For the experienced: BB prop desk in USA or Euro BB sell-side options - London

Trying to decide, is it a good time to be prop at a bank ... or should I do something similar (rates, FX, commodities option market making) abroad and put off the prop for now, with an aim to go back to it later with more work-experience.

I am relatively junior, not calling the shots anywhere. Thanks.

3 Comments
 

I have made this exact argument. It's impossible for an outsider to say 'why' a trade is made.

I honestly think options market-making as a junior is good on a variety of fronts. Firstly, you're doing client-facing business, so you're not going to be impacted by the recent regulatory shifts. Secondly, you learn about volatility markets whilst learning about the underlying products. In the long-run, that's going to be more valuable than a year or two as a junior on a prop desk (unless someone is willing to mentor you).

 

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Comments and opinions expressed are that of my own and do not represent the views of any commercial entity. Always seek licenced financial advice prior to making any investment decision.

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