Silver BananaTopicReplies
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ICAP - Review - SecuritiesDecent work-life balance, exciting working environment, good pay, good relationships will make you a lot of money. . Not intellectually stimulating, little skills are learned, very monotonous, completely dependable in your trading relationships....
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Société Générale - Review - Investment BankingIt was a very good experience : the work was interesting and I had the opportunity to complete different missions.. No particular cons to report, this really was a good opportunity in a good team. Good way to start in finance....
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What programming languages do strats use?I'm learning Java right now (thanks, Intro CS), and I know it's not really applicable. I've heard the most quantitative roles use MatLab, what other languages are popular? I'm looking towards algorithm development, etc. Thanks!...
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BP - Review - Oil and GasLaid back, work on trade floor, high salary, big bonus, many opportunities for advancing, great gig for those in software dev. None really, a bit political but no more than you would expect with most companies. Quite a few vendors, not as much hardware as I'd like...
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How to make the daily financial summary for AnalystsHello all Im an incoming sales and trading summer analyst of a BB. I read an advice on WSO that I should learn how to make daily financial news (e.g. WSJ) summary and send it to analysts for their reference. It would be really good if I can have some details from all of you on how it should be m...
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Wells Fargo and Company - Interview - FICC - Fixed Income Currency and Commoditiesask me how i went about quantitatively analysing stocks as mentioned in my resume really went in depth with most questions asking a lot of follow ups, nothing really wildly unexpected but need to have a very deep understanding of the markets and why u wanted to join the bank in this particular t...
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RBS Royal Bank of Scotland - Review - N/ASomewhat flexible work schedule. The amenities are nice (decent cafeteria, etc). Good place to start a career if you weren't an overachieving ivy leaguer.. The place is in chaos. Nobody really knows what they are doing but let it fly anyways. Overall lack of experise in many areas....
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Trafigura - Interview - Oil and GasCurrently, I work for a Trafigura competitor. They asked why I wanted to make the switch from here to there. Their biggest concern was whether I’d be able to adapt to the very big difference in work balance. Wanted to make sure the reason for the switch was not because of compensation. Interview...
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Guggenheim Partners - Interview - Capital MarketsWhat was the most difficult or unpleasant experience you had at past employers and how did you deal with it? Why did you choose your school if you wanted to go into finance? (Non-target) Why did you choose your major/minor if you wanted to go into finance? (Non-finance) Why Guggenheim over another...
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Citigroup - Interview - Global Markets- The AC started with a case study followed by a 10 min presentation, considerable volume of data, 1 hour to prepare. - Then 3 one-on-one interviews with sales/traders. - Interview questions were mostly competency and motivational-based, some technical questions on past internship experiences as wel...
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New Dodd-Frank Rules: Prop Trading for banks with 10b or less? http://theweek.com/speedreads/761051/senate-passes-bill-that-eases-doddfrank-rules-banks Recently read in several different articles including the one above detailing how the Senate passed a bill that would allow banks with 10 billion assets and under to be exempt from the prop trading ban. Was cu...
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Spot Trading Shuts Doors[http://www.chicagobusiness.com/article/20180308/NEWS01/180309866/spot-trading-appears-to-have-shut-down-operations](http://www.chicagobusiness.com/article/20180308/NEWS01/180309866/spot-trading-appears-to-have-shut-down-operations) Does anyone have insight into what happened at Spot? 2017 was obvi...
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Traders: Finding Weather Data for EM Countries to trade CommoditiesNote: not about trading weather futures. For the guys on the FICC desk or the experienced personal traders, how do you guys analyze the weather in a different country like Brazil if you don't have a Bloomberg Terminal? Trying to find a good website that I can use to trade commodities/FX out of a p...
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GS Operations role, should I take it if I want to be a trader?! Dear Fellow WSO Members, A 3rd party recruiter reached out to me for an Operations role(Trading Operations) at Goldman Sachs. It is a contractual role for 9 months, thus no benefits and etc. From my networking, GS is probably the hardest to transition from a MO role to a FO role, given that the tr...
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Pit Trading Card Game HelpGame is as such: 5 cards faced down each with a value of 1 -9 so the expected value of 'the market' is 25. One card is then turned over periodically. Each player places bids/offers on the value of the overall market before each card is turned. What strategy do you recommend following? Maximum po...
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Akuna Capital LLC - Interview - Quantitative ResearchThe most difficult was the math based questions. There were questions that involved dividing by complex fractions and I believe they had an algorithm that tracked if you cheated (by using a calculator or not). I think they checked to see how fast it took you to answer each question. Make sure to pre...
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Why do people brag that their stock portfolio outperformed the Dow Jones and SP500? Its not even a big deal...Its not hard to make money in the stock market. Some people can multiply their stock portfolio value with ease. However, you get these people who claim on their resume "Traded stocks and outperformed the Dow Jones and S&P500". For example, the overall stock market saw a 10% gain last year. Last year...
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What do sell-side "traders" do?So I was wondering what exactly do sell-side "traders" do. I am a buy-side trader and the industry is pretty diverse, but I don't know what sell-side guys do....
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Chicago Trading Company - Interview - Prop TradingTell me your strengths and weaknesses. Walk through your resume. What is 5/32 expressed as a decimal. What is 7/12. What is 34*45. Overall the interview was very nice. I enjoyed talking with them. Nothing unexpected. Be yourself and will be okay. Before the phone interview there was a online video i...
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Can traders on a winning streak lose in Forex?Many people think that people who are winning on the market never lose their trade. This is not right and when you are trading in Forex, you can lose your money anytime. There is no way that you can tell that you will not lose your money when you are trading the market. People have a misconception ...
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Five key ingredients to becoming a profitable traderTrading profession is very challenging. Everyone wants to secure their financial freedom in life. Peoples are always looking for alternative source of income so that they can easily support their family. You might have a decent day job yet you will find it hard to meet the daily financial requiremen...
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Trafigura - Interview - GeneralistShipment of naptha reaches destination port with 10% of volume missing. What do you do? What is the difference between options and futures? How do I hedge an incoming shipment of Oil into TX? I come to you and tell you I have an outgoing shipment of crude from TX to Colombia. What do you do? What ar...
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I have the perfect portfolio for you:1st stock pick: **NYSE:YUM**, the stock has returned 16% since it's 2015 low and 93% since it's inception. 2nd stock pick(s): **NYSE: ALB, NYSE:SQM, NYSE:FMC** - these stocks have returned 62%, 117% and 67% respectively since 2017. They are the biggest lithium stocks on the NYSE. Future picks: Lon...
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BNP Paribas - Review - Othermost employees easy to work with, good work life balance, a lot of vacation days, job security generally high. a lot of bureaucracy, politics with middle management and many reporting lines, lack of visibility in NY...
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Vidhigra represents another step in **Vidhigra** represents another step in the journey, but simplest you are on top of things of whether you're absolutely shuffling your toes or literally jumping ahead! complete Line of ALLMAX dietary supplements strategies to Get centered in the gym i'm sure you have got heard the phrase, “mind to...
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Front office Investment Banking for a BB bank in India vs Trading for a BB in HKHey guys So I'm doing my MBA from India's highest/second highest ranked B-school (depending on which ranking you follow). Most major BB banks come to recruit for their front office role and not the backend, but they mostly do so via the summer associate program and they hardly come for finals. I had...
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Structuring question for structures out there!For mutual fund linked structured notes that structuring desk develops (offers 100% Protection + upside to mutual fund), does the trading desk actually go out and buy mutual fund options? If so, how do they trade?... very lost here. thanks in advance!...
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Just joined a BB, might get shipped to Brooklyn. What now?Hi All, I'm in a bit of a sticky situation. I just joined a BB a few months ago in the Val Control group, after doing about 1.5 years in a quantitative valuation/ advisory role (advising clients on complex derivative transactions) at a big 4. Well, the job isn't exactly what I thought it would be, ...
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Flow Traders - Interview - TradingLarge behavioral in the second round: 1. interest in trading and the company 2. cultural fit interviewers focused a lot on your motivations. Eg. where do you want to be a trader. what about trading that excites you, do you trade personally Other questions can be more generic: do you know what we ...
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BB SA S&T – What desk to choose?Hi all, I will be at a top BB doing SA (S&T) this coming summer and haven't chosen a group yet. Placement is coming up and I have a solid foundation with a lot of alumni on different desks that are decent and willing to help out with advice etc. How do I best learn about all these different groups...
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Getting Natural Gas Start at Small Marketer/SupplierHi all. I made a similar post in the Job Search Advice page, but didn't get much of a response so I thought I'd try here. I'll keep this relatively short and to the point. I was recently accepted to Tulane's MME program, but after receiving my financial aid package I decided to job hunt instead. I...
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Group Trading GameFor an upcoming interview I have a group trading exercise. My understanding is that there will be multiple fruits and a group of candidates as market makers. I have seen similar posts to this on WSO however I can't seem to find anything that explains how this game will actually unfold or what strat...
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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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Scotiabank - Review - GeneralistGood experience learned a lot about the market and relatively chill team. Great office with its own cafe. Get into the office very early pre-market, very few other interns so it was difficult to make new friends...
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Federal Home Loan Banks Office of Finance - Interview - TradingWhy Debt Capital Markets, Tell me whats going on in Fixed Income Markets, Where do you see the market heading this year & why. What skills related to trading can you bring to the table . Why should we hire you over a candidate that goes to Penn. Do you prefer to work in a team or by yourself? How d...
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Jane Street Capital - Interview - TradingI submitted my resume online, and was contacted a few days later to interview for the Trading Desk Operations position. I was asked a time and date when they could send some excel exercises, to be completed in 2-3 days. I sent them back within 3 days, and got a rejection e-mail shortly after. Exerci...
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Schroder Fixed Income Analyst Interview QuestionsLanded an interview with Schroder Investment Manager NA for the Fixed Income analyst position. If anyone has been in a similar role elsewhere, what are some standard interview questions that I could be asked on: -phone interview -first round -superday Any and all help is welcome. Thanks in advance!...
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Internship with New York LifeHi everyone, my long-term goal is to pursue real estate development/investment. It's been difficult securing an internship, so I am trying to get any experience I can find at this point. I'm a sophomore at a liberal arts college by the way. I went to a career fair and met a recruiter at New York Lif...
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Citigroup - Interview - N/AThey asked me to play a probability game involving flipping an imaginary coin and making bets on the outcome. Both I and the interviewer were given $500 to start with. He then asked me to make a bet assuming the coin is not weighted one way or the other. After placing a bet a he flips the imagina...
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Société Générale - Review - Equity Capital Markets-Very challenging environment -Forthcoming colleagues with great feedback -Good management -Lot of responsibilities . -Low compensation for the hours done. -Not too much graduate offers at Societé Générale (more reserved to people with 2-3 years of experience) ...
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What are traders doing with Python/SQL/other coding languagesI'm curious to hear how traders at BB's/firms like Wolverine are applying knowledge of these coding languages. What kind of tools are you building, what are you using the skills to do on a day to day basis?...
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Barclays Capital - Interview - Sales and TradingHonestly, no unexpected question in both interviews. Was asked a question about international politics, which asked me to tell them something interesting happening by that time. Another difficult question was about structured products, where the interviewer asked me my favorite structured product. ...
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CDS-Bond Basis - Any credit traders in here?(probably) rookie question for any credit trader out there: Why wouldn't you be able to take that trade: Short T 6.125 08/15/29 Long CVS 9.35 01/10/2023 Corp Long CVS CDS USD SR 5Y D14 Corp Earn 496 bps, Lever up, Repeat. I assume you can't because the basis has been slowly decreasing from -584 ...
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nomura securities - Review - Sales and TradingEntrepreneurial at an up and coming bank great rates desk not in Fed's regulation realm so heavy risk taker. Not very famous bank, senior management is very old school; PR not very responsible and not very good wholesale tea...
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Difference between physical trading of crude oil and refined products Hi all, I’m a final year high school student with a strong interest in the physical commodity trade. I was just wondering if there is any difference (in cargo sizes, day to day tasks etc) in role between a crude oil trader and a products trader or are they basically identical? Thanks in advance fo...
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Stock ScreenersI was wondering if there were any free "stock screening" programs available on the internet for personal use. I have been using the Yahoo screener for some time, but now I am looking for something more powerful, if it exists. Specifically, I would like to track the share performance of companies r...
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Tips for a short-term options traderThe options market is great but only if you understand the market. If you want to become successful in trading such market, you should have the overall understanding. There are both technical and fundamental analyses that you can utilize in trading. Most of the short-term options traders say it is p...
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HSBC - Review - GeneralistPotential to learn across desks, products and asset classes through the rotation program offered for 1 year.. Hierarchical and system technology incompetence. Many mundane task as a result of technology not good enough....
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What counts as a light exotic?What counts as a light exotic? I see this mentioned in LinkedIn again and again and its never defined anywhere ...
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NASDAQ OMX Group - Interview - Technology, Media and Telecom (TMT)Company network was explained first. Problem solving question with a diagram of the network maintained in the company and questions related to it. I was asked to identify why a particular file was downsized after passing through their network and asked to troubleshoot the network and identify the ke...
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CTC vs Allston vs AkunaI am going to be graduating this spring from what many consider to be a top tier target. I have offers at the prop shops I've listed and I was wondering if you guys had any opinions on which shop is the best. I've listed some things (positive and negative) I've heard about each shop. CTC: I've hea...
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Cantor Fitzgerald - Interview - Sales and TradingA lot of interview questions on where you think the market is going (where are interest rates headed, describe performance of the stock market recently, talk about recent issues in the financial markets that you found interesting). They also asked me about my other offers/interview process. When I t...
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Green Plains?Anyone have any experience with Green Plains? Im trying to decide between an internship offer from them and one from Scoular. There isn’t much on them online. Any advice would help. Cheers....
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How would you grow a small S&T deskso many people end up in BB and MM S&T shops, but given you had the chance to start your own desk, how would you go about growing it past your initial client base you are bringing over to it? ...
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Sell me on why I should become a trader. I've been debating what route to take for quite some time now, I can't seem to form a defenitive liking for one field while completely ommiting the idea of working in another. Right now, I'm leaning towards IB but trading is also registring with me and I can't seem to shake it off, even though I fee...
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What is the best trading system?Anyone know profitable automatic trading system? to use with metatrader, i will know if there is a system can learn from last pattern of market...
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Trading Vol in an IB - what are the good resources for Rates, Credit, FX, Equities? Market-makers' help greatly appreciatedHi 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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Wells Fargo and Company - Review - MarketsGood work-life balance, not many junior people on the floor and not competitive, coworkers are super friendly and Charlotte is a good city to live in . Lots of Directors and Managing Directors leaves the pool very skewed, bonus pool was down from last year on a relative basis, not much support from ...
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Leave new S&T job after <6 months = Career suicide?I was at a bulge bracket for ~5 years, starting in a back office valuation role, eventually networking into a derivatives trading role after 1.5 years. I recently left my post (on my own accord) to a boutique S&T firm, mostly because management found out I was being poached by one of my trading cou...
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Enterprise Software Sales to S&T? Is this possible? It gets old talking to a bunch of nerds all day. Sales numbers are solid its just after trying to talk to it nerds all day about some bullshit cybersecurity it gets really old. I trade all day at work anyways so i'm pretty familiar with the market. Semi Target degree with a dece...
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Quantitative Research vs TradingHow does a career in quant research differ from that in quant trading? I had never considered quant research until recently and was wondering if anyone currently in the field could comment on lifestyle, compensation (vs trading), exit opps., etc. I'm particularly interested in hearing about working ...
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Bulge Bracket Event Driven Risk Arbitrage DeskAn opportunity to lateral from IB to the Event Driven Risk Arbitrage desk at my bank recently came across my desk. Problem is I have no idea what they do. I didn't think banks still had desks like that post-Volcker. I don't want to jump to any conclusions, so before I indicate whether I'm interested...
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Deutsche Bank - Interview - SalesThe most challenging question in the interview was the brainteaser. I was new to brainteasers at that point, so I did struggle with it. The question went along these line - A car travels a distance of 60 miles at an average speed of 30 mph. How fast would the car have to travel the same 60 mile dist...
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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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Bank of America - Interview - N/AMostly behavioral questions, such as "Describe yourself in one sentence" and tell mea bout the experiences on your resume nd how they relate to this job. They also asked me why I would pick this company over any others I was interviewing for, and what made them stand out to me. Then they had me and ...
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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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How Are Traders Paid?I'm curious to know how are traders paid? I know that traders at hedge funds are paid more than a trader at Goldman's or whatever. But why is that? Is there some type of tier system based on how well they perform stating they will be paid x amount of dollars if the produce x return? I've Google se...
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Is sales and trading dying?Hey everyone, I was wondering if sales and trading is dying. I remember hearing about this a lot, but if it is, how is technology affecting this? I understand that buy/sell orders, stop losses, patterns can all be automated, and machines are not victims of letting their emotions get in the way. Ho...
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Société Générale - Review - Sales and TradingThe people are very smart and well educated from top french school and universities. A lot of innovation, involve the junior is these process.. - Very french oriented teams. - Very political team, every body come from the same school. - That's it. ...
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Edward Jones - Interview - TradingThey had asked me to elaborate on a number of positions within my portfolio. It was daunting to elaborate on long/short positions that were mostly by gut and momentum to seasoned trading veterans who, I assumed, expected more substantial responses about portfolio management. While everyone was pleas...
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Citigroup - Interview - Prime BrokerageThey asked mostly about stuff regarding the markets. Must know where all common indices are and what the current price of Gold and Oil are. For the presentation they are mostly looking for you to convey your ideas smoothly. They give you a packet with investment options A B and C with different rate...
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Risks of trading FX Forwards, Swaps, NDFs ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~...
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Make a market questions with a twistHi geniuses, I am trying to start my career in a prop trading firm I have passed the mental maths test and got invited for a second round interview. I am given a bit of information on what I will be asked and it will be something like this: - Make a market (bid and ask) on an object (like a chair)...
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