Comments (20)

10y
Rumplesmoothspin, what's your opinion? Comment below:

Take some analysts anywhere from 6 months to a year or two. Those taking longer normally get pushed out for obvious reasons.

Also depends on what asset class you aretrading. For commodities, you would generally be expected to do analytics for 1-2 years beforetrading. Its an asset class that you need to know the ins and outs of - fundamentally and technically i.e. shipping routes, ports, grades etc.

信用桌上的知名人士trading他们在那里的三个月内自己的书。超级聪明。

10y
dgvvvrt, what's your opinion? Comment below:

除商品外,哪些产品的学习曲线最陡峭,为什么?哪个被认为“更容易”?如果我们能获得更详细的外观(现场vs forward vs for fx,ig vs)hyVS为信用,物理vs derivs,原油与液体与商品的电源等构建,每个资产类别等)。很棒的信息btw rumple,谢谢。

10y
Working9-5, what's your opinion? Comment below:
dgvvvrt:
除商品外,哪些产品的学习曲线最陡峭,为什么?哪个被认为“更容易”?

I'd say the learning curve is f(x)= 3x^2. What is f'(x)? Haha

If I knew jack shit about FX, but had two stints in commodities and written my thesis on commodities futures pricing. Then FX would be the most difficult to understand. There will always be a steep learning curves if you start from scratch.

我有FICC的家伙在参观股票和衍生品地板时不了解一件事。我上楼也是如此。在开始之前,取决于您在学习曲线上的位置。

CNBC sucks

"This financial crisis is worse than a divorce. I've lost all my money, but the wife is still here." - Client after getting blown up

  • 1
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10y
Rumplesmoothspin, what's your opinion? Comment below:
dgvvvrt:
除商品外,哪些产品的学习曲线最陡峭,为什么?哪个被认为“更容易”?如果我们能获得更详细的外观(现场vs forward vs for fx,ig vs)hyVS为信用,物理vs derivs,原油与液体与商品的电源等构建,每个资产类别等)。很棒的信息btw rumple,谢谢。

It doesn't make sense to compare, for the most part.

Commodities might have a steeper learning curve but just look at what you can trade within that asset class. Generally the有些人的共识friends was that metalstradingwas easier than say emissions.

On theFIside, have a friend who interned in complex IR options but went toHYcreditFT,发现后者更容易。

It really depends on how quanty you are. A math/econmajor should be okay on most desks. If you majored in political science,tradingindices might be harder.

Just to make my point, back to commodities for example. No one can say its easier to trade physical vs middle distillates vs heavy because each trader will specialise in a certain product. Same goes with power and gas, depending on the what hub you aretrading等等,你有货物tradingwhich, again, widens your scope for what you can trade.

10y
BlackHat, what's your opinion? Comment below:

6x, c'mon.

I hate victims who respect their executioners
10y
Working9-5, what's your opinion? Comment below:

@BlackHat You've found how steep the learning curve is. Hahahaha

CNBC sucks

"This financial crisis is worse than a divorce. I've lost all my money, but the wife is still here." - Client after getting blown up

10y
TedMosby, what's your opinion? Comment below:

What's usually considered the most quantitative desks? I know it's probably structured products, but what other desks?

10y
englandwales, what's your opinion? Comment below:

It depends. I have friends who started taking risk atBBsin London after 5 months because the guy previously on the desk had been fired and they needed someone to take over. On the other hand I also know a guy who has been shadowing for over 8 months now without taking a position!

10y
tdr34, what's your opinion? Comment below:

It really depends. I was fortunate enough to run my own books after about 2 months.

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard.
-30 Rock

10y
Macro Arbitrage, what's your opinion? Comment below:

I got to manage a large cap equities and equity indices derivatives prop book within 2 weeks of a boutiquetrading在我大一暑假实习。尽管它佤邦s a small book ($50K), but I had a blast. I believe three key factors contributed to this, bounced multiple ideas off the traders, kept bitching about the fact that I'd suck as a sales trader and most importantly, the desk head was poached by aBBto head their cash equities desk so he was willing to take a risk on me before leaving. This was a while back, but I'm still confident that it's still possible.

8y
DeepLearning, what's your opinion? Comment below:
Macro Arbitrage:

I got to manage a large cap equities and equity indices derivatives prop book within 2 weeks of a boutiquetrading在我大一暑假实习。尽管它佤邦s a small book ($50K), but I had a blast. I believe three key factors contributed to this, bounced multiple ideas off the traders, kept bitching about the fact that I'd suck as a sales trader and most importantly, the desk head was poached by aBBto head their cash equities desk so he was willing to take a risk on me before leaving. This was a while back, but I'm still confident that it's still possible.

You managed an actual book as an intern?

8y
ABC15, what's your opinion? Comment below:
Macro Arbitrage:

I got to manage a large cap equities and equity indices derivatives prop book within 2 weeks of a boutiquetrading在我大一暑假实习。尽管它佤邦s a small book ($50K), but I had a blast. I believe three key factors contributed to this, bounced multiple ideas off the traders, kept bitching about the fact that I'd suck as a sales trader and most importantly, the desk head was poached by aBBto head their cash equities desk so he was willing to take a risk on me before leaving. This was a while back, but I'm still confident that it's still possible.

50,000 dollars or 50k dv01?

  • 2
8y
snipez, what's your opinion? Comment below:

It can probably be a lot quicker on a funding desk given the generally lower risk products and dual financing/PnL mandate. Startedtradingrepo- 无聊的资金 /覆盖短裤 - 第二周。交易3个月repo specials(hard-to-borrow securities whose repo rates actually move more than a fewbasis points)。在两者之间淡出了一些moves in eurodollarfutures when talk of tapering began and market began pricing in probability of rate hike in 2014.

From the traders I've talked to with former bankprop tradingexperience in fixed income, there are analysts who begin trading within 3 months and those who are still not ready to trade after 2 years. Outside of mastering basic responsibilities, those in the former camp understood the products, were capable of generating good risk/reward trade ideas, and did a lot of homework to really have a view before acting on any trade idea.

  • 2
8y
sb842, what's your opinion? Comment below:

between a few months and 4 years. Depends on you, the firm, your desk, market situation. commodities usually takes longest, because you need to understand physical movements- but it's more interesting and complex IMO. Really vanilla electronic, standard things you could betradingvery quickly...but the downside is you're trading something not that exciting and you're easier to replace.

8y
Macro Arbitrage, what's your opinion? Comment below:

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