Comments (8)

Jan 13, 2010

Its a very good team - well currencies - no clues abotu rates

Rates is a FICC product

FICC in general trades rates, currencies, commodities

Rates will cover interest rate swaps, bonds, loans, all that sht, currencies is straight forward and then commodities

ML currencies is run by a mix of ivy / non ivies in NY - they're from everywhere but apparently do good business

Jan 13, 2010

Thanks for your answer.
Do you know the career path for those currencies guys?

Jan 15, 2010
GordonsGecko:

Rates will cover interest rate swaps, bonds, loans, all that sht, currencies is straight forward and then commodities

loans = credit, not rates

rates: treasuries, agencies, inflation-linked products, rate swaps and swaptions

Jan 16, 2010
untilted:
GordonsGecko:

Rates will cover interest rate swaps, bonds, loans, all that sht, currencies is straight forward and then commodities

loans = credit, not rates

rates: treasuries, agencies, inflation-linked products, rate swaps and swaptions

Honestly not sure what he originally meant, but he could mean repo market, which is usually placed under rates.

Jan 13, 2010

"Do you know the career path for those currencies guys?"

What do you mean? The career path for traders is similar at all shops. Assitant, junior trader, senior trader.

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Jan 13, 2010

I think FX trading isn't so technical as options or other fixed income securities. For this reason, there is no big space for innovative idea. If so, FX traders' work seems a little bit boring.
I know some guys, who used to be option traders or fixed income traders, are running their own hedge funds. But I'm not sure whether FX trading experience is useful to a hedge fund porfolio manager.

Jan 13, 2010
skyshen:

I think FX trading isn't so technical as options or other fixed income securities. For this reason, there is no big space for innovative idea. If so, FX traders' work seems a little bit boring.
I know some guys, who used to be option traders or fixed income traders, are running their own hedge funds. But I'm not sure whether FX trading experience is useful to a hedge fund porfolio manager.

I think you are a bit confused. FX encompasses the whole product... meaning spot, forwards, vanillas, flow exotics and structured exotics. I would argue that FX has one of the largest structuring (aka innovation) units, due to the fact that FX is the most liquid product.

If you are talking about a spot (and maybe forwards) trader, then in general, yes they are less technical. But there are plenty of more complicated options in the space. The macroeconomic analytical ability transitions well to global macro funds.

Jan 13, 2010
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