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katastrofa


Total Posts: 356
Joined: Jul 2008
 
Posted: 2017-03-28 13:20
http://news.efinancialcareers.com/uk-en/242057/banks-are-hiring-for-the-closest-thing-youll-get-to-a-prop-desk/

Is it worth going in this direction if you want to build a (relatively) stable career in quant finance?

Cheng


Total Posts: 2803
Joined: Feb 2005
 
Posted: 2017-03-28 15:16
The principle sounds a little like pooling and executing big tickets in equity space (which is done by algos afaik but I am not an equity guy). Not sure though whether I would call this super quantitative... it probably works for asset classes that are reasonably liquid and exchange traded but everything that doesn't fit the description (although the market is moving in this direction, especially bonds) falls through the cracks.

Bottom line: if you could come up with more details (what does this desk, in what way, etc.) you increase your chance of a good answer Smiley.

"He's man, he's a kid / Wanna bang with you / Headbanging man" (Grave Digger, Headbanging Man)

HitmanH


Total Posts: 417
Joined: Apr 2005
 
Posted: 2017-03-28 23:49
All depends on the firm and the asset class.
Some firms handle a lot of risk in here, others literally warehouse it super-short term - to facilitate client flow.

It mentioned Citi in the bottom of the article - they used to run a proper CRB. JP still does in EQ, and UBS did. Not all firms do, nor have ever have run one...

radikal


Total Posts: 253
Joined: Dec 2012
 
Posted: 2017-03-29 02:41
I feel like this could be a really really great gig actually; I'm not sure if the economics are in it, but seems like a possibly fun way to leverage years of trading experience across a lot of different stuff. Or is this not X-asset?

There are no surprising facts, only models that are surprised by facts

katastrofa


Total Posts: 356
Joined: Jul 2008
 
Posted: 2017-04-06 23:21
Mostly equity, in a US bank.

sasquatch
Certified Headhunter

Total Posts: 325
Joined: Aug 2006
 
Posted: 2017-04-24 20:22
Not just US banks...

katastrofa


Total Posts: 356
Joined: Jul 2008
 
Posted: 2017-05-02 21:35
Is CRB part of Front Office? Since it's a trading desk, I'd presume yes?

HitmanH


Total Posts: 417
Joined: Apr 2005
 
Posted: 2017-05-03 17:28
yep

Omega


Total Posts: 420
Joined: Jul 2006
 
Posted: 2017-05-13 08:49
For these kind of roles what does one typically get asked?
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