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+12
AMA: Structured Rates desk

StructuredMonkey

Hello fellow monkeys, Happy to answer any questions about working on a Structured Rates desk of a Canadian bank. Cheers.

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+10
What do S&T people actually do?

shortthetvix

I've done reading to try to figure out what <abbr title="Sales and Trading">S&T</abbr> actually is, but then someone I know just said its not sales people talking to the client and then sending that info to the trader? Traders make money off of spreads from trades,...

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+7
Deutsche Bank Cutting 18,000 jobs!!!!

isa2130953

I hop on Linkedin this morning to see [quote] Following “years of decline,” Deutsche Bank says it’s closing its equities business, as well as cutting 18,000 global jobs by 2022. In its attempt to restructure and boost profitability, the German lender announced that it would lose...

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WSO Hall of Fame: Trading Forum

WallStreetOasis.com

The Wall Street Oasis Trading Hall of Fame provides a comprehensive collection of some of WSO's best discussions on the trading industry. Keep in mind this Hall of Fame does not include Q&A sessions by WSO veterans. To view a full list of Q&A’s & Interviews please navigate here. If you th...

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+2
Can you save money your first year out of undergrad as a Trading Analyst? What are the best opportunities to pursue?

Spike Spiegel

I understand that commission rates have fallen substantially over the past 15-20 years considerably, and prop. trading has fallen off significantly at investment banks because commissions are supposed to be used as collateral. Is it possible for 1st year trading analysts at Investment Banks to save ...

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+3
Starting a Fund of Exchange Traded Fund

jmm07e

Good day, Alright so I'm not saying this is going to happen, and I don't know if this is the right place to post this. But Reddit just made fun of me, so here I am. I was thinking about starting an fund made of ETFs. The investment thesis is simple. It starts with every country in the world. I...

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What goes into a commodity trade?

Invert12

What goes into both a physical and purely financial trade of commodities? i.e. what do you have to consider when deciding to make a trade in natural gas?...

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+1
Python vs C++

GoldenPear

I have an impression that Python becomes the language everyone demands. 10 years ago I think C++ was the king! So in today's world, if I were to take my coding to another level, what language should I work on?...

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+5
Sales and Fading ?

JohnGutfreund

Hello WSO Community, I had a coffee chat with an IB analyst yesterday and we started talking about the S+T industry. He said that it’s not what it used to be and I agree I am sure it is very different then the glory days of high commission and pre financial crash prosperity in the markets. He wa...

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+12
AMA: Structured Rates desk

StructuredMonkey

Hello fellow monkeys, Happy to answer any questions about working on a Structured Rates desk of a Canadian bank. Cheers....

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+3
Why is Bitcoin so volatile?

alienronaldo

So another hack happened (surprise surprise), and this time they stole 120000 units of bitcoin from Bitfinex, a Hong Kong based bitcoin exchange. The overall value of that amount? Around $77M. The result? Bitcoin's value dropped 20% to around $480 per bitcoin. It did rebound to $550, and is looking ...

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Anyone know anything about Tibra Capital?

notreallymyname

Was browsing different listed proprietary trading shops and found these guys. Does anyone know how good they are?...

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HP ExpertONE HPE2-CP02 exam dumps

cb76gtrve

Want to pass HP ExpertONE HPE2-CP02 exam in your first attempt? Then support your learning and preparation with Braindumps4IT HPE2-CP02 dumps Questions Answers. Your HPE2-CP02 HP - Implementing SAP HANA Solutions exam success is guaranteed with our 100% money back guarantee. Braindumps4IT has all up...

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Heard on the street pdf

ffffml

A lot of people have messaged me asking for the pdf of heard on the street. When I prepared for trading interviews, pretty much all of the questions came from that book. I've attached the pdf to this post. It should be attached to this post...

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+1
How much are you able to generate in terms of annual PnL?

annabelle.p

I got an interview with of the head of the Derivative Sales from an investment bank: how much do you think you can generate in terms of annual PnL? Could you please give me insights how I can respond to this question?...

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Switching asset classes

Lester Diamond

I've searched this a little, but didn't get the answers I was looking for. I'd like to work on a new desk and wanted some advice on how to get there. I currently work in equities (a niche kind luckily, we haven't been getting killed relative to broader equities mkt). I've become more and more inte...

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Stock Quint- A new launch

Stock-Quint

Stock Quint is one of the trusted names in the arena of financial services. We provide our customers and investors with the stock market services and the entire panorama of advisory services at one place. We are an organization giving the latest research...

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Credit Sales Opportunity - pre interview preparation

SM1689

WSOT, I’ve been shortlisted for a credit sales opportunity in Asia with a key focus on Aus clients. Best pre interview advice? What type of questions should I expect, and what should I be covering? It’s a small team, who are looking to grow the desk by targeting real money pension funds in Aus. ...

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Is there a difference between procurement and merchandising? (PHYSICAL TRADING QUESTION)

HotDuck

What are the differences between procurement and merchandising? I understand that merchants serve as middlemen in the global distribution of goods, while procurement sources materials for manufacturing, but are they more similar than they are different? Do people with procurement history transitio...

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AMA: I'm a Dry Bulk Physical Trader

UnfinishedSentenc

I'm a Physical Trader in the Asia region and look after a combined book of +1Mt for origination and sales of dry-bulk commodities. My background has been in some way or form of international trade, with 6+ years in operations before getting into a trading gig. I trade majority of dry bulk raw materi...

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What are the most interesting trades/investment theses you've Seen?

TheRoadLessTaken

There have been many legendary trades/investment plays that have transpired over the decades. Paulson's short of subprime mtgs., Bacon's bet on the Kuwait invasion, Chano's short, etc. These were simple trades, but not EASY trades because of the amount of research and capital investment that was put...

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Is the Institute of Trading and Portfolio Management for real?

Spike Spiegel

Seems to make sense how the founders have talked about the prop trading ban/Volcker rule at major banks killing the upside to being a trader at an Investment bank. Is the 3k price tag reasonable? I can't find the track records of any of the traders who run the program at all. It seems like a too goo...

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As vague as it sounds, how do I "get good" at this job...? *details below*

oelralfrich

So, I'm in a little bit of a bind at the moment. After the long, non-linear 6 years it took me to complete undergrad due to switching majors halfway through (from business to math&econ) and delaying my graduation twice to get the front office summer analyst gig I needed if I wanted a chance at full ...

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PetChem Trading?

GoodBread

Might be a bit niche but does anyone here know much about the petchem trading industry? Like who the main players for BTX aromatics and methanol/ammonia? I can gather that on the ammonia side Trammo and Ameropa are big, and that Methanex is the world's largest methanol producer/distributor, but apar...

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+1
Resources for understanding options and related strategies

caeq

I'm looking for a resource that's cheaper (and maybe shorter) than Hull to more intuitively understand options, greeks, etc. I've read a lot of websites but though I can follow the math I'm not "getting it". I'm coming from a fundamental analysis background. ...

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Self-learning and research after work hours for Market Makers/Traders

ridersonthestorm

I start working on a vol desk at a BB this year and was wondering how much time the traders here spent in their early years doing research/self-learning over the weekends/after work ? While I understand the work-hours as a sell-side trader, how much effort they put into what they do after work hou...

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Major for S&T/PT/HF

nontargetfinance

Should I double major in Economics and Finance with a Math minor. Or should I just double major in Economics and Mathematics?...

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F-1/OPT SA 2020 Sponsorship

yyzmdw

Does anyone have a good idea of which firms are/are not accepting F-1 students for summer 2020 roles in sales and trading?...

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Trading Vol in an IB - what are the good resources for Rates, Credit, FX, Equities? Market-makers' help greatly appreciated

ForTheDream

Hi guys, I'm a junior market maker at a US bank working on a desk close to the vol desk in my asset class. I am very passionate about the Vol side and I have created this thread hoping that it will become a primer about the different resources people should use to learn about vol in different asset ...

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+1
Goldman Sachs Latino Summit 2019

Bingrin2122

Anybody knows the timeline? I recently sent in my hirvue for the program and wanted to see if anyone else has any idea of how this is gonna work. My contacts at GS aren't too knowledgeable about this cause its a fairly new event going into its second year. ...

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Demystify Stock IOI

senothocli

What is Equities stock IOI (Indication of Interest)? Type IOIA in Bloomberg. It is a way for brokers to advertise its block liquidity out. There are two types of IOI: 1) Market making IOI Broker Dealer (BD) think they have alpha on a stock, so they actively want risk even they don’t hold underly...

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+2
Discussing Internship Program over a Beer

Kevin-Alvarez

Long story short I have been networking through LinkedIn and today I was on a phone call with an alumni regarding a S&T internship at a bulge bracket bank in New York City. At first it caught be off guard because I was simply going to ask him questions regarding the bank and the program but he immed...

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+1
difference between final settlement price vs future price

arpitjjwala

Example :on 20th June, 2019, suppose trader A buys and trader B sells a futures contract that settles on the third Friday of September 2019. Then, on that date, A and B must perform — A agreeing to buy asset gold at dollar 100, and B agreeing to sell asset gold at dollar 100.(dollar 100 is future ...

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Which are the best university programs for anyone looking to get into Physical Commodities Trading?

amoghhlgr

I'm looking to take up a career in Commodities Trading, and I want to know about MBA or MS programs....

4
+1
Top MFe, worth delaying trading offers?

donkeykongkongo

Hi guys, I currently am a rising applied math senior at a semi-target (think Northwestern, Vanderbilt, ...). I am currently an algo electronic trading intern at one of the top "agency only" S&T desks. I will most likely get a return offer and recently received an offer from a prop shop (think Aku...

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+7
Deutsche Bank Cutting 18,000 jobs!!!!

isa2130953

I hop on Linkedin this morning to see [quote] Following “years of decline,” Deutsche Bank says it’s closing its equities business, as well as cutting 18,000 global jobs by 2022. In its attempt to restructure and boost profitability, the German lender announced that it would lose roughly $3.1...

15
+1
1st year Analyst at Deutsche Bank

RealSlimShady

Would DB rescind offers from an incoming class. I've just finished uni and have an offer to start in a few weeks in Global Markets in London. They are reported to be cutting thousands of jobs on Monday, even up to 50% of the investment bank I hear on the news, would incoming Analysts get the axe? ...

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What is a good size book to start?

RandomWalkTheory

What is a good size book that firms give junior traders? 500k? 1m? 5m? Also, whats a good payout ratio for a discretionary event-driven portfolio?...

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Trading Own Quant Strategy at Prop Shop

spencer.rs

Hello, This is a hypothetical at this point, but if one were to develop a trading strategy based upon research done in graduate school (Master's level), would he or she be able to trade this strategy at a proprietary trading shop? I watched a presentation from Tom Hutchinson from Belvedere Trading...

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Whats going on at Deutsche Bank, and how will incoming analysts be affected?

Curious DB Monkey

So... Incoming full-time analyst in the Equities group at DB. Didn't think this was going to happen when as a Sales and Trading Summer Analyst I accepted the full-time role as I didn't want to deal with recruitment again, but now I'm scared. Will I get fired after a month or two (or even before I ...

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+12
Best product to trade

Tomatofarm369

What's the best product to trade out of the following - LNG, crude oil, light distillate, middle distillate?...

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+1
Banknotes Trading?

McBird

Hey everyone, I'm currently interviewing for an analyst position on the banknotes trading desk at a BB – anyone know anything about this desk? From speaking to the interviewers, it'll mainly involve quoting and trading foreign banknotes/cash (based on a pre-determined schedule), and maintaining r...

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