financial desk 說說進來後的事吧

Head thread   financial desk  說說進來後的事吧

我看這些年雖然中國人多了，但進來後還是作業做的不夠。其實中國人
進銀行的１０個有8個想做Trader。可是我看那些印度佬早就把各個desk
搞得門清。肥的地方一天都有N
個人在那兒轉悠。可同胞們好像都是進來以後才想起來，開始做作業，
研究各個desk。等研究完了，人家的rotation都搞定了。隻好等第二，
第三個。等你開始rotation的時候，人家都已經和deskdeal了。不要相信
HR說的rotation完再統一選擇之類的鬼話。我從來就
沒見過好的desk前兩個rotation沒有搞定的。所以諸位有offer的，拿到
就開始做作業吧。好的差的desk實在是差別很大的。還有就是quant或
research想轉trading的，進來前最好先在trading desk認識些人，至少
sponsor個rotation啥的。或者進前就拿你的
offer去騙trading的offer。進來後轉其實是很難的。

Selected response
lachlan
it doesn't matter... the trader deals directly with money; they talk to the
brokers, they talk to the counterparties (especially for exotic products the
 relationship with counterparties is extremely important)... the trader not
only makes money from directional orders from the quant or system or
whatsoever, they also make money from the spread (bid-ask). after all,
trading is a business, and that's why traders are important.

老兄, trader needs a lot of communication skills, but most of chinese lack
of it.

看一個 trader 寫的書從中發現 what is communication skills means

Relative response

it might be true for middle office research.
also it depends on desk, in some area, trader need to seriously follow desk
quant's input to make money and control the risk. in some other area, quants
are like accessory

vp is a very junior position. The reason trader can not trade what they
trade is that each trader has his/her own mandate, meaning they are hired to
focus on a specific market. Prop traders can look at relatively more
markets.

總結一下看對不對:
In an IB:
vp,md:    decides what to trade    $$$$
trader:    decides when and how to trade   $$$
quant:    helps trader model when and how   $$
quant developer/IT:    program software for quant $

Clear, traders trade.  But in IB doesn't the trader follow the orders from
research guys?  I guess my question is which of these is correct:

A. trades come up with ideas to earn money for the bank and hire quants/IT
to model and provide advice, Trades are bosses and quants are kinda
intellegent slaves or   this is answer

B. Quants come up with ideas to earn money for the bank and hire traders to
execute them. Quants are bosses and traders are just blind executers.

Research are for client...they write those reports to attract client trading
, not as a guide to internal traders.

Answer is A  in most of case, the only exception is program trading. Normally, the
issue is raised by trader because the current models deviates too much from
live prices or can not price certain products correctly. so trader sit with
quant to find possible solutions. Quant then implement it and have the
solution tested by trader. In the end, the analytical tool becomes a monster
 with so many parameters which even qaunts do not fully understand. So bank
has to pay dearly to keep 1 or 2 key quants who still understand the whole
architecture.