It really depends on the product/desk, but overall CIBC is better than Scotia. CIBC is actually probably the strongest on the street right now, and they're expanding rapidly (they're opening a second trading floor in brookfield place)
As for your league tables question, one way to measure is through volume/value/market share of trades on the TSX. For OTC products, obviously it's a little bit harder to gauge.
It really depends on the product/desk, but overall CIBC is better than Scotia. CIBC is actually probably the strongest on the street right now, and they're expanding rapidly (they're opening a second trading floor in brookfield place)
As for your league tables question, one way to measure is through volume/value/market share of trades on the TSX. For OTC products, obviously it's a little bit harder to gauge.
I agree with everything you said.
And yes, it really depends on the product. The only area that I can confidently say Scotia Capital excels in (compared to the other Big 5) is corporate bond trading. This is from speaking with friends who work in that asset class/space.
To the OP: Let us know the product you're interested in / interviewing with, and hopefully we can expand on some stuff.
Exercitationem et facilis quia temporibus ea. Eos eius aut et magnam aspernatur optio tenetur. Pariatur odit qui aut tempore sit.
Vel iste at porro sit numquam aspernatur quae. Ut quisquam est quis omnis. Sit quis aut fuga et.
Est doloribus molestias qui quo et nisi. Ab tempore impedit maiores eos.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
RBC s tops.
I think CIBC fairs better than Scotia.
^This guy doesn't know what he's talking about.
It really depends on the product/desk, but overall CIBC is better than Scotia. CIBC is actually probably the strongest on the street right now, and they're expanding rapidly (they're opening a second trading floor in brookfield place)
As for your league tables question, one way to measure is through volume/value/market share of trades on the TSX. For OTC products, obviously it's a little bit harder to gauge.
I agree with everything you said.
And yes, it really depends on the product. The only area that I can confidently say Scotia Capital excels in (compared to the other Big 5) is corporate bond trading. This is from speaking with friends who work in that asset class/space.
To the OP: Let us know the product you're interested in / interviewing with, and hopefully we can expand on some stuff.
I have worked with all of the Big 5, and for S&T, I would say:
RBC>TD>>>>Scotia>CIBC = BMO.
Worked with 4 of the 5. People tend to look down on cibc. I think the general perception is this:
scotia tops in corp bonds, td tops in govt bonds and equity options, bmo strong in fx
cibc strong in algo's/equities
rbc is strong across the board...
its totally product dependant
Sorry to bring up an old thread but would you say the above arguments are still relevant . . .
Exercitationem et facilis quia temporibus ea. Eos eius aut et magnam aspernatur optio tenetur. Pariatur odit qui aut tempore sit.
Vel iste at porro sit numquam aspernatur quae. Ut quisquam est quis omnis. Sit quis aut fuga et.
Est doloribus molestias qui quo et nisi. Ab tempore impedit maiores eos.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...