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gammaphreak01


Total Posts: 20
Joined: May 2007
 
Posted: 2019-08-01 14:49
Hi all

Trying to understand whether sell-side firms are reaching a consensus structure for their trading, sales and tech teams in the electronic space (and specifically in FICC space)

Seems that there are still separation between the:
(a) eComm tech side (in house dev and vendor based solutions) -> reporting into technology
(b) e-sales side -> report into sales head
(c) e-trading side -> report into e-trading head? what about voice trading?

and that perhaps the traders are primarily strats who also look after the day to day operational aspects of e-trading.

Is there a different trading reporting structure for electronic versus voice? Or do they all roll up under head of trading?

Would appreciate any pointers and happy to DM if preferred

Jurassic


Total Posts: 243
Joined: Mar 2018
 
Posted: 2019-08-11 22:21
on a slight side note, what do people think of e-trading as a job in a bank?

Webtoolsoffers


Total Posts: 1
Joined: Aug 2019
 
Posted: 2019-08-16 07:06
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gammaphreak01


Total Posts: 20
Joined: May 2007
 
Posted: 2019-08-17 14:06
Bot much?

riskPremium


Total Posts: 14
Joined: Nov 2018
 
Posted: 2019-08-21 15:36
An inteligent bot

riskPremium


Total Posts: 14
Joined: Nov 2018
 
Posted: 2019-08-21 15:45
@Jurassic

(speaking as a recent grad/junior quant) people think of it as one of the few remaining "interesting" spots in a bank. To some, equity/fx etrading is more fun than fixed income ones. Also they can potentially lead to buyside positions.

gammaphreak01


Total Posts: 20
Joined: May 2007
 
Posted: 2019-08-21 16:44
Interesting

My sense from conversations with various folk is that either:

(a) an e-trading role (especially in efx) is largely an operational liquidity manager who basically watches the dials and calls the strats when the proverbial red-light flashes. I am being slightly dramatic in my description on purpose because I am sure that such roles cannot be purely operational in nature

(b) an e-trading role (in efx) is very hands on and there is a lot of human intervention required to manage the flow between various ECN's/counterparty networks

Somewhere between the two polar extremes shown above lies a truth (perhaps different for each organisation)

Nevertheless, there is also a space for the proverbial "strats" in between the roles above and the market. Hence my thinking about whether there still exists quite distinct heirarchies of traders reporting into trading heads, strats reporting either into trading heads as well as separate lines or combined with traders.

And then you have the low-latency devs who play a fundamental role but I guess are excluded due to typical concerns around separation of roles and responsibilities when it comes to production code, dev code etc ... perhaps they report into technology as a separate heirarchy to trading...

Jurassic


Total Posts: 243
Joined: Mar 2018
 
Posted: 2019-08-21 20:29
@riskPremium as opposed to what "uninteresting" ones exactly?

shorting24x7


Total Posts: 1
Joined: Aug 2019
 
Posted: 2019-08-22 05:19
Do not forget there is always narwhal for deploying algos https://kloudtrader.com/narwhal
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