What are the advantages to sales and trading over Investment Banking? What should your interests be to go into Sales and Trading? what types of technicals do you need to know for Sales and Trading?
First some background, I am a senior and am heading to a quant shop for full time this summer. This past recruiting cycle I received offers from Two Sigma, Citadel, Old Mission, Hudson River Trading, DE Shaw, Jump, and Five Rings Capital for positions ranging from pure dev to pure quant. I study...
Is there anyone in equity sales or salestrading here who is willing to answer a few questions for me?
So, I failed the Series 3 today. Supposedly, this was supposed to be one of the easier, if not easiest FINRA exam. To provide context, I passed the 7, 63, 57, and 4 all on the first try. I was not able to complete the 3 due to spending a lot of time on those long math problems. I...
Hi everyone, I am considering an offer from an O&G supermajor for their TDP. I understand that not everyone who graduate from these programs end up with a trading role and might even end up in the commercial stream. So in the case that there is no seat at the trading desk for me after the...
There is a lot of wrong information on this board - most likely posted by ignorant high school / undergrad students who clearly don't know jack. One piece of wrong information that keeps popping up is that computer science is massively helpful for sales and trading (S&T) at a <abbr...
I've secured an <abbr title="Sales and Trading">S&T</abbr> role at a <abbr title="bulge bracket">BB</abbr> in <abbr title="New York City">NYC</abbr>, but when I was applying last year, I was flirting with the prospect of...
Hey guys, I am recently struggling between the offers of an <abbr title="full time">FT</abbr> MO position from one of the <abbr title="bulge bracket">BB</abbr> and an <abbr title="full time">FT</abbr> <abbr title="Sales...
So I've been using Kaplan after using PassPerfect for awhile and feeling like it was doing me no good. I read the majority of the Kaplan book and I'm taking QBank quizzes now. I alternate between doing 10-15 at a time and then doing 125 when I have the time. Right now I'm...
Hey y'all, Just out of curiosity, what are the most popular desks for summer interns to rotate? ...
So in currently interviewing for an LNG trading role but from all of the info I can find, it seems to be a fairly underdeveloped market. I am fairly junior in my career so I'm not looking so much at the short term but I would like to know if now is a good time to move into the...
Hey there, I'm pretty new in Python and would like to ask a quick advice Which way do you think "preferable" to calculate drift? Thanks monkeys
To make your mind work properly, it has to experience positivity. There will be no good positivity in the trading business without traders being honest with themselves. Because it does not create any kind of illusion for the traders. All of them remain in the real world. Then the proper trading...
Whenever I watch or read interviews with successful traders they always stress the importance of risk management. How exactly do professional traders calculate risk (formulas etc.)? Are they simply looking at <abbr title="value at risk">VAR</abbr> or are there more advanced...
Why does my FINRA profile state t hat I passed the Securities Industry Examination (SIE) on October 1, 2018 when I have never taken such an exam? I have passed 4 other FINRA exams, however. Thanks.
Hello all, I was recently contacted by a firm called ACT Commodities, which specializes in the niche environmental commodities trading space. They are a small Dutch-based firm trading a variety of environmental commodities, such as renewable energy, biofuels, etc. After talking to their HR...
So with two months to go, I thought it would be a good shout for all those about to start <abbr title="sales and trading">s&t</abbr> internships to give a couple points of advice on things you should be doing before you start in 2 months time. Im hoping more useful tips...
So I'm a full time prop trader at a market making firm and I've been looking to expand my knowledge. I have a basic understanding of programming and a pretty solid grasp on math but I'm no quant. Really, I want to expand my horizon as a trader and want to ask you all if you think...
I have never come up with any trade ideas outside of equities, so I don't actually understand how it works really. I know what <abbr title="fixed income">FI</abbr> products are and the basics of <abbr title="fixed income">FI</abbr> but what does a...
Mostly Random Dude
Need a favor from the community. Was interviewing a guy today and asked him a few intermediate options questions. Since he failed to answer any of them, I wanted to check if people find these questions overly difficult. (1) When would you early ex an American call? Is there any uncertainty...
Does anyone have a PDF copy of Moyer Distressed Debt Analysis? Just started <abbr title="full time">FT</abbr> in <abbr title="fixed income">FI</abbr> <abbr title="Sales and Trading">S&T</abbr> and need a copy to reference for...
Would love to get a discussion going among physical (and financial) oil traders about the current trading environment around the Texas/Oklahoma Triangle. Spreads are beginning to blow out on the production forecasts and fundamentals in the Permian as Cushing drew through the first quarter. ...
Hi, I'm a junior trader at a middle market bank, wanting to lateral to a <abbr title="bulge bracket">BB</abbr>/prop shop. Could anyone please share their knowledge or experience about lateralling to a trading job? While there seems to be some posts about lateralling...
Due to my lack of knowing many experienced traders I wonder what happens to those who start and get laid off after 4-7 years, or even longer, for those that make it to 32/33 and due to one reason or another get cut, what sort of career options are available to them? I'd hate to go back to...
Hello all, I have heard it said that oil majors (particularly BP) turn out impressive physical oil traders. Does anyone know what it is that a place like BP teaches its junior guys that other places don't or can't teach as well?
<em> Moderator Note: This post originally went up 07/2012 and we thought it deserved to go back on the homepage for those who may have never seen it.</em> As someone with a non-finance/economic educational background, how easy is it to break into the 'oil trading arena'?...
Hi guys, As I am having my internship starting within two weeks, I just wanted to ask around what skills you have found to be important in your career as a trader or something related. I am going to work for trading firm as an algo trader, with not much of computer science backgrounds....