Recent content by klyveld

As an update after going through the job application process - I don't know how trading desks classify what comes under what branch, but the Bookrunner position I speak of, at least at this IB, calls itself the Exotics team but manages vanilla IRS, swaptions etc as well as exotics.

Hello volpunter, My apologies for the late reply, and thank you very much for sharing your insight with regards to my question. I was initially worried it would be like a trade support or settlements function, but after reading you're post in conjunction with some other fora, I dedicated my...

Hello guys, May I ask whether an Exotics Bookrunner position (for IR products) which is classified as being in middle office , be a useful stepping stone towards exotics trading positions? Furthermore if anyone could give more insight to what such a role requires, I would be extremely...

Do you short straddles and fly them off later (skew flattening, theta gains etc) or was that more trades for educational purposes?

Sorry being new to this, for example say we find that Dec futures are trading at a discount to Nov's - would taking advantage of this mean short nov/long dev - so like a long calendar so to speak? Though I (think) understand its unlike option calendars, since the term structure can invert and...

Hi All, Not a frequent poster, but long time lurker. I have a strong interest in options, especially being inspired in the past by riskarb, sle, rallymode and segv from this site. I took the time to complete a postgraduate course in Quantitative Finance, since my previous degree simply had...

Hi guys, Empirically its well documented that index implied vol is at a premium to its realized vol, and so there is an opportunity to systematically short say the ATM straddle each month to try take advantage of this. There's lots of papers from the big banks etc showing back-testing...