Fixed Income Trading: Barclays vs Citi

Hi everyone I'm new to this forum, and had a question that I have been researching for the last few days.

I hold internship offers with Barclays and Citi for Fixed Income Trading, in London, and need to choose one.

I am interested in Credit in particular and so have been trying to compare the Credit desks of the two firms.

I have tried finding the Euromoney Rates Survey 2013 but that is subscription-only and costs £1000 or so which I don't have! From what I have heard from people, Barclays is top three globally in fixed income, while Citi isn't.

Does anyone have an insight to help me out?

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ABC15

?

13y

Both are Top 5 in credit. Barcap might be a little better at the moment, but with increasing regulation on balance sheet and comp in European banks, i would go for Citi.

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RichardPennybags

ST

13y

What do you mean by top? Market share? Risk appetite? % of prop positions? Profitability?

Ok maybe rankings-wise one bank is top, but all you do is execute orders all day, since the flow is so big. What if a different bank doesnt see so much flow but gives you huge risk and hence some amazing traders flock there?

You can't rank shit in S&T like that...

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Maximus Decimus Meridius

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Fixed Income Trading: Barclays vs Citi

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Fixed Income Trading: Barclays vs Citi

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