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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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Performance Trust in Chicago

-caP1taL1sm..

Heard 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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Portfolio/Program Trading

ass.treasurer

Had a phone interview for an equity portfolio/program trading role. Sounded to me like a really interesting and exciting job. I'm weighing it against a couple other positions. Was wondering if anyone had any experience on one of these desks. Had a couple of specific questions: * Long term is this ...

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+2
BP's Graduate Development Program Analyst (Trading)

StdntTrader

Anyone on here apply for their latest intake? The application deadline was last week. Hoping to get an information thread started....

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+3
S&T Summer Analyst Market "Knowledge"

Tego987

I'll be interning at a top BB this summer in S&T in Fixed Income. I've always struggled with the question "tell me what's going on in the markets", as it seems so open ended that I end up sounding like an idiot. However, if someone asked me what do you think the risks of Y in X asset class are based...

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+6
S&T Intern Excel Knowledge

undergrad20

Hey guys, I'm starting as an S&T SA in 1-2 weeks. I'm confident about anything when it comes to finance but idk how to translate that to actual work. I've done heavy research on S&T internships across WSO and the internet but can't find anything about excel. How knowledgeable do we need to be at ex...

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+2
Beyond Meat

Billy Ray Valentine

Now that Beyond Meat (BYND) has skyrocketed more than 3x since its IPO (now priced at $86, up from $25 at IPO), what do we think? I personally think that valuing this business at 59x * **revenue** * is a bit ridiculous... very high level rationale below, would like to know what others think. 1. Non...

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Where should I start? - Fresher from Hong Kong seeking for advices

market-enthusiast

Hello all! First post in WSO :) I am a fresher in a top local schools in Hong Kong, majoring in Economics and Finance. After browsing different forums in WSO and seeking advices from alumni, i found my interests in the market. I would love to break into trading or even in hedge fund upon graduation...

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+1
Does Fannie or Freddie Commit Capital in Mortgage Securitization?

Harry Q

When mortgage loans are securitized into MBS, it looks like the mortgages go directly from loan originators through security dealers to the capital markets. So it seems that the funding comes directly from the capital market, and Freddie or Fannie doesn't put any money down in the process. In other ...

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How difficult to convert SA to full time in S&T

njokes

Hi guys, as the title asks really. Obviously conversion rates vary from bank to bank, but is it really a case of the jobs yours to lose? Cheers ...

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Low GPA from Semi-Target... Prop Trading Still Possible?

grindingmath123

Hi guys, **So here's the problem in nutshell:** I am a rising junior at UCLA, majoring in business economics and minoring in mathematics with 3.0 GPA trying to get into prop trading. I know that my low GPA could hinder me from getting a full-time role let alone internships in companies like SIG, Be...

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+2
VBA Knowledge for Munis

Tego987

I understand that utilization of VBA can go from automating simple tasks on the more liquid, less quanty desks to using it to price exotic derivatives on the fly, clearly quite quanty. I am wondering to what extent VBA knowledge is needed on a Muni desk on the sell side, as I have very limited VBA k...

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+1
Switching Programs: HELP

wpace17

Hello all, I've got a question on a bit of a problem I have. I am looking to secure a 2020 summer analyst position in NYC. I have some connections at a BB on a trading desk. I have met about 10 different people (analysts,VPs, and MDs) and talked to them about the S&T lifestyle and career. I have sh...

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+1
Are there any resources for simulating investment in Chinese stocks?

jonkolodychuk

Hey guys, My foreign friends and I studying in China organized into a little equity research team and would like to run a simulated portfolio of stocks listed in Hong Kong and/or Shanghai. Are there any online simulators we can use to do so? Back home I've used Wallstreetsurvivor but it only works...

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Physical Commodities Trading Career Path and Prerequisites

amoghhlgr

Hello Everyone! I currently live in Bangalore. I completed my graduation in Mechatronics Engineering in 2016, and have worked as a UI Developer since then. Now, I'm interested to switch to a career in physical commodities trading. 1. So, what steps should I take now to make the switch? What do I ...

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Equity Derivatives Summer Internship

moodoid

I would embrace any opportunity to learn about and be in proximity to equity derivatives trading/strategy in an institutional setting. I'm a math major and I have been trading equity and index options (mainly tech stock options, VIX products, and VIX) since volmageddon last February. I am reaching o...

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+4
Risk Management (Quant Market Risk) to Sales?

BankerLenny

Hi guys, Been following the forum for year, now have a question I'm Quant market risk analyst in the City of London in a T2 bank. First year after a master in financial engineering and risk management in a good semi My dream has always been to work in S&T, especially Sales You guys think possi...

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S&T exit opps and technology

sultanoflondon

Hi all, What kind of tech jobs do S&T leavers go into, if any? For example, are there any common tech firms that S&T guys leave for? I presume not Google, Facebook & the like, but surely there must be some interesting avenue in technology that these (relatively) smart guys go into? Thank you!...

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Get that FT offer

BLTH

I'm starting my internship, like many, in a few weeks. I would love nothing more than to walk out of this internship having learned a bunch, and with a full-time offer in hand, and for those of you out there who turned an internship into a full time offer, I was wondering how you did it. We have all...

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+4
As a teenager what is the best way to make money?

Chima_M

Hello there, I am 15 and was just wondering what the best way to make money is for my age. I realize that this is a little short but I don't have anything else left to say. Thank you for reading. ...

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How does information affect physical commodities?

DriedMangoes

Hi all, I recently spoke to a commodities trader to learn more about the industry and he said that margins were getting squeezed throughout because of information but I can't quite wrap my head around how this works. Is the idea that customers of firms like glencore/trafi could shop around differen...

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Series test needed for prop trading?

DJSolomon

Hey all, I am a rising senior and have come across an opportunity working for a well-regarded prop shop during the school year and possible FT. The problem is I don't have any series licenses yet, so my question is do I need any series licenses to trade for a discretionary prop firm? Thanks...

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Ccy Swap interview preparation

Nijikon

Hi WSO, I'm preparing for a quant trading position at a BB bank's Rates floor. This position involves currency swaps. My background is in more vanilla FX products so I would like some guidance on what to read up on. Additional info: - I'm good at quant: regression models, ML models, coding, time s...

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+3
Calgary Power Trading

pongo

For those with experience in power trading within Canada would you mind sharing: 1) What are the top firms to trade power in BC, AB, ON? 2) What are the best hubs to trade at a Canadian firm? What are the major differences in trading the major hubs (that Canadian firms trade)? 3) What do you think ...

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New crypto-focused family office

cryptotradingtech

Hey, We’re a new family office with $500k in seed capital to get things going in crypto markets. I’m the son of one of the investors and I put in 30k to hire a data scientist, infrastructure and trade engine engineers to lay the foundation for an HFT venture. The objective was to develop all t...

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+2
Prop shop splits

cryptotradingtech

A quant is offering to port his algorithms into our engines, and wants a 66% commission on PnL. He says that a typical prop shop will do a 50-50 split on PnL, but in our case it's different since he'll be doing a bunch of extra work to get it working. We're a family office, have a team but we're mi...

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Do I need a MSc? which one?

Loz

Hi all, Looking for some feedback form S&T professionals. Graduated in 2018 from a UK strong uni (high russell group), with very strong academics. I have sinced joined a risk grad programme in a big commercial bank (no BB) never really with the intention to stay as my career ambition is to work in...

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Prestigious Prop Shop Exit Ops

wolframhead

So I recently graduated college and accepted an offer with a well-regarded Chicago prop shop as an equity derivatives market maker, primarily operating over the counter. Pay is quite good- six figures base- but I'm wondering what kind of opportunities might be available to me if I decide I want to d...

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Exit opportunity for options market maker

JoeisJoe

Advise for transitioning jobs while still doing first year as an options trader trainee? I am currently working for an options market making firm as a first year analyst and while I am doing well at the firm and do enjoy the complexity of options, I wanted to ask the community what options I have fo...

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+1
Can you price Ride's stock?

ryoumahi

Hi guys! We’re doing a study on investors, basically asking you to give a price to the stock of a ride-hailing company called Ride based on some information we’ll give you. It would really mean a lot to us if you took just 2 minutes of your day to help us. When we have the results, I'll shar...

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How does the escalating trade tensions between US and China affect the physical commodities trade?

amoghhlgr

Over the last week, the escalating tensions between US and China has affected the stock market across the world. I'd like to know how it will also affect the physical commodities trade, and the strategies that traders can opt for in a situation like this. Thank you....

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Trafigura Group PTE

Ginny

Hi all, I know that there are bilions of questions about Trafigura and other trading houses, but it always seems to me that people who answer those questions are talking more from words of mouth than from actual experience. I would like to know if on this forum there is anyone who worked at Trafigur...

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MSc Machine Leaning vs Applied Maths

EuroQuant

Hi guys, I would really appreciate a piece of advice on my situation from some more experienced people who work in S&T (my goal is London S&T, specifically structuring / pricing / systematic strategies / (algo) trading, with my second choice being MBB consulting in my home country in continental Eu...

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How Does Provexum Work?

krunalmi

You may moreover be feeling that how does Provexum work! It is an astoundingly significant improvement that contains all the characteristic fixings and generally it has been made for treating your sexual issues. Provexum can work to improve your productivity. You will have seen that the rate of deso...

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Citi PFSS Summer Analyst Desks

MAX0XaM

Hello everyone, I accepted an offer for a Citi Prime Futures and Securities Service Summer Internship and I was wondering what the different desks in that division are. I know the general responsibilities but I can't find a specific description of all the roles. Any help would be greatly apprecia...

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prop firms that allow remote trading with no capital contribution

eagle46

hey guys i was wondering if anyone is aware of a firm like this. It is so hard to determine who is legit and what sites appear to be scams. The only ones I have seen so far that seem legit are t3 and great point capital. I know t3 wants a contribution and i believe great point does also. However, al...

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