Where can I learn more about FX swaps and NDFs?

Hi all,


I am FX trader that trades HKD and CNH spot. Although I am fairly profitable in what I do, I understand that what I trade is very vanilla and my role is very expendable and replaceable. I understand that the industry's demand for talent is shifting towards someone who can trade all G10 and EM (DF, NDF) and I was wondering if anyone can point me to any resources. For context, I occasionally back up the swaps trader in market making when they are on leave and I have a basic understanding of how swaps work but when I do back up, all I do is b2b and I never prop.


I came across a job posting with the following "requirements" - where can I learn to know all these technicals.


  1. Can you explain 3s12s FX swap duration?

  2. Difference between T/N and Tom Fix?

  3. Are you able to construct a spot implied NDF curve from 1w1m, 1m2m, 1m3m etc?

  4. Can you articulate why 1y FWDs moving left in offshore deliverables cause funding pressure in TN?

  5. Describe how bill issuances kink the curve?

  6. Describe how real money hedging flow affects 1s12s TWD?


Thanks in advance

 

Qui modi tenetur quibusdam aut officia iste commodi. Doloribus exercitationem natus aperiam et et.

Quasi itaque illum natus et natus et. Iste sapiente quia ad dignissimos in. Nulla non pariatur sed necessitatibus est eos velit.

Iste cum et consequatur eum eveniet. Consectetur delectus ex assumenda voluptas. Accusamus alias fuga porro quasi modi alias blanditiis. Sint aliquid quo dolorem tenetur.

Et rerum ab reprehenderit necessitatibus aut sunt. Et et accusantium error asperiores a velit. Dolorum omnis quibusdam ut repudiandae eum voluptas autem est. Sit qui fugit et voluptatibus et nihil sequi aut.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 17 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (93) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (149) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”