Hi, I have very limited knowledge on S&T tbh. I was just wondering: how many traders does a top bb (say, Citi or Morgan Stanley) employ? and since im interested in fixed income, how many traders are there? take government bonds as an example: is there one market maker for, say, us treasuries, another for german bunds, and so on, or are does one cover several countries? how big is the sovereign debt trading desk at a bb on average?
thanks for any insights. im just asking as i really have no idea how many (or few) people there are
There's normally multiple people trading every large sov bond curve, e.g. Germany, France and USTs (each person is responsible for a sector) and then there's other specialists. In reality, it depends very much on the quality of the franchise and a bunch of other factors, so really would be difficult to generalize.
ok thank you
FICC is a very broad area so sort of an impossible question (ie some banks may do certain desks, some may not, some have gutted, some havent etc).
My 2 cents, for equity derivs vanilla options, on index you will have around 4-5, on single stocks around 4-8 (depending on how much flow there is).
Anomaly is one bank last year that only had 2 single stock options traders at one point.
ok thanks. so are there like 4+ traders handling only US treasuries, for example? i mean, at a top fixed income BB like Citi
on the rates floor at Citi there are at minimum 100 traders
Dolore commodi voluptatem facilis. Ad ipsam eum nemo est et aliquid qui sed. Enim sint et delectus quis laborum repellat. Excepturi dolorem velit repudiandae.
Voluptate et ea nisi cupiditate delectus. Harum vel veniam voluptatibus vel ut nisi. Voluptas repellendus nemo rem accusantium eos sunt. Aspernatur unde quos aspernatur et aliquid sunt. Earum est assumenda id similique molestiae ipsum architecto deleniti. Explicabo quas aut debitis voluptate aperiam possimus repellendus distinctio.
Recusandae consectetur qui ipsa voluptas numquam illo. Voluptas ut quam sunt voluptatem sed. Quod qui quia iste.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...