Q&A: The Future/Current State of S&T - BB VP Macro Trader
I feel like I've been answering a lot of questions regarding the state of S&T going forward as well as what a S&T trader does (and trading in general) so I figured it might be helpful to do Q&A. I remember as a freshman in college I used this site extensively to help me eventually land my internships and then my job.
Some background on myself... I went to a target school (non-ivy). I've been in industry a little over 5 years and am a VP level trader at a macro type desk (metals/fx/rates) at a BB. I spent my first year focused specifically on rates. My focus now is more on metals and fx, but still trade rates as it impacts what we do on a prop/hedge basis (just not a market maker in that). I've been fortunate enough to be on desks (on my rates seat and on my current seat) where we take a lot of prop risk. I'm more responsible on the linear side (ex. STIRT) but also have some experience as a back-up in vol. To give you an idea of my experience, I've traded things for prop including: 2s10s (including funding it through specials in the repo market), Eurodollar option structures, FOMC OIS swaps, metals/fx swaps, metals (copper,gold,zinc,palladium, etc.)/fx options, currencies from G10 ex. EURUSD to EM ex. USDMXN.
As an undergrad, I went through the whole networking process, got a sophomore internship at a non BB in S&T, and then got a junior internship at my current bank. I can answer questions about that process too.
Anyways what makes me unique is that although I certainly like trading and markets, I have a rather negative view on the future of the industry (which you can go through my comment history to see why). I wouldn't exactly recommend anyone pursue a long term career in this industry.
Happy to answer questions regarding anything on the above. Ex. Markets/Trading, Career, etc.