Credit Indices (iTraxx) Trading

Does anyone know what Credit Indices Trading involves? I was told that the role would be focused on trading the iTraxx index and that initially, I would be helping the desk analysts conduct fundamental research.

However, I was wondering what the role is like once you are actually trading. Are you giving clients access to the iTraxx index and hedging out the risks? Will traders still be focused on company fundamentals? What is the interaction with IG and HY traders? Is the role quite mathematical or not really?

3 Comments
 

Hi L_STAR, check out these threads:

  • State of Credit markets now and in the future? shrink? 4) If one is just trading credit indices, does he/she need to know accounting or credit analysis? ... Not a credit trader, but trying to better understand career prospects in this area and what it ... financials and some sovereigns. What about credit index/credit options? How liquid are they now? 2) In ...
  • Credit Hedge Fund Definition and Interviews (CDS, LCDS, synthetic indices, TRS, etc) and ideally how you construct trades with them. Might want to ... Guys- I'm at a BB in Lev Fin and recently have been called up for an interview at a credit ... equity, etc. I've been involved in several PE interviews but never interviewed with a credit hedge ...
  • What's Your Favorite Technical Indicators? For those traders who use technical analysis, what is your favorite indicator? I like the MACD and ... island reversals which have served me well. trading technical analysis ...
  • Day to Day of Investment Grade Credit Trading trades to facilitate, what size bid-ask is? ...
  • Difference between Credit Trading and Rates Trading? Hey, is there a difference between credit trading and rates trading? I thought they are both just ... trading bonds? Thanks a lot! Rates Trading vs. Credit Trading? At a broad level, rates trading has ... a macro-economic focus looking at economies and interest rates. Credit trading has a micro-economic focus and looks ...
  • Differences Between Exotics Desks Are there any differences in the type of person that works and the type of work on a credit ... exotics vs interest rate exotics vs equity exotics trading vs fx exotics desks?? to Tuesday, February 6, ... 2018- 6:25pm Sales and Trading Forum Resources S&T Overview Sales & Trading Interview Questions ...
  • Trading Vol in an IB- what are the good resources for Rates, Credit, FX, Equities? Market-makers' help greatly appreciated & Other Derivatives- Hull Volatility Trading- S. Natenberg Volatility Trading- E Sinclair Dynamic ... JPMorgan, found online Rates Vol http://www.math.ku.dk/~rolf/SABR.pdf Credit Vol? FX Vol FX Options and ... help guys! I hope this thread will be useful for everyone! volatility market maker trading to Monday, ...
  • More suggestions...

If we're lucky, maybe these professional users will respond: @Bb38" ThomasBoyd greektraderjoe

I hope those threads give you a bit more insight.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Best Response

Ab a alias aut aut itaque ab vel. Commodi laboriosam sunt itaque tempore esse vel. Voluptatem laboriosam corrupti id omnis nisi quasi pariatur fugit. Omnis deserunt velit qui et dolores corrupti omnis. Consequuntur nisi doloribus accusamus temporibus voluptatum nihil. Nihil eos nobis saepe omnis.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (72) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”