Macro trading desks at BB's

Brady4MVP's picture
Rank: Neanderthal | 3,183

From my understanding, bulge bracket banks have macro desks, where traders trade a wide variety of asset classes such as commodities, currencies, rates, etc. Examples of this include Credit Suisse's global arbitrage group.

Do these groups recruit mostly sell-side traders from other desks? If one attends a top MBA program, would he first need to get on a regular flow desk before jumping to a macro desk?

Comments (14)

Dec 5, 2011

One needs to attend Harvard Business School to have any chance of landing on such desk. Any other MBA is obviously worthless.

Dec 5, 2011

HBS or bust obvi.

Dec 5, 2011

Most are being disbanded due to Dodd-Frank. But like the others said, HBS or bust yo.

Dec 5, 2011

HBS or bust for BB macro-prop trading? I find that highly amusing. There are far more important factors in prop trading recruitment than whether one attended HBS or NYU.

Dec 5, 2011
Macro Arbitrage:

HBS or bust for BB macro-prop trading? I find that highly amusing. There are far more important factors in prop trading recruitment than whether one attended HBS or NYU.

Not for the OP

Learn More

Boost your resume and land a finance job by passing the FINRA SIE. 264 pages & 1981 smart flashcards written by a former 8X top Fidelity instructor. Try it for 0 bananas here.

Dec 5, 2011
Macro Arbitrage:

HBS or bust for BB macro-prop trading? I find that highly amusing. There are far more important factors in prop trading recruitment than whether one attended HBS or NYU.

I think there's an inside joke about the OP and Harvard. I've slowly put it together: HBS is god's gift and if you don't receive your MBA from there then there's no chance for you to land an awesome Wall Street role.

Dec 5, 2011

I know for a FACT that Nomura has one. i have spoken to the guy that runs it in hopes of wooing him, but to no avail... He primarily trades US Treasuries but i dont know how they divide up classes amongst the desk. PM for more info, dont want to name names.

Dec 5, 2011

JP Morgan has one, but it's just been moved into the AM division. I think they might have some focus on Credit though and/or Emerging Markets (I can't really remember anymore).

Dec 5, 2011

RBC Global Arbitrage Trading.

Dec 5, 2011
Spectro:

RBC Global Arbitrage Trading.

Very good perfomance

Dec 5, 2011

Buddy just go to the buyside. The whole sellside trading path u want is gone man. Adjust for fcks sake.

Dec 5, 2011

All the tier 2 banks still have them.

Dec 5, 2011
Comment