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Daytrading and Dark Pools - Electric Boogaloo
So this is a pretty interesting article on the inner workings of major market makers and their relationship to the market: Special Report: For Wall Street, dumb money pays http://news.yahoo.com/s/nm/20101217/ts_nm/us_mark… In particular, securities regulators are taking a closer look at the...
WSO Magazine Idea
Dear Monkeys, I had an idea that I emailed Patrick but most likely got filtered to spam and therefore thought I would post it to get some feedback. A WSO monthly magazine for WSO users by WSO users. The idea is that at the beginning of each month a couple broad ideas are set out and monkeys can...
Legit or not?
I was looking at 2nd semester internships and stumbled across a firm named GPS Capital which is headquartered in Utah but is opening a small office in Boston- their first office on the East Coast. From what the guy told me and he seemed very nice, is that they're interested in hiring a few interns...
Banking to a Hedge Fund or Trading? Help!
Hey guys, I'm working at a BB after graduation doing banking but am not interested in banking for the long-run. I have two questions: 1) How should I go about deciding between trying to work for a hedge fund and working on a bank's trading desk? 2) If I want to get into trading at my bank, what...
Newer books like "Rise & fall of LTCM" and "Liars Poker"
Both books are dated, but talk about the 90's and 80's. Anything out that's similar in style but focusing on the past decade?
S&T SA Resume Review - Appreciate any feedback
I have made many changes to my resume since the last time I posted it to WSO. I visited New York and got a ton of great feedback to help change my resume. Specifically, I did lots of condensing to make the font size larger and more readable with concise points. I would appreciate any and all...
Markets are Going Craaazzzyyyy!
Buy while you can boys and girls. Let the free money ride!
Last Week's Market
Last week's market seemed crazy to me. I made some pretty decent returns just day trading equities and ETF indexes (although I honestly don't know what my sharpe ratio was on the portfolio - if anyone has any good calculators for that that would be awesome). I'm just wondering what people think of...
How much can a headhunter help you?
After a good year of banging my head against the wall and cold-emailing/cold-calling firms to try to break into trading , I lucked out and got a friend to connect me with a direct link with a recruiter, with whom I will be speaking next week. I'll be frank about my own quals: 1. Don't know a...
traders per MD
Typically how many traders are there per trading MD? Does the MD sit right there on the trading floor next to his team? Does the MD 'own' sales and research also or are they managed by separate MD's?
Working with a 5yr old
I'm in research and been working in the finance industry for about 4 years. Worked at prop shops in chicago/ ny . I recently came into a roll with a new boss. Jeez she sucks. How do you deal with someone who acts like a 5 year old kid. Literally criticizing everything you do and not providing any...
FI deriv ops during the semester
hey guys, i'm a rising junior and have already applied as a summer analysts to all those banks out there trying to get my foot in the door. my question is, how useful would a FI derivative ops internship during december and subsequently during the semester be for my search for a SnT summer analyst...
Blind JP Morgan Trader
Just inspiring: http://dealbook.nytimes.com/2010/12/02/managing-r…
WSO trading guide
Hey guys, just wanted to know if anyone has an opinion on the WSO trading guide. Does anyone know if it will provide a good framework for learning how to trade a personal account. It seems that the guide isnt mentioned too much around here, so I cant find much info on it. Does anyone know what is...
What will trading be like in 10 years and age questions
1) Will trading be a viable career in 10 years or will it all be quant stuff? 2) Can someone with no trading experience who is in his low 30s go through the training program or is this very unrealistic?
Options Trading Scenario
Looking for advice on this scenario regarding equity options: Let's say you have a position, for sake of explanation let's say $ 10k , and it goes down 30% and is now worth $7k. If you're not going to close out and take the loss, is it advisable to roll that $7k into a lower strike position to...
Trading Stats Maths self fulfilling prophecies?
Anyone else getting the impression that the only reason the maths/statistics of the pricing models used by the industry work, is because everyone else is using them, and it turns into a self fulfilling prophecy? It just seems like a "good buy" is labelled as one just because your model will tell you...
Dirty Trading Puzzle
Three men and one woman have two condoms. How can the group have three safe heterosexual encounters such that all the men are satisfied?
Dirty Puzzle
Three men and one woman have two condoms. How can the group have three safe heterosexual encounters such that all the men are satisfied?
Career is a trainwreck, what are my options?
Firstly I will preface this by saying that I am in need of some advice and I value any input. It is my dream to work in the trading floor as a trader or structurer. I am from the UK, I graduated in 2008 with a 4 year maths degree from imperial college. I obtained a first and the degree is basically...
Trading Internship - Engineering student in Montreal
Hey guys and girls, quick question: What do trading internships consist of exactly? I'm an Engineering student in Montreal and am interested in trading. I've been trading my own account for a couple of years. Which firms hire for summer trading internships? Should i go to the big 4, or boutique...
Insider trading investigation?
http://finance.yahoo.com/tech-ticker/massive-insi…- trading -investigation-could-nail-wall-street%27s-biggest-names-535640.html?tickers=C, GS ,XLF,FAZ, JPM ,BAC,MS What do fellow monkey's think about this? Better Research v Insider Trading?
Economics Majors in Trading
I'm curious to know how great someone's chances of getting a job trading (fx or commodities) would be straight out of good but non-target school with an econ major, and perhaps a minor or medial concentration in statistics. Thanks
Non Target Resume advice - No FT recruiting offers
Unfortunately no ft recruiting offers probably due to non target? Or is it something else? Looking for trading , ER or IM/ AM http://www.razume.com/
Offer decision - Two offers
Currently have two offers, and would greatly appreciate any help or insight: One is for S&T analyst at a middle market bank not in NYC . Desk selections happen later, so I could get S or T (most likely sales from what I understand) and I could end up on any desk. Other is with the Asset Backed...
Energy Rodeo All Star Line Up
Ok ladies and gents, the Energy Rodeo is fast coming up and, if the motivation to learn from industry professionals and insiders isn't enough to make you want to come down to Houston, maybe this will be. In addition to all the great things the Rodeo provides, some of your favorite WSO posters and...
2 years out of UG
People keep telling me to go to grad school. Or that I'm too old. I'm 24 for god's sake. I want to be a trader. I want to make money and I know I'd be damn good at it too. That is all. Just needed to bitch
S&T Resume - Tips or tricks?
I've been applying to S&T positions at MM Chicago prop shops without much success. I'm trying everything I know in order to network and have been updating my resume as I get more feedback. Anyone got any tips or tricks? Thanks Monkeysama Resume: https://docs.google.com/viewer?a=v&pid=explorer&c…
You know you're in trouble in a trade when...
You know you're in trouble with a trade when you start listening to Lenny Kravitz's 'Are you gonna go my way' in an attempt to will it in your favor. Add your personal favorites/experiences. and not you 50 share trading ameritrade kids at home.
my situation, will paypal $30 to most complete answer
This is probably going to be a four-part question so get ready.
Networking vs. Stalking
Ok, dumb dumb question. I'm interested in becoming a trader and so I'm trying to get in contact with as many people at the firms that I want to work in as possible. So I've done linkedin, facebook, emailed all the recruiters I could find etc. This is after I've applied on the site and not heard back...
Visiting trading floor
I got invited to visit a desk and the trading floor at a BB . What would be some good questions to ask? What should i wear... i know many places chew new recruits out for wearing suits, should i not wear one then? What would you guys expect from someone visiting your desk to get to know your product...
Advice for entry-level Instit Sales seeker
I'm new to this site, but have been following a somewhat regular basis and enjoy what I read. I am looking to enter in the Institutional Sales world on either the equities or fixed income side at preferably a MM /boutique bank (dont care if the deal size averages $15mm or $250mm; Im looking for...
Energy Trading - Interview tomorrow with a boutique
I have an interview tomorrow with a boutique energy trading shop as an entry level trader. I'm coming from consulting and have very little idea of what to expect from this process. Any insight on what types of questions may be asked, best practices for this type of interview, etc. would be...
E-commerce desk?
Hi all, I have an interview with a BB for fixed income trading e-commerce desk. But I have little idea on what the e-commerce desk is and what are they doing everyday.... Could anyone give me some insightful idea on what exactly it is? Really appeciate for your inputs!
Top10 MBA from Sales/Structuring role?
Hi, how would you guys evaluate the chances to get into a Top10 MBA program after 2-3 years of work experience in a Sales/Structuring role in either of these banks (UK based): 1) Citi 2) SocGen 3) BarCap 4) DB (any differencesbetween those at all?) MBA mostly seen as possible exit op to transfer to...
ETFs caused May 06 Flash Crash?
Saw this interesting article. I don't personally know all that much about ETFs , but I was wondering what you guys thought. From the Financial Times: Kauffman: ETFs are the problem, not HFT Posted by Izabella Kaminska on Nov 08 21:00. Finally, a report that dares to outline the previously-taboo:...
Best MBAs for BB trading
Name says it all folks.. What are the best MBA programs to foster a career in trading ? Cheers.
Resume review for trading internships
http://www.razume.com/doc/3/90ec61c6-ad59-48ad-96… Trying desperately to find some local trading type internship prior to the summer. I've found a few that do some limited amounts of trading and am trying to get my foot in the door. How does my resume stack up for trying to get in at a prop firm...
BANK PROP TRADING
i have heard that prop trading is still alive, thanx to Bloomberg. I am not sure and wante your professional opinion. IS it alive and hiring.????
Resume critique---S+T
am a junior looking at S+T sa role--- questions- only have a 3.3. overall GPA,,,havent been listing it since my major is a 3.6 should i be? also, i received a return offer from the bank in ny should I list this on the resume? thanks http://www.razume.com/documents/17486
Impact of Legislation on HFT
What do people think about the potential affects of legislation on the future of high-frequency trading and algorithmic trading firms? How will algorithmic trading firms battle this and how will this cut into their profits? How substantial will the hits in profit be? Will this legislation have much...
How did you do in college?? Is it what you know or who??
So i was wondering to all of the current wall street workers here...and those trying to get there...how was your college experience? What did your grades look like? Were you the life of the party or the life of the library? Do you regret anything you should have done, but never did? Also in terms of...
Reuters sponsoring record setting race across the south pole
So we had some of our Reuters reps come into the office yesterday discussing the same old stuff. However, at the end of our conversation one of the sales reps mentioned a competition in which one lucky reuters customer could win a seat on some arctic amphibious assault vehicle that was going to set...
Trading Vs Engineering
Has anyone heard of engineers, undergrad MS and PhD level, (electrical, mechanical, computer science) being able to ensure themselves the same lifestyle as the average equities/ fi trader or analyst? It seems that all these undereducated (just BA,BS) degrees which, while very intelligent, haven't...
Paper Trading - Best Site?
whats the best site for paper trading ..needs to be across asset classes (bonds, options, futures, forex, etc) I want to have one admin (who executes all trades) and then allow everyone else to login to view portfolio and history with a login Any ideas?
WSO Interview Guide
Hey, does anybody know which WSO guide I should get for an S&T Interview? And what are your thoughts on the WSO interview guide.
Sophisticated Family Offices
I was wondering if anybody knows who are some of the most sophisticated players in the Family Office space. My dream job would be running my own family office (I'm not sure you can even call that a job) and I was wondering if there were any good examples of particularly sophisticated family offices...
New guy with a question.
I'm currently a student studying oil and gas engineering. I'm trying to learn as much as I can about finance. I've read multiple times that you should be able to work well with excel and C++ for trading . I can understand excel but why C++? Would any basic programming language be sufficient like say...
Matlab as a quant language
How useful is Matlab as a quant language if it is the ONLY one you know? A friend of mine who went quant 7 years ago said that you really need to know C++/C# or java these days to start adding value to the blocks of existing code at most jobs you'll run into. An AM friend said it was fine: know...
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