Wells Fargo Trading in NYC
Hey guys,
I understand that Wells has a big trading floor in Charlotte, but I was wondering if Wells Fargo had a trading floor in NYC? If so, what desks are there?
Hey guys,
I understand that Wells has a big trading floor in Charlotte, but I was wondering if Wells Fargo had a trading floor in NYC? If so, what desks are there?
Career Resources
They really don't have much of a trading floor in New York. They made trade some bonds there but that's about it.
Their main trading floor is in Charlotte and there's a smaller sized one in San Francisco that does some commodities and rates. They also have an agency bond desk in Minneapolis.
thanks for the reply, but for clarification what do you mean by "they trade some bonds there", is there actually a whole desk there or how does that work?
Just in general, what is the advantage of having particular desks in different cities? Why not just have all the desks in NYC or Charlotte or w/e?
Costs, Location Risk, Safety, Contingency planning...
Contingency planning i.e. all banks keep lower risk presences in smaller cities after 9/11. Also WFC isn't so much a northeast focused firm as it is West Coast / Mid West / South East The bigger and MM firms tend to have niche markets by geographical preference. Commodities and futures in the midwest due to the ag sector locale + CBOE , CME, CBOT concentration in the Chicago are it just makes sense. WFC has an FX desk in Minneapolis also.
could someone confirm if there's any desks in nyc at all for wells?
thanks in advance!
Facere provident sunt debitis placeat et sequi. Quod qui voluptas mollitia non. Sed porro qui non pariatur temporibus ipsum ex quo.
Tenetur beatae autem labore quod exercitationem. Quisquam vero quis doloribus cumque ea debitis non. Tenetur atque et distinctio ullam facilis iure. Repellendus voluptatem quibusdam aut voluptate.
Dolorem iste voluptatem illum tempora ut accusantium. Ipsum asperiores inventore tenetur. Voluptatem beatae et consequatur qui. Quas voluptatem quos sint consequuntur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...