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You may be able to get yourself an assitant position on a proprietary desk at an Ibank but you will obviously have to target that specific desk and then be very persisitent and direct about getting a chance on that desk you will be doing research p and l statements calculations for those prop...

Anything on the original topic?

I would agree there, a lot of people say the computer will calculate your plain vanilla option so it's easy but they don't understand the gearing effect or vols and and structuring and they get f**ked to put it plainly.

Bond Trader-what you think about OTC options in speculative positions or prop directional positions.

And the stuff you read in books about what influences markets and how they react to large trades it's all bullshit, the fx market works nothing like that in reality although obviously a traders are still trading medium and long term their view of the value of the currency.

Everything I have said here was gained from my internship in those three weeks on the spot fx trading desk I learnt more than I did in one and a half years reading text books, they don't teach you shit just enough to make you breeze through the interview as a lot of gradutes actually don't even...

Thakns for oyur post as I think I have stated already I am not proprietary trading now I plan on a maximum of year and a half to be full prop trader but I have got onto a prop desk, front runnig as bond trader stated does not apply to fx and by itnernal trading, when a prop trader wants to buy...

If you read again my post it was two different banks not one bank.

I had an argument with someone the other day about this who told me fx traders would be front running if they talked to amrket makers and salesmen, I know they do they gather short term thoughts on the market by talking with market makers and as I have already said the market makers aim to build...

You were trying to take the piss out of me when what you were saying had no relevance and was bollocks therefore I pointed out that you were wrong, that's all, an ability to admit one's mistakes is vital in trading in big banks clearly you don't have that.

I have two internships behind me one in corporate finance(pile of shit) and one in trading, one had people who came orund delivering tea and coffee, well it was a prestigious bank but corporate finance bored me to tears, the other they sent you out I went a couple of times sugaars come in bags...

I just looked at noticed at the end of your post you put LOL, you are trying to make out I don't know shit and you are mister genius, if you were so knowledgable you would of known the separation of prop and market makers and known that large orders which are of course orders as you have said...

Prop traders in fx are totally separate from market makers, when there was a large order they all get together and to save trashing the amrket they spread it out to tap the liquidity through different deal matching systems and voice brokers buut the prop traders are not involved, and all market...

My main interest is if anyone knows the structure of the desks I know about recruiting process for Ibanks I have been at it for one and a half years. Does anyone know ratios of long term to short term fx prop traders, I know it's a very tight question but at a long shot someone might know...

Why is everyone always putting eveyrone down, I thought it was only in the UK and my family always said how good it was that Americans encourage success and respect people for oding well and all are in pursuit of achieving good things but you are all hacking away at each other(and me!), why...

Yeah I'm living in dreamworl, I interned at a decent bank I am now joining a bulge bracket, amazing how jealousy eats up some people.

You say he is a manager well obviously he didn't go in as a manager straight away so he has been there a while, 5/10/15 years ago people did get taken on not knowing much, lucky for them but that certainly is not the case nowadays with such a strong supply of gradutes who know whole textbooks on...

Any of you people got any experience trading on LIFFE, futures and options think it's currencies, commodities and bonds basically oh yeah equity futures as well? WHat's the volatility like at present? Whats avergae contract size in say euro/dollar futures?

Societe Generale are a decent bank, they are middle plane in most things including fixed income trading, I doubt they would hire you straight into a money market trading position if you have no trading knowledge or experience you will probably start off as an assistant and move up if you are...

Yes correct it is me, and your point is?