Trending Content (see all)Replies
+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)

51
+17
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...

85
+10
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...

9
All Pods
All Events
Recently Active Topics
Replies
+1
Trading jobs in EU ?

GP772

Hi! I just got recently axed from one of the biggest commodity trading houses in Europe - after 4,5 months - because 2 of the senior traders didn't like me being too outspoken and having "challenging questions". My question is if you could recommend me any good companies to apply to as a trader. ...

1
0
Securities internship Goldman Sachs preparation and tips

internGSlocation

Hi all, I will be interning this summer at GS in their securities division in London. The program is set up with 2 weeks of training and then rotations based on where you can get them. I am curious to hear about experiences or advice by anyone reading this. How can I make the most out of this exp...

3
-
-
+1
FX live alerts by % change

konstantinovs

Hi, I'm looking to track a few different currency pairs and I'd like to receive live alerts every time the spot price strays x% from previous day's close. Does anyone know of a market data system that could do that, apart from Bloomberg? All the ones I've seen online provide alerts if spot goes bel...

1
+3
Mid Swap Curve: What does swap rate mean on the curve?

Delilah12

I am trying to understand what a swap rate means on the curve. Example a bond of 7 years says 7 percent interest, does this mean the cost of swapping a floating rate to a fixed rate is 7 percent? What is that 7 percent implying? And why are bonds priced as MS+xbps? I don't understand the logic of ...

4
+1
Coding Bootcamp after Undergrad?

Dirtybubble

I'm about to graduate with a degree in math from a low target/semitarget and don't have any finance experience. I am interested in trading as a career path and was wondering if it would be worthwhile to enroll in a coding bootcamp after I graduate (as well as any other roles for which this might be...

2
-
-
+1
Please explain how a bond auction works?

rynofrowan

hey dudes i know it seems basic but i'm struggling to find the mechanics of a bond auction on google. my best guess is: - gov't sets yield at which it will auction - ppl bid for qty based on that yield is the auction process the same for the fed as it is in say spain? so in tuesday's spanish bil...

12
-
-
-
+1
General S&T Internship Preparation

plebTrader

Hi all, Have a few questions about my upcoming S&T internship this summer at a BB. About me: Coming from Ross, double majoring in Finance and Philosophy, and a minor in math. Have had about a year and a half's worth of experience developing a macro trading strategy on FX, Equities, and Commodities...

2
+1
Garden Leave/Notice for Going Back to School

ndchica11

I am currently an associate (~2 years at my job, interned at the firm and went there right after graduation), and am about to give my notice that I am leaving to go back to school. Is anyone able to advise on if that will impact/entitle me to garden leave? I am supposed to give a 30 days notice, a...

1
-
-
-
+1
Credit Risk -> Credit Trading

WelshCorgi

Hi guys, I will be working for credit risk at BB as a fixed-term. My ultimate goal is to enter into credit trading. Would my experience in credit risk be helpful? (When I search for credit risk divisions, I am not getting much positive comments)...

1
-
-
+1
Is USD exposure for a Chinese party amidst US/China trade war considered a hedge?

Iceshift

Is USD exposure for a Chinese party amidst US/China trade war considered a hedge? What about for a European domiciled party? ...

1
-
-
-
-
-
+2
Salary Expectations For Prop Trading Firms

Pokerguy177

I'm wondering what prop traders actually make at tier 1 firms (Optiver, Jump, JSC, Citadel, etc) vs at tier 2 firms (Akuna, CTC, Belvedere, Consolidated, etc). It is extremely difficult to find good numbers online as glassdoor does a great job of underestimating the salaries. If you're an average tr...

16
+3
Physical Trading and Hedging Question

HotDuck

Hello physical traders, I have a couple questions regarding hedging: 1) Are all cash moves hedged immediately? I would assume it would be different depending on the size of the merchant firm, but in general, do physical traders immediately hedge price risk, or is there an element of speculation b...

11
+4
The Coding Trader

Moosteon

Hey all- I am in the midst of making a very difficult decision: do I accept an early S&T offer at a top-tier bank, or go back into the jungle and hash it out this summer to possibly get something in IB. Through my own personal interests, I have begun leaning towards trading, but am a bit concerned ...

12
-
-
-
+1
Nomura S&T vs. Point72 Academy Program

Toyoda

Hi all, I have to make a decision between two Summer 2020 interviewing opportunities by tomorrow evening. A little background first: Year: Sophomore Majors: Economics, Computer Science Semi/non-target Prior S&T internship at tier 3 bank, will be returning for summer 2019 I have been invited to...

4
-
-
+1
FT or SA and delaying

thecomedyoferrors

Fast Facts Goal: FT in London Status: master student graduating in 2020 Background: non-EU citizen, top grade at a continental target(but non-target in London), internship at AM/BB Question: SA 2020 or Graduate Program 2020 I'm a 1st-year Master student in continental Europe. Since I'm a non-EU cit...

1
+1
Where is this industry going? (Proprietary Trading)

bobcooler

What will the proprietary trading firms of today (Optiver, IMC, Akuna, etc.) look like 15-20 years from now? Will we all still be employed? How will the work we do transform?...

1
+1
Algotrading - Thoughts?

buysidebandit

Does anyone here have experience algotrading (babysitting market making and developing alpha strategies)? This is on FICC sell-side. What do you think about these types of gigs? ...

1
+1
Series 3 - Commodity Futures Exam

Chasxy

Hi, Can anyone here please provide me with any feedback on the Series 3 exam? How does it stack up to the other FINRA exams? I have taken and passed on the first try the 7, 63, 57, and 4. Should I have a problem with the 3 if I passed the ones above? I never want to take these things for grant...

5
-
-
-
-
+1
Zetamac for prop trading

no u

On prop trading tests, people recommend using Zetamac as training for prop trading interviews. What is a good Zetamac score for prop trading firms? (I got 62 on my first try with default settings)...

3
+2
Thoughts on these jobs

Sangisinacoma

I recently received an offer at two firms. One is a physical commodity trader of lumber (no futures or series certifications they are market makers of physical lumber. Their clients physically take possession of the timber) and the other is a Middle office role at Fidelity (I know I'm not supposed t...

4
-
+16
Traders lose money

investro

Hello! I hear that many/most traders lose money. To what extend is this true? I mean like 70% of traders lose money and they end up with their basic salary and no bonus? Or 0.01% ? Any insight? thanks! ...

51
+2
The problem with binary options trading!

Marker

A fair bit of spotlight/scrutiny has been placed on binary options in the past years, with warnings issued from central banks such as the MAS (MAS-Cautions-Investors-on-Risks-in-Trading-Binary-Options-with-Unregulated-Platforms, SEC warns against Binary Options and scams such as the-wolves-of-tel-a...

47
+1
DID YOU GET SCAMMED BY ANY BINARY OPTIONS AND FAKE HACKERS?

Farell-Richards

Most people have lost their hard earned money through this BINARY OPTIONS TRADINGS, yet they would go to meet FAKE HACKERS who are also scammers unknowingly to help them recover their money and they would end up losing more money in the process. Hack Ethics is a Trusted certified Ethical Recovery E...

1
-
-
-
-
-
-
-
-
0
My mental arithmetic sucks!

Daui

Despite loving maths my mental arithmetic is appalling considering I'm hoping for an eventual career in trading (my flatmate who actually who graduated with a first in Maths also has this same problem but it doesn't really bother him since he wants to be an accountant anyway). I was reading a few S...

17
+6
Optiver Trading Numerical Test

hihihohohaha2

Hello, I applied for this position and got invited to take the numerical test. It is said to have 80 questions. Has anyone ever taken this one? What kinda questions should I expect and how can i prepare for this? Thz a lot! Optiver Trading Math test Optiver is another firm that has become inf...

85
-
+1
TRUE OR FALSE

a5hleybmw

To get a shot at entry/ junior position in bank/ hedge fund you need a solid Quantitative/ Maths background eg Masters or CFA. Or at least proof of advanced level Mathametics True or False?...

1
+3
Louis dreyfus graduate trainee

Redtulip96

How difficult is it to move to other commodities from agri,is it a good time to enter agri market now and how does LDC fare amongst the ABCDs in terms of salary,bonus etc. Thank you in advance!!...

7
-
-
-
-
+1
Stop-losses orders advice

Andrei617

Could you recommend a good book / research article on philosophy and practices of setting stop-losses orders in different market conditions? Thanks....

1
+3
Will a Summer Analyst position for S&T at a BB in NYC help me get recruited for S&T at a BB in London

gonline47

I've secured an S&T role at a BB in NYC, but when I was applying last year, I was flirting with the prospect of living in London - I grew up there and it's my favorite city in the world. I was able to get this position in NYC by heavily using my alumni network (The University of Chicago), and ended ...

6
-
-
+1
Risk - Reward of Accepting Early

Moosteon

Hi All, I just received an offer for an S&T summer analyst position for 2020. I am definitely interested in the markets, but this offer comes way before most other firms that I am looking at have begun their processes. I know that I am interested in restructuring and would want to recruit that if g...

3
+1
Commodity Trading Interview (Gas - Power)

Chrisbougias

Hello guys! I am a Maths student (master's) having an interview with a commodity trading firm (Freepoint Commodities) for an intern position on Gas and Power. I have no relevant experience and know little about commodity trading in general. - Do you know anything about their hiring process (any ...

2
-
+3
Got own book. Here's my plan.

Nijikon

Hi WallStreetOasis, Trader at IB. I'm about to be given my own prop book. Small risk limits (US$10mio) to start. But my name attached to the PnL. Quite excited. Two quick questions: 1. If I made X in PnL, what % of X can I expect to take home. 2. Broader question. I like it here and I hope to SLOW...

11
+2
Which Prop Trading Firms Have the Highest Salaries?

YellowApe

I'm wondering which prop trading firms pay the best salaries for traders. I want to go into prop trading after college, and I want to decide which firms to focus on in my recruiting. I understand that the more reputable prop firms pay a base salary along with a percentage of PnL. Which firms give t...

22
-
+5
BB Emerging Markets Trading

CerebralCapital

Hi All, Hoping I can get some insight on EM Trading desks at BBs. In particular: - What is the skill set necessary for such a position (i.e. quant-y)? - What is the skill set that you will develop after spending time/ starting a career on the desk? - Are desks multi-product and then separated by r...

10
-
+2
Don't want to be a stupid intern

BLTH

I'm interning for a pretty big firm in s&t this summer. I don't turn 21 until later in the summer, and if the team asks me to grab drinks I wouldn't want to do anything which could hurt my chances of a ft offer. Any advice on what I should do if this happens would be huge...

10
+2
Didn't receive return offer and feedback wasn't clear

Fingirl5

I interned over summer in a top tier BB in S&T sales. I honestly thought I was doing well and was enjoying it. They had quite a few interns as well. I always made sure I was asking for feedback and never had anything negative, so naturally expected a return offer. At the end, they only took 25% of...

6

Pages