Equities Trading at MM?

Looking for general insight into Equities Trading in the MM space.

  • What role does an Equities Trading Department play for an MM?
  • What does day-to-day look like as a Junior Equities Trader? Responsibilities?
  • General insight into Equities Trading at an MM?
2 Comments
 

I recommand google "citadel securities systematic trader", it has a pretty clear description

equity MM is on-exchange, highly automated, which means as a trader, you don't have a book, your primary responsibility is to make sure the automate system works as expected, your day to day will be split between managing trading systems, managing IT release, working on project to reduce human operational risk ... the more "sexy" part is to leverage the market structre infomation to generate idea to improve MM strategies. 

In smaller shops, the line between QR and trader can be blur.

 

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