Electronic Trading desk divisions: Sales (you sell your banks electronic capabilities (algos, darkpools) to clients), Electronic Sales Traders/Coverage (you monitor day to day algo performance, lots of Transaction cost analysis on this desk, not really a great desk imo), Product Management (become an expert in a product (ie SOR/exchange)), algo devs/quant (pretty self explanatory, require MS or Phd or some sort of CS background, most S&T interns don't get placed in this group if they go to Electronic Trading), Execution Consulting (analyze clients trading data, work with sales traders to improve execution quality)
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Electronic Trading desk divisions: Sales (you sell your banks electronic capabilities (algos, darkpools) to clients), Electronic Sales Traders/Coverage (you monitor day to day algo performance, lots of Transaction cost analysis on this desk, not really a great desk imo), Product Management (become an expert in a product (ie SOR/exchange)), algo devs/quant (pretty self explanatory, require MS or Phd or some sort of CS background, most S&T interns don't get placed in this group if they go to Electronic Trading), Execution Consulting (analyze clients trading data, work with sales traders to improve execution quality)
Seems like you are going to BAML, pm me if you have other questions, I did a summer internship on BAML Electronic Trading.
@ipandabear1" I was wondering why you think sales traders/coverage is not a great desk to get into?
Their job seems to be a routine without the excitement of the market like cash sales traders. Also they spend a lot of time doing algo monitoring.
@ipandabear1" What do you think of Execution Consulting? Is that a solid desk/group to start into?
I really enjoyed working on this desk. A good blend of math/coding and client interaction if you full time there.
a friend of mine does algo sales for an equities electronic trading desk (all the top 10 BB banks have these)....its a good job
Is electronic trading the same as automated market making?
Is electronic trading the same as HFT or is HFT just a part of it?
How much of this is taking over from human market making?
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