Recent content by trader_XX

Your best shot is a MSFE (MS financial engineering) degree. Most of these guys dont know what they're talking about here. I know because I was in your position 1 year ago. And now, 1 year later, I just weeks ago started working at one of the top investment banks on the street at the interest...

1.) Who actually MATCHES the bid and offers? IF it isn't the specialist as it sounds like everyone is saying, is the best bid and best order matches automatically electronically? If so, is it being matched so that a slightly higher bid is matched with slightly lower ask so that the specialist...

OK guys, so i'm studying for the Series 7, and i'm trying to understand the structure of the NYSE. I have a few questions: 1.) Can specialists make speculative trades for their own account? If so, is this is a conflict of interests? 2.) My book states that Rule 77 prohibits a member...

Hey guys, i'm a newb trying to understand the basics of black-scholes/the greeks. My question involves theta. According to black-scholes, if I sell a call option and then I dynamic hedge it putting out my own capital, I should be earning a return of e^(rt)-1 on the capital that i've used...

that's kinda what i was thinking...rate options would teach me a lot about fixed income fundamentals while at the same time giving me the derivatives and risk management background. I hear that these guys normally have no problem getting onto a prop desk later on. Flow is the same thing as...

Hey guys, I'm starting at a BB for trading in the FI division this summer. I want to be a FI prop trader some day, hopefully at a large hedge fund. My question is what desk is the best one to get on? Which will give me the best general background in FI and open me up to hedge fund...