CIBC vs Scotia--S&T in Canada
Which is more reputable? Are there league tables for Canadian banks in Sales and Trading?
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RBC s tops.
I think CIBC fairs better than Scotia.
^This guy doesn't know what he's talking about.
It really depends on the product/desk, but overall CIBC is better than Scotia. CIBC is actually probably the strongest on the street right now, and they're expanding rapidly (they're opening a second trading floor in brookfield place)
As for your league tables question, one way to measure is through volume/value/market share of trades on the TSX. For OTC products, obviously it's a little bit harder to gauge.
I agree with everything you said.
And yes, it really depends on the product. The only area that I can confidently say Scotia Capital excels in (compared to the other Big 5) is corporate bond trading. This is from speaking with friends who work in that asset class/space.
To the OP: Let us know the product you're interested in / interviewing with, and hopefully we can expand on some stuff.
I have worked with all of the Big 5, and for S&T, I would say:
RBC>TD>>>>Scotia>CIBC = BMO.
Worked with 4 of the 5. People tend to look down on cibc. I think the general perception is this:
scotia tops in corp bonds, td tops in govt bonds and equity options, bmo strong in fx
cibc strong in algo's/equities
rbc is strong across the board...
its totally product dependant
Sorry to bring up an old thread but would you say the above arguments are still relevant . . .
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