Traders Train

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The goal of Wall Street Oasis’ Trader's Train is to give our users the best possible snapshot of life in sales & trading, from internships and recruiting to compensation and career progression. Working towards that goal, we’ve created a <a...

Hi, Would anyone happen to know what sort of energy/commodity trading does the BB have. GS supposedly have more 20% of the commodities trading market, and a considerable portion of the trading profit comes from the commodities trading department, just exactly what sort of trading...

Can anyone here tell me what the energy industry thinks of Dr. Kent Moors of Duquesne University? Specifically: how is he regarded by crude oil traders? I ask because he's increasingly on Fox News preaching visions of doom and gloom. All fine and well. Sometimes, as in the case of...

Can someone please explain to me exactly what agency- only trading firms do? Thanks in...

I will be working in Nomura's Global Markets division this summer. I was wondering if anyone had advice on what I could do to prep for this internship in the months ahead of summer? Tips from any past SAs will be helpful (even if not in Nomura) Did anyone intern at Nomura last summer? What...

Does anyone know who the big players in credit derivs are these days? I'm guessing the synthetic CDO stuff is dead, but what about CDX, options on CDS/CDX, etc.? All I've heard is JP Morgan used to be really...

Hi everyone, I am currently a junior who will be doing S&T at a BB this summer. I am having a problem with my boss from my previous internship and am wondering how much damage he can do. Here's the story: Basically this guy is a paranoid asshole who runs a small private wealth fund in...

So I already have an offer to be a trader at a prop shop in Chicago but I recently got a call from a friend at RBC and he offered me a job as a quant in their cash equities execution division. Now the RBC job is in NYC and I am not sure which one I should take. Any advise would be very helpful....

So I stumbled onto this article earlier this morning and figured I would see what people have to say about this line of work. http://www.businessweek.com/news/2012-05-09/lutnick-seizes-las-vegas-with-cantor-fitzgerald-s-bet-on-sports Cantor is running sports books all over Vegas, and making...

Hi I can choose 3 rotations for my summer internship and I was wondering which ones to choose? Rates and FX trading? Cash and Equity derivatives trading? FICC structuring? Equity derivatives structuring? Prime brokerage and delta1? I also want to know how much math is required for structuring I...

I'm currently finishing up my freshmen year at a midwestern target (NU/UC) and am interested in going in to physical trading at Glencore/Cargill/Trafigura. I was wondering what types of internships would be best for positioning my self to eventually get a job in ops at one of these shops....

[quote=WSJ]J.P. Morgan Chase has taken $2 billion in trading losses in the past six weeks and could face an additional $1 billion in second-quarter losses due to market volatility, Chief Executive James Dimon said Thursday in a hastily arranged conference call after the market closed. The losses...

Hi, I am a finance grad from a canadian Semi-target with a 3.8 Major GPA. My career aspirations is to become a trader even though the trading industry has had its down turn and bankers are spinning off their prop desks. Currently I am studying toward my CSC and Level 1 CFA. ...