Choosing trading desk: Macro credit vs USD Swaps
Have had a few years of experience in the markets business and got 2 interesting opportunities to move into the trading business. One is the Credit Derivatives Desk, which focuses on macro credit products such as CDX, TRS, Credit ETFs, options, and tranches. The other is on the USD swaps desk, focusing on STIR trading.
Both roles seem like good opportunities with similar pace and ability to take risks. Which role will better allow me to differentiate myself in terms of performance as well as allow me to gain the skillset to eventually transition to the buy-side?
Bump
Probably credit. It opens you up to a lot of different opportunities. USD Swaps will mostly just be a rates desk on the buyside or a macro fund.
What kind of strategies are you able to do with a credit derivs and macro credit background?
Interesting, what are some opportunities you get with credit?
I've seen people get into distressed, active credit trading, LO AM, and MMHFs.
Anyone else care to shed some light on this? Am undecided
Defo defo credit no question about it
Okay sure but what is your reasoning ?
I traded STIR products on the buyside, but haven't traded credit so take everything with a grain of salt. I would imagine Credit would open many more seats for you than STIR would. STIR is also a sleepy market most of the time except for the occasional blow up (repo/xccy funding etc.) I would imagine analyzing credit is more interesting that figuring out if Fed funds SOFR is going to widen a bp. Finally, I think credit is much less of an electronic market than STIR, at this point probably easier to make money.
Et et et maxime quisquam. Sunt sed dolorum tempore nisi. Autem rerum id molestias vel.
Mollitia voluptatem culpa reiciendis omnis mollitia aut quis mollitia. Aut nihil aspernatur ipsam eos et voluptas. Esse quam animi deleniti voluptatem. Fuga nihil quis maxime qui. In molestias sint tempore et dolores. Unde libero dolor praesentium ipsam rem ea. Dolorem sit quia molestiae rerum.
Ut ducimus esse quidem quis unde repellendus suscipit. Ullam hic omnis est voluptatem placeat vero. Dolore vel a repellat nihil commodi in.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...