Silver BananaTopicReplies
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Nomura Holdings - Interview - EquitiesQuestions are generally acceptable, about yourself, your past internship experience, your market sense towards the whole financial market. The most important thing is to show your understanding of the markets, so I suggest you to form some of your insights before going to interview. Insights can be ...
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Securities Lending Derivatives TradingHello, I was invited to the position: Securities Lending Derivatives Trading at a BB. Is this just classical agency trading? Or what can I expect? Thank you for your help ...
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UBS AG - Interview - Sales and TradingMost questions were not very hard. What is your story? • Pitch a stock • What would your group members say about you? • How have you challenged your peers or your teacher? • Are you a leader or a follower? • Tell me about a time you questioned a sketchy situation or someone’s integrity...
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Sell Side Trading vs Buy Side ExecutionHey all, I'm having a hard time choosing between two offers. Offer A is trading on the sell-side at an up-and-coming foreign bank, where I will be trading different index, dividend, and merger arb strategies. The people on the desk are really smart and I genuinely like them. The firm isn't very pr...
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Why are EM folks 10 miles wide, but 1 inch deep?So I often read EM traders/investors expressing opinions on Brazil, next China, then Mongolia, then Uganda in the span of 10 mins. Why do they act like they know about every EM (even frontier) and that every country is alike to one another? How are they able to trade country A then country B withou...
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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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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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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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Middle Office to Front Office in Sales & TradingHi everyone, new here and looking for some advice on how to break into the front office. To give you my background, I have a bachelors degree in finance from a non target and have been working in middle office at a BB for the past three years (Buffalo, NY office). I am also enrolled in the Universit...
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Akuna Capital LLC - Interview - Trading1.What is risk neutral probability? A. A risk-neutral measure is a probability measure such that each share price is exactly equal to the discounted expectation of the share price under this measure. 2.Why do you want to become a trader? A. Fast paced environment, spoke about my passion for trading ...
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William Blair NYCI've got a final round with William Blair's NYC office specifically for a Sales role and wanted to know more about the firms reputation and culture. Everyone I've spoken with are only familiar with the SF and Chicago offices so I don't know much about their NYC office (their 666 address feels like ...
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TD Securities - Review - Sales and TradingGreat culture and work life balance. No face time or BS come to work for no reason on weekends like IB. There is menial tasks involved as there is in the industry. Mostly pitching food and coffee, click buttons ...
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Best Brokers to Trade Through with Less Than £10kHi, I've been trading with demo accounts and want to make the leap to experiencing trading with real money. Can anyone please recommend brokerages that are the best value for commission fees?...
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Resources for Learning O&G Transportation and StorageI've been studying for the GARP Energy Risk Professional designation to better position myself for a career in energy physical trading. The exam study materials briefly touch on transportation and storage. I feel like this is a very important aspect of physical trade. Are there any good books, we...
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NYC Emerging Markets Trading: how does a native english speaker navigate the business?So EM trading in NYC, I noticed people can be basically divided into 3 groups. For NYC, it's mostly LATAM. 1) People from Brazil/Mexico who grew up there and traded the local currency onshore products, possibly at the Bank's local branch before transferring to NYC. 2) Portuguese/Spanish speaking A...
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Future of someone working as a GS stratI might get an interview for a GS Strat position in Asia. I am wondering what options would remain open for me from there on. I am willing to get an MFin and then move to the US. I am worried that you dont really get to know what role you'll get as a GS strat. Maybe IBD, IMD, or securities division,...
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UBS AG - Review - Prime BrokerageAdvancement, flexibility, pay, environment are all good. Enjoyable enough atmosphere to work in. Decent training. Movement, advancement (rigid), no real challenging work all process related. Comp issues and impact of own input to bottom line...
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Credit Indices (iTraxx) Trading Does anyone know what Credit Indices Trading involves? I was told that the role would be focused on trading the iTraxx index and that initially, I would be helping the desk analysts conduct fundamental research. However, I was wondering what the role is like once you are actually trading. Are you g...
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FREE Trading Bootcamp Opportunity! Hello all, I came across this cool opportunity, and wanted to share amongst my fellow peers. Any current Sophomore or Junior who is interested in a career in trading should definitely consider applying to Flow Traders all expense paid intensive 2 day trading bootcamp in NYC! APPLICATION IS DUE APR...
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Goldman Sachs - Review - Natural ResourcesGreat desk, highly intelligent and sociable team, great contacts in FICC to discuss their trades and thoughts on current events. Mornings naturally are very stressful, in particular my desk and as a junior analyst I get ignored a lot...
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Why did Alphabet's P/E ratio rise so drastically at the beginning of 2018?I am working on a project in which I am analyzing key financial ratios for Alphabet and using them to assess the company's performance. I noticed that the P/E ratio nearly doubled suddenly at the beginning of 2018. Is there some explanation for this? Is it artificially inflated right now? Thanks...
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Is Institutional Equity Sales going to die?I'll be interning at a BB this summer and have a high chance of rotating on Equity Sales for one of them. I have heard mixed things about this group - some have said it will die soon due to the rise in electronic trading while others say high-touch trading will always exist because people still will...
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Five Rings Capital LLC - Interview - N/AFirst round asked estimation questions, computations, and 1 probability question with 20 seconds to answer each. I can’t remember the specific questions, but you should know how to do some basic numerical computations such as exponentials and logarithms. The second round I got asked more personal ...
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ICAP - Interview - BrokerageWhy you have chosen to apply to this position What attracts you to the role to which you have applied If you have the competencies that are relevant to the industry and the companies culture and values How is interdealer broking faring in the challenging economic climate? What is interdealer broking...
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Deutsche Bank - Interview - TradingA statistics question that asked about the expected value of a game. Cannot recall which exactly but they did not expect actual answers; more focused on the thinking process. Other questions highly based on what you're past experiences are and your interviewing position at the bank. Because I had so...
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Trafigura Grad Program... hours, exit?So my brother just got out of the military and is interested in the commodities firms like Trafigura, Glencore, Vitol, etc. I saw Traf has a cool 2 year, 8 month rotation grad program. He is having a kid though, and doesn't want to be slogging 80+ hours a week. 60-70, no problem. Anyone have any...
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T3Live.com Education - has anybody taken one of their training courses?i'm not talking about exam prep (series 57, etc..)...i'm talking about their T3Live technical analysis training/education for prop trading. Did you learn how to make money prop trading? Have you been able to successfully implement what you learned?...
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UK - Interested in a Career in Structuring/Trading - MSc Finance LSE offer - Happy to provide what information I can in returnHi guys, My first post, I am looking for some advice and happy to offer what information I can in return. I am British, based in London interested in Structuring/Trading and wondering how to break in/whether I would even like it if I did. I understand Structuring is rather niche, but I do find wh...
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What are the best undergraduate degrees to become an exotics rates trader or equity derivatives trader?I'm figuring out what degree to do to become a trader, ideally in exotics or rates trading or maybe structured credit. Should I do an economics, physics or engineering degree?...
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D.A. Davidson & Co - Interview - Sales-They had a technical problem and was unable to pull up my resume so I was asked to verbally explain my resume to the interviewer. Which is a little bit awkward considering the amount of speaking I have to do so in terms I didn't go too much into detail of every single activities I had done so do fe...
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The course of action to make it a success trading journeyHow to become a savvy trader? Is it possible for you to become a savvy trader? The trading success is not something you can grab that easily. Most naïve traders think trading success is simple, so they just try to target trades without much understanding. The Australian traders are not the ones wh...
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Bloomberg terminal access SF Bay AreaDoes anyone know if you can get access to a Bloomberg terminal regularly in the SF Bay Area without being part of a university or trading platform? I'm willing to pay for my use but there does not seem to be any companies or locations who offer one....
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Physical Trading: Best commodities to be in?Hi all, I'm a long time lurker on this forum but I've benefited a lot from all of the discussions surrounding physical trading. Currently an undergrad with internship experiences in Base Metals and I'm looking to apply for grad positions as an entry-level scheduler/junior trader soon. My question i...
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Performance Trust in ChicagoHeard about them recently, anyone have any info on the firm? I'm coming from buy-side experience so I don't know much about the trading world. Also anyone know how Chicago compares to NY?...
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Help a clueless undergrad weigh 2 offers: AllianceBernstein vs Ronin CapitalHi, I'm currently a senior at a semi-target majoring in Math/CS. Little late to the party but after a long search, finally received two offers, albeit pretty different roles from these firms. From my limited understanding, Ronin is a pure prop trading firm and the route I'd be undertaking would b...
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Akuna Capital LLC - Interview - N/AHonestly, I did not expect the video interview to start immediately, but the hardest part was probably the math test before it. The mental math was straight up, like 57 x 36 ( no calculator), but this was followed up by some GA sequencing questions: "what comes next", and these were very hard, but i...
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Lazard - Interview - N/AHardest questions include: First-round interviews on campus, consisted of two interviews. Second-round interviews consisted of Megaday at Jacksonville offices ( 6 interviews with each of the differrent divisions (Equity, Debt, Research, Sales & Trading, Investment Banking, etc.) + a group exercise. ...
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Could someone enlighten the world of equity derivatives for me.. I recently had the pleasure of networking with a BB trader and one of the things he told me is that he thinks one of the best seats to get on a trading floor is a position as an equity derivatives trader, especially if you're interested in transitioning to a macro fund. Any idea why/if this is tru...
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Equities Delta One - Hot or Not?Heya guys, I was wondering what's the consensus on equity delta one trading desks? - What are exit opps to the buy-side like (which funds typically take on delta one traders, if any) - How transferable are the skills to other desks - Compensation - Longer term prospects including how susceptible are...
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Small prop shop offer: is it a big deal?Hey fellow monkeys, I have gotten an offer from a small prop shop in Amsterdam Area (60k Euros pa + Bonus). My other offer is from non-MBB (think Accenture/ATK/LEK/Strategy&) in consulting role in India. I would definitely choose Prop Trading over Consulting for a similar level firm but here I am c...
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JPMorgan Chase - Interview - Prime Brokeragetell me about a time where you worked in a group and how you participated for the success of the task at hand. i tried my best to answer but had a difficult time due to the fact that i am rarely in a group setting or working in a group i was able to think of an actual experience from high school and...
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Delta 1 Trader JobWhat risks exactly does a delta one trader manage (on the sell side). Is this quanty or a CSey or a non technical type of job? What are the possible exit opportunities?...
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Analyst pay 1st/2nd/3rd year in S&T Canada (2017)?As an intern, just wondering what the prospects look like a few years out in Canada (Bay St). If possible please split between base/bonus. FYI I'm interested in knowing about FICC S&T not equities. Thanks....
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SA 2018 S&T CanadaSophomore Canadian university student from a non-target. Anyone have any numbers regarding the number of offers/positions each of the Big Five recruited for S&T SA? (since I am assuming the superdays for all of them ended and offers were sent out)...
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2018 Sales and Trading Recruiting (Intern)Hey guys, there's too much IB and not enough S&T. So lets get a thread going on the recruiting timeline for Sales and Trading. Comment below with any info that you have. Feel free to ask questions along the way!...
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Crude Oil broker/traderHi Any recommendations for domestic or global crude oil trader/broker who can trade VEF (Venezuelan Bolivars)? Feel free to PM me with any details. Thanks ...
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Optiver - Interview - Sales and TradingI have had multiple questions in the IQ test where you need to logical reasoning. This is called syllogismn and annologismn. You can train this by drawing ven diagrams. Further more you need to have a clear view on the business core business. HFQ trading, market making, liquidity providing. Your Eng...
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Equity Delta One DesksSo I've done some online research before posting this topic and am still unfulfilled. I interned right next to a Delta 1 desk last summer but never really inquired much about what they did since I was usually too busy with my own desk. From my understanding, an Equity Delta One desk trades derivati...
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Power vs Nat Gas for Starting outHey there, Will be joining a physical commodity shop for this summer. Given the choice between a power or nat. gas desk, which one would be a better place to start? Thanks! ...
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Bank Interest Rate CurveWhat exactly is a "bank interest rate curve" and what does it consist of? Is this similar to a normal yield curve? ...
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How to keep in touch with past co-workers?Hey guys, I'm looking for some insight on how to keep up past co-workers in a genuine way. A bit of background, I've done several internships in S&T and although I will be interning at a different bank this summer, I really liked the associates and directors I worked with at my old bank. They told m...
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Optiver - Interview - Investment ResearchSorry, i dont have any unexpected questions by far, i just want to unlock the experience , once i have such interview question i will post here. In each box, please start by listing a question you received, followed by your response (optional). Please try to phrase as a question and/or be as detaile...
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Why are American steel producer stocks falling ? Tariffs are good for domestic producers. Why are they falling ? It is quite counter intuitive right - they should go up. ...
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Moving from IBD to SalesI'm currently an analyst in M&A. I work at a middle market bank, have some deal experience, been doing this over two years. I'm thinking about where I want to take my career and feel that I could be a good fit in a sales role within S&T. I guess my question is, how the hell would I go about mak...
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Barcap front office or GS Ops/Credit RiskI'm a recent new grad. I've received offers from -Barcap front office (sales) -GS Ops/Credit Risk To be honest, I plan to exit finance in around 3 years for a B-school or another industry (i.e. IT) Given I am looking for the best environment to learn transferable skills + impress future interviewer...
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Five Rings Capital LLC - Interview - TradingSome fit questions-- why interested? What are you looking to get out of this experience? How many hours would you work per week? How many hours would you work if paid 50% more? How many hours would you work if paid 200% more?... Asked estimation questions-- e.g. how much is the (meat) jerky business...
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Goldman Sachs - Review - TradingGood culture, super helpful mentors, Competitiveness, very supportive leadership team, don't need to come and work on the weekends. High Pressure ( too competitive); expected to produce error-free work upon submission, have to show positive attitude every second ...
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Morgan Stanley - Review - Equity Capital MarketsI enjoy learning tons at my new position at Morgan Stanley. The company has a lot of resources and great technology. . I have nothing to complain about since I just started other than how long it takes to onboard. But I think that is true everywhere. ...
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Jane Street Capital - Interview - RiskThe most difficult questions were asking about the optimal strategy for a dice game where you have to roll a 100 sided dice and then you get money based on the number you roll. However you have the option to pay 1 dollar to roll again and u can continue doing this indefinitely and the question was a...
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Technical Analysis ... Astrology?Hi, So what are your views on technical analysis? Correct me if I'm wrong but the basic premise is thus: The market collectively reflects all currently knowable information - and therefore it is a waste of time to look any further than price and volume charts (and to some extent open interest). Is...
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DRW Trading Group - Interview - Prop TradingSome mental math questions. What's 48 * 72? What's the square root of 29? Then we get to the markets. Where is the fed rate right now? Talk to me about a recent deal you've seen. Talk to me about a stock you like. And it's industry? Who are all the governors on the Federal Reserve Bank? What level ...
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ERX Pro boom of facial hair. In other words**ERX Pro** boom of facial hair. In other words…if you’re a person that desires to be a woman or visa versa then this drug might also just be for you those are only the bodily results. there may be a huge type of intellectual side outcomes that the drug can implement at the user. these encompass...
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Five Rings Capital LLC - Interview - Prop TradingIn the first round, the estimation questions were fairly difficult, For example, was asked to estimate the number of fish in the sea and the total revenue for beef jerky market in the US. Math estimation questions included being asked to determine the derivative of x^x at x = 2, finding 5^3.6, ln(51...
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Mutual Funds vs. Shares Hi, If one purchases a mutual fund, is this considered the equivalent of purchasing securities that are part of that fund? Would it be accurate to say the one owns stocks if one only owns them via mutual fund? Would one then be allowed to vote for the board of directors if one only own the stock ...
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Are there summer trading Internships for college freshman? If not, what are the alternatives?Also, is a PWM, corporate finance, or corporate banking internship too far away from sales and trading in freshman year? Am not a diversity candidate, and am looking toward working as a trader at a BB, hedge fund, or prop shop in the future....
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Bank of America Merrill Lynch - Review - SecuritiesGiven that I wasn't successful landing a summer internship, having a chance to interview for this full time role was all that was needed. With that said, hard work paid off and referral has played a huge role in my success, Although I am enrolled in a target school, non-targets has been convinced th...
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Bloomberg Terminal - CMBS/CRE CLO search questionCan anyone please help me out here? I am looking for CRE loan/property level data via Bloomberg terminal. I have had great success accessing CMBS data tapes and being able to sort through info on the property-level collateral. I would like to look at mortgage maturity dates in CRE bridge loan CLOs...
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HSBC Job Similation Test (Digital Interview) Trading/London Hi everyone, I got a digital interview invitation for HSBC Graduate Program in Trading /London. I was wondering if anyone can please share your experience? I found very few articles talking about this, hope someone can share it in more details (e.g. what types of interview questions and does it as...
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Akuna Capital LLC - Interview - Quantitative Researchthere was nothing unexpected about the questions, since this was a quant trader role i was expected to be competent in both algorithms and math. the first round was a phone screen which i did not manage to pass. the questions were pretty standard like brainteasers in the math part and algorithms lik...
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What is Crypto for u?What is crypto for u? This is rly important question, so, which cryptocurrency u use and why? Thinking about trading, cus i know some guys who have big profit from crypto...
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Jane Street Capital - Interview - Tradingthe first three over the phone interviews were fine, they were simple relative to the final round interviews. just expected value of a game, coin flipping questions, an auction question and a programming question. the in person interviews were a lot harder. i did not expect or prepare for the market...
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TD Securities - Review - FICC - Fixed Income Currency and CommoditiesFair pay, great benefits, good work-life balance. Desk are lean and provide junior team members with above average responsibility. Really nothing to complain about - would like to see junior team members travel more and engage with clients on-site. ...
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Learning suggestions? Good Evening, Short Version: How should I go about learning to trade, any particular books/courses/videos etc. I know that this is a way to make money and if you are that good why would you tell other people and so most courses etc are just scams but I really want to get into it more. I would lik...
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How to handle a cold call to a potential investor? (interview prep)Hi everyone! I will have a job interview in which I have to do a mock cold call. I will be calling a potential investor that may be interested to invest in hedge funds, so a High-net or a financial institution. I need to ask the investor questions about their investment preferences, so I get the n...
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APP Securities - Interview - Global MarketsThey expect you to know a bit of financial analysis/valuation for the role. Most students who are in their 1st, 2nd year of uni mainly know DCF and relative valuation, which is pretty standard. However, it will not necessarily impress the employer as everyone basically know these valuations. The rol...
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HELP REQUIRED - GUIDANCE: COMMODITIES TRADINGDear all, In brief, I have been working for around 2 years in the Middle-East in trading of soft commodities (physical) and I have acquired various operational & business skills in trade finance, logistics, market research, and business development. Prior to that I had worked for 4 years for a le...
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JP Morgan Securities - Review - Fixed IncomeI work with a nice team that respects each other. Also, the work/life balance is better than average. The city is kinda boring, would have much rather worked in Los Angeles. Also, HR is very annoying and tough to deal with....
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BP IST Internship application update email?Applied for the BP internship a few weeks back and recently got this email from them. "Thank you for your interest in BP. At this time, we are pleased to advise that your application has been progressed for further consideration by our hiring teams. We appreciate your patience as it may take up to a...
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Morgan Stanley Fixed Income Internship InterviewDoes anyone have any experience interviewing for the summer internship with Morgan Stanley Fixed Income? What kind of technical questions should I expect? Any general advice? I searched WSO but couldn't find too many relevant threads for the Summer Analyst position. Any help would be really apprecia...
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Role of Quants in Credit Investing/ Trading: ABS, Structured Credit, Corporate LoansThe evolution of credit trading electronically and potentially automatically is all but guaranteed. What are current Credit HF, and other investors/ trader of credit doing at the moment on automating credit trading? • Banks • Regional banks • Finance companies • BDCs • Institutional inv...
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What internships can lead to a sales and trading jobI am a junior interested in doing sales and trading full time when I graduate and have a financial advisor/sales internship for this summer. I was wondering if I will be able to have a decent chance at still getting interviews for S&T full time next fall...
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Any success with cold emailing to secure internships/work experience? (Europe)I am a first year undergrad at a target university in the UK and understand that cold emailing is very common in the US. I was wondering if cold emailing people at BB's/Boutiques regarding internship/work experience opportunities in London or Europe in general is just as acceptable? If so, has anybo...
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Deutsche Bank €5.9 Billion forex proft in 2008Does anyone have knowledge they can share on the DB (C. Bittar trader) fx trades made in 2008? I haven't found much on the topic on here, and think it's a worthy subject to delve into given the level of risk and consequence it had on DB. What was the strategy and logic behind the trades and could i...
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Optiver interview probabilities Hello guys, I am having an interview with optiver and I am looking for any book that could help me prepare for probability queStions involving cards. (There are also questions about variance).I heard that optiver uses them a lot. If anyone has any clue about the questions I would be really gratef...
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