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April 30, 2024
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sorry but can someone explain what prop means
is using the firms own capital and making invesments, not market making like most s&T tests
Do most banks have global macro?
global macro = trading in currency, rates, commodities.
most flow desks have amandate to take a prop position when timing is right (to them).
what does it take to get a job in global macro trading? Are groups selected the same as ibanks (ie preferenced based) or is it differenent?
I didnt realize i wanted to do trading.. i already signed an internship with a bank for the summer. If anyone can provide me with any advice, it would be greatly appreciated. I go to a public target, and it seems as if sales and trading positions arent advertised at all here. They never have any info sessions for S&T, only for banking. It might be the fact that we are located on the west, and according to my friend most S&T jobs are in NY.
there are global macro HF's (Bridgewater, tudor, are probly the major example). i think these funds primarily recruit out of ivy schools, though i could be mistaken. barring you work at a smaller fund, the best bet is to get into rates or FX trading in s/t at a bank. those are popular desks within a bank, and placement often is related to having a good rapport w/ the desk during your training rotation and having good test scores from the training program, etc. this is tough tho w/o a summer internship in the field...your best bet is just to network aggressively and be as persistent as possible.
What sort of strategies do rates prop guys use? Is it mostly complex statistical arbitrage sort of things or more macro economic view related?
Everything you can imagine, people somewhere are using.
bubba, no one is going to put p&l on any public forum.
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