financial desk 说说进来后的事吧

Head thread   financial desk  说说进来后的事吧

我看这些年虽然中国人多了，但进来后还是作业做的不够。其实中国人
进银行的１０个有8个想做Trader。可是我看那些印度佬早就把各个desk
搞得门清。肥的地方一天都有N
个人在那儿转悠。可同胞们好像都是进来以后才想起来，开始做作业，
研究各个desk。等研究完了，人家的rotation都搞定了。只好等第二，
第三个。等你开始rotation的时候，人家都已经和deskdeal了。不要相信
HR说的rotation完再统一选择之类的鬼话。我从来就
没见过好的desk前两个rotation没有搞定的。所以诸位有offer的，拿到
就开始做作业吧。好的差的desk实在是差别很大的。还有就是quant或
research想转trading的，进来前最好先在trading desk认识些人，至少
sponsor个rotation啥的。或者进前就拿你的
offer去骗trading的offer。进来后转其实是很难的。

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.

看一个 trader 写的书从中发现 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.

总结一下看对不对:
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.