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Should i do an MBA or a Masters in Quantitative Finance?
I work as an AM equities execution trader for the last 2 years, came up from a tech background, 5.5 years total work experience after undergrad, same company through and through (bulge bracket) . I am also a CFA level 3 candidate and want to eventually become a portfolio manager at AM or a hedge...
W.D Gann
Hi, I have been very curious about this man because of how mysterious he is. When seeing youtube videos about him people always talk about that you have to read his books and figure out yourself about his trading methods. Does anyone have any reliable information on this man? Is it worth taking time...
Trading coop
Hello everyone, I would like to find someone here who is willing to cooperate in stock trading on a daily basis - sharing info, set goals, divide some tasks, and so on. I think it is also especially good for motivation and discipline. I have experience when you cooperate the progress is much faster....
Python/R in Trading
For those of you who are traders, how frequently do you use python/r in your job? I know that this question varies for someone who works at a market maker vs. someone who works at a trade house, but for those of you who do program can you give me a sense of how you use it on a day to day basis?
S&T desk - advice for placement day
I’m currently in the placement process for my s&t internship ( trading track) at a top BB Would you guys be willing to shed some light on some of these desks: • rates trading; both securities and swaps • credit indices (CDX and CDX options etc) • high yield • distressed • equity...
Advice on Middle Office Opportunities!
Although most people here are client-facing, I'd like to know your opinions on which MO groups will tend to have better exposure to financial tasks that will best light up my resume for exit opportunities toward client-facing roles? To be more specific, I may have 3 potential offers: 1) a Deals Team...
Retail trading and its implications on professional trading?
WSB and GME are everywhere right now. Retail trading accounted for 20%+ of market activity in 2020. For comparison, in 2019, retail trading accounted for only about 10% of market activity. Market makers, prop shops, and exchanges are all excited about this influx of activity because there is more...
3 Middle-Office Positions - Which One To Pick?
Although most people here are client-facing, I was wondering which groups of MO will tend to have better exposure to financial tasks that will best light up my resume for exit opportunities toward client-facing roles? To be more specific, I may have 3 potential offers: 1) a Deals Team Specialist...
S&T Interview Prep: Networking
I'm currently looking at S&T internships and see that there is such a lack of knowledge on this site about the interview process and what it's like compared to IB. How powerful is networking and should I be reaching out to get a better chance of an interview?
MO BB Associate Struggle to FO
Hi All, Hope you are all safe and healthy through these trying times. I am a MO Operations (Trade Support) Associate at a bulge bracket bank in NYC. I am in dire need of some advice. I really want to be in a Sales/Trading role, it's been my passion since I was in middle school and I know it's my...
Dependable Profit in an Undependable Market -- Quantitative Sports Betting
Assuming you know sports betting, you are probably familiar with the many different sportsbooks that are around, some way more established than others. You may think "These other sportsbooks are useless," but if I came back and told you that you should want these inefficient sportsbooks to be around...
How to win a trading analyst role without any experience?
I am currently working in an Investor Relations role at a top tier PE firm, and want to break into S&T - more specifically trading. I have a very analytical background with an engineering degree from a great school and have passed my Series 7 & 63 as well as my level I CFA. Given my analytical...
Secondary Marketing Analyst Exit Opp's
I am a Secondary Marketing Analyst at a mortgage lender. My responsibilities include pricing loans, establishing and maintaining lines of credit, locking interest rates, reporting on our profitability and competition, and trading MBS on the secondary market. What kinds of exit opportunities are...
How to be a good trader
I will be doing an internship at one of the top prop trading firms next summer. I have two questions: 1. How to convert the internship to a full-time role? 2. (more general) What should I focus on know to become a successful trader in the future (eg. some people say I should play poker, do mock...
Why stay at a bank when HFs are so much more attractive?
I'd imagine there's a fairly simple answer to this question, but I haven't yet come across one. It seems like bank compensation pales in comparison to what one can earn at a HF, even at the junior level. That said, it doesn't seem like many juniors are actually making the move from the sell-side to...
The long climb into FO....
Wanted to get some opinions/suggestions here about getting into trade. I'm in my mid-thirties, and have been in the financial industry almost my entire career - I love the industry, I started investing in stocks when I was 13, and featured in Fortune when I was 14 for a 'young investor' piece. I...
Optiver vs SIG
Hi, I am holding two trading internship offers SIG (Dublin) and Optiver (Amsterdam). I would appreciate any advice on which I should choose and why?
Tier 3 IB Markets Internship or HFT Trading Firm Internship??
I'm in my second year studying Maths at a Target Uni in the UK and I need advice in which one of these two internships to go for: The first internship is in the Markets Division (Cross-Asset) at a Tier 3 Investment Bank in London. The second internship is as a Trading Intern at a high-frequency...
Prop Trading Salaries - UK/Europe
Hi, I would like to set up a thread about prop trading in UK/Europe. What are the strongest players, how much can a new joiner make, etc
Why S&T Is Way Better Than IB
I wanted to make this post in order to say that S&T as in "sales" 'and' "trading" is better than i-Banking bc In my job i am able to have hands-on experience trading sT0nks and talk with cli3nts . i also am passionate about Marcuts . i laugh at all i-Bankers for working so much hours when you could...
Interview with CEO
I have an interview coming up for an entry-level trading position at a New York City trading firm. They informed me that there will one final round with the CEO. What is the CEO trying to understand from the interview? How can I be more prepared for his questions?
Enough to be a Trader at IB???
Hi! I'm currently finishing my MSc in Quant finance at an European University (not the most famous but well quoted) with an OK GPA. I have a Bachelor in Business from a somewhat unknown uni in Europe as well. Previous to my masters I worked as a P&L Analyst for a major IB for 1 year. During my...
Trader at IB day-to-day tasks???
Hello, I would like to understand better what a sell side trader does in the day-to-day. Let's, for example, look at a trader in an Equities Trading desk at a major IB. What do they do? Do they just fill orders sent to them by the clients in their ptf? What about risk management? Are they required...
EDF Trading
Hey Everybody, Just wanted to know how good EDF Trading in the UK is and esp what their graduate scheme is like: What is its reputation compared to competitors Glencore, BP? What are the exit opps like? How easy is it to move to BB/HF later in the future if you start on their trading grad scheme?...
How urgent are these earnings calls actually?
In what scenarios do you need to listen to earnings calls to get that information RIGHT THEN AND THERE? Can this data not always wait until transcripts come out tomorrow? And aside from interns, are there any automatic ways to get a real time transcript of the call so I can go in right after the...
How can I get an internship in trading
I love trading stocks, I do it all day even during school/work and I could make a lot of banks/groups/firms a lot of money. But I cant seem to find any sort of internships where I can do that or can even work for someone who does that. Where do I even look for a stock trading internship thats not...
Is SMB Capital a Profitable & Reputable Prop Trading Firm?
I'm a fresh grad with a BS in Economics and am looking to get into trading professionally. I've heard that SMB Capital is a legit, reputable prop trading firm from people on internet, reddit, and the opposite from some old posts about SMB on WSO years back. From more research, I think SMB is an arm...
Best Earnings Call Analysis Tool
I have been using a tool called Uplink to run advanced analytics and provide real time transcripts for Earnings calls and it has been great for me so far. This is definitely something that could be really huge for anyone regularly listening to earnings calls or any disclosures, to be honest. There...
Joining your investment banking
Our company is dealing with stock brockering. We also work directly with clients: buyers and sellers. We have just got the message from the funder who wants to partner with Deutsche Bank in UK. The funder will transfere 45 million euro and 15 million euro second tranche. We already have contract...
Investment Grade New Issue Trading
Hello everyone, I was recently told I would be teaming up with one of my PMs to start to learn the process of flipping IG new issues. Does anyone have a good amount of experience doing this and would like to connect with me? Are there any specific learning materials anyone can point me to? Thanks!
Flow Traders
Hi, I would appreciate it if anybody could give some opinion on Flow Traders. I am a student potentially interested in their Amsterdam office. How is it compared to other trading shops, how is the culture, hours, pay, etc.
Can you move Akuna junior trader to Hedge Fund Analyst?
Hi everyone, My cousin is a strategy consultant and he was made redundant due to Covid. As such, he is currently near the end of the interview process for a 'Junior Trader' role at Akuna Capital. He has developed a passion for the markets and wants to ultimately try and move into an L/S HF within...
Treasury Funding Trader Career Path and Exit Ops
Hi all, I'm currently working as an analyst in the Liquidity Management Division of the Treasury at a US BB. My current responsibilities involve a lot of work with HQLAs and the ISLT with exposure to 5G and LCR stuff. As a result, I often interact with Funding Traders that sit in Treasury which has...
Trading Interview Case Studies
I'm through to the final round for a trading company/liquidity provider which is going to be a case study, I was wondering if anyone had any advice or could point me to resources to help prepare. They've given me a list of things to look into, which I have been, and I've found a few posts on here...
POWERFUL TRADERS' ARCHIVE
Hello Traders! Here is a place of silence, reflection, logic and research ... We are always glad to your interest, questions and thoughts ... We just contemplate and rest after a hard day ...))) Regards, Team Traders "PowerfulTraders"
POWERFUL TRADERS Greeting!
Hello everyone! Just brief info, about us... So, we are the Team Traders with more than 20 years old of Practice & Experience in trading sphere... Accurately suppose, that our abilities doesn't have some boundaries and limitations & knowledge skills more deeply than you able to expect... We are glad...
Feedback on Backtest Results
Hey Fellow Monkeys, I developed a new strategy recently and hired a software engineer to put it into code and I just got some preliminary results I was hoping you all could help me interpret. Please bear in mind this strategy is designed to trade commodity futures as one of the biggest edges to this...
Q&A: Credit hedge fund analyst at MF, former BB trader
Mod Note (Andy): Q&A/Interview Tuesdays! Email me ([email protected]) if you'd like to do a Q&A or interview for WSO My background is working in a high yield/distressed trading desk as a research analyst and trader, before making the move to a credit hedge fund within one of the major PE...
Anyone heard of Cargill( prop trading)
Hi everyone, I've been in this forum for a long time and underwater, recently got an offer from Cargill, more specifically in their World Trading Group based in Geneva. I've always been work in the IB/Hedge Fund as a derivative quant/trader, but never heard Cargill before as I didn't touch aggs. Can...
Trader Resume
Just wondering if anyone has any advice as to what a junior trader resume should look like? Currently have 1yr trading intraday FX risk at a BB, and was wondering some things that people have written about as a junior. Of course, it all comes down to individual experience, but was wondering if it is...
Isn't Algo Trading paradoxical?
I know it's quite a random question but I have some friends that switched to Algo Trading from engineering roles. They've told me how they're trying to find market inefficiencies and capitalize on that. However, isn't arbitrage not possible if markets are efficient? Don't you think that, when algo...
MBA vs MS Financial Engineering
Hi all, I was let go due to restructuring at the beginning of the year. I'm trying to decide between an MBA and MS Financial Engineering. Looking to hopefully make the move to the buy-side in a trading/investment role and the job market has not been too kind lately. Some background about myself. -...
Move From Relationship Manager To Trading?? Is It Possible And How??
Hi all, So I have some thoughts that I have been walking around for a while with... Any input is much appreciated. Two years ago I finished my masters in finance and investments and this concluded my five years of university. I also have a bachelor's/undergraduate degree in economics. Straight after...
Best investing tips for beginner investors
What is the best investing tip for beginner investors you wish you knew when you started? Here are 10 investing tips for beginner investors : Acknowledge the need to invest and decide your goal . The first step is to actually understand why you need to be invested and not just keep your savings at...
Move from relationship manager to trading?? Is it possible and how??
Hi all, So I have some thoughts that I have been walking around for a while with... Any input is much appreciated. Two years ago I finished my masters in finance and investments and this concluded my five years of university. I also have a bachelor's/undergraduate degree in economics. Straight after...
Making a career in trading
Hello everyone, My name is David, I'm 20 years old and from the Netherlands. I've always wanted to make a career in trading, I've been studying it from a young age (mainly TA even though I am becoming more aware that TA isn't actually used as much professionally). I'm in my second year of my...
Ranking CS S&T Desks
Hi everybody. I’m currently recruiting for a SA position at CS for S&T , and I was wondering if anyone knew how desks there compared to each other. I know Securitized Products is their best, but I’m more interested in being a trader in credit/macro/derivatives than I am for that role. I was...
IS IB even the move anymore?
I will be as honest as I can and will love hate or advice regardless what it is. I transferred to a target school a year ago as a junior, if you look at my post history it will explain everything. And after being there for a year I've slowly re-evaluated everything. IB was the most promising career...
Trading with different banks
Can any buy-side traders speak to trading with Nomura counterparts ? I'm considering an offer and looking for some insight on how smooth these transactions are, and how I've been told that prices and volume are competitive but want more perspective. Thanks
[HELP REQUEST] How to prepare for the markets for S&T Interview?
Hi, Questions: How would you go about "following the markets" for S&T / trading internships ? S&T interviewers, what do you ask and what are you looking for in the markets portion of an interview? Also please critique my preparation methods: 1) Prepare for the classics * cheat sheet table of indices...
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