Riskless, you say that the opportunity is potentially in the fixed income options. How can an individual trader take advantage of this potential. Move to Chicago, apply for an option seat and be on the floor? That would go against the huge tide that is happening in the marketplace today-slow migration to electronic platforms and floor marketmaking onto black box automated systems? How can you reconcile the two opposing ideas.
Goldman Sachs to hand out pink slips
- Thread starter trader99
- Start date
RE> and that the place to be is Making Markets in Fixed Income Options. A 44 year low in Yields with some of the Biggest players out of the Market will allow independent traders an opportunity of a lifetime when the Fed starts to Hike. In Fixed Income Options, there is nothing like a Crashing Market. 1993 and 94 was the last significant setup like this.
Interested in comments!
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Riskless....
As GATrader asked also....I want to re-iterate and expand, how do <you> see the independent/retail trader exploiting this opportunity? I am especially interested in that the trading firm I have joined has a seat on the Pacific Exchange (PCX) and we can exploit that to put on exotic or well developed derivative strategies and I am very keen to make use of that feature of our firm?
Can you expand on this, or feel free to PM me your thoughts.
Looking forward to your response,
J-
Interested in comments!
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Riskless....
As GATrader asked also....I want to re-iterate and expand, how do <you> see the independent/retail trader exploiting this opportunity? I am especially interested in that the trading firm I have joined has a seat on the Pacific Exchange (PCX) and we can exploit that to put on exotic or well developed derivative strategies and I am very keen to make use of that feature of our firm?
Can you expand on this, or feel free to PM me your thoughts.
Looking forward to your response,
J-
Jester and GATrader,
I am sorry for the confusion. When I say that it is a Good time for the Fixed Income Market Making community, I am mainly talking about Institutional traders or traders that are working within a fairly well capitalized trading firm. There are several posters on ET that this would apply to, but I don't think that the retail trader can capitalize on it without a great deal of risk.
Riskless
I am sorry for the confusion. When I say that it is a Good time for the Fixed Income Market Making community, I am mainly talking about Institutional traders or traders that are working within a fairly well capitalized trading firm. There are several posters on ET that this would apply to, but I don't think that the retail trader can capitalize on it without a great deal of risk.
Riskless
Here's an article on Bloomberg magazine about the booming FI market and traders.
http://www.bloomberg.com/marketsmagazine/cv_0303.pdf
trader99
Quote from Don Bright:
The Wall Street "jobs" are going away quickly, as we have seen. (No, it doesn't mean that they should all become prop traders, BRight or otherwise)....simply, that the technology and tighter option markets has made many jobs redundant. Independence is the key to the future....
My brother says "if you can describe your job, it probably won't exist in a few years".....I'm not that much of a "gloom and doomer" ....but he is the "smarter brother"....
Don
The street has always had cyclical employment: This is nothing new. However I do agree with the thesis that fewer people are needed now than in prior years due to technology improvements.
Over the next several years we will seee more job elimination / consolidation due to technology. Those of us who stay on the technology curve and adapt will still be here ....
..Maybe not the smarter brother but he certainly hit the nail on the head: if you can describe your job its already obsolete. Owning proprietary knowledge (it can just be your own expertise ) and keeping it proprietary is how you stay in business and in control ....