Fidelity Capital Markets Interview
Hello,
Does any have any experience with interviews for Fidelity Capital Markets? Have a first round coming up this week, and not really sure what to expect for buyside trading interviews. Also, not really sure what the role entails. Do I just sit there putting orders from a PM into algos all day? Kinda unclear how buyside trading works to me.
If anyone has any advice on how to prepare for this, that would be much appreciated.
Thanks
Buyside trading is wrong. Fidelity CM is sellside.
From their site:
"Fidelity Capital Markets (FCM) is the institutional trading arm of Fidelity Investments providing trading, products and services to a wide array of clients and Fidelity businesses. FCM executes domestic and international equity securities including block and portfolio trading, listed options and foreign exchange. It offers securities lending, commission management and transition management. Fidelity Capital Markets trades fixed-income principally in a wide range of taxable and tax-exempt securities and underwrites municipal and government agency debt. FCM has its own distribution channel, Fidelity Prime Services, focused on servicing hedge funds and a full suite of Electronic Brokerage Trading Products, including proprietary algorithms and our own crossing network, CrossStream®. FCM offers all of our clients’ advanced trading, execution excellence and personal service. For more information about Fidelity Capital Markets please visit www.fidelitycapitalmarkets.com. "
Looks like you'd be doing flow trading from retail orders and hedge fund prime brokerage clients. Never really heard of any regular IM shops trading through fidelity (I worked at one last summer and they traded through the usual suspects - BB/MM banks who provide research in return).
Try and reach out to someone at the firm to learn more pre-interview
Fidelity Capital Markets Interview: insights on structure? Associate position (Originally Posted: 10/17/2011)
So I have an interview with Fidelity Capital Markets for the associate position, I was hoping someone may be able to give me some insight into what I should expect and/or the structure of this interview. Position description as follows, Associate responsibilities may include:
-Assisting traders with order flow management and client phone call response -Inputting / entering trade tickets into Fidelity’s trading systems in a complete, accurate, and timely manner -Daily monitoring of compliance requirements -Helping to identify inefficient processes and working collaboratively with others to improve and/or streamline processes and operations -Researching and reconciling positions, as well as holdings differentials if identified -Participating in systems development; assisting in defining business / user requirements -Working with Fidelity counterparties on market-related feedback and trade problem resolution -Supporting both internal and external facing marketing projects including collateral, online content, seminars, and presentations. -Addressing ad-hoc questions posed by traders, management, or broker-dealers
Thanks.
anyone?
Fidelity Capital Markets (Originally Posted: 03/08/2010)
So there have been a number of posts on fidelity and fidelity trading--but I am curious as to what people now about Fidelity Capital Markets Sales & Trading. (Unlike people have posted Fidelity does actually have S&T)
How would this compare to BB S&T (I know this question has been asked, but none of the responders seem to note that this is an actually S&T desk)
http://jobs.fidelity.com/findajob/student/Recruitment_Chart.pdf (see the asst. trader position for undergrads) https://www.fidelitycapitalmarkets.com/execution_services.html
I've also seen on here Fidelity pays above street, but in this case do you think that would be true?
A mutual fund seems like a really boring place to work at. You should take any BB trading job over fidelity.
Fidelity does pay above street.
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