Silver BananaTopicReplies
Citadel Investment Group - Review - SecuritiesMost intelligent people i have worked for, competitive, detail oriented. Hours are as you wish, however most spend 80 plus.. Too competitive environment for most. Work life balance is none so not the ideal environment for most people...
Susquehanna International Group - Interview - Prop TradingShe asked probability questions. One was how many ways can 5 different people sit down at a round table? There is a 91% chance of seeing a shooting star in the next hour, what is the probability of seeing a shooting star in the next half hour? I have 10 cards face-down numbered 1 through 10. We pl...
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Equity Financing Could anybody explain what Equity Financing desks do at a BB? Is it considered S and T? Thanks in advance. ...
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How interested are you in wearing hair extensions?I like to wear hair extensions, I want to try different hairstyles and various colors. Interesting thing is, when I have straight hair and want curly hair, and when I have curls, I want to straighten them out. So hair extensions can help me solve the problem and do not damage my own hair....
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FTR MARKET STRATEGY in PJMI am an intern and I want to know what are strategies used for trading FTR in PJM Market. As I know a bit about UTC and Virtuals , I want to know more about FTR'S and it's whole process. Can someone help me out with this???...
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BP - Review - EnergyQuestions are welcome across all departments. You get to interact with top traders across the trade shop.. a lot of information if you don't have the experience. You have to put in a lot of work before internship to be ready to keep up...
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Understanding the Yield Curve - pdfI have managed to pick up an old Salomon Bros report by a guy who used to manage money at Brevan Howard. It is quite good, and while I have parts 1-7, I keep reading that there may be parts 8-12. I have been looking for these, can't seem to find them, and am starting to wonder if they really exist...
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Anyone London based who know about this program?I got an interview invite from Audacity Capital in London for their Hidden Talent Program. According to them, they will train me for a month and then give me $10000 of their own money to trade while being coached by other traders. If the candidate does well then their account will be given another $...
1
SunTrust Robinson Humphrey STRH - Review - Sales and TradingVery engaging environment, but still maintains a laid-back feel. Lots of opportunities to learn and grow.. Not much of a crash course at my level. More or less got thrown into the weeds and am learning as I go....
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Male Liberator to reach the ones desires**Male Liberator** to reach the ones desires in particular whilst there are such a lot of to select from. In this newsletter we are able to strive that will help you narrow down your desire. You ought to recognise that you can increase muscle without the usage of dietary supplements but the usage of...
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Société Générale - Review - TradingGreat name Resources/research Networking with senior management Good experience on the desk Good location. In Chicago less networking than New York Not a lot of constructive feedback Not as many resources as American banks...
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Junior Canadian STIR/FX trader -> Offer from Chicago Corp?Hi everyone, Any advice/comments are appreciated. I have to be a bit vague to avoid being recognized. Please PM if you'd like any details! I work in Toronto as in STIR/FX for a Canadian organization, say around 3 years in. I'm on a pretty solid team with upward potential. While I do get piled...
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Trafigura - Interview - Oil and GasHow many barrels of crude could fit in this room? Tell me about yourself? What comes out of a barrel of oil? If you were shrunk to the size of a pencil and put in a blender how would you get out? Tell me about a time you worked well in a group? Give us an example of a time you exhibited strong leade...
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Question regarding daily Pnl Computation.Hi, I have a question related to the computation of daily returns from Risk based haircut(RBH) and net Pnl values provided by a clearing broker. For example, let us say that the broker provides a net Pnl (after taking into account all fees) of 1000$ and Risk based haircut value of 1M. The follo...
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Akuna Capital LLC - Interview - N/AQ1: An ice cream shop needs to maximizes profit. They buy ice cream at price p per integer unit plus a fixed fee d for each delivery. They can store ice cream at a fee c per unit with max capacity m and have a demand array D, with each entry denoting unit demand for that day. Given these values, ou...
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Insight on CD Trading Desks?I'm currently in the process of transferring from a CC to a regional target as a sophomore and have a possible internship position on a CD trading desk. One of my interests is in S&T and was wondering if anyone had any insight on CD desks? While i'd assume CD desks are quite boring, the fact that i'...
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Shorting Auto Loans?What instrument would you guys use to bet against the auto loan market? I'm a RE undergrad, so a lot of the trading stuff is outside my realm of competence. I heard a speech at my school today from a former PE guy who went out into the subprime auto loan market. He essentially works hand-in-glov...
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Morgan Stanley - Interview - Sales and TradingAll questions were the common sales and trading interview questions. How are you following the market, how are you qualified for the position, where do you see yourself 5 years after graduation, teamwork experience, strengths and weaknesses, walk me through your resume, why are you interested in sal...
JP Morgan Securities - Review - Sales and TradingI find the subject matter of the work to be interesting. The day to day work changes frequently and the hours are decent . The job is interesting but can be high stress. Lots of competition amoongst peers and a focus on bottom line...
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Queens for S&T?Hello just joined the forums, I currently attend a Canadian non-target aiming to end up in S&T. I am looking to transfer to a target and I was wondering which school places the best in S&T (Preferably trading). Searching "Sales and Trading" on LinkedIn, I found a lot of Alumni from Ivey (which is a...
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BMW Korea - Interview - Investment BankingTell a failure and how did you overcome it? Describe yourself in one word ? ...
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Emerging Markets Trading - QuestionsHello Guys, One q: Can somebody please explain what EM traders do? I know there will be some ppl who would point me in direction of another thread or would bash my question, but all I am trying to do is to learn. All I want is the description/ example of what they trade (e.g. product or range of pr...
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What do market makers do? Also, prop trading firms.Could you guys tell me a little bit about how market making works? To my knowledge, market makers basically make money off the spread between bid and offer. So when a market maker sees a bid that is slightly above an offer, does he buy the security, actually hold it for a short period of time (a few...
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Move timingGentlemen, play a guessing game with me. I've made it to round three for a job in S&T (associate/vp level) in London and I've been told by someone not involved in the interview process that they are down to 3 candidates including me. My advantage is my short notice period vs the two other candidates...
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How to stand out in a JP Morgan Iberia Sales Desk Assesment Center?Hi everyone, next week I have the AC for Iberia sales desk for JP Morgan in London and it is going to be my first AC ever. I have done my research in the department but I do not feel that will make me stand out from the rest as it is an standard preparation. Does anyone have any tips on how to tackl...
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JPMorgan Chase - Review - Prime BrokerageGreat networking opportunities, solid work-life balance. Ability to move laterally if unsatisfied with the desk you find yourself working on. Company culture seems more welcoming and vibrant than previous places I've interned.. Is not as fast-paced as a traditional S&T internship, but pay is good an...
Goldman Sachs - Interview - GeneralistThere was really no difficult question that I was not expecting. It was for S&T so they asked which one I was leaning towards and I said trading. They then asked me what is a major trend/theme going in on in the market and what my thoughts on it were. ...
Jump Trading - Interview - Quantitative ResearchSuppose you backtested a trading strategy, it did very well. But in live trading, you keep losing money, what would you do? Suppose you sit on the road side and observe cars driving by. Assume the distribution of cars driving by is according to an exponential distribution. Now you observe a first ca...
DRW Trading Group - Interview - N/AQuestions about how much you would bet on x. Expected value questions. Some questions on how to approach playing a game. Also had a coding test which may or may not have been considered as part of interview process. Overall very quantitative, pretty difficult interview. Hard to prepare for. Not...
ABN AMRO Group - Interview - Corporate Banking"Describe a time when you were under high pressure and needed to make quick decisions" "Describe a time when you dealt with an angry/disappointed client" "What do you know about trading?" "Name the top 4 market making firms" "What is clearing?" "What is securitiew borrow and lending and why doe...
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RBC Global Arbitrage & TradingIt's time someone at least attempted to shed some light on this group. This is RBC (Royal bank of Canada; Canadian equivalent of GS)'s prop trading desk. The group is apparently very impressive/profitable and even after the financial crisis, when banks were pressured to offload their prop desks, RBC...
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London Fixed-Income Trading Entry Level Grad Scheme - Final round interviews - Japanese BankDear WSO Gurus and colleagues, After a successful 1st round Fixed-Income ST phone interview with a Japanese bank I was invited to their London office for a final assessment for a Trading role. As I was informed that a competency based interview together with a case study and a technical interview...
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RBC Capital Markets - Review - EquitiesPlenty of access to upper-management- MD's have their doors open for interns to come in at any time and talk about anything, very friendly and welcoming. Difficult to figure out which desks have opening for Full-Time positions, thus hard to choose which desks to focus on networking with throughout t...
Susquehanna International Group - Interview - Prop TradingDo you play any games competitively? There are 2 boys and unknown number of girls in a nursery. A new baby is just born inside the room. We pick randomly a baby from the room, it turns out that the baby is a boy. What is the probability that the new baby just born is a boy? Similar question to a...
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Bulge Bracket or Mid-Cap Bank Background Checks Hi everyone! I have just accepted an offer at a mid-size firm, particularly a bank, and was looking to see if anyone can provide any background or knowledge on what the background check is like Are transcripts requested??? (I've heard many banks do not check, and if they do, it would be in the be...
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TD Securities - Interview - N/ADidn't have many unexpected questions - very behavioral, what is an example of a time that you lead a team, how do you work on a team, why do you want this position, very standard behavioral/fit questions. Most of the interviews were people talking at me and telling me why they joined, the benefits ...
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Most Prestigious Product GroupsWhat's up WSO this is my first post here and I'm an incoming SA at a top-tier BB (JPM GS BAML). I still have a bit of time before placement day and was wondering what the community considers the best groups in S&T. Prestige of product, exit opportunities, work hours and any other details would be he...
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Five Rings Capital LLC - Interview - Equity ResearchWhat is one job you would never do regardless of pay? This question tested to see where your interests don't lie. I stated that I would never want to become a professor of humanities since I don't have a passion for literature or history. I said that I have a more STEM-oriented approach to solving ...
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Total Radiance Teeth Many congenital**Total Radiance Teeth** Many congenital disabilities are also notion to cause scalloped tongue either directly or in a roundabout way. Inflammatory and infiltrative conditions associated with scalloped tongue encompass Down syndrome lipoid proteinosis hypothyroidism sarcoidosis amyloidosis angioede...
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Jane Street Capital - Interview - Trading1) They asked some game theory, probability question about betting on the roll of dices. Without giving too much away, it is a standard game theory question that involves dice so that you might think it invovles probability, but in reality it just involves game theory. 2) standard number theory ty...
Wells Fargo and Company - Review - TradingLove the people I work with and the energy on the floor. I'm learning a ton and there is always something going on. . The hours can be long, but that is probably about it. Stress needs to be managed, but the stress is what makes it exciting....
MUFJ Morgan Stanley Securities - Interview - Equities1. How do you understand the risk neutral measures. 2. What is the project you have done so far. i.e. what is the back testing system you are building? could you tell me the building block of 3.Why under risk neutral measure it has to increase by risk free rate. For example, if I have a pay off ...
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Invited To Stay At The Trading Floor; How To Impress The Traders?I killed it so hard in an interview for a hybrid MO-FO role in Fixed Income Sales, that I got told by the VP for the area that I would get bored there, and that he wanted me in a more pure FO role. At first, I was disappointed that I didn't get a position there, but at the same time, this is an oppo...
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Cargill - Review - N/AGood job, really like it here. Get alot of responsibility very quickly if you perform. Key part being if you perform. . Too much useless administration work, compensation is lacking compared to overall industry. not bad overall tho...
Société Générale - Review - Structured Products FSR-Good name in EQD, meaning it's easy to get interviews elsewhere. -Loads of friendly people in the company. (that's it). -absolutely no investment in junior staff -incompetent line managers -back-office (Bangalore in particular) is a DISASTER and junior Front Office staff will spend most of their t...
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Does anyone know anything about RBC's GELP (Global Equity Linked Products) Program?I was wondering if anyone knew anything about RBC's GELP program. I searched through the website and only found a post that didn't really have any information on the program - just people asking questions about it. Thanks...
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Game Theory at SIG SusquehannaAnyone have any information on how Game Theory is taught at SIG Susquehanna? Besides hands-on gaming sessions, what books/notes are assigned? ...
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Barclays Capital - Interview - Equity Capital Marketspitch me a stock. tell me about a time when you failed. tell me about x on your resume. walk me through your resume. tell me about the markets. if you were ceo of x company what would you do. estimation question. a couple brain teasers. a lot of off-the-wall questions that are geared towards my own ...
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JPM Trading - ColumbusLooking for some info about JPM trading in Columbus, OH. Primarily want to know which desks are located in Columbus and what support personnel sit on the desk. Are there compliance/business support people that sit on the desk. Or are they located elsewhere in the building. ...
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How to get a free 100$ forex account without depositing a dimehere is the tip, there is this currency broker called uwcfx that launched a special offer with a payment solution called okpay all you have to do is go and register with okpay at okpay.com then you will get an e-mail with a coupon code for the free 100$ and from there you go to uwcfx.com sign up and...
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Optiver - Interview - Prop TradingThere was nothing particularly difficult; be sure to expect timed mental math questions with follow up questions on how sure you are. Questions went over basic statistics and probabilities, sometimes it was hard to follow just because of how the question was worded. I.e. What is the square root of 3...
Optiver - Interview - N/AThe mental math test was 80 questions in 8 minutes, it was quite difficult. Tradertest or zetamac are two websites that would suffice in preparing one for the test. Then the phone interview was a mix of fit questions and difficult probability questions, asked in increasingly difficult order. They we...
State Street Corporation - Review - ResearchGood benefits, Pros "Career growth, Work life balance" "Great Benefits and good structure" I liked it. "Not great work life balance, but they are making efforts to make it better" (in 741 reviews) "Long hours but that is expected no matter where you end up working and isn't just specific to this fi...
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Derivatives/Structured Products Modeling - For Learning/InterviewingTargeting this for those on a derivatives or structured products desk (any product, any style).. I'm reading through textbooks and learning programming on my own and have made thus far made a simple MBS and an Auto ABS model (Basic monte carlo, prepayment models). I'd like to practice creating a po...
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Help picking a deskHi all - I am going to be joining SunTrust in their FICC S&T group (https://www.suntrustrh.com/corporate-banking/financial-risk-management). They call it Financial Risk Management, which is basically hedging solutions in rates, commodities, or currencies for corporates. When looking at groups (eit...
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State of Credit markets now and in the future?Not a credit trader, but trying to better understand career prospects in this area and what it holds in the future. 1) My understanding is that single name CDS is only pretty much active for financials and some sovereigns. What about credit index/credit options? How liquid are they now? 2) In a ri...
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Nomura Holdings - Interview - Sales and TradingWhy S&T over IB? Do you really want to be joining a dying industry? First, I refuted why S&T is not a dying industry and how even with algos/electronic trading, certain products will be hard to touch given the complexity of the OTC bond market. And that humans will always need to monitor algos and ...
UBS AG - Review - SalesEquities remains a core strength of UBS' investment bank and thus is treated relatively well (vs. FICC & CCS).. Continued headcount reduction is a morale killer, especially for younger employees just getting into the middle of their career. ...
Morgan Stanley - Review - RiskGood people all sound the bank. Everyone always very helpful. Lots of Access during internship/ training. . Lots of work, long hours. Need to enjoy the job. Very focused on the job e perience limit the exit ops. ...
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start date???Does anyone know when they will let us know about our start date at Deutsche Bank, capital markets internship in NYC?...
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Euro the buyers trying to induce a reversal**EURUSD: buyers trying to induce a reversal** When the cross pair reversed upwards, buyers hit a new session high. The rally failed to continue, however, as global stock markets came under pressure once again. Consequently, there was renewed demand for the safe haven assets: Swiss franc, yen, and g...
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Goldman Sachs - Review - FICC - Fixed Income Currency and CommoditiesIt's fine. Easy work Signing bonus; smart people. Good stability nice health insurance. Low stress. Old tech stack. Slang. Limited upward mobility. Traders run the show and role can feel like a cost center rather than pnl production...
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Citi Drug Testincoming S&T SA @ Citi...anyone know when drug tests happen / how long they give you? signed offer back in January still havent heard...
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Electronic Trading Desks Anybody have any insight on electronic trading desks? How does it it compare to other equity desks? ...
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Ultimate Labs CBD Oil plan that works which **Ultimate Labs CBD Oil** plan that works which would assist you get thinner unexpectedly and effects. With such a selection of crummy ingesting methodologies obtainable it is anything but tough to get diverted and confounded by using the...
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"Tell me everything you know about the NASDAQ" Hey guys, Today my friend that is not studying Finance asked me this. I really didn't know how to approach it. How would you answer this question to someone who has no knowledge of the stock market; beyond simply stating that it is an ***exchange to buy and sell stocks online?***...
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Akuna Capital LLC - Interview - Prop TradingI applied for the Akuna Trader Internship, but a recruiter emailed me regarding the junior trader position because I graduated and am not qualified for a internship role. The process is very smooth, first round 7mins mental math and 15 mins sequence questions. Mental Math questions are double digit...
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Fitting CurveIs it important as a trader to understand the fitting of the yield curve and actually learn how to construct it? The splines, parametric models and etc?...
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Front Office Quants (strats, AES, MSET)Front office quants(strats) are becoming more popular and less akward than the traditional foreign PhD guys without a life. But what are the different groups called and a small description of their tasks? I have only met personally the GS Strats group but know of the following: * Goldman Sachs - St...
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Breaking in Debt Sales at BBHello everyone, I will be starting to work at a BB at the Institutional Debt Sales team as an intern in near future. I would like to know if there is any tip, do's and don'ts, warnings, information, stories. Anything on the sight matters! Thanks...
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AMA: Former BB Rates Trader - Now a prop traderI've enjoyed this forum, and i see lots of people without a clue asking questions about trading, so i thought i'd do an AMA... My path was non-standard, but i've seen others with a similar path to my own. My Path --> Non-Target state school --> Job in BB IT (programming) --> BB Rates Trading Desk ...
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Front Desk Quant in BAML vs Quant Strategy Trader in KnightFor Knight it is the electronic trading team, I will do HFT stuff there. For Merrill Lynch it is the FX trading desk. It is a front desk quant role. In terms of the base salary and sign on bonus, Knight is 30 % higher than ML. Anyone know the typical bonus for the two roles? Which one will you choos...
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Do traders really make more money than desk quants?Just wondering if total comp between quants and traders at tier 1 IBs are much different at relatively junior levels, say 3-5 years experience. Been offered a trading position (currently quant), and trying to decide whether to bite... Note that I'm talking about a traditional trading role at an inve...
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TransMarket Group - Interview - N/AThis company (unlike most I interview with) actually asked behavioral/fit questions, went through my resume, asked about the math classes I've taken and (because I took lin alg) asked me Linear Algebra questions. Afterwards, we did the more usual probability/game questions. One I remember is: The i...
TD Securities - Review - EquitiesAbove average happiness at this role. The team was great and a lot of fun to work with. Also a lot of space to learn, with a lot of the guys on the team being pretty large titans in the S&T industry.. Like any other Sales and Trading internship, there was a lot of coffee and lunch runs that went a l...

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