starting on an OTC ENERGY OPTIONS desk
Hi everyone, I was wondering if starting out on an OTC energy options principal/flow trading desk is a good opportunity for someone fresh out of college?
The desk is a "prop" desk at a brokerage (think MF Global), but we really don't have a prop book due to internal regulations and dodd frank but it is a flow trading desk and I get to execute and hedge risk for large institutions. The options we are working on are mostly crude oil and natural gas.
Eventually I want to move to an energy trading shop. Is my current role a good place to start out? I am not at a bulge bracket nor in energy research and am concerned with the "exit opportunities" coming from this type of desk.
Would appreciate the advice! Thanks
"Eventually I want to move to a Glencore type of shop"
Wouldn't we all.
I am serious.. is this a good opportunity for me to start my career if I want to end up in energy trading (on buy side)?
If your just starting out in the business, its better than nothing. Your clients might even be Glencore type players i.e. physical shops. Learn all you can about options and the fundamentals of your energy product (im assuming natural gas and crude). After you can be conversant in those areas, start looking. Most companies want to hire kids with experience, so its better to try to go in through the back door. Your not on any sort of prop desk, to what you are explaining, you are on a OTC brokerage desk, unless your back to backing customers on all orders.
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