Electronic Trading

Can anyone shed some light as to what the electronic trading divisions at firms such Morgan Stanley or JPM really entail? How is an electronic trading division any different from an algorithmic trading division? What type of work can an intern in the electronic trading department of say, Morgan Stanley or JP Morgan expect to do? I've searched extensively for answers to these questions to no avail.

Thanks in advance!

8 Comments
 

in rates for example there is a lot of algo monitoring and stepping in if/when things go from, the quants do the hard work and in trading you are required to understand but use the algos to ensure they are properly functioning. There is a lot more intervention than at a systematic prop firm where it could be 90% monitoring

 

sounds a bit boring. mostly monitoring. and sounds like the real valuable players in this business are the quants and not the traders.

how is compensation/career prospects/exit opps?

 

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