Trending Content (see all)Replies
+30
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...

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+9
Front Office Market Risk

The Original Mark Hannah

Lads, I’m constantly seeing people on LinkedIn, and on job offers that say “Market Risk Front Office position” etc. I also have a friend that just put on his LinkedIn header “Market Risk front office at Bank X (BB)” I tried to ask and he says that is because they meet clients...

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+5
Bloomberg Terminal Purpose

enterprisevalued26

Do asset managers have Bloomberg simply for research or is it mostly used to place trades? What is the best research tool to use in sales and trading?

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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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Replies
+3
Derivatives/Structured Products Modeling - For Learning/Interviewing

eoinmeany

Targeting this for those on a derivatives or structured products desk (any product, any style).. I'm reading through textbooks and learning programming on my own and have made thus far made a simple MBS and an Auto ABS model (Basic monte carlo, prepayment models). I'd like to practice creating a po...

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+3
Risk Management (Quant Market Risk) to Sales?

BankerLenny

Hi guys, Been following the forum for year, now have a question I'm Quant market risk analyst in the City of London in a T2 bank. First year after a master in financial engineering and risk management in a good semi My dream has always been to work in S&T, especially Sales You guys think possi...

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+3
Why do banks stop S&T employees from investing their own money?

sultanoflondon

Hi all, I've heard that investment banks make it difficult / ban their S&T employees from investing their own savings in stocks. To what extent is this true & how difficult is it? For example, is it possible to have a job in structured solutions & invest in growth stocks with a 5 year time horizon...

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+1
New SIE and Series 57 exams

FinGiant

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

4
+3
SIE Exam by FINRA?

Phizzurp

Hey all, Does anyone have any info on the new FINRA SIE exam? Now that I've been a junior trader for some time, my firm is preparing to give me my own seat on the desk and have my own junior within the next couple months. Being so, I need to take a few licensing exams. The SIE exam is now a pre-r...

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+5
How do you come up with trading ideas for FICC more specifically for corporate debt or rates? Explain like I'm 5 please

BOBBERT

I have never come up with any trade ideas outside of equities, so I don't actually understand how it works really. I know what FI products are and the basics of FI but what does a FI trading idea entail within the realm of S&T? If someone could help me on this seemingly dumb question I would really ...

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+2
Question about Background Check

JamesPaul98

Hi WSO, I have been asked to submit a background check for my summer internship, and I have a question about it. I was interning last semester and on my resume I had written october to present for how long I worked, since I was working and actively recruiting at other places. I stopped working ...

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+1
Stock Insurance

serenepumpkin

Can anyone tell me why or why not insurance on stocks (which currently does not exist) would work? I was thinking something like an investor will pay a a semi-annual, quarterly, or monthly premium to insure their stock investment completely (i.e. ONLY if they lost money they could cash in and get it...

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How would you trade if you are required to have skin in the game at all time?

HighlyLeveredCat

I wonder if traders would take the same strategy if they are required to have a certain amount of money of their own in every trade they execute. How much risk would the trader take if his money is on the line?...

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0
As a teenager what is the best way to make money?

Chima_M

Hello there, I am 15 and was just wondering what the best way to make money is for my age. I realize that this is a little short but I don't have anything else left to say. Thank you for reading. ...

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0
Forex Demo Contests 2019

thinkpad954

G44FX’s best Forex Demo Contest 2019, gives an excellent opportunity for new and existing clients to trade risk-free and win real cash Prizes. ...

0
+26
Shell Trading Development Programme Assessment/Interview

handash

I just received an invitation to take the Shell TDP assessment, and I was wondering if any TDP alum can share their insight. Also, I hear the interview is brutal.. so if anyone has anything to say about that I would appreciate it. Thanks...

243
+1
Intern Tasks/Projects

Dollar Bill

What are some of the usual tasks assigned to summer interns on the various desks in sales and trading? Please start by labeling the desk/product. Thank you...

2
0
How Can I Be Hired By Prop Firm With $40,000 In Consumer Debt?

FinGiant

Hi all, After submitting paperwork to the prop firm they asked me if I can dramatically reduce my debt to proceed with them. My account is currently in collections too. Currently, I am not in a position to pay off even a portion of the debt because I need the capital to trade at the firm. What shoul...

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0
Sell GS Thesis

monkeytomd

Hello everyone, I'm not sure if this has been done before, but I have a sell thesis on goldman that I made in my student investment fund. I'm a sophomore at a non target majoring in CS and Econ so don't rip this a part. The reason I'm doing this is because I recently had a superday and was grilled ...

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Moving Average Envelopes Conclusions

freeforex20_2

Moving Average Envelopes Conclusions Moving Average Envelopes are percentage-based envelopes set above and below a moving average. The moving average, which forms the base for this indicator, can be a simple or exponential moving average. Each envelope is then set the same percentage above or below...

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Turning a Back Office Internship into a FO offer

amonkeyl

Hey guys, This summer I am interning in back office finance at an Investment Bank and I want to know how to leverage this into a S&t internship for next summer at the shop. I want to network with as many traders as possible, but I don't want to offend my managers by making it look like I am just u...

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+3
Beginner learning for S&T

LilScuzzi17

What would be the best way to learn about trading? Interested in S&T and want to get a good start....

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+1
Quant options for those not into programming?

siddharthpal

Currently a freshman at UC Berkeley. Growing up, I would trade on virtual accounts (used Robinhood later on in hsl) and really loved math as well. I completed my first semester here taking Data 8 (Intro to Python) and Math 53 (Multivariable calc). This semester I took Math 54 (Linear Algebra and D...

3
+2
Best Desks at RBC

Victoire48

Hey Guys, I just wanted to ask you guys what are RBC's strong suits in S&T (desk wise). I hear their derivatives group is really strong...

5
+1
Jane Street SEE

gw2022

Hi all, I am curious as to whether anyone has heard from the Jane Street SEE program. It is an insight program in late May, and they should be releasing their decisions about who they are inviting rather soon. Thanks. ...

1
+2
Requirements to pursue an Institutional Equity sales career

learnnhmisdu0786

Hi, I am a Risk Management Middle office analyst in a leading Investment Bank for 2 years. I have finished my MS in Finance with CGPA 3.8. I have intermediary level skills in VBA, SQL and Excel. I believe I am good at presenting ideas and in negotiation. However, I am not good at math, stat, advanc...

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+4
Are desk strats well paid?

gxxxxasf

I will be going for an intern at a BB as a desk strat. I am wondering how well paid are entry level desk strats at a BB? (I am a STEM major, undergrad) Also, is it hard for a desk strat to move up to the management level?...

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+2
DB - Deutsche Bank - Would you join one of their trading desks now?

nori90

Hello, Would you join DB right now if you were given an offer on one of their trading desks? With everything that is happening, it is hard to know where the company is heading. Too risky?...

3
+30
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...

54
+1
Poly Sci Degree to Finance?

Minny97

I'm currently active duty in the USMC, part-time student with a pretty good shot of getting into a target school in NY. The thing is, I haven't taken math since high school. I have a good GPA but I'm afraid if I try to take the high level math classes (Calc 1-3) without being caught up in math again...

1
+21
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...

52
+2
Goldman Sachs Principal Funding & Investments (PFI)

RudeOil

Does anyone have any info on this group? Has anyone interviewed with them? Apparently the former group head ran the structured credit prop desk at Merrill; now running his own hedge fund (Prosiris Capital). http://www.bloomberg.com/news/2011-05-25/ex-goldman-sachs-trader-ali-gets-fund-capital-fro...

37
+1
Stop being a greedy trader in the Forex market

danydebrown

It is natural for traders to think about making money. After all, we join a job for earning. It is not that hard for doing any kind of professional work. But on some platforms, we can make a mess with that kind of thinking. The trading business is one like that. There will not be a good performance ...

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+19
Physical Commodity Trading

vanquan

Hi, Can someone explain how exactly a physical commodity trading house makes money and why there is a need for independent comodty houses, whats there right to exist? What are the risk when trading commodities physical and how can they be hedged, are there specific hedging strategies that are appl...

210
+1
Operational Internal Audit - Energy/Commodities Trading - VP Level - NYC

edmcnally212

Top bank seeks a senior leader on their internal audit team, focused mainly on energy and commodities capital markets, but also equities, currencies and across other trading platforms as required. The selected candidate will spend approximately 20% of their time traveling across the US and Canada, a...

1
+1
Baruch vs. UConn

shane.cotter

Currently, I'm a freshman at UConn, and am considering transferring to Baruch. At UConn, if you want to do accounting or finance in Hartford then there's a direct pipeline, but I'm looking to do S&T or IB in NY. Would Baruch be more beneficial for me? I'm hoping to transfer for Fall 2019....

2
+1
Non Target School S&T Internship

larzgp

I am currently an undergrad student at a non-target school looking for some advice on how to land internships in S&T/PE/HF/IB. I am currently a freshman with a 3.8 GPA, taking an online 'Invest Like the Street' course, running my own investment blog, and looking for local wealth management internshi...

3
+1
Lateral from S&T

squids

I am starting my FT S&T analyst career at RJ shortly after graduation in the coming months. I accepted the offer after completing an internship even though it was not a sales and trading based internship. I like the company culture as a whole but do not know much about the S&T culture within RJ. If...

1
+1
Does Fannie or Freddie Commit Capital in Mortgage Securitization?

Harry Q

When mortgage loans are securitized into MBS, it looks like the mortgages go directly from loan originators through security dealers to the capital markets. So it seems that the funding comes directly from the capital market, and Freddie or Fannie doesn't put any money down in the process. In other ...

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+5
BB Emerging Markets Trading

CerebralCapital

Hi All, Hoping I can get some insight on EM Trading desks at BBs. In particular: - What is the skill set necessary for such a position (i.e. quant-y)? - What is the skill set that you will develop after spending time/ starting a career on the desk? - Are desks multi-product and then separated by r...

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+65
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 ...

118
+2
S&T Summer Analyst Market "Knowledge"

Tego987

I'll be interning at a top BB this summer in S&T in Fixed Income. I've always struggled with the question "tell me what's going on in the markets", as it seems so open ended that I end up sounding like an idiot. However, if someone asked me what do you think the risks of Y in X asset class are based...

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+3
Physical Trading, No futures, and no series exams

Sangisinacoma

So I attended a non-target school and recently received an offer as a commodity trader on the lumber desk at a firm called Seaboard International Forest Products. The company is a subsidiary of the Forest City Trading Group and is located in New Hampshire. I traditionally envisioned myself working ...

2
+1
My background fit?

kylefritz23

- Wealth management investment analyst at Northwestern Mutual - Series 7,65,63,6 - Got accepted into Notre Dame MSF program in may 2020 Does this fit to directly go into sale and trading?...

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+1
Understanding Option Quotes

cpeusteuche

Hi! I have a very basic option question. When a broker quotes some options, it has the following format: May 65/70 C/s, 1.3 offer bsxx 62.75 So I have the first bit, (may call spread 65 vs 70 strike, offer is at 1.3 - but I don't get the last bit (bsxx 62.75). I guess bsxx stands for basis cross bu...

3
+1
Oracle 1Z0-1002 Test Questions

Bella-Jullia

Would you like to prevail in 1Z0-1002 test at first endeavor? At that point, you should look for assistance from VceTests and get the best test dumps for your Oracle 1Z0-1002 test. We have great test stuff with inquiries answers in PDF documents and Exam motor formats. We are sure about the precisio...

1
+1
Cargo - Tracking Intelligence Company (Commodities) Market Analyst Career Development

zdvg123

Hi Al, I've recently been offered a analyst role with a cargo-tracking (commodities) intelligence firm (eg: Genscape, Vortexa). My role involves managing huge datasets, market analysis and sales support. What do you think of career development opportunities in this role in general? Thanks!...

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+3
Optiver Graduate Trader (Sydney)

novacaine19

Hello everybody, I was recently offered a graduate trading role at Optiver's Sydney office. However, I am not entirely sure if I should be accepting, as I have read that the average employment rate is quiet short,. Furthermore, the contract states a one-week notice on termination, which is not ideal...

2
+1
Trading App with High Leverage on Stocks

dan99.alighieri

Does anyone know a trading website or a trading app that provides high leverage on stocks, for example, 1:30?...

1
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+5
Bloomberg Terminal Purpose

enterprisevalued26

Do asset managers have Bloomberg simply for research or is it mostly used to place trades? What is the best research tool to use in sales and trading? ...

7
+2
Asking For Time off From Prop Trading Firm So I Can Go to Flow Traders Summer Business Course

ajon2597

Would it be unreasonable to ask for time off in the 2nd week (Thursday and Friday) so that I can go to the Flow Traders Summer Business Course. I would really want to work at Flow Traders full-time, but given I would be currently interning at a prop firm, would it be fine to ask for 2 days off early...

13
+2
How important is accounting for S&T

hotentoth

I am wondering how much accounting there is in S&T and how much you'd need to know to succeed in interviews and on the job...

3
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+1
A newbie to Bitcoin

laurencehanlin

Hello, I'm new at Ripple coin, I'd like to experience what it's like and if anyone could give me the minimum amount of Ripple at least and if possible the address back so I try to reverse the same amount. Since now, grateful. ...

2
+1
Citi Prime, Futures, & Securities Services

GgMachine

Is anyone here familiar with the Citi PFSS program? Would like to know what desks the internship rotates through and more information in general. Thanks...

5
+1
Nomura S&T vs. Point72 Academy Program

Toyoda

Hi all, I have to make a decision between two Summer 2020 interviewing opportunities by tomorrow evening. A little background first: Year: Sophomore Majors: Economics, Computer Science Semi/non-target Prior S&T internship at tier 3 bank, will be returning for summer 2019 I have been invited to...

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+27
Commodity Trading is Dead

AlphabetTrader

I currently work as a physical commodity trader at a large, international, trading house. Trading is dead. Most desks are printing massive loses. There is no volatility in the market and most commodities we trade suffer from massive oversupply. Baring a massive exogenous shock, I don't see it ch...

108
+1
Commodities: Fin Trading or Trade Finance?

That1Dood

Newbie here! I'm recently out of college (roughly 2 years on, in a credit risk position @ gas utility with small spec book). Wondering if financial commodity trading is now primarily in the hands of computers? Or if a futures-curious young dood can still make a living in this? I have an opportunit...

1
+3
Best Commodities Products?

guacamoil

What commodities are best to trade in the mid/long term? Talking about physical trading at Glencore, Vitol, Trafigura...etc Currently an undergrad in Europe and I have the opportunity to work part-time as an assistant LNG or Copper trader. Physical, not paper trading. I will probably chose the LNG ...

12
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SA 2020 Process - Feeling Discouraged

coldchicken

Hello, I am hoping to do S&T at a BB for summer 2020. As the process has kicked off already, I have already received a no from one BB after an OCR first round and a no from another BB after a superday (which was not very technical so I doubt it was b/c my technicals weren't up to par). Majority of f...

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+9
Front Office Market Risk

The Original Mark Hannah

Lads, I’m constantly seeing people on LinkedIn, and on job offers that say “Market Risk Front Office position” etc. I also have a friend that just put on his LinkedIn header “Market Risk front office at Bank X (BB)” I tried to ask and he says that is because they meet clients too and s...

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Future of Banking & Trading

BrianHunter

I spent few days hearing histories of friends that got fired at Nomura London after recent cuts, and today I've read about the cut of 1,600 positions in markets by SocGen. Also, DB possible merger with Commerzbank is signal of another leak in the banking system (or maybe an opportunity) 2018 it's ...

1
+1
What exactly is marketing & origination in commodities trading?

Diglett

Hi everyone, As the title suggests, I am rather confused about what marketing & origination is, in the context of commodities trading. I understand that for originators, they "extend the reach of the trading desk" by being in touch with counter parties that are off-screen. I understand that this ...

1
+1
Barclays Client Strategy - Decent Role?

Canadiens16

Is anyone familiar with the Client Strategy team at Barclays (or other banks for that matter)? I saw the following description and I'm trying to decipher if this is an interesting sales role working closely with the S&T team or a glorified back office role: https://ourability.jobs/new-york-ny/direc...

1
+1
Short term Power Trader: weather sensititity

doudounovic

Hi all ! I am a Junior Power trader (prop only) in a small european boutique ! I trade power in different countries on a short term basis (days and weeks). On this time frame, weather is king ! I have basis in weather understanding but I can't properly explain a move from one forecast run to anoth...

5
+1
Asking for Additional Prep Materials for Trading Internship this Summer

ajon2597

I’m going to be going in as a trading summer intern, and finished the required reading they assigned me. Would it come off as too needy/annoying if I emailed the trader asking for additional resources/material to look over before the summer starts or should I just prepare on my own?...

1
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Prime Brokerage Bonus

badoinky

Whats up guys. I was just wondering if any of you knew what a typical year end bonus is for a Prime Brokerage Analyst or Associate at a BB? There are some threads saying that it is similar to S&T, but that was a few years ago, and I'd love to hear if anyone has any input. Obviously, bonuses will var...

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+1
Pick a starting point

htmar

Hi, I'll be in my final year of uni and I was wondering what place would suit me best. I've talked with some professionals but their takes were quite different. I did my SA in structured credit/illiquid fund but wasn't given a FT (bad year). The work itself is not bad but it's not very market orien...

1
+2
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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+4
How does Credit Suisse do these days

tutudhz

Recently, I received S&T SA offer from CS. Was wondering if CS has a strong presence in US and HK. How does CS compare with Barclays and UBS with respect to Sales and Trading? Any input is appreciated. Thanks....

12
+6
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...

21
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Questions about equity trading internship

donkeykongkongo

I applied pretty late in the the cycle like a few weeks ago and got into an equity trading internship at AB and a prop shop in chicago. Which internship do you guys think would prepare me for next cycle (full time positions) in trading/quant field?...

1
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THE BEST TOOLS FOR ECOMMERCE

somtega

###Ecommerce Website Tools ####BigCommerce When you desire an off-site hosting and want to enjoy drag-and-drop flexibility in an editor, options like BigCommerce are ideal. Hosted stores are very fast at resolving issues that would normally cause your page to crash. Bigcommerce is super easy to s...

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