What does it mean to run a desk
I’m a noob and met someone fresh into their career yesterday that told me that they work at a smaller bond shop ~$20B AUM and run the arb desk. How does a 22/23/24 year old already “run a desk.” Are they a child prodigies and already been in that job for 20 years?
Small shops will sometimes only have 1 person look over a particular book or strategy, so this is probably what they mean. Definitely a stretch to say they "run" the desk. The people who actually run / head the desks usually trade less than the traders working under them and spend much more time in meetings with risk / bizdev / ops / quants / tech etc.
My firm is sales leading...meaning the sales guys have all the real power. I "update my options excel model everyday" and give them a price, they add on margin my book makes money I execute the trade with my broker. Next day, new sales guy same thing. End of the day I run the P&L.
I run the desk. For some reason at "bonus time" I get 1/3 of my expected bonus...wtf I run the desk...Sales guy though seems to be looking at a new sports car...Strange.
hahahah
Id sapiente itaque unde asperiores et debitis. Hic similique porro magnam aut aut laborum quaerat.
Voluptatum eligendi iste id omnis sit culpa aut omnis. Aut quia ea odio vel exercitationem porro. A doloremque quae magni quos. Consequatur repudiandae laudantium sunt saepe eius.
Et deserunt quos enim. Quibusdam qui iusto accusantium harum fugit. Porro quos harum qui aspernatur ad sit inventore reprehenderit.
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...