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Bank- / Institutional Traders
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Bank- / Institutional Traders

  #1 (permalink)
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Bank- / Institutional Traders

Hi all,

i think we have a number of folks here at futures.io (formerly BMT) who work or worked as professional Bank- / Institutional Trader in the financial world.

i would like to hear some storys from them !

What + how / wich style did you trade ?

How the learning / beginning works there ?

What useful things can you tell us about the pro-guys ?

i am shure there are some other interesting topics + storys arround this!

its not easy for us to get a look behind the scene of the professionals.
Most things we hear are driven + controled by medias & the banks themself i think.

i would appreciate to learn and hear a bit from this section.



max-td
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  #2 (permalink)
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  #3 (permalink)
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No professionals here?


This is a day trading forum. Maybe they do not consider themselves day traders, so this forum does not appeal to them. Also they may not have the time to hang around here. Or they have already moved on to www.wilmott.com

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  #4 (permalink)
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I know for a fact there are many here, but they don't post much in the public. I know this based on the PM's I get where they tell me their role and/or share some details.

How to get them to post in public, I don't know. It's the great mystery of the forum universe.

Mike

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  #5 (permalink)
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A close relative is a broker in the City of London and a close friend is head of global equity trading for a major international bank.

Whenever I speak to them about trading, I'm struck by one thing - their complete ignorance when it comes to technical analysis. All they have used in their careers is VWAP as they get judged on their ability to get the best price for the trades and that is assessed by bettering VWAP.

Both are multi millionaires who have had long and successful careers in trading for Institutional investors.

David

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I doubt if those from institutions will respond. For their own sake and to protect their edge (it is possible to get their thinking via their posts), I suspect they will be anonymous.

This from a retail guy

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  #7 (permalink)
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Speaking from the equity side of institutional trading...

1. Teams are broken down by sectors. Depending on how active the sector is dictates how many traders
cover said sector.

2. Every security in that sector has many institutional holders, which the salespeople cover. As the trader
your expected to know everything about your sector and the stocks that trade in it.

3. If a large print, news or price movement occurs, your job is to inform salespeople so they can be the 1st
call into the institutional holders, why? because they have the inventory. Also, should always be indicating
a menu in which your willing to buy or sell large quantity of all your active names.

Overall, Banks have/had deep pockets. But the order sizes can be large and in turn move the market around.
Where you and I see Bollinger bands, the banks know where the holders of xyz have/had interest in the past and thus a vested interest in where their large holdings trade.

Prop desks @ the banks= different area, usually focus on whats hot (ie what GS is doing) call it GS envy.

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momop540 View Post
I doubt if those from institutions will respond. For their own sake and to protect their edge (it is possible to get their thinking via their posts), I suspect they will be anonymous.

This from a retail guy

It is also in part due to the institutional compliance departments...

--X

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  #9 (permalink)
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Xantech View Post
It is also in part due to the institutional compliance departments...

--X

AKA: The Business Prevention Unit (BPU), as it was know at Dean Witter.

R.I.P. Andy Zektzer (ZTR), 1960-2010.
Please visit this thread for more information.
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Found some old ET posts from Deeman, a former institutional trader that are quite interesting and relevant to this thread:

Forums - Reading the Specialist.

and

Forums - i've tried everything and nothing works

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