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Probability of stock price in a month calc
What's the best way using only market implied data (options vol / pricing / etc) to calc the probability of say Apple stock price hitting a price of X in say 1 month? Thanks!
Goldman Sachs Has First Perfect Quarter With Zero Trading Loss
http://preview.bloomberg.com/news/2010-05-10/gold…- trading -losses.html Goldman traders made money EVERY SINGLE DAY of the first quarter, something that GS has never done before. Some people are saying that GS might have an unfair advantage in the markets, but GS affirms that the success in the...
Houston trading offices
Goldman is going to be opening a physical commodities trading office in Houston. The office will trade crude, refined products, natural gas liquids and coal. I was wondering what other BB's have physical trading offices in Houston. If it isn't many, will others follow in Goldman's footsteps and...
Iron Man 2: Two Thumbs Up; Dow Jones: Not So Much
I can't leave you guys alone for five minutes . I ducked out during market hours yesterday to catch a private screening of Iron Man 2, hoping to come back and let you know whether or not it's worth seeing (short answer: see it). When I got back I found that I missed all the real explosions, like the...
moving from BB rates trading to hedge fund
I'm currently a rates market maker / prop trader at one of the large BB shops. For a few reasons, I'm considering one of the following 3 options 1) moving to a full prop shop (like First New York, Jane Street, SIG or breakwater ) 2) taking a job at a hedge fund like Moore, Brevan, Paulson,...
Prep suggestions for FT market making position in Sept.?
I will be starting full-time at a prop shop who focuses on market making where I would be on the trading side (not algo/quant/development-side), and have no formal background in finance but have read up on the technical basics of derivatives trading, etc. in addition to my personal interest in the...
Options Trading Simulator
A while back I mentioned that I would create a very simple options trading simulator and I finally got around to it (well i kind of only extended one I built during uni). This excel options trading simulator is not designed to get you better at reading markets or reading the tape, but instead it is...
Need career advice / decision help.
Hey Everyone - long time reader here. Quick background on me. CUNY, 3.1 GPA, Econ Major, studying for gmat , been working in Compliance at Top BB , doing AML/Risk related analysis/investigations/trade surveillence. Prop traded previously for 6 months at no name garbage shop, have 3 years market...
InterUniversity Trading Competitions
Was just curious to go ahead and compile a list of the interuniversity trading competitions that exist so that interested students could have a chance of researching the competitions and applying for their school... and hopefully we can get some 'resources' stickied. *Side note : Created a topic...
approximate experienced trader comp?
could anyone report on average total comp figures (salary, bonus, etc.) for an experienced trader at a BB (let's say an ED with 10 years experience). Obviously this will vary widely but if anyone has any specific knowledge given a product, or any estimates, please share. thanks all.
Lateral into trading
Any opinions out there on how to find opportunities because it seems like its not as publicized as banking.
S&T blog Monkeys should know about
Found this blog quite a long time ago and its got quite a lot of good stuff. It was written by some quant/prop trader at a bank. getonthedesk.blogspot.com Enjoy
MBA graduate, trading from 16 months, what next??
Hii I have completed MBA-Financial studies from University of Glasgow in 2009. I tried for some jobs,could not be success in those days, due to recession. then, I thought of trading in financial market, & have been trading from Jan 2010 in financial market, gained some significant level of technical...
The Great Escape
Before everyone gets all bent out of shape, hear me out, I think this is a legitimate topic. What will it take to drive people out of America, and yes, for that matter, England? When will the brightest of the bright, no longer able to make money in IBanking, Medicine, or Law exodus the high tax,...
trading desk compensation ranking
I've heard that general comp levels at trading desks vary widely by the product, i.e. cash equity is the least compensated, whereas credit derivatives has been the highest paid group at most BBs , and of course there is a range in between. Would anyone be able to put together an approximate ranking...
Best NYC firms?
Hello guys I had a question. What are some good NYC prop or just trading in general for beginners. I'm far from a beginner since ive been trading on my own for 7 years. I'm looking for a firm that pays a bit base salary 35-50, doesn't require a BA. I have a fairly extensive resume. Also, is a Series...
Internship Advice - Internship offer at a BB
This is sort of a vent/advice seeking post. So I just got an internship offer at a BB here in Sao Paulo in trading. Interviewing process consisted of 3 tests: math, logic and english + 2 interviews, one with HR and the other with a trader. First interview was fine, and the second one was really...
anything besides excel
do traders use anything else besides excel? wouldn't access be more of use given how much information is out there and how big a database could get?
What's the best thing you have ever heard in an interview?
We always talk about the negatives around here. (Things such as guys acting like tools in interviews or people like Jefferey Chang) So I want to know, what are some things that have really stood out when you interviewed someone. Was it a story, a joke, an inspirational thing, an explanation of...
Proprietary Trading at Investment Banks
Hi all, I was recently explained to the breakdown of all the divisions of the BB investment bank I'm interning at this summer and something I have been particularly curious about is proprietary trading , where exactly you find them in an investment bank (which divisions), and what exactly they do in...
BB Compensation question
Used search function and can't find a clear answer to this: How does compensation work for trading on a commission based desk (example sales-trading desk) at bulge bracket banks ? I am assuming the compensation report for trading refers more to market makers. Is it just a cut of whatever commissions...
How to get good at Microsoft Office
Hey guys, So I have an interview coming up in about a week and apparently I am going to be grilled hard on excel, power point and word. I have above basic knowledge about all these platforms through my uses of them in college and such but I want to get better and be more advanced in all three. So my...
Market Share (%) - Banks 2011
This is where you should be working, bank by bank, market by market 4 April 2011 Sarah Butcher If you aspire to work for a bank that’s the global market leader in your product area, but for some reason are ignorant as to which bank that is, we have the answers. Derived from figures from analysts...
Does anyone have these books?
Hey guys, I'm trying to read these books and I can't find them at my library. Would anyone happen to have pdfs or a link? If so please PM me. Thanks Books: ---------------------------- Diary of a Commodities Trader Beyond Greed and Fear Trade your Way to Financial Freedom Trading in the Zone Chicago...
UBS FX or GS Eq.
analyst s&t position from target school, have the choice between UBS fx derivatives and goldman equity derivatives. need advice on which to choose. pro goldman is obvious, it's the best BB . also UBS is in stamford (though they are moving?) pro UBS is that regardless of the bad news, it's great in...
Project Management - What types of projects
Hey guys, are there any project managers in finance? If so, what do they do exactly? What type of projects, etc?
Huge Uptick in Options Trading
Every now and then I see an absurd tick on an option. By way of example, a few weeks ago I saw a Citi option that was trading around 30 cents transact for $1.50. Similarly today I saw another option (I think NBG) that traded on a similar magnitude... actual range of something like 40 cents and the...
Energy in Calgary
Row call! Who here is in Calgary (and more broadly Canada)? I work in business development for a midstream / marketing company. Been at it for just over 3 years now. It's been a great experience with lots of exposure and responsibility (crude oil and ngl/lpg). Been thinking about long term...
Why are most prop firms market makers?
Why do most of the good prop firms have substantial market making operations while almost no hedge funds pursue this strategy? I can't think of any hedge fund besides Citadel that makes markets, while prop shops like Getco , SIG, Jane Street and CTC , are all based around it.
Languages Major - Recommended Trading Prep
Hello everyone, Whilst I realise that there's probably 300 threads about this subject somewhere in the depths of WSO , I couldn't find any having used the search function. While there's a load of threads about general S&T prep, what I was wondering was the general level of technical knowledge...
Trading Styles?
I'm reading the Market Wizards and I came to the part where one of the interviewees mentions that certain trading styles fit certain personalities. Do you know of any resources (book or web) that discuss multiple styles?
prop trading or something else finance stock market related?
I want to be a prop trader or do something else in finance... im working towards a finance degree... im a freshman right now.. Should I A.) hike the appalachian trail next year and take a semester off of school or B.) save money and trade?? Resume wise, what would look better? i mean i have my whole...
JPM - 2011E / 2012E Detailed Revenue IB Split (FICC, Eq)
I remember Citi posted a report on the banks overall expected performance (specifically in FICC) a while back. I believe this report by JPM gives a much more updated and detailed understanding into the expected performance of all the major banks in 2011 and 2012. Link: https:// mm . JPMorgan...
Internship in Sales for Str. Products
Hi, I graduated in Economics, currently Master student and looking for an Internship in Sales (structural products). I have an M&A Background but I have to say corporate finance and Accounting stuff is not what I am looking for. I have an Interview on Wednesday at a boutique and try to prepare...
Do prop trading positions still exist?
I remember about a year ago on this site people told me to find a company that would give me a certain sum of money and I would be paid based on how much I made for the company. Do these positions still exist and would they actually give a young person in college money?
First New York- Questions
Have already browsed search function and had a few additional questions about First New York. Would love if any of you could give me more info/confirm what I've heard as some info on site seems dated. 1. How many assistant traders per class/how many of those get promoted to trader? 2. During the...
Does Prop Trading Always Involve Day Trading?
I always liked the idea of receiving performance based pay and prop trading allows for newly minted college graduate to rise through the ranks very quickly if they produce results. However, I've always considered myself more of an investor, than a trader and usually hold onto my stock picks for at...
How to chart bollinger bands
Hey guys, I need help with the above. how do I do it manually (day by day for 21 consecutive days)? Thanks
Really? No Glencore IPO Thread?
I guess Linked In took the stage today with their ridiculous valuation, but today Glencore started their offerings. http://www.reuters.com/article/2011/05/19/us-glen…
The next step..
Hi monkeys, I'm in need of a bit of advice. Text wall of background:
SPOTLIGHT: Trader's Train Rules and FAQs
The goal of Wall Street Oasis’ Trader's Train is to give our users the best possible snapshot of life in sales & trading , from internships and recruiting to compensation and career progression. Working towards that goal, we’ve created a Frequently Asked Questions page for Wall Street in...
Time to short Baidu?
Am I the only one seeing a bubble in BIDU shares? It's ok that Google may pull out of China, but maybe they won't... and even if they do, there are more competitors for Baidu in there. For the time being, all this controversy has resulted in Google becoming the number 1 search engine in China for...
community college student... transfer... trading/analyst position??
So my plan, thus far, is working. I am planning on transferring to a decent university. Something like top 50-100, but not a target or really even a semi-target school. Now this is really just the beginning of my education. Eventually, I plan on getting a masters in finance from a better school. My...
Trading with a commodity MNC or BB?
new here, would very much appreciate your advice and wisdom. having interned with both a BB and a commodity MNC previously, i'm inclined to joining the latter (one in the likes of bunge, cargill, vitol etc). though i am interested in commodities, there is no real specific preference on the asset...
"Summer Analyst?"
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Gold Trader Arranged Wife's Murder
http://latimesblogs.latimes.com/lanow/2011/05/man… You all dreamed it. This guy did it.
Not sure if want?
Hey Guys, first time posting... I'm a student at a HYP. Had some experience in S&T and on the buy side as well. I was wondering if you guys had sort of an "ah ha!" moment in your trading career where things kind of caught on and you really started to get interested, or if it was more of a gradual...
PA restrictions at BB: what exactly does it mean?
Hi all, Long time lurker here, I have been offered an S&T gig at a top shop (that alone could be the material for a WSO "success story" post). The thing is, one reason why they hired me is that I built a somewhat successful trading robot, which they found impressive. By successful I mean that it...
For pay trading programs
Ok I am looking to see if there are any worthwhile FOR PAY summer equity training programs. I see places like SMB have 7 or 8 week inhouse programs for 8k, but I see little discussion on the quality of these. I am not looking for a job oppurtunity as I am going into grad school next year. The cost...
Jane Street vs. DE Shaw
Jane St. & D. E. Shaw - who do you go with for ENTRY LEVEL TRADING? Compare and contrast: Learning Curve: Jane St has an awesome training program, DE Shaw doesn 't provide as much training but has a steep learning curve Compensation: Jane St. trader entry level $60k+bonus ($60k) vs. DE Shaw ~$110k...
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