In this video, Joe Troccolo discusses some of the fundamentals of Options trading, including a description of Gamma Scalping; the dynamic management of an options trader's Delta position. For more on Joe Troccolo, click on the link in our post titled, "Market Wizards: About Joe Troccolo"
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Visit: www.thebankersblog.co.uk
Search for the po...
tagged as Delta Hedging, Gamma Scalping, Joe Troccolo, Market Wizards, Options Trading, Video
1. Understand the structure of an Investment Bank
Broadly speaking, an investment bank is divided into the front, middle and back office functional areas. There are many other areas, such as marketing and legal departments, but for the purpose of this article, we shall focus on the aforementioned areas.
Show More ~> (www.thebankersblog.co.uk)
tagged as Bank of America Merrill Lynch, Barclays Capital, Careers Advice, Citigroup, Goldman Sachs, Joslin Rowe, JP Morgan, Michael Page, Morgan Mckinley, RBS, Robert Walters, The Cornell Partnership
thebankersblogs.blogspot.com/2010/02/video-deutsche-ba...
tagged as Deutsche Bank, Investment Banking, Careers Advice
The CVB Certificate in Finance is aimed at students from non-finance backgrounds. The course is run by investment bankers and covers topics ranging from an introduction to investment banking to company valuation and trading strategies. It also offers a fantastic opportunity to network with finance professionals. Essentially this course is written by banke...
tagged as cvboosters
October 17, 2008
Today I write not to gloat. Given the pain that nearly everyone is experiencing, that would be
entirely inappropriate. Nor am I writing to make further predictions, as most of my forecasts in
previous letters have unfolded or are in the process of unfolding. Instead, I am writing to say goodbye.
Recently, on the front page of Sectio...
tagged as andrew,lahde,leaving,letter
Fortis: Here today. Where tomorrow?
link http://www.fortis.com/advertising/index.asp
Wachovia Great return. Grand results
link http://www.wachovia.com/
and probably the best..
Dexia short term has no future...
link http://www.dexia.com/e/home/home.php
tagged as fortis,wachovia,dexia
Some stuff is just not to be forgotten: Aleksey Vayner's finest..
www.nysun.com/new-york/yale-students-re...
http://uk.youtube.com/watch?v=-_tk2GjFhJA
and a parody on him..
http://uk.youtube.com/watch?v=nAV0sxwx9rY
tagged as aleksey vayner
Dear members,
As many of you are just about to start applying for internships and full-time jobs with both investment banks and accounting firms, I thought you might like to hear about CVBoosters, a social enterprise focused on helping students with their applications while supporting charities. A short introduction follows - I hope you find this usefu...
tagged as CVboosters,applications,cvs
We apologize to everyone for a series of periods this weekend when you may not have been able to access Nicube. This was due to a server failure on the side of our hosting providers - the issue has allegedly been rectified now, and this shouldn't happen again.
Many thanks for everyone's understanding.
tagged as failure,server,downtime
Watching the price action over the past week was certainly an entertaining sport. The weekend provides the rest of us (i.e. non Bernanke/Paulson) some respite to try and put things into perspective. An obvious question comes to mind - did the Wednesday close signal and all-time low for the markets, and should we be confident enough to call the bottom yet?...
With the massive amount of dollars the Treasury/Fed have committed to rescuing the financial system, I don't think enough people have raised the question of where these dollars are coming from. Let's face it, the US government was in deficit even before Aug07. The people financing these bailouts/rescues (let's not get technical here) are obviously the sur...
Having had the opportunity to interact with many of our users over the last couple of months, we have now decided to open up the platform and give visitors partial access to various parts of the site. Library, videos, articles, blogs, Q&A, forums, cubeNews - one by one, these will be opened up and most of the content become visible to everyone visiting Ni...
tagged as nicube,growth,open,closed
A certain headline on Bloomberg noting that the SEC has made it a requirement for hedge funds to disclose their short positions in an effort to stem the rapid declines in stock prices. In particular, perhaps, the stock of a certain US broker-dealer (just pick one of the two) whose CEO complained of speculators driving his company's stock down.
I suspe...
It's the cafeteria at Lehman. Shortly after noon on the first day in quite some time when everyone in the world isn't obsessed with Lehman Brothers. One Lehman employee to another: "The food here kinda sucks today. Do you know if the Barclays cafeteria is any good?"
tagged as lehman,barclays,cafeteria
So, why is there such a stigma attached to Back Office?
I've been interning in Back Office (Operations) for the last 2 months and thought I'd add my opinions here. I'm not hoping to end up in Operations long term - in fact I'll be interning in Sales next summer, so I'd say I should be able to provide balanced view.
Firstly, let me dispell a myth. It...
A quick word of introduction - The Cornell Partnership has once again this year been retained by Greenhill to advise on and run their graduate and intern recruitment process. As part of this process we are currently inviting high calibre investment banking candidates to apply early to the analyst programme for the chance to be included in the Fast Track A...
tagged as greenhill,fast track
The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase...
tagged as help,rebate,US
Dear All,
Thank you for all the feedback. We're still processing, implementing and testing much of it, and hope to launch the upgraded version of Nicube in 2-3 weeks. Until then, please bear with us and keep the feedback coming!
Jan
tagged as nicube,future,version 2
We have received some excellent feedback regarding our clusters structure, and we hope that there's more to come..so, I thought I'd bounce some ideas off you guys to see where you stand..
The changes I have in mind so far are:
1) In the registration, allow everyone to join as many clusters as they wish.
2) Show the cluster links across the top tab...
tagged as clusters,structure,nicube
Dear All,
Thank you everyone who started contributing content to our new clusters. I realized that this would be the right time to clarify and explain our intentions with how to create a first-class source of information about these industries here on Nicube, so here we go:
1) Over the next few days, we will be talking to some of the leading graduat...
tagged as new content,clusters,updates
As always when you launch something new, small issues which escaped beta testing start showing up there and there..thank you very much to all those who submitted feedback over the last 24 hours or so!
We are carefully collecting everything and resolving problems one-by-one. I shall keep an up-to-date list of unresolved problems here for everyone's bene...
tagged as bugs,errors,nicube,report
Just a quick update to confirm that we will eventually import all of your private messages from IBTalk guys, just give us a couple of days.
Due to the striking difference in the level of complexity between IBTalk and Nicube, the technicalities of the transfer will take us some time. Will keep you updated. Thanks for your understanding.
tagged as private messages,ibtalk,nicube
It's 05:50am GMT, and after a long night, we're almost there. Earlier tonight, we shut down IBTalk to convert its almost 11,000 users and over 53,000 discussion posts into Nicube, not an easy task given their different data structures. But everything seems to have gone well, so far at least.
I'm now very excited and curious to hear some feedback from b...
tagged as nicube,ibtalk,launch
Yes, it's been a long time since I've written and there are very many reasons for that. I've also decidely to avoid anything to do with recent market events, coming market events and other dull things like that - because other people are getting paid to write about it in great speculative length in hundreds of places.
Instead, an anecdote. My workplace...
tagged as bonus baby boom
CDO Fantasy - to the tune of Bohemian Rhapsody
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Is this the real price?
Is this just fantasy?
Financial landslide
No escape from reality
Open your eyes
And look at your buys and see.
I'm now a poor boy
High-yielding casualty
Because I bought it high,
watched it blow
Rating high,
value low
Any wa...
tagged as bohemian rhapsody,cdos
To many of you, this is not a surprise. Especially to me. But really, it just relates to how in many of my blog posts, I still had them down as being from 2007 instead of 2008. Evidently, anyone who does read this is either happy laughing at my expense or as stupid as me. If the later, I feel sorry for you, because it isn't great being this ridiculous.
...
tagged as idiots
But to start, one small anecdote relating to the way I write what the date is. By default, Excel does not understand the European method of DDMMYYYY and must have it MM first as per the regional settings that are set by default. So please, if you're one of those people who is feeling anti-American, pro-European or whatever, be sensible and leave your spre...
tagged as trading,investing
Recently, I went back to university to talk about my job and trading. I reflect back on the event from the perspective of someone who had been sitting there not long ago - and wishing I always got more. The great issue I took with company events was that I felt they were very basic and gave me very little insight into the mind and thought processes of peo...
tagged as university,milkround,hr
I had been asked what kind of stresses traders face. Initially, I didn't say that there were so many, but given that the night before I had been for drinks and dinner with someone who had been on a long losing streak, had just finished a long relationship and was feeling like complete misery - more because of his job than his long relationship, I had to r...
tagged as stress,trading
Normally, when you give a broker a price, you stick to it for a certain minimum period of time, say, a minute (it will vary by market). You can still pull out of this price if needed but it will annoy your broker and since they provide you with some access to liquidity in size as well as information.
A price is given to a broker for a product. All fair...
tagged as traders,brokers
