I found a website called Trading Economics that's probably the next best thing to Bloomberg and Capital IQ with real-time financial market data movements and economic indicators. It has information on stock markets, exchange rates, fixed income, and commodities that you can export to Excel.... FOR FREE
Here's the link: http://tradingeconomics.com/
just went on the link.. its only a free trial. am i missing something?
lol nvm you gotta pay for the trial as well.
I would advise not to sign up for the 99 USD 1-week trial. I signed up for this trial but I did not received access to their website nor did I received confirmation of purchase. In the meanwhile the trial fee of USD 99 and the monthly fees are charged from the credit card.
how do i pull up that screenshot lol?
Whitepaper: The Economics of Commodity Trading Firms (Originally Posted: 04/26/2014)
Good whitepaper on commodity shops by Craig Pirrong (streetwise professor blog) and sponsored by Trafi.
http://www.trafigura.com/site-information/corporate-brochure/trafigura-…
thanks, i read an article regarding this couple days back, and was searching for the paper.
Thank you for the useful article! Very informative!
Economics of Trading (Originally Posted: 08/06/2009)
Is an undergraduate economics degree from a good college/univ. good preparation for a career in trading (prop trading, hedge fund trader, NOT a quant or anything similar)?
I ask this because although many economics degrees are somewhat math intensive, they obviously are not as math intensive as say, an engineering or physics degree, unless of course you double majored in math/econ or a combined mathematical economics degree, but that's not what I'm asking about. I'm asking about just a regular old economics degree, (spanning multivariate calc, introductory probability and statistics, and linear algebra, but nothing beyond). This makes me wonder if physics, and pure math majors for example would be favored for trading roles since they would most likely have a bit more mathematical familiarity.
This is all based on my presupposition that traders are good with numbers, not necessarily quantitative geniuses, but good with numbers nonetheless.
That being said I would think the exception to this rule would be for positions at global macro funds or FX desks? (Although I try to educate myself as much as possible I'm somewhat ignorant as to hiring processes and actual job functions at this point, hence me being an undergrad).
Any input/advice is greatly appreciated, Thanks
The rigor of an undergrad econ degree is what you make of it. If you have multivariable and linear algebra then you're in good shape- probably best to have some exposure to calculus based probability too- i.e. probability density functions. You won't need measure theory like the Borel-Cantelli lemmas or anything at that level.
Trading really runs the gamut. I've seen a lot of jocks who played college lacrosse or football- usually on cash desks. For derivatives, having a math or engineering background is quite standard, but the work is less technical than you would think. Most likely the quants develop the model and the trader enters in inputs and then makes adjustments based on intuition. Quick and accurate mental math is probably the most useful skill. In terms of coursework, an intro class in VBA or C++ would be really helpful so you can implement equations in code and create more powerful spreadsheets.
I'm glad to hear this, thanks for the quality response. Not that I'm bad with, nor do I dislike math, but economics is my true passion, and now I can pursue it knowing that it won't create any barriers to my goals having foregone the alternative routes.
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