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...
|1||7 months 2 weeks ago|
Monkeys, I had some questions about attire recommendations for S&T dress clothing for a summer intern. I was planning on buying 5 brooks brothers shirts (only in plain white and blue) and some navy/gray dress pants. I have seen advice on this forum such as to leave a suit jacket/tie in your office...
|13||1 min 1 sec ago|
How does Bear rank among the BB in sales and trading? I know that they have historically been a mortgage powerhouse, but is this still the case? Where do their fixed income and/or equities operations rank among other firms on the Street?...
|13||45 min 58 sec ago|
Recently I've read articles about how AI will be implemented by banks to replace qunats, sales people and traders in the next 10 to 20 years. Immdiately an image of people being laid off just like how workers being laid off in the factories due to the mechanic automation appeared in my head, the a...
|2||58 min 19 sec ago|
Stock market - Current consumer confidence metrics are at all time highs right now. It's something we haven't seen in the market in a very long time. Are we in a bubble? Is it worth the carrying cost to buy VXX?...
|7||2 hours 38 min ago|
[quote]A decade ago, the brightest graduates all wanted to be traders at Wall Street investment banks, but now they’re climbing over each other to get into quant funds,[/quote] [Quant trading is on the rise](https://www.wsj.com/articles/the-quants-run-wall-street-now-1495389108) – but I’m not ...
|0||4 hours 10 min ago|
Hi all, I am currently a PhD student and leaving the program midway with a Masters' degree for personal reasons. I have couple of years of industry experience in quantitative research. I am super interested in Trading or Quant Trading. I will be graduating next Fall. Should I apply through a regul...
|2||4 hours 14 min ago|
Rumored Buzz On Epic Male Enhancement When these elements start off participating in the function of a vasodilatory agent, much more blood reaches several areas of the body including the male intercourse organ. Consequently, the consumer of EPIC MALE ENHANCEMENT replenishes what ever has actually b...
|0||10 hours 15 min ago|
I was wondering where employees live if they work in Canary Wharf, London. It seems to me that the nicer areas of London are in the West and a lot of the areas close to Canary Wharf are not so nice. Therefore I was wondering where do analyst and associates live in London (ie closest tube stop) and h...
|14||10 hours 23 min ago|
Hello all! I was wondering if anyone has yet to hear back from GS on their recent super day for SA Securities 2018. I would also love to hear how the interviews when for people!! Congrats to all who have already received offers :)...
|1||19 hours 3 min ago|
Who doesn't need their blog entry to turn into a web sensation? Who doesn't need more eyeballs on their perfect work of art? Considering the time it takes to research, draft, alter, edit, and distribute a blog entry, it's a disgrace when it just gets a modest bunch of perspectives. Normally the post...
|1||1 day 3 hours ago|
I feel like there's really not a lot of discussion about S&T/The specific areas of sell-side trading on here anymore. Sooo I want to see what people's opinions are on the different desks with respect to a few different categories. 1. How smart are the people / How technical is the product 2. What...
|51||1 day 5 hours ago|
I am interested in Central Risk Desk roles at top-tier investment banks (London, New York). Can you please share your insights on that area of the trading floor? - Banks with the the most notable desks? Those to avoid? - Type of work and skills needed (is it quantitatively intensive? lots of progra...
|1||1 day 5 hours ago|
What's S&T like compared to banking? Is it more of a fast paced? Is banking a lot more technical? Very curious! ...
|0||1 day 23 hours ago|
Hey guys, I'm a 22 yro recent NYU (not Stern) grad. I only had one offer lined up at graduation but the employer cut back and sent out an email to all of us saying we won't be starting until September. And that's fine as it gives me more time to decide. The job is in accounting for $52k in new yo...
|114||2 days 5 hours ago|
hey there, Just checked in to say hi to everyone. Been involved in trading activities for the past 4 yrs now (mainly spot currency market). Looking to expand my knowledge and skillset and planning to get as much as possible to trade equities/microcaps succesfully Many thanks...
|0||2 days 11 hours ago|
I start my summer internship at a BB firm in S&T in a few weeks and wanted to start my networking early so I emailed a bunch of analysts etc. to meet for coffee. I also found out who the MD was on my desk and emailed him to ask for coffee. I'm now realizing that this was a pretty ballsy move and I ...
|2||2 days 17 hours ago|
Hi everyone, i'm new and it's 3:20am in a beautiful city in Italy. Please keep all errors. They are welcome gifts from my part. I have some questions regarding physical commodity trading in Europe, especially in Italy & Germany, since these are the two countries for which I possess the necessary l...
|9||3 days 3 hours ago|
Hi all, I was wondering, do distressed trading desks at BBs deal only with corporates or also with sovereigns (ex. Argentina, Peru, Greece). Also, what portion of their business deals with debt from developed markets vs in EM? I'm looking to rotate on the distressed debt trading desk at the shop I...
|1||3 days 6 hours ago|
So here goes. My best friend from college and I have had a very similar career path. We both interned at the same financial institution, both eventually landed in consulting at Tier 2 firms, and both had expressed interest to pursue the MBA route to re-brand ourselves and move from 'tech consulting'...
|17||3 days 14 hours ago|
Hi, starting in S&T as a summer analyst in a few weeks at a BB, was wondering what I should be doing now to prep / what I should be reading? any advice is greatly appreciated!...
|5||3 days 15 hours ago|
Hi everyone, new here and looking for some advice on how to break into the front office. To give you my background, I have a bachelors degree in finance from a non target and have been working in middle office at a BB for the past three years (Buffalo, NY office). I am also enrolled in the Universit...
|21||3 days 16 hours ago|
So a few weeks ago I bumped into some old acquaintances from uni who are now working at different firms. I tagged along for a lunch as they discussed some deal that one of them was working on. This guy mentioned that the "EV/EBITDA of the firm we're looking at is XX", to which another guy said "wow,...
|0||4 days 10 hours ago|
I went for a very specialized degree at a non-target undergrad public university (very few schools have the program). I am wondering whether AP scores should go on resume, particularly if I have them in the 3 hardest AP classes (Physics C: mechanics, E and M, Calc BC and some liberal arts ones). I...
|2||4 days 19 hours ago|
Hello, where should someone start if they would like to get into day trading for the opportunities it provides? I currently only have a H.S. diploma. ...
|8||5 days 1 hour ago|
I am about to start a new job equity trading and originally thought I would need to take the Series 55. As of January 2016, the Series 55 is no longer the Securities Trader Exam, it is now called the Series 57. Have any of you taken the exam and if so, which service did you use for exam prep/pract...
|18||5 days 7 hours ago|
Hello, I was on the career path into investment banking but i am having second thoughts. I actually want to enjoy my younger days instead of spending 100 hours a week on excel. Sales and trading interests me because i love following the market and the hours seem 100% better. I just have a few questi...
|4||6 days 3 hours ago|
Howdy, I'm an incoming BB S&T intern looking for some sales-specific prep advice (in b4 "sales is 4 dumb jocks lawl"). I've noticed there isn't much on here regarding sales specifically and wanted a general sales internship advice thread. So, past sales interns, how did you prep for the summer? A...
|0||6 days 5 hours ago|
Does the program in object place well in london for summer internship in S&T ? Do you have some insights about the program and its reputation in uk ? ...
|6||6 days 6 hours ago|
Here is the sum of my CV: 24 years italian 3 year bachelor degree in finance italian uni 6 months internship in Deloitte auditing in my city next year i ll attend a master in quantitative finance at bocconi the questions are: what are my chance of getting a summer internship in S&T london next ...
|3||6 days 10 hours ago|
Right now I'm a junior trader at a highly reputable prop shop. I'm currently on TN status as I am a Canadian citizen. I was selected for H1b this year and awaiting approval in the summer. After H1b approval, if I decide to uproot and leave for an investment bank in sales, sales trading, or trading, ...
|0||6 days 12 hours ago|
The **Zyacin** supplement will help the stream of blood to the sexual organs in order to fortify erections for longer timeframes. It will build the enlargement of veins in the body given its vasodilator properties. With the utilization of any supplement guarantee that you look for therapeutic exhort...
|0||6 days 16 hours ago|
I was wondering what the proper etiquette is for claiming overtime during a summer internship. I'll be working on the trading floor of a European/Asian bank in New York this summer and my pay rate for hours worked over 40 has been made very clear, but am I supposed to actually claim this on the time...
|10||1 week 40 min ago|
Anyone here from the UK and can advise me on what kind of qualifications/exams I need to become an equity sales trader? Like which exam on the CISI board will I need?...
|0||1 week 1 hour ago|
Saw an article on WSJ earlier today, basically highlights how kids from Baruch's program won over kids from targets (Harvard, Wharton, etc) in a trading competition at MIT. Specific article talks about their master's program, but definitely brings attention to the school as a whole. Link: https://w...
|19||1 week 19 hours ago|
Hi all, Hope everyone had a great easter, and spent nice moments with family and friends! To give you some context, I'm an incoming analyst, starting in a few months, with the usual training phase, and it's going to be in NYC (I think you already know where this conversation is heading now). Was t...
|29||1 week 21 hours ago|
It seems like a lot of the sharper kids coming into S&T--especially rotational programs--get fed up and leave. Has anyone else noticed this more than usual? Seems like the death of sell side trading and the dearth of buyside opportunities are hurting BB S&T's appeal ...
|1||1 week 23 hours ago|
There are many things that you need to take care when you chose forex trading as your full-time profession. If you think that you will become a millionaire within a few weeks by trading the live assets in the market then trading is not the right job for you. Those who are trading the forex market fo...
|9||1 week 1 day ago|
A) Totally disappointed with the overpriced and undervalue 3 month Mentoring Program (USD7001) I am totally disappointed with Anton Kreil’s Institute of Trading and portfolio management’s 3 month Mentoring Program. This is because the mentoring program is overpriced and undervalue. I have reg...
|13||1 week 1 day ago|
[Georgia Tech MSc Analytics class list](https://pe.gatech.edu/online-masters-degrees/analytics/program-information/computational-data-analytics-track) I have a CS background (currently working as a Sales Engineer at a big tech company) and have always been fascinated by trading. However, I never tr...
|0||1 week 1 day ago|
|0||1 week 2 days ago|
Looking for feedback on whether taking a stock sales internship is worth it; I've heard that sales/being a stock broker isn't what it used to be, and am considering applying elsewhere. For reference, I have an MSc in pharmaceutical research at a target, the desk handles biotech stocks, and doing th...
|3||1 week 2 days ago|
Does anyone have good markets questions from BB S&T super days? Not like "what's going on in the markets": I want some super hard technicals, brainteasers, etc. ...
|4||1 week 2 days ago|
I am wondering if anyone has insight into Deutsche Bank's credit trading desk as a trading specialist. What are the salaries, exit opportunities, skillsets that you may gain, and also the perception surrounding the company given recent restructuring. ...
|0||1 week 2 days ago|
Hi everyone, I am currently a 1st year analyst working at a very niche commodities research shop with limited to zero growth prospects ahead career-wise given how small and lean my shop runs. Recently, I've acquired the opportunity to interview for a commodities role at a large investment bank. In...
|9||1 week 2 days ago|
Been on WSO for a while now and I just realized that everyone on this site is either aiming for IB or working in IB. Made me ask: Do many college kids aim for S&T (seems like everyone ik is aiming for IB) and how's the S&T industry holding up nowadays?...
|33||1 week 3 days ago|
Assuming that the Salesman is well versed in the product and markets, if a Salesman disagrees with a position that a Trader is trying to take, what exactly happens? It must be a tough spot for a salesman to be pitching an idea he doesn't even agree with to likely knowledgeable clients....
|18||1 week 3 days ago|
I've spent all day watching this. If you're interested in physical commodities, there's a lot of great interviews and roundtable discussions from the FT commodity summit. There's content that covers both minerals and oil and gas, and all of the heavy hitter big trading houses are represented. I'd es...
|0||1 week 4 days ago|
I will be graduating next May from a STEM masters program from Columbia, Cornell, or similar. How do I get myself into the recruiting pipeline for full time associate roles for S&T? Does such a thing even exist for masters (non MBA) students or is it no different from lateral hiring? Should I just ...
|8||1 week 4 days ago|
|0||1 week 5 days ago|
I got a return offer to a BB for credit derivs trading in August. The place has an awesome culture and I loved my internship. In September, I got a small tattoo on my wrist - it's a tiny geometric design, very minimalist and black. I have other tattoos but they're all small and hidden, this is my fi...
|24||1 week 5 days ago|
Does anyone know about Louis Dreyfus Trader Trainee Program? I have a few questions: - How long does it take for you to actually start trading? - What are some future exit opportunities? Into BB S&T? - How is bonus calculated for 1st year? - Change location? I appreciate any contribute! Thanks...
|27||1 week 6 days ago|
I'm curious to hear how everyone would rank the top prop trading firms. I've focused the post on firms in Chicago because that is where most of them are. Here is how I've ranked them: 1. Spot Trading 2. Jump Trading 3. DRW Trading 4. Optiver 5. TransMarket Group 6. Peak6 Investments 7. Chicago T...
|543||1 week 6 days ago|
Hi guys, ive been invited to an interview with a senior trader from flow traders. I searched Glassdoor, says it would be a case study on ETF hedging and mispricing spotting. Anyone have any ideas what is like? Any sort of input would be much appreciated !! Thanks so much in advance!...
|0||1 week 6 days ago|
I read from a post on here that trading and market making are essentially the same thing these days at banks because of the Volcker Rule. If this is the case, do traders in S&T still make lots of money for mere market making/order execution?...
|0||1 week 6 days ago|
I am about to accept an offer from a commodity brokerage company that specializes in lumber trading. Ive shown my boss at Morgan my contract, he says it is as legit as they could offer. **My question what are the "greener fields" within trading.** Lumber trading isn't sexy (Besides trading plywood d...
|5||1 week 6 days ago|
There are a total of 118 known elements on the periodic table. Those elements are further classified into three further sub divisions, namely base metals, precious metals and rare earth metals. Off these metals gold, silver, platinum, palladium and copper are commercially viable. In this article we...
|1||1 week 6 days ago|
How did you guys do when you first started trading? *i meant when you started trading your own money, probably not the right section but anyways......
|12||1 week 6 days ago|
Pretty much says it all--I'll be a summer analyst at a BB this summer and want to know what not to do! Thanks!...
|33||1 week 6 days ago|
Hey guys! Im gonna having a technical interview with a senior trader from Flow Trader? Anyone has similar experience ? Like what type of questions might be covered? Marketing making? Probability? Mental Math? Any form of input would be appreciated!! Thxxxxx sooooo much!...
|0||2 weeks 9 hours ago|
Hi all, I'm currently still an undergrad and trying to break into physical trading (I had in mind working in agriculture or energy). I've been going through the topics posted on WSO about physical trading and from what I gather, it would be best to start as an intern in logistics/operations, try and...
|20||2 weeks 21 hours ago|
Where do these people live if they work in financial sector in CT? Do they commute from NY City (one-hour commute each way)? Do they live itself in CT? How about anyone live in Westchester County, NY and commute to CT? ...
|30||2 weeks 1 day ago|
Hi, I know this is an IB forum but I have a question regarding options that I don't know and hope someone will help me with it if any of you happen to have knowledge in this area: What could be the appropriate options strategy for an investor that does NOT expect a large price movement of a given u...
|2||2 weeks 1 day ago|
For those already in the industry now, curious what your guys thoughts are for trading in the next 5-10 years. East Markets are getting absolutely slammed, there is no more volatility with all the cheap gas builds and it's become an extremely difficult and competitive environment to trade. ...
|33||2 weeks 2 days ago|
Hey guys, I am relatively new to investing and I have been trading in the foreign exchange markets occasionally making money, and occasionally losing money. I am very interested in currency exchange so I find all of my research captivating. I recently stumbled upon binary options and was wondering ...
|6||2 weeks 2 days ago|
Right, Assuming you have read the title, this is one of those "I feel sorry for myself" Saturday night posts, it's also an AMA, because I'm bored. Now that that is out of the way, let me start with a short introduction, I am a trader on the FX desk at a BB in London (I am not going to disclose whi...
|84||2 weeks 2 days ago|
I've enjoyed this forum, and i see lots of people without a clue asking questions about trading, so i thought i'd do an AMA... My path was non-standard, but i've seen others with a similar path to my own. My Path --> Non-Target state school --> Job in BB IT (programming) --> BB Rates Trading Desk ...
|82||2 weeks 2 days ago|
I was wondering what types of questions are typical for Summer analyst roles in markets/s&T? also wondering if its any different for french banks? First round was entirely fit, I assume superday will be much more technical. Since this is a SA role and Im from a Liberal arts background, will they g...
|2||2 weeks 2 days ago|
What do you think of prop trading firms that offer internships to university students and offer no salary but 100% comission? Are they scams? ...
|3||2 weeks 3 days ago|
Many of the traders are influenced with this particular doubt; they are not sure about whom they are. They spend time in thinking whether they a gambling or trading. The Forex market itself lead the Forex to gambling due to the high leverage and rewards. And many traders have the mindset of a gambl...
|0||2 weeks 3 days ago|
Hi all, I'm a Freshman at a well known Ag School in California. I hope to one day become a physical commodity trader. After quite a few cold calls I've lined up two internships for the summer. One with a freight forwarder (NVOCC) who does some work with Ag products but mostly ships manufactured good...
|8||2 weeks 4 days ago|
So i'm a sophomore. I just got accepted into the summer internship program at NWM. I want to accept my offer but from what I understand it's not that great of an internship. I guess I did my research too late. I know how shitty it can be so please save those comments. I'm just wondering if it will h...
|3||2 weeks 4 days ago|
Any advice for me as I will be a sales & trading summer analyst at a top BB this summer? It's a rotational program, so I'll be rotating through different desks and wanted to know what to do to be the best summer analyst, from the small things (like such as do the traders really want me to buy them c...
|6||2 weeks 4 days ago|
I am a sophomore at a semi target for S&T and I am Chinese but I went to HS in US. Some alum told me doing intern in US is much better than in China for sophomore summer. Does having internship in China disadvantages u automatically?...
|0||2 weeks 5 days ago|
Tactical Asset Allocation technique is applied to option trading. Using market timing in volatility arbitrage presents some challenges. Find out what they are, http://ow.ly/O75I30bo4JK...
|0||2 weeks 5 days ago|
Know the best algorithmic trading platforms in India and tools used by Algorithmic Traders operating in Indian markets. To Know More: http://ow.ly/L3oq30bo3qP ...
|0||2 weeks 5 days ago|
I have never been glued to anything other than equity trading. Currently working as a Credit/Finance Analyst for a P&C carrier (yeah fucking insurance). And recently got to second round of a growing Quant fund for BO Ops role. I have a feeling that I probably will get an offer because whispers are e...
|0||2 weeks 5 days ago|
Been browsing around for a book that will give a solid foundation on credit derivatives. What would be the best book(s) to read for this?...
|1||2 weeks 6 days ago|
I've applied for a junior trader position with this firm, and so they've sent me an email with directions to take an online mental math test. Does anybody know what the Akuna test is like, specifically? Can't seem to find too much information about it online. All I know is that there is a 22 minu...
|64||3 weeks 53 min ago|
Hi. I am looking for some advice. I have been working on Wall St for 8+ years. I started out in IDB as a broker in listed options, and after 4 years I made the jump to a prop desk trading listed equity options. It was a great experience, but I eventually left as the firm would not set me to trad...
|0||3 weeks 1 hour ago|
Can anyone here tell me what the energy industry thinks of Dr. Kent Moors of Duquesne University? Specifically: how is he regarded by crude oil traders? I ask because he's increasingly on Fox News preaching visions of doom and gloom. All fine and well. Sometimes, as in the case of Meredith Whitn...
|107||3 weeks 2 hours ago|
I've been seeing some postings regarding this sort of role. Just curious what does this role entail on a day to day basis, and the exit ops....
|4||3 weeks 4 hours ago|
Currently work as an analyst in London in exotic equity derivatives sales. I got an interview at another bank for a "macro rates sales" position. The job description was very short with no description of the instruments. Has anyone heard of this type of sales role before? to me, as an EQD guy this c...
|6||3 weeks 8 hours ago|
Seeking potential interview questions for an FIX/ FX BA to support multi-asset, equities, FX traders ...
|0||3 weeks 22 hours ago|
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...
|1||3 weeks 23 hours ago|
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...
|15||3 weeks 2 days ago|
What instrument would you guys use to bet against the auto loan market? I'm a RE undergrad, so a lot of the trading stuff is outside my realm of competence. I heard a speech at my school today from a former PE guy who went out into the subprime auto loan market. He essentially works hand-in-glov...
|4||3 weeks 2 days ago|
I have a question about trading in a cash account. So I realize that there is a $25k minimum for a pattern day Trader in a margin acct, but it doesn't apply to a trader in a cash account. Although, funds take 3 days to settle in a cash account, so I would have to wait until the funds settle to trade...
|1||3 weeks 2 days ago|
Every single day the number of retail traders in the online trading industry is increasing at an exponential rate. Previously trading the financial instrument was only limited to large banks and institutions but now a day due to the recent technological advancement normal traders like us can easily ...
|1||3 weeks 3 days ago|
I have been following SNAP for a while from way before pre-IPO to now. I knew that their overall growth was stagnating, as well as their revenue per user in comparison to other tech companies was low, but now with Instagram overtaking their total number of daily users, what can we expect? Will they ...
|4||3 weeks 4 days ago|
Mod Note (Andy): #TBT Throwback Thursday - this was originally posted on 11/25/13. Check out @DickFuld"'s current AMA here. To see all of our top content from the past, click here. I was like many of you at one point in my life. I was a non-target student with big dreams. Luckily, I was an extra...
|255||3 weeks 4 days ago|
As the title says. We've long seen many threads of Sales vs Trading, and either one of these vs Structuring or Research. And this might be a valid comparison for people who enjoy cerebral topics (and would be attracted to either one), but are unclear whether they want to work in directional investin...
|1||3 weeks 5 days ago|
http://imgur.com/a/UtRKY Hello, everyone... Hope you’re enjoying your weekend. So based on this image above, I know this may be rather intuitive but for me, I'm not quite understanding this concept right now. So the first PC, which is the largest variance (Yield Level) indicates that the yields a...
|7||3 weeks 5 days ago|
What's the difference between Equity Sales, Equity Sales Trading and Equity Trading? Literally on a website that has all 3 of those titles and I'm confused as to who I need to speak to....
|0||3 weeks 5 days ago|
Hi, I work at a construction company. We are looking to hedge the price of steel. We have never done this before. Just wondering what are the steps and processes to take? In theory, I know you do something like this: You buy/sell the contracts on paper market, say the nymex. You then make an o...
|0||3 weeks 5 days ago|
Does anyone here recommend studying for the CFA Foundations Certificate so I have something on my CV to show my willingness to learn and to show I have a strong knowledge of the foundations of investments when it comes to applying to S&T programmes and IB programmes?...
|3||3 weeks 6 days ago|
Hi Prop Traders, looking for new products in order to diversify risk from my P&L, and would like to share insights to trade energy products in exchange of current strategies working for you. Starting: -Making more than 80.000 Euros a year trading energy products. -Not making profits in STIRS or ...
|2||4 weeks 9 hours ago|
Hi guys, First time posting on here. I recently received an offer with a large international bank (maybe tier 2) with their futures & options sales & trading team. Most of the products that the desk trade are IR-related. I basically want to know what sorts of skills I will learn on the job as an A...
|0||4 weeks 10 hours ago|
Hi guys, I've been looking for it in the forum but couldn't find precise information. I was wondering what a commodity trader does at for example Trafigura or the equivalent? what's a typical day? Do physical commo trader and paper commo trader are mutually exclusive or it is one same person? It see...
|3||1 month 9 hours ago|