Cash Equity Trading - Strategies of cash equity desk?
What are some strategies of the cash equity desk? What exactly do they trade? Im under the impression its one of the more simple and less desirable desks. Please correct me if im wrong.
they trade stocks. Desk is usually identified by the presence of a crystal ball :P
But jokes aside pure stock trading is largely automated, the product isnt very complex and spreads are tiny.
On the other hand, you finish at like 4:40 + time it takes to log off computer
I for a second thought Cash Equities was the name of a desk, like high yield is in FI, and now am aware that it is a category which encompasses a lot of desks like Risk Arbitrage and TMT.
What are some other desks under the cash equities category?
It is considered a desk like HY in FI, and then broken down so 1/2 people do a sector. You have consumers, industrials, TMT etc. Risk arb only has sales coverage (not an actual trading desk on the flow side of things).
I know two Risk Arb trading desks full of traders that trade. Can you please explain what you mean about the desks only having sales?
Risk arb desks trade but its purely execution or market making. The strategy as far as putting deals on taking positions really is much better suited for the buyside. You can PM me about it if you have a specific question risk arb.
Cash Equity Trading - Interning? (Originally Posted: 11/18/2013)
Does anyone know when interning on a Cash Equity desk if you are split up by sectors (i.e. retail, technology, energy)?
Yes (at the BB I was at this past summer.)
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