CITI S&T sell day
I am going to work as a full time in Citi S&T in the coming summer. I think we will have sth like a sell-day after the first few weeks' training. Say if I want to land a specific trading desk ( like equity derivatives) What are the important things that I can do between now and the starting date?
Options I can think of would be:
Reach out to alumni or the people who interviewed me to show interests to specific desk?
Learn more by reading about that specific desk?
Trade by myself the typical products of that desk?
Get to meet the people working at that desk through connection?
Really appreciate comments!
i would recommend that you do all of the above excluding #3 for obvious reasons. I think it would be a good idea to somehow get in touch with some guys on that desk beforehand, this way they are expecting you and you can establish yourself before your peers. Also, if you are interested in eq derivs I suggest reading Natenberg's book. This is the bible of options at most shops.
Thanks I have ordered that bood. Also, what are the relatively strong desks in Citi?
Option Volatility Trading Strategies?
I would probably say equity and equity derivatives, but they are known for FX as well
What is Citi's position on the street for equity derivatives and FX? And is there any specific choice among the desks within equity derivatives and FX?
They have a big equity derivs desk. But honestly, even if they were the "worst" on the street, it wouldnt matter. You should be worried about getting a spot on the desk and learning how to make money. And yes, Option Volatility & Pricing: Advanced Trading Strategies and Techniques is the book. read it all and dont be intimidated if you don't comprehend some of the more advanced spreads and strategies...you will once you get in there..good luck
But honestly, even if they were the "worst" on the street, it wouldnt matter. What do you mean here?
this is a great book indeed. natenberg's one! im also in vol trading, very helpful
Citi group selection process (Originally Posted: 04/03/2007)
I will be starting this summer as an FT analyst at Citi - can anyone tell me specifics as to how the group selection process works?
depends on your test scores during training among other things
How much do your scores matter, compared to other things?
For highly soughtafter groups like M&A, scores are very important. Other than that, I would say networking and having good rapport with a group is also important.
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