What is trading like at ibanks or places like blackrock?
Just out of curiosity, what is trading like at i-banks or places like BlackRock? Is it different from proprietary trading at Jane Street or DRW? Does BlackRock do day trading or is more long-term investing? do they trade derivatives too?
Thanks
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thanks for the help, no one said i was an expert at this stuff
as opposed to where? i was at a bank
Trading at blackrock is primarily execution trading. They don't day trade, its mostly long-term/index stuff plus high frequency quant with bgi.
BGI=BArclays Global investors? Please elaborate
trading at ibanks is market making - therefore geared towards meeting clients needs (with prop mixed into it)
prop firms are all different, a lot of them also make markets but on exchange traded products. Shops like JSC do not really dive into interest rate swaptions but stick to liquid products like stock options.
trading at places like blackrock? (Originally Posted: 07/31/2013)
I'm not 100% sure but it seems to be mostly finding best execution for PMs. Is it a good role and where can you go after? What are the possibilities of going to a sell-side bank as a market maker, becoming more of a portfolio manager, or joining a hedge fund after some experience?
I deal a lot with institutional clients like that, but I would most likely never hire a buy-side trader to become a market maker on the sell side. A trader at BR wouldn't make it to PM from internal hiring (unless he/she is fcking brilliant) due to the vast number of potential PMs that would make the jump from one fund to an other.
so any kind of trading job on the buyside (except at a hedge fund and prop trading firms) should be avoided? particularly trading roles at investment management / mutual funds?
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