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I did it ma! Hired at a Physical Commodity Merchant. Hyped.
2 years ago I read The King of Oil, as suggested by a WSO thread. From that day on, I told myself "I'm gonna f*cking do that." Fast forward to now. I'm a college senior and in June I start my career as a Trainee in the Oil Division of a Physical Commodity Merchant. It's like playing for the Yankees....
Are we screwed?
With respect to all the other posts I am unknowingly ripping off based on the mountains of clickbait articles and listicles that I read daily on the death of trading , the inevitable move to full automation of markets, compression algorithms, etc., it’s hard not to feel like demise is just around...
Trading trainee job offer
Hello, I just graduated with an undergraduate finance degree this May from a top to business school. I've had trouble finding a good job and I got an offer for as a graduate trading trainee for a broker-dealer firm in NYC . The firm has about 50-100 people. They execute equity trades on behalf of...
The PE career path
I'm trying to get a better gauge of the careers in and out of IB . While the 2 year stint in PE out of IB seems very lucrative/prestigious blah blah, it seems like most shops kick you out after 2 years and you're expected to go to bschool. Some questions surrounding this path: 1. What kind of shops...
Opportunity that you Killed
We are in the business of seizing opportunity both in a timely manner and in reasonable scale to generate Profits. What trade/Sale/Deal did you do that you regard as your best ever. I know that for one reason or another most details will not be included below but anything that shows hoe you crushed...
happy to discuss credit analysts/ traders
feel free to ask me questions as a credit trader at a macro fund. i love my job and have decent experience, for those looking to get in the industry, keep it professional and I may be happy to answer some questions. based out of london. keep it off pay and firms, and I am happy to share some...
Breaking into prop from media background
Hey guys I was curious to which prop firms hire seniors that aren't STEM or finance majors. I'm a media and communications major, but recently been losing interest in it after seeing the field to be too agenda ridden for my tastes witnessing it this election. I go to University of Washington which...
Regional DB offer vs NYC boutique firm for trading
Hi, so I got an offer from a regional office at DB and an offer from a really small boutique bank (their trading team is around 30 people) in NYC . Which one would you guys recommend...
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 the club, and I thought for sure I'd left my...
Buy Side Job
Hi all, I'm currently an execution trader for a boutique brokerage firm based in London, focusing on Event Driven. Have been in this role for about 3 years. Also a CFA Level III candidate for June '17. Very keen to make the switch to the buy side as either a trader/junior PM or junior analyst. Do...
FIX based Product
Hi, I myself have two trading product for High frequency trading .One for Market data connectivity and one for Order management system on FIX. I am looking for client who want this product . Please let me know how i can get those ? You can find me on google hftsolutionDotcom
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 prepare myself for a career in trading . Should I add on some programming, math, or...
Just learned I have a 1st round for a BP trading internship. It's tomorrow afternoon. What should I expect?
I have the WSO Technical & Behavioral Guides (albeit older copies). How would this interview differ from any other S&T 1st rounds? Is it any different because it' s for energy trading as opposed to general financial S&T? As a finance major as opposed to energy, business, and finance major (which is...
Personal Trading activity while in IBD
Hi all, This topic has been discussed in the past, albeit on an old thread from 2009 (what I could find) and only covered stocks on exchanges. I wanted to get the opinion of the current full time personnel in the Investment Banking and related fields, on whether similar rules (preclearing trades, 30...
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 several of our dimwitted brethren . ETF...
Sec Lending
Curious to know what the exit opps for sec lending are like and the career progression from anyone who has experience in the space or knows someone, etc. I'm considering a junior position on a buy side ($10bn+ AUM HF) desk . The work doesn't seem very analytical and its very flow-y. There isn't much...
Why investment banks with retail arms are better in Markets business
The question might be quite trivial, yet couldn't find a good explanation for that which wouldn't contain nothing but generic terms. So as we can see that investment banks which are supported by retail arms are more successful in their Markets businesses. From my understanding it's because they have...
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 Street" From the an insider's perspective, what does everything think...
Older S&T interns....how old is "too old" for summer S&T BB internships...30, 35, 40? 45?
as the title says...what is the oldest S&T intern at a BB ...or...what is the max age that a BB would consider for a S&T intern? Since most S&T desks primarily hire new S&T from their summer analyst & associate class....what is the max age for those summer SA positions?
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, skip this post. We had a discussion about the movie Margin...
Blackrock's Trading and Liquidity group
Hi all, I have been invited to interview for a ft position within BLK's trading and liquidity group. I was wondering if anyone had insight into this group, and if it was possible to work from this group into a PM role? Lastly, is this a truly trading role, or more of a trade support group? Thanks!
Low grades in accounting! Hurt IB chances?
I've just finished my finals for the summer semester at my college, and my gut feeling tells me my Financial accounting course won't go so well. I entered the final with an A, but might come out with a B+, which is equivalent to 80-84% (GPA 3.30) at my school (but my school is on a 4.33 scale). This...
Asset profitability?
I want to know, what would you say is the most profitable asset class for trading nowadays? I'm talking about trading them at a bank/proprietary trading firm, not as a self-employed. Also, which ones are dying? Which ones are raising? Some examples of asset classes: - Equities - Options -...
Carrington Capital Management
Fund started in 2003 by Bruce Rose of Salomon Brothers. Strategy focused on control-based investing in the US real estate, mortgage and fixed income markets. Known for their buyout of the leading mortgage originator New Century during the 07-08 crisis. Based in Old Greenwich, CT. Thoughts on the...
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 after Hurricane Katrina, and he'd been living on...
Sales & Trading - Commodities profile tags
I think I may have mentioned this before... but I think it would be awesome if there was a commodities designation under the Sales & Trading profile tag. Currently guys like myself and @EnergyHOU" are forced to put "other." Not a big deal but with the growing popularity of physicals and some banks...
Which interdealer broker do you prefer
On my 3rd week now as an SA on an ig credit trading desk, I was curious to see which inter brokers the traders of wso prefer and why
So confused about the sales and trading business as a whole
I'm a student entering my junior year at a target school in the US and am hoping to recruit for the investment bank. Right now, I have my eyes set on the investment banking/capital markets businesses, although I am still heavily researching these roles. However, I cant seem to find what on earth S&T...
Canadian ALM Trading Intern - Advice?
Hi, I'm currently interning on an ALM desk with one of the big five Canadian banks. My desk consists of traders managing a fixed income portfolio for liquidity management, BASEL III HQLA compliance, issuance, and cash management. I'd say there's a 60-40 split between focus on pnl and focus on the...
Insights wanted: LME metals Futures and Options trading
Hi all, I've just accepted an offer to start working as a junior LME metals futures and options trader. I've got some experience within S&T at bank through a summer internship and know a fair amount about futures/option. However, I was hoping for any insights into what it is like trading LME metals...
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 like to do an IB internship, and then IB full time. However, I am...
SA preferences
Any suggestions for what products to preference for my internship this summer? Choices are : SP, Rates, FX, Credit, EM, EQ Products
From real to fast money - Credit Portfolio Manager
Hi there, I'm a junior portfolio manager (straight out of school) at a tier 2 life insurance company in Europe. I'm managing roughly 1 Bn mainly in high beta credit. My goal as always been to join the HF industry but the job they offered me was quite nice regarding my level of experience. The former...
Seeking Alpha Markets Analyst Internship??
Hey Everyone! First off I'd like to thank everyone for their help in advance. I recently got accepted into the Seeking Alpha Markets Analyst position where I would assist in equity research and article publishing on analysis of various stocks. Now, I am here to ask all of you if this is a credible...
Get a job in a US trading firm
Hello, I would like to work for a US trading firm (investment bank or hedge fund) as a trader or quantitative analyst, but I am not american. What is the (best) way to get this kink of job ? I worked as market risk analyst on ird and fx derivatives and before this experience I was IT quantitative...
Trader to Hedge Fund with Harvard 2+2
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Can traders have their own personal portfolio too?
Hi all, I was wondering can traders working at investment bank/'hedge funds have their own personal portfolio too which they can trade on outside of work?
Which Desks are the best at Deutsche Bank London?
I recently managed to land myself a summer intenship in Deutsche Bank's Markets Division (S&T). I was wondering which desks are the best at the moment (in terms of prestige/deal flow). Just as a bit of context, at the moment the security I know the most about is equities, and I'm not extremely...
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 becomes one of the S&P 500, etc.. Ideally, I would like to be able to...
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 the country, including some a Ivy League schools and have worked in...
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 classes due to my work experience but not the best student overall. Would...
Corporate Sales vs Investor Sales
Hi Monkeys Is Corporate Sales more preferred than Investor Sales, vice versa or both are pretty much equal wrt to exit opps, comp, etc? Thanks so much.
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 true across most of the BB's as a core function? or is it more adhoc? Did...
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 money has definitely decreased, but it seems to me sell-side banks always...
Need career advice badly please help
I am going into my senior year and getting worried about next year. My deam is investment or corporate banking or sales and trading . Unfortunately due to my 3.3gpa from a non target I'm not sure any of these are possible. I have worked in wealth management for 3 years and am finra licensed. I'm...
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 a low-level back office job and eventually move my way up and...
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. scraping online news feeds, different metrics for monitoring risk)?
Big 4 or trading / Hedge fund if I want to end up in IB?
Big 4 or a trading firm if I want to end up in IB? I am comparing my job offers. Btw I am a software developer so, on track to be a Quant but am thinking about going back to school (top 15 B- school, ideally Harvard) for MBA in Finance and switching to investment banking. Also I have a Masters in...
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 my time correctly. I read a lot of books on finance and trading , i...
How do you trade a moving average?
I'm trying to learn more about trading and so I started by trying to trade using a simple SPY 200SMA rule. If SPY > 200SMA, go long, otherwise go to cash. Lot of research papers have talked about this, but implementing it is pretty hard. I tried using stops but my stops (both on the up move and down...
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