Best Desks for the Future of Market Making
I’ll be going in as a market maker at a well-known top firm this fall, and would like to get the insight of people in the industry on what seem to be the best desks for the future. There has been a lot of talk about automation and decreasing opportunity in the space as a whole the past few years, but which niches seem to be the most resilient to that? Currently it seems to me that fixed income is the hardest to automate, but this is all second-hand information and I would love to get the opinion of people in the industry in market making.
https://news.efinancialcareers.com/binaries/content/gallery/efinancial-…
Where does Munis fall under this spectrum? Surprised it’s not on there. Meriwether started by trading Munis :O
Everything is going towards automation. Some things at a slower pace than others. It’s been discussed time and time again here.
With that said, munis is very old school and still somewhat similar to what it was years ago. There’s millions of cusips and I think that it makes it trickier.
Not sure how the money is there, though. Was told it isn’t great, at least on the sales side.
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