Repo trading?

Anyone do repotrading or know anyone who does? Would love to hear information with respect to day-to-day (I'd expect it's quite flow-y), WLB, job security / long-term progression, comp profile over time, etc. Surprisingly little about this spot despite it being a liquidity center for banks - as I understand it many of these desks have mandates at times not tied toPNL也许如此这驱动了一些“缺乏声望”。

评论 (11)

8mo
Rhall1, 你怎么看?以下评论:

我知道一些人在BB. lots of action happening in broker markets so the broker connects are definitely an upside, pay/hours err to the lower side in trading but obviously still more than enough for decent traders.

8mo
Dawg-nuts, 你怎么看?以下评论:

回购交易相对容易接触,并且并不需要您承担任何专有风险;这是一种祝福,因为您一直有时间学习您想要的一切而没有压力工作安全。在预期奖金方面,它的贸易台低于平均水平,尽管它可以在整个地板上产生最大且一致的PNL之一。几年来开始的好地方,但不要呆太久,尽管有些个性非常乐意留在稳定的桌子上,例如回购交易。

Banks with biggest commercial branch are the biggest market players, as they have the资产负债表和同行促进业务的风险限制。

There are a lot of relative value focusedhedge fundwhich leverage through repo market, so a seasoned repo trader can add a lot of value for a PM, which sets up a good entry point for you into thebuy sideand develop further from there, if that's what you wise to pursue.

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最有帮助的
8mo
Dawg-nuts, 你怎么看?以下评论:

Really depends on individuals and how "curious" they are about the market. Most repo trader I've met are happy with their role; there are always ways to take ownership of the repo business, by expanding client base, expand product offerings (pioneer into credit repo), you CAN take proprietary risk (but understand that on fx spot desk for example, you are forced into taking view every minute and can often change on headlines, the mind set and risk taking appetite is very different; in reality it is much lesser grand, but you will never find out if you stay only in repo trading), and you can be incredibly technical and engage ideas with clients etc… it really depends on how you want to take it.

No matter what product you trade, people tends to get a bit bored facilitating the same flow business after a few years, and the learning curve for repo trading is obviously shorter than the likes of rates options trading for example. So moving desk will open ideas to you and learning from different traders, but once again, it really depends on what the individual want.

One other thing I forgot to mention is that, somebuy sidefund are already establishing their own repo trading desk to access better liquidity during market stress, so there's another opportunity to move to buy side there.

6mo
FamaFrenchFries, 你怎么看?以下评论:

Repo从字面上看,沃尔克的豁免是从技术上讲,您实际上可以真正可以支撑交易的地方之一。Afaik大多数(> 80%)的回购PNL在借口上要在各种碰撞上处于位置。根据费率,客户需求,宏等。唯一的缺点(可能是一个上行)是在短裤上借用借口,使其他所有人都在地板上不喜欢您。

  • 分析师1inIB-M&A
7mo

我假设回购市场如今越来越“有趣”,随着所有速度的提高和整体宏观波动。

6mo
FamaFrenchFries, 你怎么看?以下评论:

Fed providing liquidity closing spreads, bad for PnL.

7mo
normalpeople, 你怎么看?以下评论:

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