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+56
Female Bullying in Prop Firm

a5hleybmw

Thanks Everyone for the responses! I will update with any notable progress. ![thumbs up](https://media2.giphy.com/media/GCvktC0KFy9l6/giphy-downsized.gif)

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AMA: former BB market maker (trader) for US Treasuries - now a prop trader

faceslappingcompilation

I started out as a desk analyst, doing spreadsheet and programming things for all the traders on the government desk. I went to a non-target state school, and my entry job to the ibank was in the IT division as a VBA Excel and SQL database developer (back when that was special). After a few...

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AMA - Commodities Trading, Alternative Investments, Alt Data

Commodity101

Experience spans across energy commodity markets, <abbr title="Sales and Trading">S&T</abbr>, alternative investments, strategic busdev, corporate strategy leadership and risk mgmt. <h4>My Background:</h4> <li><abbr title="balance...

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+1
How much are you able to generate in terms of annual PnL?

annabelle.p

I got an interview with of the head of the Derivative Sales from an investment bank: how much do you think you can generate in terms of annual PnL? Could you please give me insights how I can respond to this question?...

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Switching asset classes

Lester Diamond

I've searched this a little, but didn't get the answers I was looking for. I'd like to work on a new desk and wanted some advice on how to get there. I currently work in equities (a niche kind luckily, we haven't been getting killed relative to broader equities mkt). I've become more and more inte...

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Stock Quint- A new launch

Stock-Quint

Stock Quint is one of the trusted names in the arena of financial services. We provide our customers and investors with the stock market services and the entire panorama of advisory services at one place. We are an organization giving the latest research...

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Credit Sales Opportunity - pre interview preparation

SM1689

WSOT, I’ve been shortlisted for a credit sales opportunity in Asia with a key focus on Aus clients. Best pre interview advice? What type of questions should I expect, and what should I be covering? It’s a small team, who are looking to grow the desk by targeting real money pension funds in Aus. ...

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Is there a difference between procurement and merchandising? (PHYSICAL TRADING QUESTION)

HotDuck

What are the differences between procurement and merchandising? I understand that merchants serve as middlemen in the global distribution of goods, while procurement sources materials for manufacturing, but are they more similar than they are different? Do people with procurement history transitio...

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What are the most interesting trades/investment theses you've Seen?

TheRoadLessTaken

There have been many legendary trades/investment plays that have transpired over the decades. Paulson's short of subprime mtgs., Bacon's bet on the Kuwait invasion, Chano's short, etc. These were simple trades, but not EASY trades because of the amount of research and capital investment that was put...

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Is the Institute of Trading and Portfolio Management for real?

Spike Spiegel

Seems to make sense how the founders have talked about the prop trading ban/Volcker rule at major banks killing the upside to being a trader at an Investment bank. Is the 3k price tag reasonable? I can't find the track records of any of the traders who run the program at all. It seems like a too goo...

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As vague as it sounds, how do I "get good" at this job...? *details below*

oelralfrich

So, I'm in a little bit of a bind at the moment. After the long, non-linear 6 years it took me to complete undergrad due to switching majors halfway through (from business to math&econ) and delaying my graduation twice to get the front office summer analyst gig I needed if I wanted a chance at full ...

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+4
PetChem Trading?

GoodBread

Might be a bit niche but does anyone here know much about the petchem trading industry? Like who the main players for BTX aromatics and methanol/ammonia? I can gather that on the ammonia side Trammo and Ameropa are big, and that Methanex is the world's largest methanol producer/distributor, but apar...

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Resources for understanding options and related strategies

caeq

I'm looking for a resource that's cheaper (and maybe shorter) than Hull to more intuitively understand options, greeks, etc. I've read a lot of websites but though I can follow the math I'm not "getting it". I'm coming from a fundamental analysis background. ...

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Self-learning and research after work hours for Market Makers/Traders

ridersonthestorm

I start working on a vol desk at a BB this year and was wondering how much time the traders here spent in their early years doing research/self-learning over the weekends/after work ? While I understand the work-hours as a sell-side trader, how much effort they put into what they do after work hou...

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+8
Trading Vol in an IB - what are the good resources for Rates, Credit, FX, Equities? Market-makers' help greatly appreciated

ForTheDream

Hi guys, I'm a junior market maker at a US bank working on a desk close to the vol desk in my asset class. I am very passionate about the Vol side and I have created this thread hoping that it will become a primer about the different resources people should use to learn about vol in different asset ...

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Demystify Stock IOI

senothocli

What is Equities stock IOI (Indication of Interest)? Type IOIA in Bloomberg. It is a way for brokers to advertise its block liquidity out. There are two types of IOI: 1) Market making IOI Broker Dealer (BD) think they have alpha on a stock, so they actively want risk even they don’t hold underly...

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+2
Discussing Internship Program over a Beer

Kevin-Alvarez

Long story short I have been networking through LinkedIn and today I was on a phone call with an alumni regarding a S&T internship at a bulge bracket bank in New York City. At first it caught be off guard because I was simply going to ask him questions regarding the bank and the program but he immed...

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difference between final settlement price vs future price

arpitjjwala

Example :on 20th June, 2019, suppose trader A buys and trader B sells a futures contract that settles on the third Friday of September 2019. Then, on that date, A and B must perform — A agreeing to buy asset gold at dollar 100, and B agreeing to sell asset gold at dollar 100.(dollar 100 is future ...

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Which are the best university programs for anyone looking to get into Physical Commodities Trading?

amoghhlgr

I'm looking to take up a career in Commodities Trading, and I want to know about MBA or MS programs....

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Top MFe, worth delaying trading offers?

donkeykongkongo

Hi guys, I currently am a rising applied math senior at a semi-target (think Northwestern, Vanderbilt, ...). I am currently an algo electronic trading intern at one of the top "agency only" S&T desks. I will most likely get a return offer and recently received an offer from a prop shop (think Aku...

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1st year Analyst at Deutsche Bank

RealSlimShady

Would DB rescind offers from an incoming class. I've just finished uni and have an offer to start in a few weeks in Global Markets in London. They are reported to be cutting thousands of jobs on Monday, even up to 50% of the investment bank I hear on the news, would incoming Analysts get the axe? ...

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What is a good size book to start?

RandomWalkTheory

What is a good size book that firms give junior traders? 500k? 1m? 5m? Also, whats a good payout ratio for a discretionary event-driven portfolio?...

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+6
Trading Own Quant Strategy at Prop Shop

spencer.rs

Hello, This is a hypothetical at this point, but if one were to develop a trading strategy based upon research done in graduate school (Master's level), would he or she be able to trade this strategy at a proprietary trading shop? I watched a presentation from Tom Hutchinson from Belvedere Trading...

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Whats going on at Deutsche Bank, and how will incoming analysts be affected?

Curious DB Monkey

So... Incoming full-time analyst in the Equities group at DB. Didn't think this was going to happen when as a Sales and Trading Summer Analyst I accepted the full-time role as I didn't want to deal with recruitment again, but now I'm scared. Will I get fired after a month or two (or even before I ...

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+12
Best product to trade

Tomatofarm369

What's the best product to trade out of the following - LNG, crude oil, light distillate, middle distillate?...

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Banknotes Trading?

McBird

Hey everyone, I'm currently interviewing for an analyst position on the banknotes trading desk at a BB – anyone know anything about this desk? From speaking to the interviewers, it'll mainly involve quoting and trading foreign banknotes/cash (based on a pre-determined schedule), and maintaining r...

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Future for Equity traders in London?

a5hleybmw

ixv,omn fvjndkmmkvmog kms,dlsa6t5r4ewqtgfrdewmk,lrdro,ll,.gfrejmk,l.redjmkl,rdenjmk,l.;frdje3sw2mqkl...

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Real Huawei H11-828 Exam Dumps

waltorjohn67

BraindumpsStore is providing you an easiest and unique way to prepare exam. Now you don't have any need to waste a lot of money for the preparation of Huawei H11-828 Huawei Certified ICT Professional– Unified Communication exam. For the better facilitation of candidates ,braindumpsStore provides H...

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DB Exiting Global Equities Business

chickensoup15

Wonder if eliminating equity trading will be a "first step" trend among banks looking to improve profitability. Is equity trading dying faster than people expected? ...

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Path after MFE

ultrachimp69

Hello, A quick background : I have a Bachelor's in Mining Engineering and Masters in Financial engineering from one of India's top 5 colleges. Want to break into the commodity trading sector in Singapore. I do not have any close connections working in comm. trading there and have been applying to ...

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Bump and Run Reversal

freeforex20_3

Bump and Run Reversal The pattern was originally named the Bump and Run Formation, or BARF. Bulkowski decided that Wall Street was not ready for such an acronym and changed the name to Bump and Run Reversal. Bulkowski identified three main phases to the pattern: lead-in, bump, and run. We will exami...

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Currently an algo trading intern from semi-target school

donkeykongkongo

Hi, I'm currently an algo/equity trading intern (sell-side) in Manhattan from a semi-target school (10 - 20 US news rank school non-ivy). I am trying to apply this summer to different kinds of trading firms (buy and sell side). I was wondering what are good places to work at as well as how to bet...

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What is the future/trends for the S&T industry?

Macaco

I have been interning in a BB S&T division and I looks to me that most of the jobs could be easily replaced by machines. Should this happen in the near future? And if yes, why hasn't it happened yet?...

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Sanford C. Bernstein (AB) Electronic Trading Desk

donkeykongkongo

Hi all, I was wondering on the general opinion of non-IB, agency only S&T desks. I'm about to apply to fulltime trading positions and was wondering about how different it is from BB S&T and how exit ops will look compared to them. Thanks...

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Equity Fund Sales vs DCM - what's best for S&T ?

dr.minhaj.ahmad.khan

Hi there, I have an offer from a big European investment bank for a long internship in their equity derivatives sales team. This position is not strictly in sales and trading, but sales of quantitative funds they distribute (similar to an asset management sales type of role). There is not much cli...

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Showing Initiative at Summer Internship

nontargetmaterial

Hi Monkeys, In S & T internships as you all know the day is unstructured compared to IB. I was wondering for some ways to show initiative as a salesperson on my desk - any suggestions would be welcomed no matter how simple. Thanks for your help!...

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What pathway would be best if one's goals were to be to be a quantitative analyst/trader?

Blakells

Hi everybody, this is my first post here! I'm currently about to start my major courses in my 4yr university with the major being finance. I've recently become extremely interested in the idea of creating automated trading systems. I've talked to a couple people and they have given me general advice...

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