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Macro trading desks at BB's
From my understanding, bulge bracket banks have macro desks, where traders trade a wide variety of asset classes such as commodities, currencies, rates, etc. Examples of this include Credit Suisse ' s global arbitrage group. Do these groups recruit mostly sell-side traders from other desks? If one...
Trading Records in App: Prop Shops
To follow up on a prior post (thank you bondarb and macro arb for your comments), I'd like to get your take on some other stats that may be useful, particularly to a prop shop. I've been trading three years with a CAGR around 27% and a sharpe around .65. i don't know whether it is a better idea to...
Need Trader Advice: Include Sharpe and CAGR?
I'd like to get the viewpoints of some experienced traders. I am from a target, three years out of school and have been trading on my own. I will be applying for some commodity shops (think Glencore, Trafigura, Louis-Dreyfus, Vitol, etc.). I've been trading for the past three years with a CAGR of...
Quant Algo Trader on IAmA Reddit
This is a link to an algo trader who posted an IAmA on reddit. He seems pretty intelligent and has answered a lot of questions about job search and things like that. http://www.reddit.com/r/IAmA/comments/mlkxe/iama_…
Quant Algo Trader on IAmA Reddit: job search and things like that.
This is a link to an algo trader who posted an IAmA on reddit. He seems pretty intelligent and has answered a lot of questions about job search and things like that. http://www.reddit.com/r/IAmA/comments/mlkxe/iama_…
Trading 101 - How should I position this?
Hi there IB fellas, prospective monkeys or I would rather call fat fellas. A little help is needed here from a blue collar dude aka borderline OWS junkie. I would have joined them were it not for my libertarian principles. Anyways back to the topic 101. I was hoping to actually play the market both...
Algo trading's new Holy Grail?
Hmm, I wonder if this is what James Simons does? Trading has a ton of indicators, Bollinger bands, Support, Resistance, MACD , and Fibonacci ratios just to name a few. But two Professors from Indiana University, Johan Bollen and Huina Mao, along with the University of Manchester's Xiao-Jun Zeng, may...
Nomura 2012 S&T analyst class cut in half?
Can anyone confirm that the Nomura 2012 FT analyst class was cut in half? They are not taking referall candidates and only giving offers/interviewing candidates from recruited schools? I heard this for S&T . If you know anyone there could you find out please? I really really want to work there and...
Evolution Capital Trading?
Anyone have info about Evolution Capital Trading (EVO) like their culture, work hours, salary? They trade the Asian markets and are based in Hawaii with offices in Tokyo and Hong Kong. Haven't heard much about them, but have an interview with them.
Pay expectations for junior very successful prop trading model
Hi all, longtime lurker here that needs some advice.. Lets say you've just joined a trading desk at a bank a few months ago as the junior, doing all the usual junior tasks and hedging small stuff etc.. On the side at work I started working on all old trading strategy one of the traders (my 'boss'...
What happens if you get the job and end up sucking?
I'm looking at a number of prop trading jobs right now and I'm worried about the possibility that if I take one I'm gonna be a shitty trader. So lets say that I get canned after the first 6 months/ 1 year. Then what? Is no one going to hire you? never work again in trading ? Does anyone know anyone...
Help: Peak6 Trading assistant vs Transaction Services PWC
Day in the Life of An Energy Trader
I found this article quite entertaining http://webcache.googleusercontent.com/search?q=ca… IT was just another day on the trading desk at Flippum Energy Partners. I decided to drop by and see what the traders thought about crude oil prices, which closed above $89 a barrel Thursday, setting a...
Dan and Dave 2010
Some weeks back I had dinner with two old friends from high school. We wound up hanging out with some college girls and my boys struck out hard with the two 19-year olds of the group; much to my simultaneous amusement and chagrin. You see, my guys are named Dan and Dave. For anyone, who recalls the...
How do you break through as a trader at top firms?
Hi everyone, I have a few questions: What advice would you give a first-year college student on becoming a successful trader and making it to a top-tier firm (a good ibank or hedge fund known for its trading )? What particular elective courses should I take for my finance major? What...
Strategist role at an agency broker
I recently interviewed with the owner of an agency broker here in Chicago. No one has heard of them, and they are fairly new. Basically, they execute trades for large institutional clients, including janus, PIMCO, SAC, and others. They are looking to expand into other business areas and want to...
Tumbleweeds in Trader Town
A funny thing happened on the way to the forum today. I got a call from a successful trader friend. What made the call strange is that it happened during market hours, actually almost at the opening bell. My buddy is not only unreachable during these hours, he definitely does not want to be...
Weekend Wars: Traders vs. Funds
10/4. To military and police personnel, an affirmative acknowledgment. To investors and traders, the potential boiling point of a slow simmering feud. On this date, several high powered mutual-fund executives will convene at the Investment Company Institute in Washington D.C. and reportedly begin a...
Investment Project
Hey all, So I am working on an independent project and was wondering if I could get some help from the people on this board. I have to rank these 5 stocks: JPM , Bank of A, GS , MS, Wells Fargo in order 1 through 5 and to which one I would want to buy the most and why. I just started and so far I...
Interview for Commercial Banking
I have a phone interview for the commerical banking development program at HSBC soon and am wondering what types of questions I might be asked. Given that I'm not exactly sure what someone in this program would actually do, I am unsure of what to expect. I was a SA in S&T this past summer and am...
Wealth Connect
Has anyone heard of Wealth Connect? This guy named Brett Golden has been advertising it on linkedin, efinancialcareers, and other sites, and he's looking for traders and portfolio managers to join. Basically it's a platform that connects professionals with average investors.
Time to Look at Silver
I'm not sure I've ever made two trade recommendations in the same week, but you guys should be aware of this opportunity if you're not already. If you're looking for a long term trade with the potential to return a double, triple, or even more over the next year, you need to take a look at silver....
I want to be a Trader. Am I delusional? Undelude me.
I quit my job in IBD after 2+ years about 3-4 weeks ago. I quit because I hated the job - I did not hate the hours. I hated that I worked for people I did not really respect, that the job was not challenging and was the same old stuff day after day, that there was too much selling/skewing/straight...
Keep playing (one-sided) phone tag with MD
I graduated school last May and am currently stuck in a MO/ BO job at a BB (risk and trade clearing). I went to a non-target so it wasn't as if companies were banging on my door looking to hire me, but I managed to find a couple fixed-income trading MDs on the street who went to the same school I...
Hedge Fund Kings
The Financial Times has recently released their top 10 Hedge Fund manager list, and no surprise here, it’s pretty much a cross section of the funds found on this recent thread . (Which I just found out also has a link to the article… Moving on.) Net gains for investors since inception was the...
Into DXD Calls Again
Those of you who subscribe to my Twitter feed got a message yesterday that I re-entered my favorite (recent favorite, anyway) DXD Call trade. It's not a trade for the faint of heart, but it paid off over a triple last month and I think we're going to see at least a double this month. I bought the...
The Fall of Gekko's Children
“ Give me guys that are poor, smart, and hungry and no feelings. ” – Gordon Gekko Since the dawn of man, rules had been set to measure one’s worth; in the prehistoric era it was one’s strength that dictated whether he was to be a badass hunter or a wussy gatherer, in the Renaissance times,...
How many college seniors do top prop shops usually hire?
Any idea how many college seniors top prop shops like Jane Street /drw/ Getco /jump, etc. hire each year? I heard from some people that Jane Street and Getco are planning on only giving like 3-4 full-time offers this year. Not sure if this is true though.
I am getting killed on options
Long story short, I am up 18% on my long equities but down almost 50% on my call options. However, the stock prices of my options have been rising and they still have a month until the exercise date. Is this typical or do I have a fundamental flaw in my thinking? Is it more logical to buy in the...
Trading @ Louis Dreyfus
I've come to understand that Louis Dreyfus is one of the best places to start trading . BB can be too much paper pushing, the quant prop shops too arcade/algorithmic. Louis Dreyfus gets their traders into the best opportunities to learn - think Confessions of a Stock Operator Does anyone know what...
Friday Morning Monkeyshines
Wall Street culture has always been portrayed by the media as that of greed, ruthless competition, and gross apathy towards others. Nothing could be further from the truth. Fact is your typical Tim Sykes-like douchebag is in the minority, while your average monkey is usually the amicable, fun-loving...
Who do you think are the most helpful posters?
We all know that banana points are skewed and that they are not always an indicator of helpfulness. With that being said, which posters do you think are head and shoulders above the rest? I've been helped out most by: happypantsmmcgee A Posse Ad Esse leverage
Big four or MFE?
Sorry for the impending essay.... I've recently graduated from economics at a UK target uni. However due to illness during my degree I had to take time out, didn't do as well as I should have and didn't manage to get any relevant work experience/internships. I still ended up with a 2:1, but there's...
A True Size Trader
Once you're dubbed a size trader making some heavy coin is a mere by product. Certainly, we would expect anyone paying $172+ million in taxes to be a big time player. Well friends, expectations can deceive. We've all dreamed of running our own book at some point, haven't we? Sitting on a beach...
Insider trading as a credibility measure for marketing activities
I am investigating whether “management (insider) trades add credibility to marketing activities (in this case product introductions)”, thereby I am focusing on S&P 1500 companies with a time span from 1998 to 2009. I already have a data set with management trades for this time span, now I need...
Technicals - Masters in finance
Techincal Analysis... So I just did a masters in finance at a good school, been blasted with maths, stats, EMH (acknowledging some of its minor shortcomings) the law of one price, asset pricing etc. Now I work on a trading desk at a BB all I hear is support, resistance, the trend line, we're hitting...
Jane Street Prop Trading Video. Why use OCaml?
It's interesting to see the level of sophistication that goes into developing a lot of their market making platforms. If you haven't seen this video, you should definitely watch it. The video was probably one of the most interesting and worthwhile hours that I've ever spent....
Funding Desks
Does anyone here know what type of backgrounds traders on funding desks at BBs and large commercial banks have? These desks aren't usually mentioned in the same breath as typical S&T desks as far as recruiting goes and I'm having some trouble figuring out where they get their traders from. Any...
Some Trading Rules to Live By....
As I've been reevaluating performance thus far this year and figuring out what I've done that has worked, and not worked, I decided to revisit a list of principles I started about four years ago when I got serious with trading . I'd love to see people build upon this including the guys with great...
Will trading be here in 10 years?
I know you cannot give me a yes or no answer as you can't see into the future but I hear alittle about the government intervening too much here and will basically kill trading . In 8-10 years, will Trading be a career I may be able to choose from? Yes, im 15 years old, but if you can pls hold off on...
Market Data for Options
I posted a topic on options pricing movements last week and got several great answers do thanks to all who helped out. I'm curious what market data applications and tools you guys find the most helpful and worthwhile. I trade via optionshouse and they don't really have any analytics. I used to have...
VTB Capital
Hi All, What do you all think about VTB Capital? Seems like a major Russian IB , looking to expand its presence in Western Europe and the Americas. My guess would be that, in a few years, it will be like a BNP or SocGen in that regard (in my opinion, sales/trading first, banking second outside of...
Wall St Firm Without Degree
i just have a quick question, is there anyway i can get in a Trading firm like first new york or jane st with out a college degree, if possible what could be possible steps to take. i personally was thinking of calling and asking if i can pay them to train me and prove myself to be of some worth and...
Hedge Funds profit from Volcker
As the populist bore that is financial regulation continues to trudge along, we have early results of predictions most of us made months ago. As proprietary trading by the major investment banks winds down, hedge funds are set to pounce on the available glut of trading talent. In fact, the same...
Trading at Oil Company vs. Bank
Currently looking into these two. What are the pro's/cons of trading oil/nat gas/power at a bank vs. big oil company, besides compensation? Tried search, but no direct answer.
GETCO algorithmic traders
Getco is currently accepting resumes for algorithmic traders. Surprisingly, it does not require a programming background although it's obviously recommended. Has anyone interviewed for this role? What does an algo trader at Getco do? They are also recruiting quants, who are the hardcore programmers....
Banking to S&T
Have a friend looking to switch from banking (Post first year analyst) to S&T . I know the transition from SA banking to FT trading has been discussed, but what about FT banking to FT trading?
E=MC^2
With everything in the world becoming more tech-driven, why does Wall Street continually recruit economics and finance majors? This is a question that has had me thinking alot lately because of the sheer stupidity of this decision. Everyone knows that banking is mostly grind-it-out, ass-kissing work...
EVERY ONE SIGN UP FOR CNBC CHALLENGE PLEASE
Hey http://milliondollar.cnbc.com/ It's the biggest, richest Million Dollar Portfolio Challenge ever! This is your chance to win a cool $1,000,000 a Maserati GranTurismo Convertible Sport and 10 Exotic One & Only and Atlantis Resort vacations. All you need to do is sign-in/register with a CNBC.com...
Trafigura graduate program
Trafigura, the giant commodities training firm, is hiring for its graduate programme. You do a 2-year rotation at either geneva, singapore, stamford, buenos aires. Wondering if anyone has interviewed with them. Curious to know what they're like.
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