Silver BananaTopic
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Company Interview: Akuna Capital LLC - Quant Research Intern'What math classes have you taken?' I stated some math classes, and then they asked me various math questions that I probably should have been able to solve if I had remembered anything that I learned in those classes. Unfortunately, but I couldn't answer well because I never remember anything fro...
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Company Interview: Sunrise Futures LLC - Quantitative Researcherthe questions aren't that difficult but having back to back technical rounds can be draining and be prepared for a long day. be prepared for a lot of prob&Stat based puzzles such as coin tosses and other types of games other than brainteasers, in depth questions in statistics and some programming qu...
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Middles Office Quant role to Front office trading roleHow hard is it to transition from a middle office quant role say in credit risk to a front office trading role after a summer internship at a BB? ...
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Company Review: Wolverine Trading - Wolverine OfferDidn't take the offer. good offer. housing offered. breakfast lunch offered chicago city pass offered. i don't think i know enough to say what was a con. i chose not to take the offer. i decided to sign elsewhere....
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Company Interview: Goldman Sachs - Summer AnalystMainly competency questions on teamwork, problem solving, a challenging situation, integrity - basically all their core values. - Tell me one time you worked in a team? - Why Goldman? - Strengths based/scenario questions - the interviewer gave me a hypothetical problem and ask me how I would go abo...
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Company Review: TD Securities - Great work environment Good work life balance, fair compensation, great benefits, less stressful work environment than typical BB. Nothing really here. Down year in terms of volatility has dampened trading activity across the street...
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Company Review: Standard Chartered Bank - Goodthe best thing to work for this company is the footprint where they present in, being international is a good thing.. renumeration remains to be one of the thing that bank can improve to retain talents, there's still rooms for improvement....
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Will DOE proposed subsidies kill the Wholesale Power Market?The DOE has directed FERC to begin to look into ways to subsidize baseload gen. Is this the end for competitive wholesale power markets? PJM has recently put forth a plan, at a recent stakeholder meeting, on how they would restructure their market to compensate coal and nukes. ...
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Company Interview: Wells Fargo and Company - S&T Summer AnalystThe questions were very straightforward. Pretty much all behavioral questions, with a really easy brainteaser tossed in (i.e. classic minute hand problem). They also asked in depth questions about the oil crisis and my take on oil, LNG, etc. which I had prepared for. Other than that it was the stand...
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High Yield and Investment Grade bond trading1. What are some trading strategies of these desks? 2. Do they rely on fundamentals (does that even apply?) 3. How much client interaction/flow do they have? Or is it more like a credit derivatives desk which doesnt have that much client interaction? 4. If Yields are currently low, prices are high, ...
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Currency Question on WonToday South Korea decided to increase its interest rates to 1.5% from its record low of 1.25% but despite that the currency fell. As far as I know increase in interest rates should appreciate a currency because of an increase in demand for that currency. Is it because a lot of people were using the...
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Company Review: Standard Chartered Bank - Great International ExperienceIt is a pretty broad rotational program that lets you work two months in each front office financial markets role. It essentially acts as a pre-analyst program, with a guarantee that you will be hired to one of the front office teams at the end of your first year.. Compensation is not really competi...
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Company Review: Exxonmobil - Great Place to Start OutPros: great salary, good relocation. Really smart coworkers and interesting projects. Enjoyable work environment.. Location is terrible and you're kind of stuck in that location for four to six years, with Houston being the only desirable location to go to....
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Crabel CapitalI couldn't find much about them online besides the book. Anyone have experience working / interviewing / interacting / etc?...
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Company Interview: Glencore - Global Trader Graduate Scheme 1. Japan is hit by an earthquake, where do you invest? - Answer included thoughts on: JPYUSD exchange rates, LNG-demand and construction. - I was asked additional technicals on LNG/Shipping prices including historical TCE rates / LNG rates 2. You've been here for two years, how much money do you ma...
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Is the option I hold European or American?I trade on paper account with CBOE. I want to build more European option strategies but I cannot tell if the options I'm looking at are European or American. I know most NYSE and NASDAQ traded stocks only have American options. American options' settlement date (ignore weeklies) is on the Friday be...
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Entry-Level Natural Gas SchedulerSo I know this isn't exactly "trading" but I couldn't find a commodities section on here and in terms of commodities I like to think of it as my first step in my career to becoming an actual trader. I know when I was applying and trying to search information I was unable to find a lot of commodity t...
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Goldman second/third round interviewsHi Guys, After completing my Hirevue I was invited for some video interviews through Blue Jeans which I did last week. I've searched the forums but haven't found much on what the next step in the process is (AC?). This is for London SA recruiting! Has anyone done any AC's for Securities? Cheers ...
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Company Interview: HSBC - Industrial placement traineeactually nothing unexpected. The first call is from HR, which is very easy and they are very nice to student interns. They basically just record things you told them and won't question what you have said. for the second call, they do ask lots of behavior questions. for this intern specifically , it...
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Company Interview: Nomura Holdings - Summer AnalystI applied to S&T and my interviewer was a guy working in structured products which was fine. He did ask very technical questions which threw me off a little, considering all other first round phone interviews I've had have more or less been me regurgitating my resume. Questions were pretty fun and I...
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Company Interview: Morgan Stanley - S&TTell me about an innovation that you think will affect sales and trading within the upcoming years. How will it affect it? This is a question that if you haven't prepared for it is very difficult to answer.Partnering with the best technology startups and entrepreneurs is a vital part of Morgan Stanl...
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Company Review: Commonwealth Bank of Australia - Try to avoid this place unless its the last destination for your career.Quick recruiting process and for many people, decent work/life balance. The location is in midtown manhattan with decent food choices nearby. However, the pros end there.. Weak platform with a very bad reputation amongst clients and the rest of the street. This is a dead end career if you're relativ...
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Company Review: Goldman Sachs - GS Summer AnalystGreat opportunity to network, excellent pay, and the office was not far from work. Opened a lot of doors.. A lot of work and hours occasionally ran long, but luckily that did not happen often. The occasional nagging MD was another small downside, but not a deal-breaker....
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Company Review: Citadel Investment Group - Great Intern experienceVery intelligent people, hard working culture, great compensation, management is very direct, highly successful and well regarded in industry, fun intern events and experience. Work life balance can be a bit difficult, hire and fire culture is very apparent, Eat at your desk kind of culture....
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U5 blemishI am being offered a job, when should I mention the u5 blemish? Blemish is minor but there is a back story, not sure how future employer would view it and may rescind offer....
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Thoughts on Principal and Fundamental Focused Trading Desks at GoldmanInterested in learning more about the principal/fundamental trading desks at Goldman. I know that SSG does principal investing, MBD does Real Estate/PE, and GSAM has some cool funds, but within the main securities program what do desks like Principal Funding & Investment, Distressed, and HY look for...
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Radix Trading vs Five Rings capitalHave an offer for a Quantitative Researcher at both these places, trying to make up my mind. Any input on either? Comp is very similar with Five Rings offering a spread and Radix a fix bonus roughly equal to the FR median for the first year. A lot of people seem to label Five Rings "click trading" a...
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Best free mock/virtual trading sites?I spent my summer managing a portfolio at Bloomberg on the terminal and was wondering if there is a go-to website for virtual trading. I'd like to start my own portfolio of something like $10-50M and see what I can do with that in the course of about a year. What websites are the best and keep up wi...
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How to better position myself for Equity DerivativesHey Guys, Just wanted to ask for some advice on this matter. I've recently went through the whole interview process for a internship position for a BB Equity Derivatives Internship program (GS/MS/BAML etc), but was eventually rejected at the final round of the process. I was honestly quite disappoi...
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Company Interview: TransMarket Group - TraderThe most difficult interview questions were probably the technical questions. Behavioral questions were very simple (i.e., why trading, why us, tell me about yourself) but some of the technical questions weren't explained very well, didn't know if that was intentional or just another test. Some mark...
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What will happen to the yield of HY bonds if interest rates go up?Can this scenario happen?: If rates go up, refinancing slows down and the primary market shrinks. In addition, since rates has gone up, the old HY bonds' coupons are not attractive anymore. So the demand for these bonds will decrease, which means that their value will decrease (and that will cause...
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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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S&T Case Study PracticeIf anyone has any case studies that I could use to practice for an upcoming S&T superday, it would be greatly appreciated! Thank you!...
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Company Interview: Haitong Securities - wealth managementasked in -depth about one of my previous internship experience,which is in a securities research firm where I covered some equities,asked me what methods i went into researching the equities and what kind of conclusions I had from my research,followed up with how do I know my conclusions are valid a...
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Someone explain a CAT bond to meHey all, I have an interview coming up with a company that consults organizations on issuing CAT bonds. Could someone explain to me, in simple terms, what a CAT bond is? From what I've read online, it's pretty much when an insurance company issues a bond w/ a high interest, and if a catastrophe hap...
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Company Review: RBC Capital Markets - S&T AnalystJust starting so not too much to say but previously interned with the firm. Great culture on the desks I had exposure to.. Seems to be a bit of an old man's club, there is an egotistical aspect to working at RBC in Toronto as they know they're the biggest and lead most product groups....
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JPM S&T NYC vs. HKTrying to make a decision between S&T NYC or HK... My background: grew up in HK and went to boarding school (think andover, deerfield) and then target school (think Yale, Upenn) and not sure where I wanna work in the long run......
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Company Interview: Citigroup - tradingHardest question was walking through a technical based around the company. I had to evaluate the factors that justified the company's "relatively" high stock price such as changes in interest rates, savings, etc. Most important thing to know was how different rates and fed movements affect the eco...
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Doing bitch work during your internship?Currently at a small boutique firm in Hong Kong undergoing my Cash Equities Summer Trading Analyst internship. There I see fellow traders executing trades and being super busy at work. There in my first week, I am asked to shred paper of records of accounting statements from 10 years ago. Should I...
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Company Review: Morgan Stanley - Very GoodReally good company culture - loved everyone that I worked with at Morgan Stanley. Very well structured internship program, with 3 rotations, pre-determined projects, and lots of interaction with senior traders/managing directors. Had a fantastic experience.. Would have liked for more internship bon...
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Carry and slide for SwapsWhat's the difference between carry and slide or roll-down? ...
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Company Interview: Susquehanna International Group - Summer Analyst During the second half of the phone interview, I was asked probability and expected value questions.The questions started off easy and became more difficult. One question I received was: Let us play a game. Flip a coin 4 times and if it lands on heads all four times, I will pay you ten dollars. Woul...
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Company Interview: Akuna Capital LLC - Trading InternshipThe webcam interview was the most difficult for me, because of the time limits. I was given 1 minute to answer each question, and each subsequent question began immediately (there was no in-between time). One of the harder "questions" was about 10 mental math questions written in different formats (...
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Breaking into trading from Quant RiskI currently work as a Quant Credit Risk Manager, I have my masters in finance from a non-target. I want to break into a Junior trader role or an entry level role where I can use my Quant background to develop. I was wondering is going from Quant Risk to a front office role like Trading possible? An...
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15 Career StepsLongtime reader here, left the biz in 2012. I thought I'd give back and post some good advice that was shared with me by an older mentor when I was younger. Learn it. Use it. Live it. Hope you find it helpful. 15 CAREER STEPS 1.) Perception is everything...act as if. 2.) Never give them a reaso...
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Company Interview: Bluefin Trading LLC - Assistant traderThe most difficult questions were probably the brain teasers. there were no technical questions asked but alot of tough brain teasers to do with expected value, conditional probability with coin flips etc. On top of that, there were also alot of math questions testing your mental arithmetic, so you...
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Company Interview: Goldman Sachs - Sales and TradingWhy Goldman Sachs? Do you follow the markets? And after saying yes, I was asked about something interesting I had recently read about and give my thoughts on it. Another interviewer asked me the same question but instead worded it "tell me about a market theme you have currently noticed" Tell me a...
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FX Trade Ideahi all, after yesterdays disappointing NFP numbers, which currency pair would you focus on over the next weeks? cheers claas...
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Bulge Bracket Trading in Government BondsHow similar are trading roles in BBs in government bond trading to that you would do as a fixed income PM in a hedge fund? Are the skills transferable? Does it matter if cash bonds or derivatives of the bonds? Are you able to take risk or are you just executing client flow?...
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Company Interview: Goldman Sachs - Summer Analyst1. How can you approximate the swap rate, knowing only the forward rates prevailing at the moment for several maturities? Please explain the process in detail, i.e. bootstrapping, fundamental links, etc. 2. I'm now covering a few local refineries. What kind of product can you advise me to pitch an...
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Company Interview: Two Sigma Investments - QR for 2SigmaInterval Merging Question: Given a set of intervals, write python code to merge them to merge the intervals together. For example, "[1,5],[6,9]" stays the same while "[1,5],[2,7]" becomes "[1,7]". I was able to get this question pretty quickly and the remainder of the interview was just a Q/A For ...
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Company Interview: Optiver - AnalystEverything was very simple. I did not get the chance of giving technical interview so cant say about the difficulty actually. but i think you can practice for sequence series question as they were really good and most of the people was not able to qualify that round. First test was very simple which...
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Company Interview: Susquehanna International Group - InternshipWhy do you want to work for our company? Why trading / quant trading in general? What do you already know about our company (from online, research, talking to people, etc) What other industries are you apply for, and why? What other firms are you apply for, and why? Is our company your first choice ...
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Company Interview: Flow Traders - TraderHow many times a day do a clock’s hands overlap? You flip 5 coins. For every head you get, you get $1 and lose $1 for every tails you get. What is the expected value of this game?   2. A deck of poker (no jokers), 1~K represent 1~13 respectively. Draw one card, what's expectation? Draw three ca...
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Flow Trader BonusHi, can anybody share bonus / total comp for a vp levwl flow trader? Currently at a second tier, access to a medium-sized balance sheet of corp bonds. Asking because I made a lateral move fro desk analyst (i.e. research role) on the same desk, this will be my first bonus cycle as a trader, any help ...
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Equity Sales Exit OpportunitiesHi guys, Just joined the WSO and this is my first post so any help/guidance would be much appreciated! Just to give you some background, I'm a 1st year analyst at a US Bulge Bracket firm in equity sales after having done the internship last summer and I did a summer in M&A before that (the worst 1...
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Officially entered y2k bitcoin So - Riot blockchain. A formerly failing biotech changed their name 6 weeks ago and spend 2.5 million buying mine rigs. Stock up 1000%. 140 million market cap. 15-20 million in cash and 2.5 million in mining rigs and a few legacy poorly performing bio royalties. Mara - up 300% one day. Heavily ...
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Company Interview: Optiver - InternI was asked some difficult division and multiplication questions. Most of them were 4 digits- divided by 2 digits or 2 digits multiplied by 2 digits. Then the behavioral part also had some pretty tricky questions like will you like to work as a part of a team or alone. And they had these questions, ...
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Company Review: Citigroup - CitiGreat people, kind all around. . Compensation could be more competitive. The analyst track is very rigid. ...
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Transmarket Group vs Optiver vs Virtu vs BelvedereFor trading/quant trading. Why would you pick one over the other? How does it compare for things like culture/compensation/conversion rate from intern to full-time?...
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Company Interview: Citigroup - Citi Bank, Markets and securities, summer internAs the tech question is about portfolio choosing, and the available three choices all have strength and weaknesses. So we're all challenged on the weaknesses of the choice, and need to explain why we make the choice. The fist choice have the highest portion of equity, which also means its high risk...
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Barclays Cross Asset SalesNot sure how to prepare for this interview. Read up on derivatives? Any insight appreciated. Below is the description Description: About Cross Asset Sales Cross Asset Sales is a global team dedicated to providing tailored and innovative investment solutions to a wide range of clients. The team ca...
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Great Trade Ideas That Most People Do Not SeeMillions of people trade the markets daily and there is a lot of common investing rules. Buy low and sell high, or if you want a bond that is risk free buy US treasuries. I know there is many more rules like this in the world of finance. But my question to you guys is what are some trading ideas th...
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Credit Suisse SolutionsDoes anyone know anything about how the Credit Suisse Solutions group is doing in Asia? Would this be worth taking over another BB securities/strategy role or quant trading at a hedge fund/prop firm?...
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Option QuestionsI have been going through Euan Sinclair's book and there it is written that the Gamma of an option is not symmetric with respect to ATM price because it is scaled by the underlying price. What does it mean to be scaled by the underlying price? Also, can someone give an intuitive answer explaining w...
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Windows 7 Library TroubleshootingWhen you first get home library software, you might be dazzled by all that it can do. But the more that you look at it, the more that you begin to wonder Scribd Review if you should have bought it in the first place....
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Sniper TradingWhat does it mean when a trader says that he executed a trade through a "sniping" strategy? Can this be done in any asset class? My understanding is that it is just lining up trades and hitting banks all at the same time, not giving them enough time to realise that the market has moved when they try...
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Bulge Bracket Summer 2018 Analyst (undergraduate) Hey everyone! I know many bulge brackets are starting to wrap up recruiting and closing a lot of their programs... Does anyone know what banks out there still have programs for S&T open? Preferably bulge brackets, but if anyone has a clue that'd be great. THX! ...
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Basics of market making HMy main focus has been M&A so I'm not too familiar with trading other than one semester of a trading class in school. Have an interview with a top market making firm this week and trying to grasp the basics. https://www.wallstreetoasis.com/forums/interview-question-make-a-market-on Searched throu...
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Company Interview: Société Générale - Market RiskQuestions about options. When you answer they ask further to test your knowledge. The test how deep your knowledge is, that's the only difficult part. However, if you know your stuff and have a good grounding they will see this and not test you as much. No market questions were asked. Overall I thi...
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Interest Rate Derivative SalesHi Guys, I had a question about a junior summer internship offer that you might be able to shed some light on. I've searched the forum, but haven't been able to find anything concrete. This summer I am considering an internship in Interest Rate Derivatives Sales. I was simply wondering what the jo...
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Scoular?Hi, I'm a sophomore at a non-target. I just got an offer from Scoular to work as a merchandising intern this summer. From the interview it seemed to be a great place to learn the fundamentals of grain trading. Obviously, they were talking themselves up in the interview but everything they said sound...
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Company Interview: Optiver - TraderOn the spot mental maths like square roots or tricky divisions. One asked for up to 4 decimal places, with the answer instantly. This is pressurizing and I think that was part of the interview- they wanted to see how I responded exactly to the tricky task at hand. Afterwards they said that nobody ha...
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Factors affect Structure Products PricingI got questions on structure product pricing. Anyone got any good sites that I can refer to for factors that will affect the Structure Product pricing? i.e. interest rate, dividend etc...
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Company Interview: Goldman Sachs - Goldman SachsUnexpected prop trading types of questions such as probability and expected value on dice, poker, coin and so on. I was not really expecting this type of questions on sell-side sales and trading role but interviewer asked a lot of these questions (possibly because he is from the strats team) Other t...

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