ubs trading floor question?
Hey. I am preparing for my UBS interview for SA in securities. I know they have an enormous trading floor in ct, but they also have a trading floor in Manhattan. I applied for internship in their nyc office and was wondering what kind of traders are there and what that trading floor is like. Im most interested in equity derivatives.
isnt their equity derivatives in CT?
Im not sure thats why im asking. In my application I did not specify what type of securities I was most interested in. Like most banks they have rotational program. I would rather be in NY and do something else if equity derivatives are in Stamford,
I think generally speaking CT = S&T and NYC = IBD for UBS.
Their trading floor in CT is like 2 football fields in size.
I am not aware of any traders in NYC and I think they are all in CT. I know UBS has Prime Brokerage in NY. They have a rotational program, but UBS separates it between FICC and Equities (at least they did when I applied). You had a chance to interview with the FICC division or the Equities Division and that internship was rotational.
Also, the trading floor in CT is nice, but it's nothing special when you realize that all the banks have the "same size" trading floor only stacked on top of one another. Personally, I think it is a little too open. The cool thing is that it has special protection against earthquakes.
I could have sworn that someone from UBS told me they also had a floor in nyc. My interview is coming up next week. I have not yet distinguished between ficc or equities, nor have I been asked. I know ubs is great in equities, how about fi or commodities?
In a previous post someone said they had a trading floor in there offices at 1285 6th Ave... not sure if thats true though. Maybe that was a while back.
I don't believe they have a floor in the city. That was probably from awhile ago, their S&T is in Stamford.
they don't have a trading floor in NYC, it's their building on Park Ave that has IBD, Capital Markets, and some Sales people.
They do have a floor in NYC, but it is definitely much smaller. I'm pretty sure most Equity people are in CT, while some FI are in New York, at least that's I remember it from 2 years ago.
^^ Most similar to what I've heard.
To have a better idea about this subject, have a look on the following:
http://www.advancedtrading.com/photos/trading-floors/ubs/?image=02_DSC_0630%2F
And you get a great part of the answer to your question
Rumor has it UBS is moving its trading back into the city in about 3 years or so...
UBS floor in CT also does not have heating: the computers and wiring leak off enough heat to keep the room hot (at least that is what I remember from my tour there freshman year)
Hey, the S&T internship program is almost exclusively in Stamford. It is a rotational program with two 3-week and two 2-week rotations across FICC and Equities. I think they're hiring around 50 interns and will give offers to all qualified candidates at the end (want to hire all 50 if possible). I recently had 3 phone interviews and a superday for their SA program, so let me know if you have any more questions.
That's not possible... How could it be exclusively in NYC when most of the trading desks are in Stamford... Were they telling you mostly NYC for your choices of desks specifically, like some sales desks?
Also their COO said they may be moving the trading floors back to Manhattan in 3 years ish b/c that's where people want to be.
I know for a fact that they do cash equities in NYC on 6th ave; not sure about EDs though. Fixed Income is only in Stamford.
My bad. I meant exclusively in Stamford...thanks for correcting me. Don't know why I typed that in. Fixed the error. Btw, I saw that they may be moving, but when I talked with the people who run the SA program last Thursday they said the program was in Stamford...guess that may change if the move to NYC happens quickly.
I interned at UBS last summer.
This year interns will rotate through FICC and Equities. We had about 60 interns last summer. All of FICC is in Stamford and the majority of equities is in Stamford as well. The only desks that are in NYC are the Prime Brokerage 'desks', however, some people don't even really consider PB to necessarily to apart of S&T, even though they are linked. S&T interns can rotate through PB desks which are in NYC. Overall, really great experience and the trading floor in Stamford is awesome!
the moving comment came from a senior executive, and at this point there's probably nothing official about it. It'll be in Stamford for a few more years at least..
UBS Trading Floor (Originally Posted: 03/06/2007)
I heard it is HUGE, much bigger than any other banks'
is it true? and if so, does that make it any better to work in?
I went on a tour of it with a group from my school...it is mammoth. The place that houses it is built like an arena...it's pretty awesome and a nice facility.
Supposedly, its the largest trading floor (is what I heard). Also rumor that NYSE I think is expanding its trading floor, so UBS is as well to keep the "prestige".
Actually the NYSE is closing the "new room" that they opened a couple of years ago because it is so dead. NYSE is definitely not expanding.
Most banks have something like three to six floors of trading. I think UBS has everything on one floor. Also, remember, this is in Stamford where real estate is slightly cheaper.
I went there on a tour during the fixed income superday. THe stats I remember are it's the size of 2 football fields, never requires heating (because of all the people inside it) and yeah it's the biggest. What I remember most is that it was really quiet, apparently the room is designed to deflect the sound and they pump in white noise so it's not deafening. Yeah, bottom line is it's big, but I dont think that should be a deciding factor (wasn't for me)
When it opens next year it will have 300,000 sq. feet of trading floor space.
you don't pick what bank to work at based on sq footage of trading floor, that's absurd.
Accoring to UBS's "top 5 reasons to work for us" on Vault it's listed at number 2...
"No. 1 trader on NASDAQ (Autex 2006) and No. 2 trader of NYSE (NYSE 2006). Largest trading floor in the world (Guinness Book of World Records)
ok but is it a good place to work in?
stamford? i wouldnt want to.
it's based on the people you work with, not the decor.
I guess UBS is grasping for straws
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