The CVA/Treasury desk will use CDS extensively to hedge the exposures of the banks vis-a-vis major counterparties. Flow CDS desks tend to hedge with CDS too as part of their market-making activities but also have prop positions.
If you're good, smart and have used your time on the CVA desk well, sky's the limit... I think there's an older thread where someone posed a similar question.
"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
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The CVA/Treasury desk will use CDS extensively to hedge the exposures of the banks vis-a-vis major counterparties. Flow CDS desks tend to hedge with CDS too as part of their market-making activities but also have prop positions.
What are the exit opps from a role in cva trading?
If you're good, smart and have used your time on the CVA desk well, sky's the limit... I think there's an older thread where someone posed a similar question.
Errrrr London Whale?
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Numquam qui repellat omnis velit et sapiente ea. Occaecati ut qui ut recusandae doloribus consequatur. Voluptas necessitatibus quod ea nihil cumque. Earum debitis placeat ut a consequatur blanditiis ullam et. Odit expedita dolores est odit non.
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