Silver BananaTopic
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Citi Drug Testincoming S&T SA @ Citi...anyone know when drug tests happen / how long they give you? signed offer back in January still havent heard...
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Electronic Trading Desks Anybody have any insight on electronic trading desks? How does it it compare to other equity desks? ...
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Ultimate Labs CBD Oil plan that works which **Ultimate Labs CBD Oil** plan that works which would assist you get thinner unexpectedly and effects. With such a selection of crummy ingesting methodologies obtainable it is anything but tough to get diverted and confounded by using the...
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BB PWM to Institutional Sales?As the title suggests, I am looking for any ideas on breaking into institutional sales from PWM. Currently I am an analyst on one of the largest PWM teams in Chicago, but S&T is where I want to be. I'm open to any product really just want a foot in the door to S&T. I've been pounding the pavement tr...
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"Tell me everything you know about the NASDAQ" Hey guys, Today my friend that is not studying Finance asked me this. I really didn't know how to approach it. How would you answer this question to someone who has no knowledge of the stock market; beyond simply stating that it is an ***exchange to buy and sell stocks online?***...
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Company Interview: Akuna Capital LLC - Junior TraderI applied for the Akuna Trader Internship, but a recruiter emailed me regarding the junior trader position because I graduated and am not qualified for a internship role. The process is very smooth, first round 7mins mental math and 15 mins sequence questions. Mental Math questions are double digit...
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Differences Between Exotics DesksAre there any differences in the type of person that works and the type of work on a credit exotics vs interest rate exotics vs equity exotics trading vs fx exotics desks??...
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Fitting CurveIs it important as a trader to understand the fitting of the yield curve and actually learn how to construct it? The splines, parametric models and etc?...
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Front Office Quants (strats, AES, MSET)Front office quants(strats) are becoming more popular and less akward than the traditional foreign PhD guys without a life. But what are the different groups called and a small description of their tasks? I have only met personally the GS Strats group but know of the following: * Goldman Sachs - St...
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Breaking in Debt Sales at BBHello everyone, I will be starting to work at a BB at the Institutional Debt Sales team as an intern in near future. I would like to know if there is any tip, do's and don'ts, warnings, information, stories. Anything on the sight matters! Thanks...
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Has anyone taken the Series 57 yetI am about to start a new job equity trading and originally thought I would need to take the Series 55. As of January 2016, the Series 55 is no longer the Securities Trader Exam, it is now called the Series 57. Have any of you taken the exam and if so, which service did you use for exam prep/pract...
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AMA: Former BB Rates Trader - Now a prop traderI've enjoyed this forum, and i see lots of people without a clue asking questions about trading, so i thought i'd do an AMA... My path was non-standard, but i've seen others with a similar path to my own. My Path --> Non-Target state school --> Job in BB IT (programming) --> BB Rates Trading Desk ...
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Front Desk Quant in BAML vs Quant Strategy Trader in KnightFor Knight it is the electronic trading team, I will do HFT stuff there. For Merrill Lynch it is the FX trading desk. It is a front desk quant role. In terms of the base salary and sign on bonus, Knight is 30 % higher than ML. Anyone know the typical bonus for the two roles? Which one will you choos...
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Do traders really make more money than desk quants?Just wondering if total comp between quants and traders at tier 1 IBs are much different at relatively junior levels, say 3-5 years experience. Been offered a trading position (currently quant), and trying to decide whether to bite... Note that I'm talking about a traditional trading role at an inve...
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Company Interview: TransMarket Group - InternThis company (unlike most I interview with) actually asked behavioral/fit questions, went through my resume, asked about the math classes I've taken and (because I took lin alg) asked me Linear Algebra questions. Afterwards, we did the more usual probability/game questions. One I remember is: The i...
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Company Review: TD Securities - Average S&T ExperienceAbove average happiness at this role. The team was great and a lot of fun to work with. Also a lot of space to learn, with a lot of the guys on the team being pretty large titans in the S&T industry.. Like any other Sales and Trading internship, there was a lot of coffee and lunch runs that went a l...
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Company Interview: HSBC - Global Markets Summer Analyst Nothing super out of the ordinary, but make sure to have a solid view and opinion of the direction of the markets and global economy as a whole as they will try to spark up a conversation about that in the more technical interviews. Behavioural questions aren’t necessarily what I’d call standard...
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Msc Agribusiness --> Trader Trainee ABCD ? & EU vs USA ?Hey all, what are your thoughts on Masters programs, especially Agribusiness, to land a traineeship in trading softs with an ABCD company? I hold EU+US citizenships and am currently finishing my BBA in Europe. Now, I would like to work a couple of years in the US. My understanding is, if you want...
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VIX Has Turned Into a Roller Coaster Been asleep for the past week? Well you have missed some highly volatile trading going on in the markets right now. Beginning with the selloffs that began at the end of last week, the market is in a volatile state. The DOW has erased all gains YTD. To get a sense on the amount of volatility one can...
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How are the trading opportunities in energy and what is living in Houston as a young professional like?I'm a commodity trader with a couple years experience in soft commodities. I'm currently in the upper Midwest and it's -2F outside my office. I know Houston is a major trading hub for commodities, particularly energy. How do people feel about the trading opportunities in oil, gas, and electricity...
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Sales AssistantHi Everyone, I am a NY-based recruiter who specializes in placing candidates on the sell side in equity sales, fintech sales, research analysts, and corporate access. I am currently working on a few positions that are somewhat entry level and do not know where to look! Can anyone give me some insig...
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Company Interview: BlackRock - Investment analystI was asked to figure out a couple of probability questions. One was about 2 vases and 100 marbles. 50 white and 50 black marbles. I could distribute the marbles between the vases any way I wanted and then the vases, which were opaque, would be arranged so I wouldn't know which was which and I would...
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Corporate or institutional sales? Pros and cons.I'm starting a job at a large IB in the sales department and need to decide between corporate or institutional sales. Any help would be much appreciated....
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Company Interview: Jump Trading - Jump TradingThe interview was 45 minutes long and consisted of a straightforward whiteboard question with two separate tasks: 1. Convert decimal-based number to a 16-bit binary representation 2. Represent as 4x4 matrix of 0s and 1s 3. Detect if path of 0s exists in matrix from top left to bottom right cell and...
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Company Interview: Performance Trust Capital Partners - summer internIt was all behavioral, so nothing was really that difficult. We just went through what the program would be like and how I could best position myself for future recruiting as well. I also discussed what I would do on a day to day basis. They just wanted to know if I was a personable individual and i...
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Government Bond questionI was reading this article about the size increase in Treasury auctions' becoming imminent soon and the last sentence here kind of confuses me, would appreciate any clarification Back then, global demand for safe assets was high and investors gobbled up U.S. Treasury issues, pushing up Treasury pr...
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Recovering from Trading Career FailureAbout 6-8 years ago...I lost 7mm dollars on a single trade. (while trading on a dealer desk..my official risk limit was 5mm...but i was up more than 7mm before the loss...so this put me back to about flat on the year...my avg daily PnL vol was 100-200k at the time). Was laid off shortly after that...
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Cryan on Equities and Long Rates BusinessesFrom https://news.efinancialcareers.com/uk-en/307309/deutsche-bank-bonuses-layoffs/?_ga=2.137357813.430489637.1517562948-1511014284.1517562945&_gac=1.137481476.1517571840.EAIaIQobChMI7oemzpOH2QIVz5ztCh1XMwcYEAAYASAAEgJYcPD_BwE, "Cryan repeatedly held up equities as an example of a business in which...
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Company Review: UBS AG - Summer InternshipGreat Location, Cool People, Learned a lot of new things. Perfectly timed 10 week internship in New York City. The work day starts way to early. Very steep learning curve. Actually enjoyed it a lot, so not much more sad things. ...
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Company Review: Goldman Sachs - Goldman reviewInteresting work New opportunities Changing environment keeps things interesting Working abroad options. Compensation is lower than peers at other firms Culture is known to be a bit less enjoyable and dry ...
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Company Review: Goldman Sachs - Review of GSSome of the smartest people I've met. Lots of ambition but also a surprisingly fair amount of humility. Nothing to much to complain about, it was a bit political with interns worries about being too transparent. I do remember at times a few of the girls would leave the bathrooms crying due to stress...
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offer compare: Nomura S&T option desk VS blackrock PAG, active investment analytics (NY)Greatly appreciate your opinion. Little bit about me, non-target school with 1.25 yr working experience at a BB in quantitative analytics role. BR pay slightly less than NM. But its not a concern for me. I like both opportunities and I know they drive me towards completely different directions. The...
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Series 57. How is it going to help to get a entry level trader position?Hello everyone, I'm trying to break into the trading field, preferably prop trading. While I'm doing that I'm planning to get a Series 57 during my free time. Is getting certification will boost up my chance of getting an entry level trader job? What do you guys think about it? Any other suggestions...
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Percentage of Electronification in Various Asset ClassesDoes anyone have any feeling to what the percentages in this graphic would be in 2018 (split by each asset class)? See the image from a Mckinsey report on electronification below... So in 2015: Cash Equities: 80% Futures: 90% CDS Index: 80% FX Spot: 70% UST: 70% EGB: 60% Precious Metals: 60% FX Fo...
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Company Interview: PepsiCo - MBA financial analyst InternI did researches before I went in so nothing really surprising. Ask about pricing strategies and new product launch strategies. Typical behavior questions with why Pepsi questions. Work with ambiguous information, lead a team or lead a project. For the case interview, How would you evaluate a new pr...
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Bitcoin - Crash and BurnSeems like BTC is crashing and burning. Honestly it doesn’t look like it’s going to go anywhere positive and I think this might be the end of bitcoin. Thoughts? Any reason why this will bounce back?...
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Company Interview: TransMarket Group - Junior Quantitative TraderI applied online through my school's job board. They scheduled two interviews for me, one technical and one behavioral. The technical was a pair coding exercise with an engineer from the team. First question was on BST traversal and second question was about pairing two sets of arrays in an efficien...
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Binary Options Trading or FX Trading?Hey guys, I am relatively new to investing and I have been trading in the foreign exchange markets occasionally making money, and occasionally losing money. I am very interested in currency exchange so I find all of my research captivating. I recently stumbled upon binary options and was wondering ...
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Mock portfolios... Yay or Nay ?So yesterday I was talking to a guy from sales at a BB when he offered me to review my CV. I had a section titled projects where I had mentioned the projects I had done in VBA related to options. He tells me that it adds absolutely no value to the CV since every one lists it and when he gets a CV...
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The problem with binary options trading!A fair bit of spotlight/scrutiny has been placed on binary options in the past years, with warnings issued from central banks such as the MAS (MAS-Cautions-Investors-on-Risks-in-Trading-Binary-Options-with-Unregulated-Platforms, SEC warns against Binary Options and scams such as the-wolves-of-tel-a...
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How to Trade Binary OptionsI came across new investment option that is binary trading system. can anybody member post some details of this trading system. ????...
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Binary Options - Gaining traction Binary options are gaining traction with retail brokers. The product is easy for the average Joe to understand. Has anyone seen these sites? Are they even legal? I imagine a security based on publicly traded stock must be governed by the SEC? http://www.startoptions.com/options/ http://www.anyo...
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Choosing the right broker for binary options tradingWhich points should take in mind while choosing broker? ...
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Online binary trading options and shay ben asulinHello, I'm writing a paper about the online binary options trading and am trying to get in touch with shay be asulin. I found his Twitter page (http://twitter.com/#!/Shay_Ben_Asulin) but he's not so active there. If any of you have information about online binary options or his e-mail I would love t...
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Goldman Commodities Profits - What happened?Dear WSO, Title is self explanatory - if anyone with experience/knowledge on the matter can shed some light, that would be much appreciated as I'm trying to get my head around this. Bloomberg cites the following reasons for the drop in profits: "One reason is low volatility -- especially in the...
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How I recovered my funds from these scam Binary options brokers! I was contacted by Skyline Markets in May last year. I didn’t know much about trading and I was hesitant at first but the broker convinced me that I didn’t need much experience, and he said that he would guide me and teach me. At first, my trades were working well and I felt like I was really l...
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Rates Strategy Research Analyst Interview HelpHi, I have an interview tomorrow in a Rates Strategy desk. I have a few years experience in FP&A at a Fortune 500 company, but not directly in fixed income, although I do have a BSc in Financial Economics and an MSc in Corporate Finance (quite aware that this is not enough). I've seen on the job...
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Prop Trading Firms in Atlanta, GAI am in the process of looking for a prop firm to work. I have been trading independently for 7 years. Some ups and downs as with any retail trader. I have actively and passionately been in finance and investments, but on paper I am a chef. My strongest passion has always been trading though. As I c...
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Company Review: JP Morgan Securities - Amazing people, top firm in the industryIncredible colleagues, great environment. People are always willing to help and teach you more about the firm, role specific knowledge, and anything else you would like to learn.. People tend to stay longer, but sometimes it may seem turnover is quite high. This is not due to firm makes substantial ...
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Best Latin America bank to work forQuestion for EM/LATAM guys out there.... outside of the US Primaries (Citi/JP/GS/MS, etc), what is the best Latin American bank to work for, on EM/LATAM trading? I have looked @ Santander, BBVA, BTG, etc, but curious which of the Latin American banks clients view as best. Thank you,...
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Failed Traders - Where Do They Go?Of course, we all hear about the Andrew Halls, the John Paulsons, and the guys with apartments on Central Park West, But what happens to failed traders? I imagine that (especially in this recession) there were many traders that lost money and got laid off. In addition, many derivative contracts hav...
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Company Interview: Jane Street Capital - Quantitative Trading InternThe most difficult interview question was this: We're playing a game, and 2 dice are rolled. One of the dice you see, one of the dice I see. If we don't know the other person's dice, but we make a bet on what the sum of the dice are, and the person closer to the real answer gets the amount (in pips)...
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Company Interview: DRW Trading Group - Trading AnalystSome of the quantitative questions asked during the superday really had you make you think. The hardest one was the very first question I was asked, which was a difficult logic/game-theory brain-teaser; this is similar to one of the harder logic questions you would find in Heard on the Street. Duri...
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Why is the 30 year rate so low?Looking at treasury prices, the rate on the 10 year is 2.709 and the rate on the 30 year is only 2.970. Who in their right mind would buy a 30 year treasury over a 10 year treasury with all the extra inflation risk (20 extra years of duration) to get a measly 0.2% extra in coupons? It seems like ...
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Free Derivatives quoting API or excel add in?Hi all, I am currently in the process of developing some simple volatility surface models in excel and am looking for either an API or an add in for excel from which I can call equity option prices with minimal latency. Do any of you guys know of any free software I can use to do this? I've looked...
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Are market-movements random?Okay, so short-term I mean a day to a week. Some argue that price-action analysis helps you predict movement but what about today and yesterday? These gap downs weren't predictable (I don't think) but why do prices gap down like this? Does an algo just randomly pull bids and price drives downward du...
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Company Interview: BP - InternHow much do you know about BP? Why physical instead of paper trading? How do you deal with conflicts? How do you view yourself? The case study which ask you to decide the exploration plan the company should invest, one is high risk high return but will only get the return after a few years time, the...
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Still money in Trading?I’ve heard a lot about how great trading was in the 80’s: there was so much inefficiency that they were basically giving it away. Is there still the same kind of opportunity in trading these days?...
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Company Review: Goldman Sachs - 5Great smart people, decent hours. Entrepreneurial spirit allows you to develop the business as desired. Operational work that requires daily focus - can't make mistakes despite routine nature of job. Can be monotonous....
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Company Interview: DRW Trading Group - Quantitative Trading AnalystStuff I wasn't necessarily expecting to answer was hardest. There was an optimization question that I got partially correct, and I got a different (but still correct-ish) solution. Questions on computer systems were hard for me. Even though I'm a CS major, I haven't really taken a computer sys...
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Prop Trading Firm for EntryI am in the process of looking for a prop firm to work. I have been trading independently for 7 years. Some ups and downs as with any retail trader. I have actively and passionately been in finance and investments, but on paper I am a chef. My strongest passion has always been trading though. As I c...
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Commodity trading internship interviewHi, I have a commodity trading interview for a small firm coming up next week. I'm a sophomore with no experience in trading or the energy sector, just VC. They seem to be mainly trading in NGL. What should I expect from the interview. Technical? All fit? Thanks...
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Sales Trader in: Commodities or Fixed IncomeGood afternoon guys, In term of automation we know that being a sales trader in Cash Equitiy (for instance) is pointless now as the commissions are reduced and everything is done by electronic trading. So I would like to jump into another asset class such as Commodity or Fixed Income. Which of thos...
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Butterfly Trades QuestionWhy do the cash and $duration neutral weighting benefit from flattening of the curve and regression weighting benefit more from steepening of the curve? I thought the wings are neutrally weighted? I understand the long end of the bond has a higher duration, hence, the flattening of the curve is favo...
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Delta One Trading -- Recommended Readings?I'm going to be starting on a delta one desk soon and I was wondering if anyone had books about delta one products (particularly swaps) that they would recommend ...
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Equity Trading - Exit ops? I'm a cash equity salestrader at a BB, and it scares me to see the high turnover since I joined the bank last fall. My associates are thinking of leaving, 2 people were replaced (one got fired for low PnL, one burned out and quit), and the overall team spirit is hanging low. As a first year analyst,...
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Company Interview: Barclays Capital - interest rates swaps traderThey asked me to walk them thru my resume, which took me about 5 minutes. The interviewer asked what my main trading vehicle was...and i responded a couple yield curve butterfly structures where i had the most experience and success. They asked why i chose those structures, and whether i thought t...
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Company Review: JP Morgan Securities - 4Great company where people are doing their best. Smart people all around most of which are highly motivated.. During downturn periods, not enough work days remain long but not enough to do. Can make one feel as if they are wasting their time being in the office....
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J.P Morgan S&T full time Hi, I was wondering if anybody had any insight for what percent of J.P Morgan S&T SA typically get full time offers at the end of the summer? Thank you!...
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Most you have lost off a single investment?When investing or trading in any type of asset class, from securities and fixed income to even cryptocurrencies, you will always lose money at some stage, no matter how experienced you may be. Therefore I pose the question, what is the most that you have lost off of a single investment? Whether it w...
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Market making group exerciseHi, I have an interview coming up that involves a group exercise, I'm guessing that it's going to be a market making game. Does anyone have any links or resources that show and explain how such a game would work? Thanks ...
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Company Review: Bank of America Merrill Lynch - 5nice team and good work related perks, food after 730, work is challenging and interesting.. competitive . can be very long hours and a lot seems to be long in the large amount of people that are there working...
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Company Interview: Jane Street Capital - Research ScientistOnly two questions: 1. A person walks up an escalator at a rate of one step per minute and touches 20 steps before reaching the top. On a another day, the person walks up the escalator at a rate of 2 steps per second and touches 30 steps. Today, he went up the escalator at a rate of 3 steps per sec...
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Company Interview: Akuna Capital LLC - Trading Intern The most difficult part of the interview was the sequencing portion of the first round. There are questions regarding sequences in numbers, which were doable for me personally, but there were also questions involving sequences with letters, which were near-impossible for me to figure out. The arithm...
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Company Review: Wells Fargo and Company - Wells S&TSales and trading hours are great. People generally are nice in North Carolina. Pay is great for hours.. Wells had a tough year in the news. Lots of corporate programs working to fix the black eye which gets in the way of day to day....
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Barclays S&T bonusesAnyone have any idea how much one should expect to get in bonus after a year at Barclays? Speaking specifically about macro division. Know it hasn’t been doing well but would analysts still get paid somewhat close to street level?...
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GETCO vs Jump vs DRW vs Optiveri was wondering if anyone can shed some insight on the differences between these 4 firms in terms of 1) Culture 2) Compensation 3) Work 4) Selectivity 5) Type of People (schools, majors, degrees, etc.) 6) Interview Questions Thank you!!!...
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Company Review: Morgan Stanley - MS Industrial Placement Intern1. Extremely good team culture 2. Great exposure to HF management 3. Given the chance to give presentation in front of senior management 4. Rotate in different teams and extensive exposure 5. Timely and detailed feedback on pprojects. 1. High requirement on interpersonal skills 2. Limited mobility 3...
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Company Interview: MeritKapital - Sales&Tradingquite strangely i was asked to say a joke at the end of the interview :-) it was unexpected and i am not famed for joke telling :-) A difficult question was to give my expectations of the length of the stock market rally and underlying challenges that would circumvent its upward trend. I deem this q...

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