HSBC Trading

Secured an internship with HSBC Global Markets for trading.

I was wondering which are the desks I should best approach in order to secure a full-time role. Would appreciate if someone on this board with better insight could advise.

I know HSBC's strengths are in Emerging Markets and Foreign Exchange... but am not sure where I can check for more detail information.

5 Comments
 

So it doesn't matter then? I was told it gonna be more like a "matchmaking" process...

so you gotta be proactive in approaching the desk you wanna work in.

 
Best Response

Rates, metals, and FX. HSBC is crap in equities. The credit team is okay, but nothing special. Try to get on the rates, hybrids, EM rates, EM FX or options desks. Each of the product classes has a derivatives desk, and I think EM FX options is one of the better teams. Ashwath Venkataraman is their main trader, and he's pretty good. The other two guys on that desk are D-bags.

The G10 FX options desk isn't bad either, but some of the guys on it suck, so you have to take that for what it's worth. Stay away from fund derivatives, equity finance, G10 flow FX, and G10 Forwards (they're boring to trade).

The rates guys are cool. Maybe try to sit on the cross-currency swaps or swaptions desks. The long-dated USD swaps and govies traders are cool. They only have 1 super-sovereign trader, and I think he left recently, so I don't know if you can sit with the agency trader.

They don't do municipals in London, so don't look for it.

Sit with whomever you get along best with.

 

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