Series 57
Currently a mid level compliance guy at small boutique bank. Recently passed my series 24, my goal is to end up with the preferred/convert desk. They now want me to take the series 57, my end goal is to eventually end off in rates or something along the lines in fixed income. My question is, is the series 57 beneficial for fixed income or credit trading.
The Series 57 exam is primarily tailored for individuals involved in equity trading, particularly proprietary trading, market making, and algorithmic trading. It is a requirement for those engaging in trading activities on behalf of broker-dealers. While it is not directly aligned with fixed income or credit trading, obtaining the Series 57 could still be beneficial in demonstrating your trading knowledge and versatility, especially if you're transitioning from compliance to a trading desk.
If your ultimate goal is to work in rates or fixed income, you might also want to explore certifications or licenses more relevant to those areas, such as the Series 7 or Series 63, depending on the specific requirements of your target desk. Additionally, gaining expertise in fixed income products and market dynamics will be crucial for your career progression.
Sources: Day to Day of Investment Grade Credit Trading, The Progression of a Fixed Income Trader, Cash Equities in This Day and Age, Insights on Fixed Income Trading
bump
you work in compliance, you are getting an opportunity to get sponsored for s57, and you are being picky?
not picky, im just wondering if its beneficial for fixed income
find the desk you want. find the person who has the job you want. check on broker check.
they dont have? you dont need and it wont help you
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