do this for your work every day. What books do you recommend reading, and what news do you specifically try ...

    51 comments - 0 silver bananas - Jun 19 2014 - 9:40pm -

  56. Making Money Is Not The Goal

    Grab 10 people off the street and ask them what a trader's number one goal is, and I would bet that nine out of ten would say something along the lines of "making as much money as possible". Those people would be wrong. Don't get me wr ...

    11 comments - 6 silver bananas - Apr 6 2014 - 5:00pm -

  57. Proprietary trading

          Prop Traders are on of the Highest Paid people on Wall Street. Any Prop traders here? How do i become one? Average salary of a Prop Trader? breaking into wall street trading compensation prop trading ...

    4 comments - 0 silver bananas - Dec 27 2015 - 7:39pm -

  58. Institutional Equity Sales and Trading- Elaboration?

          Could some people please elaborate on what Institutional Equity Sales and trading is? To my knowledge a simplified explanation is that they execute large orders for mutual funds, hedge funds, and other big clients to make sure the mar ...

    145 comments - 0 silver bananas - Apr 22 2016 - 3:30am -

  59. S&T 2014 US SA Interviews

          Since there is something similar for investment banking, I was wondering if there are updates for S&T summer internship programs through the regular process for the US? Has anyone heard back from anywhere for first round interview ...

    32 comments - 1 silver bananas - Dec 19 2013 - 6:29pm -

  60. What to do with my 80k trust fund?

          In September I turn 21 and I gain access to a trust fund with 80k. I was wondering if anybody had any good suggestions on how to go about investing it?? Right now I plan on trading equities and options. My strategy will be selling nak ...

    6 comments - 0 silver bananas - Jul 25 2015 - 8:14pm -

  61. Trading Without a Net: Why I Don't Use Stops on Options Trades

    mod (Andy) note: "Blast from the past- Best of Eddie"- This one is originally from September 2010. If there's an old post from Eddie you'd like to see up again shoot me a message. I've received a few messages from you guys about m ...

    29 comments - 3 silver bananas - Mar 23 2013 - 8:45am -

  62. The decline of Chicago prop trading

          It's sad to see how far Chicago prop trading has declined in recent years. Not too long ago, I envied my classmates and friends who were working at the top Chicago prop shops and making more money than me, while dealing with less ...

    111 comments - 0 silver bananas - Jul 27 2013 - 12:36am -

  63. Learn R for Free

    It never hurts to increase your skill set, especially in this economy. And when you can do that for free, so much the better. And when you can learn something for free that is in demand all over Wall Street, well that's just the icing on the cake. So ...

    47 comments - 3 silver bananas - Dec 6 2012 - 7:24am -

  64. Trading- Internships/Graduate programs- UK

          My own major concern is how to show my analytical and quantitative ability in the Work Experience section. If others could offer constructive criticism that would be great! Thanks resume trading graduate intern ...

    5 comments - 0 silver bananas - Sep 27 2015 - 9:11pm -

  65. Trillium Trading- Average trader salary?

          I have an interview at Trillium coming up. Does anyone know what kind of questions to expect? Does anyone know how much the average trader makes (including bonus, I understand everyone is paid $25k salary) as both a first year and the ...

    75 comments - 0 silver bananas - Apr 24 2016 - 6:05am -

  66. Goldman or Bust?

    Over the past week I have been getting a flood of pm's/emails asking for advice, and I have chatted with some of you over Skype as well in prep for interviews, and one theme keeps coming up that really boggles my mind and in a way really annoys me. T ...

    97 comments - 2 silver bananas - Jul 4 2013 - 3:45pm -

  67. Ask Me Anything: I'm a Currency Volatility Trader

    I work as a currency volatility trader and manage one of the bigger G10 blocs in London. I've been lucky enough to get responsibility early in my career. I started off managing a single currency book a few months into the job, and have steadily been ...

    91 comments - 10 silver bananas - May 24 2013 - 5:45am -

  68. Street Freak: A Monkey's Review

    "No one else is willing to work the hours I'll work. I will do whatever it takes. I am INSANE."- one of Jared Dillian's interview responses If you were fortunate enough to catch Jared Dillian's keynote speech at WSOCon 2013, you&# ...

    14 comments - 1 silver bananas - Oct 1 2013 - 12:45pm -

  69. Would You Do This If You Didn't Have To?

    Andy note: "Blast from the past- Best of Eddie"- This one is originally from April 2010. If there's an old post from Eddie you'd like to see up again shoot me a message. I think some people are born to be investment bankers. I know som ...

    95 comments - 1 silver bananas - Jul 5 2012 - 8:50am -

  70. CFT by the IFTA (International Federation of Technical Analysts)

    Hello everyone, ...

    8 comments - 0 silver bananas - Mar 18 2015 - 1:56am -

  71. Cold Calling 101

    Whether you're trying to land a position, sell a product, or simply network with others, learning the art of selling should be a vital part of your learning in any profession. The most effective way to do all of the above is to learn the art of selli ...

    35 comments - 9 silver bananas - Nov 2 2012 - 10:45pm -

  72. Poker lessons.

    I think poker are alot like stocks, although I never traded with real $ I played in a cash game over the weekend, one of the shady underground poker places. I started off with round 150$, and I ran my stack up to 400+ ...

    15 comments - 0 silver bananas - Sep 10 2014 - 12:28pm -

  73. Want to be a Trader? 11 thoughts to get you started

    Mod Note: Lone Wolf is the newest addition to our contributing author team. He is an independent trader/consultant, and has held several different trading positions including floor trader, liability and proprietary trader as well as Head liability trader ...

    20 comments - 4 silver bananas - Mar 25 2013 - 11:05pm -

  74. Q&A with a Fixed Income Trader at a Major Bank

    mod note: this was originally posted on 9/4/12 I thought I'd switch things up a bit today. Rather than delve into a note-worthy news item or another Facebook discussion, I'd like to welcome everyone back from Labor Day Weekend with an awesome in ...

    26 comments - 12 silver bananas - Dec 16 2012 - 1:46pm -

  75. Portfolio/Program Trading

          Had a phone interview for an equity portfolio/program trading role. Sounded to me like a really interesting and exciting job. I'm weighing it against a couple other positions. Was wondering if anyone had any experience on one of ...

    4 comments - 0 silver bananas - Nov 5 2015 - 1:20pm -

  76. How difficult is it to move to S&T from IBD?

    Fellow monkeys, Some background: Senior at a target (HYPSW). Recently signed with a BB for IBD FT. Did IBD SA this summer and ER SA at a different BB the summer before that. However, I'm seriously rethinking IBD and was wondering if it would be possi ...

    11 comments - 0 silver bananas - Nov 11 2014 - 8:22am -

  77. Are Women Better Traders Than Men?

    The trading fiasco at JPMorgan Chase has triggered countless articles on regulation, risk, and strategy. Gary Belsky over at Time is taking a different approach. The recent resignation of female JPM executive Ina Drew prompted Belsky to write this article ...

    53 comments - 1 silver bananas - May 16 2012 - 7:25am -

  78. Physical Trading: Crude vs LPG

          For the pros out there. What is your take on crude marketing / trading vs LPG marketing / trading? What would you say is the future of both and which one has more growth potential. What is the relative attractiveness and is one more l ...

    6 comments - 0 silver bananas - May 21 2015 - 9:09am -

  79. The Latest Lehman Brouhaha

    Four years after their spectacular demise, Lehman Brothers is still causing problems for Wall Street. The latest bombshell hit on Friday when a compensation report required by the bankruptcy court disclosed that Lehman paid out almost $700 million in comp ...

    51 comments - 0 silver bananas - Apr 30 2012 - 7:32am -

  80. Could a solid, but not top MFE program help me break into trading at a bank/hedge fund?

    I posted a similar question in the Business School Barrage, but so far no answer. I got into UCLA's MFE program and I'm hoping to leverage the opportunity to get an entry level position at a bank or hedge fund in trading. I have been working at ...

    16 comments - 0 silver bananas - Jul 7 2014 - 5:55pm -

  81. Chicago vs. New York

    Just wondering what those of you in the industry have to say about the two when it comes to trading or S&T. In the last few months, I've been struggling to break into the industry, and it's been a real challenge to stay motivated. More or le ...

    13 comments - 0 silver bananas - Aug 16 2014 - 4:10pm -

  82. Do people make mega money at places like Optiver / Virtu / IMC?

    I remember reading about how an IBD salary isn't going to make you rich without lots and lots of hours. I also saw that Anton Kreil youtube presentation where he talks about salaries in S&T, and they aren't gigantic. I assume that, if lots o ...

    9 comments - 0 silver bananas - Dec 10 2014 - 6:52pm -

  83. Execution traders

    Hello everyone, I was hoping that someone in the industry or with more knowledge about it that I, could discuss the role of execution traders. Would it be a good position to take out of college at a hedge fund? I am interested in pursuing a position I wil ...

    49 comments - 0 silver bananas - Mar 18 2013 - 7:10am -

  84. Trading 101- How should I position this?

    Hi there IB fellas, prospective monkeys or I would rather call fat fellas. A little help is needed here from a blue collar dude aka borderline OWS junkie. I would have joined them were it not for my libertarian principles. Anyways back to the topic 101. I ...

    15 comments - 0 silver bananas - Apr 24 2016 - 6:45am -

  85. Best Paper Money / Trade Simulator Platform

          Does anyone have any advice on the best paper money / trading simulator. Our investment team has not yet been funded, so we still trade "pretend" money. We have been using TD Ameritrade's ThinkOrSwim platform, but it of ...

    7 comments - 0 silver bananas - Feb 27 2015 - 5:08pm -

  86. pitch for currencies

          Hi @ all, I need to know how to create a pitch for a currency-pair just like Eur/Usd. How should I connect such a pitch with models from my economics class? Has anybody an instruction for me? Thanks for help. Raptor. currencies tradin ...

    6 comments - 0 silver bananas - Apr 25 2015 - 1:10pm -

  87. Update: Sold ORCL, Bought MWW, Sold MWW Calls

    Time for another disclosure post. I made the following moves in my trading account on Friday for anyone who is keeping score: Sold ORCL at $32.14- Wishing I hadn't done this now. ORCL is really strong and I still think it goes to $35 pretty quickly. ...

    22 comments - 1 silver bananas - Sep 18 2012 - 7:45am -

  88. To current traders- Would you go into trading now?

          Im going to be in college soon as a Finance major. I had my hopes of trying to break into trading upon graduation but after reading more and more about it, it seems like it isnt the place to be anymore. To anyone who is trading now, i ...

    27 comments - 0 silver bananas - Jan 19 2014 - 5:28am -

  89. Ask Me Anything- Current Prop Trader/Advice for people wanting to make it/Breaking in

    So I wanted to give some people hope. I will keep my firm names anonymous, but I want to give people help. I am just going to have some random points, and want people to ask anything or even state if you disagree so we can get a nice discussion going. My ...

    17 comments - 2 silver bananas - Apr 26 2014 - 8:17pm -

  90. Is VIX the Play for 2013?

    I remember the summer of 1998 when crude oil was putting in new lows almost daily. At one point it went below $12 a barrel, which is roughly what it cost at the time to pull it out of the ground. Think about that for a minute: for a brief time oil was wor ...

    15 comments - 1 silver bananas - Feb 5 2013 - 7:19am -

  91. How to break into trading?- High quant background?

          Heya, So what different backgrounds do you need? For example, if you want to trade fixed income securities or options, don't you need some type of mathematical background? (In that case, is an MFE a good choice?) Whereas equities ...

    23 comments - 0 silver bananas - Apr 21 2016 - 9:09pm -

  92. How exactly traders “provide liquidity” in the markets

    I am reading "How the Trading Floor Really Works" by Terri Duhon and my question is in regards to the trading that goes on between a bank and their clients. According to the text, when a client of the bank (fund manager or whatever) wants to sel ...

    9 comments - 0 silver bananas - Oct 31 2014 - 4:03pm -

  93. Penn (CAS) vs. Georgetown (McDonough School of Business) for undergraduate

          This is my first post on WSO, so I apologize for any naivete. I am currently a senior in high school and have just received my final admissions decisions. Out of the schools that I have been accepted into, I am deciding between Penn ( ...

    6 comments - 0 silver bananas - Apr 1 2015 - 12:56am -

  94. Ask Me Anything: BB Equity Derivatives Trader

          So since most interns are about to start their summer programs or are in the first couple of weeks, I thought I would open a forum for anyone to ask their any questions/worries they might have. I can only reply in the context of tradi ...

    22 comments - 2 silver bananas - Jun 24 2013 - 4:45pm -

  95. Power and Gas Trading (Switch from Financial to Physical)

          I'm currently working at a small hedge fund that does natural gas options market making- have been in the industry for about 2 years now as an assistant trader and did a little trading here and there (quote stuff electronically a ...

    12 comments - 0 silver bananas - Jul 17 2014 - 10:43am -

  96. Trader/MBA question

          trading ...

    5 comments - 0 silver bananas - Sep 16 2015 - 12:17pm -

  97. Trading Assistant Excel Skills?

    Just wondering what those of you who've had this type of position have needed the most when it comes to Excel. I have basic skills, but nothing more. However, I can teach myself things pretty quickly. Have made a few contacts in this area and have a ...

    15 comments - 0 silver bananas - Apr 30 2014 - 9:52pm -

  98. What's Going on with this Crazy Market?!

          The massive rally of the stock market since March 2009 has been perplexing for many, but the state of confusion has reached new heights as the stock market has surged another +2.0% in May, surpassing the Dow 15,000 index milestone and ...

    18 comments - 0 silver bananas - Aug 12 2013 - 5:45am -

  99. How important are skills such as financial modelling and valuation for hedge funds?

          I am a sophomore with no finance work experience whatsoever and looking to land my first trading internship at a bank/hedge fund but my resume seems far too mediocre. I do have some work experience but for non-finance related fields t ...

    7 comments - 0 silver bananas - Jan 18 2015 - 11:06am -

  100. Would You Hire This Person?

    You're sitting in the head trader's chair after the markets close, looking through resumes for the next (newest) member of your desk. The candidates all look good to you: excellent experience with strong track records, good stories about their d ...

    60 comments - 0 silver bananas - Aug 11 2011 - 8:15am -

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