Silver BananaTopicReplies
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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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Losing Money on a Trade - Seeking Advice

mswoonc

Well to start off, this is embarrassing. So a senior trader and I (Junior Trader) manage a joint book and we currently have illiquid spread positions on back of the curve for a deferred year. We got these positions from market making, well he did... over the counter and on the screen it trades in on...

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Why choose Sales and Trading over Investment Banking?

Giants123

What are the advantages to sales and trading over Investment Banking? What should your interests be to go into Sales and Trading? what types of technicals do you need to know for Sales and Trading?...

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Scheduling job: Wondering where to take my career from here.

msdixie

I'm a fairly recent graduate from a college in the South. I went to a respectable school - think Tulane, Texas, Vandy, etc. I had a fairly untraditional path to get to where I am. I was interested in public policy initially, and did that for the first two years of my degree. However, I gradually mo...

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Can someone do ELI5 these terms

SirGrayWalrus

I am having some tough time understanding convexity and duration for debt instruments. Can someone explain these terms to me in a really easy way?...

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Secondary loan trading? Secondaries

Caduceus

Anyone able to tell me something about secondary loan trading, exit ops, etc? I may have an opportunity for an internship in this and I'm wondering whether it is worth pursuing. Long term goal is working at a Hedge fund ...

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Path to Macro PM - job ad requirements

princepieman

Saw a recent ad for an opportunistic macro PM job and thought it'd be cool to share. A lot of people ask about the exit opps from certain desks/how to get a macro PM job so what better source than straight from the horse's mouth: [quote] Specific backgrounds including EM local markets and FX, Equi...

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Which firm/bank to choose for S&T in Houston

ConradOPrice

I am looking to get an S&T internship in Houston next Summer and could do with some help.... Could anyone with relevant information tell me the advantages and disadvantages of choosing a bank, rather than one of the major oil firms like Chevron, Shell and BP. What are the differences in pay and cul...

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Python for Trading

mmmmaaaaa12

I am currently a junior and am interested in S&T. I recently spoke with a few traders and one of the biggest takeaways I had was to focus on learning Python, VBA, and/or R. So far, I have a taken a class in Python and am currently enrolled in a Java class. However, my skills are still very rudimenta...

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Flow Traders trading game in uni

labrat1

Hi, so Flow traders have an upcoming event in uni which consists of a trading game. How can I practice for this ? Also any tips/tricks for people who’ve gone through the Flow Traders uni events ? Thanks ...

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The impact of calendar spread orders on price.

Lucky-Lefty

Hi, I would like to know what impact calendar spread orders have on the price of the outright futures contracts included in the spread, if any? As it is possible to sell/buy a spread, and then close the position by legging in or out with the outright contracts or vice versa. Also how do calendar sp...

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DIY jewelries wholesale supplier online UK

fancytt10

Buy from wholesale jewelry supplier UK. Different DESIGNS including Glass bugle beads, brass magnetic clasps, aluminum wire....

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Opportunities after TDP at Supermajor?

Diglett

Hi everyone, I am considering an offer from an O&G supermajor for their TDP. I understand that not everyone who graduates from these programs ends up with a trading role and might even end up in the commercial stream. So in the case that there is no seat at the trading desk for me after the program...

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Transitioning from Software Engineering to Finance/Trading

nero8

I'm currently a software developer but my passion is Finance and I want to become a Trader. Given the following, what are my odds at even getting an interview for a (Junior) Trader role at a decent prop trading firm (i.e. Optiver, Hudson River Trading, Flow Traders, etc): - B.S. in Computer Science ...

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remote capital contribution prop firm?/s

username006

I realize this is out of the realm of the firms you guys are looking at, and what you guys do, but I figured some of you might have some insight. Do remote capital contribution firms allow you to trade as long as you post the "bond, security deposit, whatever they want to call it." If they have s...

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S&T this summer, but possibly to recruit for IB?

BoJackBackpack

Hello! Any advice would be appreciated on this: This summer (2019), I'll be a S&T SA at a BB bank in NYC. However, I've recently thought about the possibility of starting to do some recruiting for FT IB positions (chances of lateral-ing into IB of the same bank?). When should I start networking an...

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Moyer Distressed PDF copy

BOtoFO

Does anyone have a PDF copy of Moyer Distressed Debt Analysis? Just started FT in FI S&T and need a copy to reference for research.....

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Hiring freezes in London right now

LaNoob

Is there an hiring freeze (or practically frozen) job market in London right now with the banks?????...

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FICC in 2019

JacobMoore8

I am currently an intern on a Cash Equities S&T desk at a BB. My plan is to switch to a FICC desk for my next internship. Cash Equities is a dinosaur business and I've heard that FICC is more quantitative. I would really appreciate if monkeys would inform me on the following: 1. How is FICC doin...

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xCCY RV In Bonds

ashwin-s

Hi, I have a question for fixed income geeks :) I am just duplicating an old question since question went unanswered and I am looking for it actively. How to do relative value between corporate bonds in different currencies? Let's say same credit quality, same issuer etc... everything the same b...

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CFA/IMC Trading own account ?

a5hleybmw

Is it true that if one has a CFA/IMC they cannot trade their own account as there is a conflict of interest or unfair advantage over other retail traders? Really?...

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Rates Vol / FX Vol trading desks in London

ForTheDream

Hi all, I was looking to get a better understanding of the Rates Vol and FX Vol trading spaces in London. I was wondering which are top banks, how they are split, any interesting facts/ stories and how to get my foot in the door as a junior guy trading a derivatives book (not vol though). Any sort o...

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SPG Products

swaggyswag

Hi I'm in S&T at JPM incoming intern.. a bit more quantitative and want a desk with slightly less flow. Do you know about structured/high yield credit trading / SPG (structuring / originations/trading) and what the hours are? ...

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Have I messed up my future?

aconcernedguy

Hi everyone. I have big concerns about my future and would like to ask the community for help. First let me tell you about my background. I have a bachelors degree in Accounting and Finance from a non target Eastern European university. I had a 1 year internship at a F500 company in accounting an...

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Getting into quantitative trading after 1.5 years as a data scientist

Varys

Hi everyone, the title is pretty self explanatory but I will try to elaborate a bit. After a degree in Physics from Oxbridge (above average results but nothing crazy) and an MSc in ML from another top UK institution (top 5% in this one), I joined a startup as a data scientist and have been working ...

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New SIE and Series 57 exams

Finukr

What is the least expensive way to prepare and pass SIE and Series 57 exams? Where to buy the study materials?...

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Asking for an update after Interview

RKG

I interviewed at a BB for final round. I was called by someone on the desk a dayater asking for my preferences in desk assignment, no offer yet... but was told I would hear back end of last week. But nada yet. Should I reach out this week, and if to who? I think the Hr responsible for me is out for...

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Thoughts on HEC Montreal MsC in Financial Engineering?

sibarz

Dear friends from WSO, I am considering taking a Master's Degree next year and apart from the most popular ones everybody know I've been told to apply to the HEC Montreal MsC in Financial Engineering as I have lived in Montreal for a semester due to the exchange program I did as an undergaduate at ...

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How to prepare myself as a full-time analyst in Sales and Trading

ninjamo

I finished my Sales and Trading internship in a BB last summer. I am very lucky to get a full time graduate analyst offer. But to be honest, during the internship I did not interact with traders or structurers frequently as I spent most of the time staying in my sales team and tried to help them... ...

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Hedging Effectiveness/Ineffectiveness

wanderer01

Hello, Anyone got a good resource(s) on hedging effectiveness/ineffectiveness. Something that provides a bit of an introductory on the subject and ideally some examples? Eventually, I'm looking for a way to quantify the effectiveness/ineffectiveness in a sort of daily report ...

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Interview Question: Make A Market on Anything

swordfish712

I don't understand interview questions about "making a market" when it isn't applied to financial assets. What does it mean if an interviewer asks you to make a market on the number of windows in this building? I just had an interview and my resume mentioned I was a runner, so the interviewer ask...

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Career Advice - Work out the gate then MFE or MFE first?

PolarBearBull

I'm in my fifth year at a University in Ottawa (Canada (brb kms)) in Finance and definitely didn't apply myself to the extent I know I should've as the coursework was utter garbage and I felt more like I was an advanced English Major than a Finance major where I had been hoping for higher level math...

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From discretionary macro research to quant

Brightcake

So i've had about a year of work experience in a BB strategy research role (not quant - think FX/rates strategy) and throughout my time there I found myself becoming more and more interested in the quant side of things, I really enjoyed the model building/ data analysis aspect of it and would like t...

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Dissertation topic advice

BrianHunter

I'm deciding an interesting topic for my dissertation, and would like to know your thoughts/advices. Disclaimer: I'm doing a quant MSc that involves finance and energy, and want to end up working in Trading/CTA/HF/AM The topics that I have in mind now are: 1 something related to weather option pr...

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drug test-am i screwed?

Anonymous Monkey

i am starting at BB IB, just got back from abroad where I smoked pot on 4 occasions (last time was last thursday). i was just notified of an impending drug test, 2 weeks from now. what will happen if i test positive? currently i am negative with a home test. i already am aware of how stupid i am. i...

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How to Switch Internships?

JacobMoore8

I am currently an intern in Cash Equities S&T in Eastern Europe at a BB (think BAML, Citi, CS). My internship ends at the end of May. One month into my current internship, I applied for an Internship in FICC S&T at a higher tier BB (think GS, JPM, MS). I have completed the video interview this week....

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AMA: Top Quant Firms First Year Comp 250k to 400k

quantfin

First some background, I am a senior and am heading to a quant shop for full time this summer. This past recruiting cycle I received offers from Two Sigma, Citadel, Old Mission, Hudson River Trading, DE Shaw, Jump, and Five Rings Capital for positions ranging from pure dev to pure quant. I study CS ...

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Weighing up physical commodity trading (agricultural) and a FICC rotation program

softtrader

Hi everyone, Senior at semi target, have been offered two roles last minute and have a about a week to decide. Both located in a large non-NYC city. The first one is at a MM bank in their FICC S&T rotational program. I am guaranteed at least one rotation across a trading desk, but will otherwise r...

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Help with Physical commodities

YoungMan

Hello Friends, I wanted to hear your advice. I have an undergrad in Earth sciences, and currently a masters in finance student. I was offered a broker position with an international brokerage firm. The position will deal with biofuels. Since I have no experience and that field and very open regardi...

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Commodity sales - what to expect?

geometricbrownianmotion

Hi, long time lurker, first time poster and so on. I've got an interview for a commodity corporate sales team coming up. Can someone shed some light on the technicals one might expect? I assume there will be a lot of stuff on hedging and structuring (this being a corporate role), so brushing up on...

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Where do people go that are laid off mid-career?

chestnutxyz

Due to my lack of knowing many experienced traders I wonder what happens to those who start and get laid off after 4-7 years, or even longer, for those that make it to 32/33 and due to one reason or another get cut, what sort of career options are available to them? I'd hate to go back to school to ...

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Geometric Brownian Motion with Python

BrianHunter

Hey there, I'm pretty new in Python and would like to ask a quick advice Which way do you think "preferable" to calculate drift? Thanks monkeys...

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Does anyone know when applications open for full-time analyst roles for 2020

gonline47

I know that GS Securities opens July 1st 2019, but I can't find the dates for any other applications. Does anyone know when any of the BB's open their applications based on when they did so last year or anytime before? Also, would anyone know when applications for big HFs, and prop trading firms l...

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CMBS Trading

Tego987

DeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeleted...

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UBS 2019 Quantitative Trading Summer Analyst

NYC.to.BOS.to.NYC

New here: wanted to see if anyone heard back in regards to UBS's Quantitative Trading NYC Summer Analyst role. Seems like a great opp, but wanted to see if I've already been dinged internally. Any feedback from those who have applied would be greatly appreciated!...

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JP Morgan HireVue interview 2019

OMGKEYNES

Dear all, Has anyone completed the JP Morgan HireVue interview of 2019 for off cycle S&T intern placements London or other? If so it'd be highly appreciated if you could - Share some of the latest questions - Do you have any advise on how to approach the interview? - In relation to the AI tech...

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The problem with binary options trading!

Marker

A fair bit of spotlight/scrutiny has been placed on binary options in the past years, with warnings issued from central banks such as the MAS (MAS-Cautions-Investors-on-Risks-in-Trading-Binary-Options-with-Unregulated-Platforms, SEC warns against Binary Options and scams such as the-wolves-of-tel-a...

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Computer Science is useless for BB S&T

crucifix.

There is a lot of wrong information on this board - most likely posted by ignorant high school / undergrad students who clearly don't know jack. One piece of wrong information that keeps popping up is that computer science is massively helpful for sales and trading (S&T) at a BB. Wanna know the trut...

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Will a Summer Analyst position for S&T at a BB in NYC help me get recruited for S&T at a BB in London

gonline47

I've secured an S&T role at a BB in NYC, but when I was applying last year, I was flirting with the prospect of living in London - I grew up there and it's my favorite city in the world. I was able to get this position in NYC by heavily using my alumni network (The University of Chicago), and ended ...

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JPM S&T Placement Day

ST Intern

To anyone who has gone through the JPM Markets/S&T summer placement, I would love to hear any thoughts or best practices going into it. Since the program is non-rotational, I understand how important the process is. 1) How would you best communicate to a desk that they are your "top choice" without...

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How hard is the move from BB to Boutique for S&T

gonline47

I secured a summer analyst role at a BB for S&T, but am flirting with the prospect of joining a boutique full-time, particularly those with prop trading. I currently attend UChicago and was wondering if this move is common, or is it extremely hard to do. I understand that prop trading firms tend to ...

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