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
AI disruption of physical commodity house

Sangisinacoma

Can Computer Algorithms and AI disrupt the Physical Commodity trading Industry? Recently accepted an offer at a firm where the average tenure is 17 years in the same position doing the same thing (getting paid well as you build your book) and I am worried I will get midway through my career with no ...

4
+2
Offer vs. Offer

anonadyl

Closed thread thank you...

4
-
-
-
+1
Networking and Tips

rajrai

Hi guys, I am recent undergraduate (Non-Target) and am looking to break into S&T at a BB bank. I have worked at an Investment boutique as a Sales and Trading analyst for 2 years, being a full-time student and a full-time employee. Looking for someone advice on networking, interview tips and anythin...

1
+3
My Experience at Trillium Trading - 1st Year NYC

BlodgettNotto5

In an effort to describe my experience working at Trillium Trading - 1 year in -- I hope to explain starting out, the first few months, and how everything has progressed to date. I truly believe working at Trillium provides a very unique experience. After a short 1-week training course to learn ou...

15
+1
Entry Level Job Advice - commodity execution trader

NumberBoi

I graduated a semester early from one of the main colleges in Chicago. I held a good amount of internships from Buiness valuation, PWM, and Risk management. I relied heavily on my network to get a job since I was graduating early. A friend of mine said that he knew a small commodity broker that need...

1
+2
Market Making Question

thekeeblerelf

Hi all, I recently had an interview where I had to make a market on the number of computers on the trading floor. After offering my initial bid and ask, the interviewer either bought or sold and asked me to adjust my market. I want to know, is there any more I should be doing other than adjusting...

32
+1
Merchant Firms and Overall Goals for Them

HotDuck

Hello, Is the goal for a small or medium merchant firm to go upstream? If so, why don't all small to medium firms have upstream assets? I understand the hurdle for energies and metals might be capital and regulations, but what about ag? I am not sure how easy it is to acquire farmland, but it ...

1
+4
How much Numeric Ability do you need to get a job in Trading and be successful in the job?

whatsapitchbook

Hello, I'm interested in pursuing a career in trading. My research (M&I,Job Descriptions) has shown me that one of the most important pre-requisites to a career in trading securities is strong numerical skills (I'm not talking about analytical capabilities). I didn't do so great in Calculus in m...

6
+3
offer compare: Nomura S&T option desk VS blackrock PAG, active investment analytics (NY)

lynnxxxx

Greatly appreciate your opinion. Little bit about me, non-target school with 1.25 yr working experience at a BB in quantitative analytics role. BR pay slightly less than NM. But its not a concern for me. I like both opportunities and I know they drive me towards completely different directions. The...

22
+1
TOP 5 Arch Administration in Old School RuneScape

nba18mt

The added you like the bold the added time you absorb amphitheatre it. This can be a fun, adequate experience, but sometimes even the a lot of acclimatized gaming veterans get apathetic of the amateur they like so much. If this happens you adeptness ambition to attending for some beginning and added...

1
+2
Prop shop trading vs. hedge fund trading

prospectfulgordongekko

I have read on multiple forums on this site that good prop shop traders can rake in large bonuses upwards of 500k after only a few years. Is this actually true? I haven't heard the same about hedge fund traders but I've always been believed them to make the most. What are major differences betw...

9
-
+1
Turning a Back Office Internship into a FO offer

amonkeyl

Hey guys, This summer I am interning in back office finance at an Investment Bank and I want to know how to leverage this into a S&t internship for next summer at the shop. I want to network with as many traders as possible, but I don't want to offend my managers by making it look like I am just u...

2
-
-
+2
AMA Request: Equity Strategist

Kassad

Dropping this here. Would be great to hear from a bulge bracket trading strategist, any desk. Day in the life, backgrounds currently in demand, what's changing, best skills to have, etc. Someone in a similar role should feel free to opine as well....

2
-
-
-
-
-
-
-
-
-
+2
Why are you guys still interested in markets?

Disjoint

I don't really go on campuses anymore representing my banks at banking fairs, so for the last 2 years I have had little contact with undergrads etc... I interviewed about 4 potential juniors recently, then decided against hiring someone without a client base. The only thing I really saw was that th...

52
+9
Front Office Market Risk

The Original Mark Hannah

Lads, I’m constantly seeing people on LinkedIn, and on job offers that say “Market Risk Front Office position” etc. I also have a friend that just put on his LinkedIn header “Market Risk front office at Bank X (BB)” I tried to ask and he says that is because they meet clients too and s...

20
-
-
-
+1
Appropriate Risk-Free Rate in Backtesting

Alex DeLarge

I am backtesting a number of investment strategies over the past 20y. Would the average yield on the 10y US Treasury over the investment period be an appropriate rf rate? Thanks!!...

2
+1
CompTIA FC0-U61 VCE Test

Bella-Jullia

Do you want to succeed in FC0-U61 exam at first attempt? Then you must seek help from VceTests and get the best exam dumps for your CompTIA FC0-U61 exam. We possess excellent exam stuff with questions answers in PDF files and Exam engine layouts. We are confident about the accuracy and validity of o...

1
+2
Asking For Time off From Prop Trading Firm So I Can Go to Flow Traders Summer Business Course

ajon2597

Would it be unreasonable to ask for time off in the 2nd week (Thursday and Friday) so that I can go to the Flow Traders Summer Business Course. I would really want to work at Flow Traders full-time, but given I would be currently interning at a prop firm, would it be fine to ask for 2 days off early...

14
+1
Why Do Prop Firms/FINRA Care If I Have Consumer Debt And My Account Is In Collections?

FinGiant

Hi all, After submitting paperwork to the prop firm they asked me if I can dramatically reduce my debt to proceed with them. My account is currently in collections. Currently, I am not in a position to pay off even a portion of the debt because I need the capital to trade at the firm. What should I ...

1
+3
Why do banks stop S&T employees from investing their own money?

sultanoflondon

Hi all, I've heard that investment banks make it difficult / ban their S&T employees from investing their own savings in stocks. To what extent is this true & how difficult is it? For example, is it possible to have a job in structured solutions & invest in growth stocks with a 5 year time horizon...

18
+3
Poly Sci Degree to Finance?

Minny97

I'm currently active duty in the USMC, part-time student with a pretty good shot of getting into a target school in NY. The thing is, I haven't taken math since high school. I have a good GPA but I'm afraid if I try to take the high level math classes (Calc 1-3) without being caught up in math again...

6
0
BB derivatives trading analyst - buyside opps?

wastersky

Hi all, I recently accepted an offer as an incoming analyst at a BB for equity derivatives trading. What is the outlook for buyside recruiting down the road in this role? Should I vie for the more structured/quanty side (exotics, var/vol swaps)? Should I get into more macro products (index) or micr...

9
+1
Intern Tasks/Projects

Dollar Bill

What are some of the usual tasks assigned to summer interns on the various desks in sales and trading? Please start by labeling the desk/product. Thank you...

3
+1
RBC GELP phone interview experience

IBD Chimp

Hi, can anyone share their experience of RBC GELP interviews? Especially phone interviews ? Is it mostly fit or technical? Thanks ...

1
-
-
+1
UX Data Analytics Intern vs. Boring Custody (back office role)

ironical

I don't know what offer is best: I got an offer to join the Digital Team for UX and Data Analytics. Yes, definitely not the precursor to the banking industry. But UX/Data is something I would love to do as a passion but can I make a career out of it? I have pressure from my parents as a first-gen l...

1
+2
Question about Background Check

JamesPaul98

Hi WSO, I have been asked to submit a background check for my summer internship, and I have a question about it. I was interning last semester and on my resume I had written october to present for how long I worked, since I was working and actively recruiting at other places. I stopped working ...

9
+3
Derivatives/Structured Products Modeling - For Learning/Interviewing

eoinmeany

Targeting 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...

8
+1
New SIE and Series 57 exams

FinGiant

What is the least expensive way to prepare and pass SIE and Series 57 exams? Where to buy the study materials?...

4
+5
How do you come up with trading ideas for FICC more specifically for corporate debt or rates? Explain like I'm 5 please

BOBBERT

I have never come up with any trade ideas outside of equities, so I don't actually understand how it works really. I know what FI products are and the basics of FI but what does a FI trading idea entail within the realm of S&T? If someone could help me on this seemingly dumb question I would really ...

11
-
-
+1
Stock Insurance

serenepumpkin

Can anyone tell me why or why not insurance on stocks (which currently does not exist) would work? I was thinking something like an investor will pay a a semi-annual, quarterly, or monthly premium to insure their stock investment completely (i.e. ONLY if they lost money they could cash in and get it...

2
+1
How would you trade if you are required to have skin in the game at all time?

ConservativelyLeveredCat

I wonder if traders would take the same strategy if they are required to have a certain amount of money of their own in every trade they execute. How much risk would the trader take if his money is on the line?...

1
+1
Forex Demo Contests 2019

thinkpad954

G44FX’s best Forex Demo Contest 2019, gives an excellent opportunity for new and existing clients to trade risk-free and win real cash Prizes. ...

1
+2
Prop firms in London

a5hleybmw

Does such a thing even exist or am I ten years late to the party? Any 'prop' firms I seem to come across are Trading schools in disguise ie you pay an extortionate fees for 6- 9 weeks training and then if you are profitable you can stay on .... um yah, never going to happen! Seriously tho, are th...

1
+1
How Can I Be Hired By Prop Firm With $40,000 In Consumer Debt?

FinGiant

Hi all, After submitting paperwork to the prop firm they asked me if I can dramatically reduce my debt to proceed with them. My account is currently in collections too. Currently, I am not in a position to pay off even a portion of the debt because I need the capital to trade at the firm. What shoul...

1
0
Sell GS Thesis

monkeytomd

Hello everyone, I'm not sure if this has been done before, but I have a sell thesis on goldman that I made in my student investment fund. I'm a sophomore at a non target majoring in CS and Econ so don't rip this a part. The reason I'm doing this is because I recently had a superday and was grilled ...

1
-
-
+1
Quant options for those not into programming?

siddharthpal

Currently a freshman at UC Berkeley. Growing up, I would trade on virtual accounts (used Robinhood later on in hsl) and really loved math as well. I completed my first semester here taking Data 8 (Intro to Python) and Math 53 (Multivariable calc). This semester I took Math 54 (Linear Algebra and D...

3
+2
Best Desks at RBC

Victoire48

Hey Guys, I just wanted to ask you guys what are RBC's strong suits in S&T (desk wise). I hear their derivatives group is really strong...

5
+1
Jane Street SEE

gw2022

Hi all, I am curious as to whether anyone has heard from the Jane Street SEE program. It is an insight program in late May, and they should be releasing their decisions about who they are inviting rather soon. Thanks. ...

1
+2
Requirements to pursue an Institutional Equity sales career

learnnhmisdu0786

Hi, I am a Risk Management Middle office analyst in a leading Investment Bank for 2 years. I have finished my MS in Finance with CGPA 3.8. I have intermediary level skills in VBA, SQL and Excel. I believe I am good at presenting ideas and in negotiation. However, I am not good at math, stat, advanc...

7
-
-
+4
Are desk strats well paid?

gxxxxasf

I will be going for an intern at a BB as a desk strat. I am wondering how well paid are entry level desk strats at a BB? (I am a STEM major, undergrad) Also, is it hard for a desk strat to move up to the management level?...

24
-
-
+2
DB - Deutsche Bank - Would you join one of their trading desks now?

nori90

Hello, Would you join DB right now if you were given an offer on one of their trading desks? With everything that is happening, it is hard to know where the company is heading. Too risky?...

3
+21
Losing Money on a Trade - Seeking Advice

mswoonc

Well to start off, this is embarrassing. So a senior trader and I (Junior Trader) manage a joint book and we currently have illiquid spread positions on back of the curve for a deferred year. We got these positions from market making, well he did... over the counter and on the screen it trades in on...

52
-
+19
Physical Commodity Trading

vanquan

Hi, Can someone explain how exactly a physical commodity trading house makes money and why there is a need for independent comodty houses, whats there right to exist? What are the risk when trading commodities physical and how can they be hedged, are there specific hedging strategies that are appl...

210
+1
Operational Internal Audit - Energy/Commodities Trading - VP Level - NYC

edmcnally212

Top bank seeks a senior leader on their internal audit team, focused mainly on energy and commodities capital markets, but also equities, currencies and across other trading platforms as required. The selected candidate will spend approximately 20% of their time traveling across the US and Canada, a...

1
+1
Baruch vs. UConn

shortthetvix

Currently, I'm a freshman at UConn, and am considering transferring to Baruch. At UConn, if you want to do accounting or finance in Hartford then there's a direct pipeline, but I'm looking to do S&T or IB in NY. Would Baruch be more beneficial for me? I'm hoping to transfer for Fall 2019....

2
+1
Non Target School S&T Internship

larzgp

I am currently an undergrad student at a non-target school looking for some advice on how to land internships in S&T/PE/HF/IB. I am currently a freshman with a 3.8 GPA, taking an online 'Invest Like the Street' course, running my own investment blog, and looking for local wealth management internshi...

3
+1
Lateral from S&T

squids

I am starting my FT S&T analyst career at RJ shortly after graduation in the coming months. I accepted the offer after completing an internship even though it was not a sales and trading based internship. I like the company culture as a whole but do not know much about the S&T culture within RJ. If...

1
-
-
-
-
+3
Physical Trading, No futures, and no series exams

Sangisinacoma

So I attended a non-target school and recently received an offer as a commodity trader on the lumber desk at a firm called Seaboard International Forest Products. The company is a subsidiary of the Forest City Trading Group and is located in New Hampshire. I traditionally envisioned myself working ...

2
+1
My background fit?

kylefritz23

- Wealth management investment analyst at Northwestern Mutual - Series 7,65,63,6 - Got accepted into Notre Dame MSF program in may 2020 Does this fit to directly go into sale and trading?...

1
-
+1
Understanding Option Quotes

cpeusteuche

Hi! I have a very basic option question. When a broker quotes some options, it has the following format: May 65/70 C/s, 1.3 offer bsxx 62.75 So I have the first bit, (may call spread 65 vs 70 strike, offer is at 1.3 - but I don't get the last bit (bsxx 62.75). I guess bsxx stands for basis cross bu...

3
+1
Oracle 1Z0-1002 Test Questions

Bella-Jullia

Would you like to prevail in 1Z0-1002 test at first endeavor? At that point, you should look for assistance from VceTests and get the best test dumps for your Oracle 1Z0-1002 test. We have great test stuff with inquiries answers in PDF documents and Exam motor formats. We are sure about the precisio...

1
+1
Cargo - Tracking Intelligence Company (Commodities) Market Analyst Career Development

zdvg123

Hi Al, I've recently been offered a analyst role with a cargo-tracking (commodities) intelligence firm (eg: Genscape, Vortexa). My role involves managing huge datasets, market analysis and sales support. What do you think of career development opportunities in this role in general? Thanks!...

1
-
+3
Optiver Graduate Trader (Sydney)

novacaine19

Hello everybody, I was recently offered a graduate trading role at Optiver's Sydney office. However, I am not entirely sure if I should be accepting, as I have read that the average employment rate is quiet short,. Furthermore, the contract states a one-week notice on termination, which is not ideal...

2
+1
Trading App with High Leverage on Stocks

dan99.alighieri

Does anyone know a trading website or a trading app that provides high leverage on stocks, for example, 1:30?...

1
-

Pages