Silver BananaTopic
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Company Interview: Optiver - Trader1. Tell me a time when you have been competitive. How would you prove that you are a competitive person? 2. Case study on inverse and leveraged ETF's. A simple explanation followed by a few questions that were to be answered in a given time. This was followed by a discussion 3. Tell me a time when y...
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Possible Volcker Rule repeal and the future of trading?What do you think will happen if most or all of Volcker Rule is repealed as hinted at by the Trump administration? There are already some prominent traders moving back to large banks after leaving hedge funds amidst rumors about Volcker rule either being re-written or repealed. If banks are allowed ...
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Frankfurt - a city on the riseHi everyone, as WSO always seems to be very American I thought i'd start an European discussion There was an article on Bloomberg last week giving updates on which banks are moving headcount from London to Frankfurt/Paris/Dublin. (headline: "Brexit Winner Frankfurt gets another shot a Finance Star...
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Company Interview: Five Rings Capital LLC - InternA bunch of Fermi questions: how many gallons of water an average American uses per day, how many bankruptcies are filed every year, etc. A bunch of random mental math like natural logs of 3-digit numbers and exponents like 3.5^3.5. I was also asked to give the first value n such that n! has at leas...
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HELP - 3rd round interview with Goldman Sachs (Rates Sales Analyst)Currently interviewing for a full time analyst position for the rates desk. With regards to "following the markets", I tend to cite economic data and elaborate on those to develop a view. However, what would be considered a decent view of the market? What would directors and MDs be looking for in su...
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Interview High Grade credit Research Analyst So I received an email to do a digital interview for the position stated in the title. Anyone know the questions? or how much weight these videos have? I have only done a video interview once and I did horrible. I post this here and the equity research forum due to the application stating it is in ...
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How do I prepare for Macquarie Trading interview?Hello, I've tried my best consulting glassdoor and searching old posts on WSO but couldn't find much on the interview process for Macquarie besides some old posts on investment banking, and SA positions. Anyone have any experience for trading roles specifically? Heard there may be an assessment/apt...
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Company Review: RBC Capital Markets - RBC Intern-Great atmosphere and work culture -Good balance between mentoring and a certain level of healthy independence . -No real cons that I can think of -Too close to an overpriced/tasty food court? -Great place to be! ...
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Company Review: Morgan Stanley - GoodHaven't started yet, but good pay in general for someone in New York City. I'm excited to see how it goes!. Not as much of a housing stipend as I hoped. It is only enough to pay about half of what it will cost me to live there. ...
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Series 57 tips on how to studyI recently took the Series 57 but I failed. I used Knopman for the exam but I thought it was far from actual exam. I`m very confused now, I want to know how everyone studied for the exam. Thanks....
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How do the US banks rank?Found a few posts about this topic but they were quite outdated. Curious as to what the general consensus is as to who are now considered tier 1,2,3 etc for S&T. Also if anyone has any insight on desk specific strengths for each bank that would also be helpful....
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Goldman PWM vs JPM PB vs HSBC Tradingwhich one is better? How would you choose? Please elaborate. Thanks a lot! Really need some advice....
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Incoming SA, yet very depressedHi guys, it's my first time writing a post on WSO (forgive my grammar since I am not a native speaker haha). I recently received an S&T SA offer from one of the top BB (GS/MS/JPM) and I wanna share my story with you guys while also see if you could offer me some advice. Getting a SA offer has alwa...
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Company Review: UBS AG - SatisfiedNice people, Lots of learning experience, exposure to senior leaders of the bank, training program in London. Lots of hours, work can be stressful, loud environment, busy at all times, bad it systems and frustrating back office...
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capital cost of stating a trading deskHey Monkeys, Hope everyone is enjoying the holiday season. I am curious as to the expenses a bank incurs to start a desk. I guess an example of what I am looking for is something like this: cash equities desk: flow trading initial set up cost for 3 trader operation + sales + ops = $5 million t...
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Goldman Sachs Principal Funding & Investments (PFI)Does anyone have any info on this group? Has anyone interviewed with them? Apparently the former group head ran the structured credit prop desk at Merrill; now running his own hedge fund (Prosiris Capital). http://www.bloomberg.com/news/2011-05-25/ex-goldman-sachs-trader-ali-gets-fund-capital-fro...
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Company Review: Citigroup - Citi Interview processI like the interview process at Citi being comprehensive. Alum there pretty happy to help out. People there are generally genuine and easy to talk to.. dislike the rotational program. hard to get in-depth exposure by having only 3 weeks on each group. They even do that for FT...
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CTD Bond Futures QuestionI understand the concept of CTD that includes the conversion factor, invoice price, choosing bonds in the delivery basket and etc... but why does the futures contract track the price of CTD treasury bonds? I understand this is relatively important to gain insights on relative value, so any explanati...
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Company Review: Société Générale - summer analystgood culture, very helpful mentorship and the work life balance is great, their lunch room is nice too. less reputable than other banks. Probably need more deals and name on the street. the pay is about the same...
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Company Review: Gelber Group - Gelber Group Algo Trading InternshipVery few. Gelber is lead by non-quant traders so if you are an algo this will be particularly frustrating. . Managers spent less than an hour per week with interns. We were let completely on our own, in a row far from any algo trader. Project was developing a stat arb strat on underlyings that had w...
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AKUNA Capital interview process and GPA?Hello, I got an email from AKUNA capital for Junior Trader position and preparing for the interview process. Does anyone has gone through the same process? I am curious about their GPA requirement as well. ...
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S&T: % of P&L to bonusHey Monkeys, quick question. what is the average % of P&L that converts to bonus? I have heard ranges for BB S&T between 5% and 25%. a level and % would be good. I will update the list as it populates. for example: Ao produces $1 mill net at 12.5% would get a $125k bonus that year VP produces $2...
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reporting trading P/L to future employerHey Monkeys, I have a quick question. How do you report and verify your trading P&L to a future employer? For instance, let's say you made the desk $1.5 mill net. besides writing it on your resume and hoping for the best, do you get your desk head to verify it? I am just curious as to how people d...
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Company Review: Bank of America Merrill Lynch - VP satisfied in ecmImpressive people to learn from and get own book of business pretty quickly as people move around to other firms. . Since people do move around a lot, you may want to make the most of the time you get with senior people ...
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General networking etiquette questions (physical trading)Hi, hopefully there're some physical traders here who can clarify a few quick questions I have (although this also pertains to any industry in general I would think...) What exactly is the standard etiquette for LinkedIn? I keep finding conflicting information on WSO. Should I bother sending mass...
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Forex - Investing in spare time? Those of you working in forex market/ Do you think that investing in forex in your "spare" time can be profitable? Or is forex just good business for brokers and big banks? ...
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New Hire Possibly Looking to Transfer Location & Switch Product GroupsHi Everyone, A little bit about me. I am a recent new graduate from a non-target university. I have been at my current role as Analyst in FX Sales at a Canadian BB in under 5 months and I am looking to make the switch to Toronto or New York. My desk wants a 4 year commitment at my current location ...
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Can you help me on deciding a programming language for Trading?Hello, I have an undergraduate degree in CS and have coded before in C and C++. Currently I am doing an MSc in Europe with a specialization in Financial Markets. Over the last one year I have been regularly using VBA for personal projects. However, this made me realise the shortcomings of VBA and am...
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Company Review: Goldman Sachs - Very SatusfiedAmazing experience really really happy I went to GS this summer and was mentored by almost every FT I met. . None, the company was great, HR was good, I learned a lot and felt everyone was really nice and accepting. ...
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Company Review: CIBC World Markets - Good learning experienceLots of smart people to learn from. Fast paced environment. Was able to pick up a lot of skills (e.g. bloomberg terminal). Coffee runs due to being the most junior member of the desk. Some traders/salespeople were not the nicest. ...
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The best place to buy and sell bitcoinsIf you are looking for a good place to buy and sell bitcoins without the stress of ID verification and at good rates, Liviacoins is the best option for you...
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Company Interview: Goldman Sachs - Spring WeekTell me about 3 events that is happening in the markets right now that is not finance related Tell me about 3 events that is happening in the markets right now that is finance related, and how these relates to Goldman Sachs Why did you apply to Goldman Sachs Why did you apply to the Securities divis...
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Company Review: Wells Fargo and Company - ReviewGood work life balance Growth opportunity Good training program for people without finance background. Overvaluing the retail arm.within a challenging and highly disruptive financial environment for "brick and mortar" network...
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Siddhartha Jha's Interest Rate Markets TERRIBLE BOOKHas anyone else picked up Siddharta Jha's Interest Rate Markets? At a glance, the book seems pretty intuitive, covering practical concepts while glancing over the math. However, after a closer read of the first two chapters, I've found what appears to be some pretty egregious typos. The formula for ...
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Company Review: Barclays Capital - Solid bankGood training. Learned a lot. Good training. Learned a lot. Good training. Learned a lot. Good training. Learned a lot. . Too much bureaucracy. Bad infrastructure. Need to streamline process. Too much bureaucracy. Bad infrastructure. Need to streamline process. ...
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Call delta Put deltaHello, I read that the when parameterising the IV curve we should use delta on the x axis with IV on the y axis. However, we need to be careful about choosing a call delta or a put delta because the strike of a 50 call delta will be different from the strike of a 50 put delta. Is this because an A...
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Hedging RatiosTo find the hedging ratio, let's say to find gamma neutral or vega neutrals portfolios, is linear algebra the optimal solution to find these ratios or do you guys advise something else?...
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EDF Trading: well known in the Energy Trading business?Hi guys, Just wanted to know your take on these guys? Are they well known in the energy trading business? Or am I better off at a prop house, e.g. Gunvor. ...
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Looking for Bitcoin option trading brokerDear All, I am looking for Bitcoin option trading. Could you please tell me where I can buy bitcoin Puts. If possible, please share me which is good broker for bitcoin option trading. Many many thanks for your helps. ...
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Company Review: Citigroup - Sales and Trading Summer AnalystGreat Training Programme, Good benefits, Friendly people, 2 rotations (More exposure to asset classes). Not a lot of choice in choosing asset classes, sometimes mentors too busy to provide effective help)...
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business suits for men TorontoJust White Shirts round up the best men's dress shirts, formal shirts and business suits in Toronto. Buy from a wide range of men's clothing online in Toronto....
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Preparation for Recruiting Next Year Hello, I am currently a sophomore looking to land an S&T Internship next year. I am currently going through Wallstreet Training, but it seems that the majority of the content is focused on IB. Can anyone provide a list of tasks that would position me well for interviews next year? ...
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Do traders need to know technical analysis? Hey guys, Sorry for my ignorance, I couldn't find any similar posts on WSO. I'm a freshman in college and have recently become interested in Sales & Trading. With that being said, I want to be the best candidate I can be for when interviews come around. Are traders expected to know technical analy...
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Company Review: Morgan Stanley - DeloitteMorgan Stanley had a great culture of putting clients first, and leading with exceptional ideas. Incredible exposure to the best and brightest, with unbelievable back office support. Extremely demanding and emphasis on perfection. Everything you submitted was expected to be client ready, and everyth...
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International Student | Finance | Semi Target UK. Is getting into Quanty Hedge Fund or Prop Trading possible??As the title says, is it possible to break in? I am interested on breaking into HFs or Prop Trading shops with a Finance degree from a Semi Target uni in UK? I am a first year and I want to increase my chances to get into either of these kind of shop next year as a summer intern. What should I sel...
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Company Review: RBC Capital Markets - RBC SA S&TCulture, opportunities to learn, access to senior management. Defined upward movement in the company's rankings. Lengthy recruiting process, a bit disorganized, HR going through restructuring. No signing/relocating bonus...
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Failed to pass Flow Traders math test, feeling I've missed a good opportunitySo, I applied for Flow Traders in Amsterdam. That place seemed awesome, one of the best rated company on Glassdoor, fantastic benefits, truly my dream place. After recieving a positive feedback for my cv I made a "neurolympics" test that went really well and today I had the math test, which I think ...
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Wealth Simple: Investing on Autpilot - thoughts?A friend of mine recently shared with me a trading platform which invests on your behalf, on autopilot through the use of algorithms and AI - Scary to think that we've gotten here and this is just the beginning... As more of these trading platforms begin to surface and become popular, when will tr...
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Credit Analyst at Commodity Trading ShopNot really sure where to put this but I'll start here. I just started as a FT credit analyst at a large, private commodity trading company and I'm just curious what the view is on this type of role. We do everything from PFE analysis to getting into the weeds on long term, structured transactions. ...
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Company Review: Jane Street Capital - Good environmentThere are a lot of really smart people at the company with varied interests. You learn a lot during the internship, while working on interesting content.. Sometimes the culture is a bit aggressive in terms of random betting and you might feel pressured to make trades you don't want to make....
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DC S&T OfficesDoes anyone know about any firms that have sales and trading office in the Washington DC area? Only one I know of is FBR. Thanks....
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International Momentum ETF What's your top international momentum ETF right now, and why? Trying to have a little more fun than VWO, brainstorming for a portion of the momentum sleeve of a portfolio!!...
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Sales - Any advice? Hey! As the topic title suggests, I need some advice. Basically I’m really looking for a way to break into sales but have had no luck in getting into any SA positions. With pretty much everywhere closed up for the year, does anyone have any reccomendations on what I could do that would have relev...
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Company Interview: Flow Traders - flow tradersthe interview questions are pretty standard before the final assessment centre. the final assessment centre consisted of a trading case. they will give you time to prepare for the case and work on it , followed up by traders going through the case with me. They really care speed, and the case is abo...
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Company Review: Standard Chartered Bank - Financial Markets Summer InternThe hour is relatively good compared to other banks. People are nice and the work environment is not stressful.. The salary is way too low given the working hours. It wants to keep the salary universal among all depts of the bank....
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Investor Database list Moving out of the industry and selling database of limited partners ( family offices and inst. investors ). Selling and willing to send sections to show names. PM me or post email. ...
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GS HK S&T Summer Final RoundJust curious if anyone has received an offer from GS HK for the 2018 Summer for S&T? I believe they were running final round interviews last week. ...
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MS equities vs Citi markets Hi all, I managed to receive an offer from MS institutional equities summer internship (Hong Kong office) and Citi global markets and securities sevicires summer internship (Singapore office) I am conflicted between both options for many reasons. However I am still unsure which offer I should tak...
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Company Review: Fannie Mae - Fannie ManagerWork/life balance was amazing, managers are very flexible for the most part in terms of telework or vacation. Generally smart/good people working there in Cap Mkts.. Very bureaucratic and difficult to get things done at times. Tenure with the company is valued very highly, and who you are "in" with ...
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Company Interview: Chicago Trading Company - Trader AssistantThey asked various mental math questions such as 35*37, 74*32, and other questions like that. There were also some stranger behavorial questions that I have never seen before that were quite interesting to answer. I was asked various questions about how much I valued each day of my life, and also a ...
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Morgan Stanley Offers 2018 summerHas anyone received a Morgan Stanley offer recently? I know they have been doing super days but not sure if they have offered anyone...
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Citi Markets SuperdayHi, to those who superdayed at Citi NYC today for Markets FT Analyst, has anyone heard back/know when we would be hearing back? Thanks!...
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Company Interview: KCG Holdings - Summer Analyst1. Walk me through the three major financial statements (Asked related to my corproate finance class I was taking) 2. How have you shown acumen when using technology in the past? 3. What do you know about the history of our company? 4. Tell me the greatest lesson you learned from the last book you r...
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Company Interview: Akuna Capital LLC - Trading InternThe first skills test contains a bunch of math problems that you must complete in 7 minutes. Do as many as you can and quickly. Prepare for complicated divisions, multiplication and addition/subtraction. After that there are 15 mins of sequence problems, you should study both numeric and letter seq...
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Energy Prop ShopsDoes anyone have any info about the following energy prop trading shops: Glencore Mercuria Arcadia Masefield Vitol Trafigura Gunvor How would you rank them in terms of prestige? How do they compare with trading at a BB? Any info would be appreciated...
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Morning Markets SummaryAny Past Sales and Trading interns/analysts write market summaries every morning? And do you have any examples or a format/template that you used?...
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AMA - I quit my job as a bond trader to fight MMA in PeruA few years ago, I quit my job as a corporate bond trader to become a professional MMA fighter in Peru. I went to Wharton undergrad and interned in finance every summer on various trading desks. I wound up full-time on a prop desk as an analyst and got right into the grind. After two years, I was ab...
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CENTRAL BANK SALES DESKHello, I am looking for information on what traders on a Central Bank Sales Desk do? Can any one help, I have tried Google and found nothing. Thanks eross18...
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Credit Suisse Fixed Income Asset Finance Summer AnalystIs anyone familiar with Credit Suisse's Fixed Income Asset Finance division? I have a first round interview with them next week and was hoping someone could shed some light on both the division and how similar fixed income interviews are to S&T interviews in terms of technicals. Thanks. ...
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Interview Question Equity Derivatives and Commodities Structuring CommerzbankHello, I will have an interview at Commerzbank for a role in structuring (structured products). What topics can I expect? BSM? Trading Strategies? Thank you for your help ...
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Company Review: ABN AMRO Group - Very Good JobGreat company overall, strong culture and leadership. Lots of responsibility given . However low prestige.. Lots of responsibility. Great culture. Learn very quickly. Nice leadership and very understanding bosses....
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Energy Market Analyst Position My team is hiring an Energy Market Analyst / Oil 12 month contract Position is based in UK. Immediate hire. Please drop me a line if interested. I shall have a look at your resume and get back to you. ...
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Company Review: HSBC - 4- less office politics, all colleagues are willing to discuss with you or answer your questions - comparably stable business, giving you a feeling of job security. stability of business is the priority, so might not the place to go if you want to be a star trader/rainmaker...

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