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What is trading like at ibanks or places like blackrock?
Just out of curiosity, what is trading like at i-banks or places like BlackRock? Is it different from proprietary trading at Jane Street or DRW? Does BlackRock do day trading or is more long-term investing? do they trade derivatives too? Thanks
UBS S&T Compensation
(Long time lurker, first time poster). Hey all, can anyone tell me how much UBS pays out for traders in comparison to other bulge brackets ? Thanks!
CMO vs CDO trading desk
Have CMO trading desks been hit like CDO trading desks? Given the CDO's protect against defaults, and the housing crisis was due to the large number of defaults CDO's tanked. CMOs on the other hand protect against pre-payments of which not much was happening since many were defaulting. I would...
The Leverage Academy for S&T?
I have heard a lot about the training programs for Investment Banking and Financial Modeling but really nothing about training for trading. I know there is always paper trading but im thinking more along the lines of programs similar to the ones for IB only for Trading. I saw that the Leverage...
Structured vs Flow trading
What Does The Future of Trading Hold? While there have been many headlines about the impact of automation on trading, it’s still early days. Retired Certified Private Equity Professional @derivstrading" provides his insight on a few WSO questions. Impact of Automation Who thinks the roles of flow...
2010 Bonues reports
Where are S&T bonuses for all the BB 's reported? This article states GS 's bonus pool: http://www.bloomberg.com/news/2011-01-19/goldman-… Im interested in how other banks decided to compensate employees.
Stuck and need advice
Long time lurker, haven't posted much. I graduated in May 2008 from a non-target, Finance major 3.2 gpa. Been working in wealth management ( MSSB , ML , UBS ) as basically a sales/service assistant for a little over 2 yrs. Never wanted this position but took it figuring it would be better then...
Profesional development courses at BB's
Some BB 's offer courses in professional development, they train you how to speak, act and the the most convincing BS' ER you can. What are other courses/classes/groups offered at the BB's which work to enhance an individuals soft/hard skills?
Experience for sell side trading job
What quant. analysis skills can be used in a buy side trading position? What kinds of forecasting models can be used?
The Rationale Behind the Name - Morgan Stanley
So Morgan Stanley have surprised me with a first round interview 5 days before the date and so I am currently in preperation mode as I know next to nothing about the company. As far as my research tells me , I am only able to find information from a Culture point of view, that they are able to...
Sophomore Interested in S+T...Where do I look?
Okay, I'm kind of flipping out because deadlines are coming up and I have no idea where to look for places to apply. I applied to the BB banks that had sophomore programs, but I don't stand a chance due to my lack of experience and networking. So...where else does one look for more local/smaller...
Energy Markets
Following Midas's review of commodities over the past week or I figured now would be a good time to visit the idea of a more in depth discussion of the energy markets. 10 days ago I posted my first topic about my thoughts on why natural gas was overbought (February contract specifically) in the...
Energy Risk Management
I am an engineer am starting my second year of MBA this spring. I have been concentrating in Energy Risk Mgmt to transition from engineering and break into S&T in Houston. My dilemma - I can tailor my program to concentrate solely in ERM by taking electives in Energy Futures, Swaps, Options,...
BB phone interview question
Hi everyone, My phone interview with a BB today is with their COO. Can anyone tell me, is this an especially good sign for me? Or is this normal for interviews? All my other 1st round interviews were with associates... I'm just curious. Thanks :)
Explanation of Banks' Rankings in Product Areas: "We're #3 in Munies"
Had a conversation with am institutional municipal bond salesman from a regional bank today. When a salesman says something like "We're #3 or #4 in munies and #10 or so in agencies," what kind of metric is the ranking he is speaking above measured against?
Buy Side VS Sell side trading
Is it better to be a sell side or buy side trader? I imagine this varies for different positions but lets say something basic like equities. With the huge reduction of prop trading for big banks, is the sell side limited to just market making and execution trading ? What is the comp for execution...
Graduating soon, trading/investment opportunities
I have an amazing appetite for investment/trading related literature and have recently found success by sticking to certain industries and a strategy. I started trading mostly stocks (sometimes options) in 2009 using my parent's account and compounded money at a startling rate. I know that a rising...
Let's talk LNG trading
With many of the BBs and smaller houses jumping onto the LNG trading bandwagon traditionally dominated by the oil/gas majors, what do you think of the prospects for LNG trading in the future? And will the majors continue to control the market for the mid to long term? I'm in the industry and am keen...
Forward Trading
Hello guys, one of the desks I am intervieing with is forward trading ? Does anyone give me some impressions of how to trade forwards? Whats essential here? Basic things to know? I always thought forwards flow would be tiny. I am fit in option theory, so anything u would suggest me to look through...
Market Making Simulator
Thought some of you would get a kick out of this, make sure to post your profits. mine: 326 euros Market Making Simulator
starting a business vs. trading
Hi I'm a sophomore at a target school in NYC , and have thought trading as my career going forward. But then I also have wanted to run a company, be in charge on the process, meet people, build something from nothing, and make mucho cash. As I read various articles, books and threads, I am beginning...
£100 Betfair Experiment
I have been wanting do this for some time, and finally have decided to risk some money on the idea. I have always believed (and many psychologists agree) that people tend to overestimate the probabilities of low chance events, and underestimate the probabilities of high chance events. Since sports...
2010: US and UK Yield Curve Data
So I was doing some research looking over what has happened over 2010 with the US/UK yield curves (post coming soon), and figured there were monkeys out there who could use the data for interview prep etc: Yield Curve Data Its the yield curves for gilts and treasuries at month end/mid month (ish)...
BB Algo Trading Group Salaries
What is the comp for entry (and low experience) positions in Algo trading in BB NY banks? (ie positions from salesman, quant, developer etc)
Am i smart enough?
Hi Guys! I'm starting to get a little bit worried about my future. Basically, I don't have much in the way of formal education. I had a tough time during school for personal reasons and therefore didn't achieve a great deal at the end of my GCSE's / A Levels. I'm 21 now and have just started a...
CV boosters for banking, wealth management etc
I have a BSc (Hons) Economics (2:1) and am currently studying for a masters in Finance (both average universities) I have got no work experience except for part time (not financial related). Extra curricular activities are sport etc, just the normal. Is there anything i can do in order to boost my...
Trading vs IBD for Distressed Fund in Asia
For joining a distressed hedge fund focused upon investing in Asia: would a IBD analyst role (involving say 80% IPO , 20% M&A deal experience) a distressed debt trading analyst role have the upper hand in applying for an investment role with the fund? Thanks.
Uranium in play for 2011?
Happy New Years! Now that we have that out of the way, let's talk trading. I've been looking at several Uranium stocks. A lot of reports I've been reading have pointed to Uranium being an incredibly hot commodity in future due to explosion of the BRIC countries and America's Go Green! campaign....
Actually following stocks to prepare for ST interviews
To prep for ST SA interviews: I read the WSJ, Seeking Alpha, FT , Bloomberg very extensively on top of watching Bloomberg and CNBC. I know all the general macro trends: unemployment, QE2, euro zone crisis, housing indexes, manufacturing indexes, Chinese tightening monetary policies... I also have...
How do banks make money off swaps?
Swaps OTC and over exchanges are designed so that the expected value of the swap is 0. So for example, if you do an interest rate swap of a fixed payment for LIBOR +50 bp, then E(Libor+50 bp)=fixed payment. If you have a variance swap E(realized variance)=strike. How do BBs make money by initiating...
Masters in Math? for trading?
I am finishing up my bachelors in math, and i can start taking grad classes while still working on my bachelors, and it wouldnt take me much longer to get a masters. While there are definite benefits to having a masters, would this give me a leg up in trading at all? and would it be more beneficial...
whole loan Vs Subprime securitization desk
What exactly is the difference in trading these two products? What other products fall under Mortgage trading?
Possible Trading Resume, Target School
Hi everybody, Recently I have been attempting to find a field where I could apply my quantitative skills and thought trading might be a viable option. If possible could you both: 1. give me tips on how to make my resume more geared towards trading. 2. If you think it's too difficult for me to get a...
How do i strengthen my resume? (trading)
First of all I want to say happy holidays to everyone and I appreciate all of the good discussion here in the trader's train section. There are some really helpful people here. I want to be a trader (quantitative/algorithmic) and I would appreciate any advice you all can throw at me. A little BG...
Beginning to Trade
Hi I'm just wondering how to start trading, I read bondarb's post on futures but thats for people with access to interactive brokers, I've never traded before and I'm currently in a sophmore in canada. would I be only able to trade equities in my position? and is it a good place to learn the ropes...
commodities
Hey all, any one here trade commodities?
go ahead and destroy my resume
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Cheers to WSO
Just a shout out to everyone on this site for a job well-done. I've only been here a few months, not even, but have learned a few things, been entertained quite a bit, and have had complete strangers address questions and issues in addition to giving me advice when asked. I think this is a great...
Short Term Trading Desk
An MD I was speaking with mentioned they may have positions on their Short Term Trading Desk. Is it safe to assume this may be the Securities Lending/ repo Desk or is there something I am missing? Thanks
CIBC vs Scotia--S&T in Canada
Which is more reputable? Are there league tables for Canadian banks in Sales and Trading?
Sales AND Trading Recruiting Does Not Makes Sense
If Sales and Trading requires such different skill sets, why do they recruit them together?
S&T Internship Resume
Hey, I go to a target and I am going to be looking for an internship this summer. One of my degrees is redacted because its (I think) unique to my school, and obviously the gains on my portfolio are what it was at when I wrote it and it will be updated in January....
High Yield and Investment Grade bond trading
What are some trading strategies of these desks? 2. Do they rely on fundamentals (does that even apply?) 3. How much client interaction/flow do they have? Or is it more like a credit derivatives desk which doesnt have that much client interaction? 4. If Yields are currently low, prices are high, how...
Blacksheep Capital Management
http://www.bscim.com Anyone hear anything about these guys? Is it a 2guy operation or something with a future?
Summer Internship Diaries & Day/Week in the Life
Hi monkeys, So the WSO mag idea had some holes in it that didn't make it a viable idea. I still think that it would be resourceful for prospective applicants to have a downloadable collection of summer internship diaries/day in the lifes that won't clog up the boards. If anyone is interested in...
S&T Contact List?
There was a contact list of 200 IBD contacts a while ago. Thread can be seen here: //www.wallstreetoasis.com/forums/wall-street-mentor… There were some noises being made of a similar list coming out for s/t and was just wondering if that was still an ongoing project or being considered. Thanks...
Picking a major-Classical Studies vs. Econ
I've been trying to decide what to major in...i like econ a lot but I feel that by being a varsity athlete at duke, it will be very hard to get a high gpa with an econ major due to time commitment, training, and general fatigue. Therefore I am thinking about Classical Studies. Studying these...
HK S&T SA 2011 Thread
Looks like banks in the region are starting to recruit for summer analyst positions. I was thinking that it would save all of us some time if we post any progress here. As far as I know, GS , MS, JPM and BarCap have given out first round invites. Anymore?
Canadian markets
Hey WSO , I'm curious to know who here invests in Canadian markets. Here are the stocks I currently own: PEM - Premium Exploration MDL - Medallion Resources AXE - Acceleware Corp. ESO - ESO Uranium Corp. ARK - Archer Petroleum MAA - MagIndustries (Getting rid of this one next week probably) SEY -...
Guys I need help with IRS related
Mods, if this isn't an appropriate section please move to trading but I figured my fellow IB peers can help me on this. For the tax year 2009 I did some personal trading, and I just got a revised statement saying my 1040 wasn't correct and based on the revised figures I owe x amount more if the...
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