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How long did it take for you to actually trade?
To get your own book and trade? From not having any prior experience before starting.
Career Advice Needed - Objective career advice
Hello fellow primates! I was hoping to get some objective career advice. I am a Canadian living and working in Toronto at one of the banks here. I am currently in my first year as an Ops Analyst on the Canadian Futures desk. I am a motivated individual who is very serious about establishing a career...
Vol vs. Var Swaps in FX
This is a summer I've had since the summer, and no one I asked at the BB was able to answer this question. I just can't get over it. Question: So obviously var swaps are preferred and hence more liquid in equities because they're easier to replicate with options, but why are vol swaps more popular...
Trading associate at Bridgewater
I have a phone interview next week for the trading associate role at Bridgewater for their asian market shift. I know the role is primarily execution oriented. Interested to hear from anyone who's interviewed for this role and what to expect. The HR lady told me that the guy will inquire about my...
Something wicked this way comes.
Traders, commence your evil finger pyramids. Retails CDS ’s are coming. I know there’s more than a few John Paulson wannabes here on WSO but, as small investors we never had the chance to bet like the big guys – playing around with exotic CDS’s and prospering from the horrendous failures of...
I what ways does corporate banking dept. interact with S&T?
apart from institutional credit lines (ie can you trade with counterparty X given Y amount of credit available?) what other interactions are present between those 2 groups? thanks PB
risk management for LNG traders at oil company
I work for this major Oil Company. I have been here for 14 months now (college hire). I have been offered to work in Houston as a credit risk analyst supporting NGL Traders. I have never considered trading as a future career path but now I'm interested to learn more about this. Is this a good place...
Weird Offer Dilemma: Risk Mgmt vs. Prop Trading
Hi everyone! I need to decide between two internship offers: one for trading at a fairly well-known prop shop in Chicago - think CTC/DRW/Optiver - and one in the Master's/PhD risk management division at American Express in NY. Amex group could be anything from consumer card risk to corporate...
ENERGY RODEO 2012 - CENTAURUS CONFIRMED
Centaurus Advisors, a Houston based hedge fund that specializes in trading energy products, has been confirmed for the next Energy Rodeo!
A straight up buy-side trade execution job?
I have an interview for the below position in ABS /CMBS trading in the investments group of a major insurance company. I am trying to figure out if this is a more substantial position than a strictly buy-side trading execution job. Any thoughts would be greatly appreciated: Large Insurance Co is...
Cross Product Sales groups- opinions?
Hey guys, I was just wondering what your opinion might be on cross-product sales groups. All the banks have different names but I am talking about the sales guys whole sell all products.. My initial thought is that it is very cool and you would develop a good understanding of the entire market and...
A dream delayed: S&T
I'm looking to enter Sales and Trading at a BB after graduation and I'm currently a sophomore at a Top Target (think HYPS). I applied to internships this summer and although I got a few interviews, I didn't get any offers. My question is: What can I do this summer to better position myself for...
A Unique 1st Year Dilemma
Hi all, I've got a dilemma to ask advice about. I'm currently in my first year at a BB , S&T (equity trading ). It is going OK so far, but another BB has advertised that it is looking for a junior trader for my exact role. The second bank is definitely an upgrade (very worth it). What should I do?...
Advice for a Graduate
Hello my fellow monkeys, I've been looking for a FO job now for the last 4/5 months. I finished my internship in S&T at a BB in August, was not offered a FT place and I graduated in July of this year. Of course, the climate right now isn't helping anyone with jobs anywhere, so I have been widening...
Has anyone applied to/ worked at Scottrade?
Has anyone applied to/ worked at Scottrade? FYI, Im a S7, S63, and soon to be S65 registered broker. What was your overall feel of the interview process? Any advice for me? If hired: What was your position? How did it go for you?
Louis Dreyfus quant desk
Does anyone know if Louis Dreyfus has a quant or technical trading desk for any commodity? Would greatly appreciate any available information
Math&Econ vs. Finance for Trading
Sorry if this question has come up a bit, but I'm at an important point in my development where I'm applying to target schools to get better recruitment. My heart is in trading . I feel that mathematics and economics relate to trading and/or quant roles more than any business major. And they are...
Gladwell's Quarterback Problem in Finance
To me, Gladwell is one of few authors where i can sit down and read his works for hours on end, and I thought i would share one piece with you fellow monkeys. It is about the quarterback problem. More specifically, how any measure we have of determining how well a college qb will fare in the NFL...
Gazprom - First Round
Hi guys, I've got a first round next week with Gazprom ( back office ) entry level. Any tips? Btw, this is for EMEA.
Hedge Funds versus Bank Trading - Bonuses versus Total Compensation
When trading at a bank is it standard to be paid a percentage of your book as total compensation or do you receive a percentage of your book as a bonus? I know at hedge funds your salary is treated as an expense and subtracted out of your bottom line, but do banks operate in the same fashion e.g. at...
Need a currency trader's opinion....
Fidelity has recently expanded their offerings of converting dollars to foreign currency and I think this might be a good time to go risk on - particularly if the numbers in the US stay strong and people start diversifying out of the dollar. Either way, I think it's a good startegy to have some...
I'm really curious about everyone's OBJECTIVE opinion on facebook. Yes, we all know the hype and bullshit and this, that and the other. Every financial website is flooded with news since the announcement yesterday and it looks as though many reporters are jumping on the "stay away" bandwagon. I...
TN status at proprietary trading firm
Anyone have problem with obtaining a job at a proprietary trading firm under TN status?
Guys What do
If during an interview some one asks you what your user name is :/
Torn about offers- really need advice
Guys, Long time poster here, but under pseudonym b/c this topic is a bit too exposing. So I am in a big predicament: I have an Equities internship offer from a top BB (GS/MS/JPM) and it consists of a few rotations around equities desks. Top notch equities division at this bank and i really like the...
Commodities Class: Electricity
Ever since the Chilean born, Friedman bred "Chicago Boys" came on to the global economic scene in the 1970's the electricity markets have grown in depth and structure. With Thatcher's UK government privatizations of the electricity supply industry and the U.S's movements in the same direction over...
This Chart Does Not Look Right
http://finance.yahoo.com/echarts?s=siri#chart1:sy… I'm not much of a chart or technical analysis guy but the 1 day chart for SIRI looks very bizarre. Check out the pattern it follows between 9:33AM and 12:18PM. Market manipulation or a coincidence?
Flow Trading vs Market Making
What is the difference between flow trading and market making?
From Product Control to Trader
A headhunter kept telling me that if I wanted to be a trader, I should just take up a product control role first rather than be stuck at my accountancy job and wait for that ideal trader job to arrive. He said that I will have access to Traders and I can network my way in. I feel that he is trying...
Wall Street Over Compensation?
Out of curiosity I took a quick look at how much Net Revenue is generated by an individual employee across GS , MS, Google, and Apple. --GS net revenue per employee is about ~50% lower than google and ~40% lower than apple. --MS net revenue per employee is about ~30% lower than google and ~20% lower...
Trading Ideas: Matter of Edge
One thing that a lot of students falter with during interviews is the trading idea . Im writing this post to help some of the monkeys currently preparing for interviews realize that what they are spewing out as trading ideas are instead sales pitches, and they should be presenting a trading plan to...
3PL internship
Hey guys, im a sophomore looking for internships this summer. I am interested in Physical Commodity trading , but it is very hard to get into this field as a sophomore. I have a couple of other leads, but recently got in touch with a 3PL logistics firm that does freight contracts and sales....
Credit Suisse global equity trading forum
Just curious to know if any fellow monkeys will be attending the Credit Suisse global equity trading forum on february 15-17, in Miami Beach.
Funny job situation...go
hello, new timer here. need help on funny situation. quit job recently, but figuring out now that current job isn't the most pleasant. only quit job about month ago. had good relationship with previous employer. would you think they would take me back? was hoping to set up a lunch with former boss...
Writing your own algorithm
Quick question for those of you at prop trading shops or hedge funds, who have written their own code for a trading model. In trying to generate ideas, did you guys primarily rely on your general market observations and/or various academic papers, blogs, etc? My desk is still using a code that was...
Energy Rodeo Conference in Houston this weekend
Hi All The conference is a few days away so thought i'd start this new thread (instead of bumping the old ones) and wanted to see who else is coming to this event. Not sure if its already sold out but I've attached the link below if you are seeking more information on it. www.energyrodeo.com Haven't...
Please give an opinion of this program's strength as related to trading/hedgefunds/money management
First time poster here, please offer some objective opinions, would be great help. I understand that many here have done really well and made the right choices in their education to ensure landing that job or career they want. It isn't the case for me and I'm trying to do some catch up. So I'd like...
Metals
I'm looking for a website similar to Platts but for Metals. Does anyone know of one? Thanks.
The 7 most epic shorts in finance history
Going long a security has always had a wholesome ring to it; it says you believe in a company, you see a bright future for it, you stand by its management, and you back it up by investing in it. Going short however has the stigma of nastiness; its Machiavellian, sinister, a bit like doing the old in...
If trading is profitable, who loses money
If surviving BB trading arms are profitable, and assuming that trading is a zero sum game, who are the losers at the other end? If banks like GS and BofA can have perfect trading quarters, who are the losers at the other end? Or am I wrong, is trading not a zero sum game... and if it's not to what...
Credit Trading or Credit Research
Hey Guys, First off, I just want to say thanks in advance for answering these questions. I've been coming to this site for two years now and the help I've received has been incredible. I don't know where I'd be without you guys. To the topic at hand, I've heard from a lot of people (buyside,...
Initial Contact now... advice please
I've recently become interested in career in trading after taking a financial derivatives class in school and starting to read yahoo finance on a regular basis. I've compiled a list of a bunch of financial firms with equity and fixed income desks and MDs or whatever contact information I could find...
Business School and Trading
Is business school really the key to break into trading ? This has been popping into my head a lot lately, with the job market as it is today, more and more prospective monkeys have dropped the chase and picked up the books instead to realize their BSD dreams. Here on WSO, after the usual networking...
Trade support interview questions?
I have an interview coming up for a trade support position. Can someone elaborate on what type of questions they might throw at me? I really want the job and would like to be as prepared as possible. Right now, I'm reviewing my international finance textbook (swaps, forwards, options, etc.) and...
Citibank
Is Citi still a good bank for Trading, compared to other BBs and the market in general? Is there any significant difference between Citi in US and in the rest of the world in this aspect?
SA Resume Review - IBD/S&T
Hey Guys, I was hoping you could guys could evaluate/edit my resume for the upcoming SA recruitment season. I'd love to hear some insights on the strengths/weaknesses of my experiences in terms of recruiting. I'm currently a Junior at a Canadian target (Not hard to figure out). Please let me know...
engineering undergrad breaking into trading resume help
I'm looking for a full time gig as I'll be graduating in the spring with a B.S. in civil engineering and minor in business administration. I'm looking for some help with changing my resume from an engineering focus to a trading focus . I have a solid background in engineering (3.7 gpa, three 6 month...
Hedge Fund Equity Analyst Interview - Undergrad
Hey guys, I'm new to the site and I'm looking for some advice I have a first round interview at a hedge fund (>$5bn) for an Equity Analyst position from undergrad I've had a summer in IBD at a top boutique and a few internships in BB 's I'm just wondering what the focus of the interview will be?...
From Ho to the Big Show: Spitzer's Favorite Hooker Now a Trader
Director Alex Gibney's documentary, "Client 9: The Rise and Fall of Eliot Spitzer," released this week, detailing the Former New York Gov's epic taste for high-class hoes and gettin' freaky. I've yet to see the doc, but apparently it's worth seeing. It even dabbles in a little conspiracy-theorizing,...
funniest trading clip ever
Friend just showed this to me. Its pretty much the most awesome thing ever so yeah. http://www.zerohedge.com/article/i-trade-size Gotta give credit where its due
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