What are the most profitable trading desks in Europe and America
Anyone have any idea on this? Which trading desks (individual desks) are making the most money in terms of annual desk PNL?
Anyone have any idea on this? Which trading desks (individual desks) are making the most money in terms of annual desk PNL?
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Ray1212, hey, look at the bright side, at least you didn't get a ton of monkey shit thrown at you...here is my best guess on threads that might be helpful:
No promises, but thought I'd mention a few relevant users that work in the industry: Aldo-Claparols Washedupandburnedout mattymo19
You're welcome.
Depends on a lot, not only on which institution as all of them have different strengths but also the general climate of the market. From online:
1984-1990: Junk bonds
1990-1994: Convertible arbs
1994-1996: Commodity futures
1995-1998: fixed income arbs
1997-2001: Tech M&A
2000-2001: Energy spot trading
2003-2007: Oil/Gas futures
2004-2007: Mortgage backed securities (Synthetic CDO - think subprime)
2006-2008: Credit default swaps
As you can see none of these "hot products" lasted for more than a couple years.
Anyways, the latest wave of bank quarterlies revealed that a large amount of revenue was from equities. Would not be surprised if it was mostly D1 since a lot of hiring has been happening there over the past year.
D1/synthetics desks probably. While they may not be the #1 PnL performers they are most likely have the steadiest PnL.
Also, convertible's desks tend to crush it. Big balance sheet usage and strong pricing power.
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