Learn / The desk and the superday Go to Overview 1. How a markets desk makes money 2. The sales seat, Pro 3. The trading seat, Pro 4. Market making games, Pro 5. Superday math under the clock, Pro 6. The superday itself, Pro Flashcards, 0 of 16 reviewed Basic quiz Advanced quiz Terms The desk and the superday
0 of 6 lessons
0 of 16 cards How a markets desk actually makes money, what the sales seat and the trading seat do all day, how to play the market making games, the math they run against a clock, and how the superday itself works.
B Basic3 lessons 1 How a markets desk makes money A desk earns mostly from clients: the bid offer it charges, the fees and financing it provides, and how well it manages the inventory clients leave behind. Directional bets are a smaller share than outsiders assume. 9 min 2 The sales seat A salesperson covers a set of clients, knows what each one owns and wants, brings them ideas and prices, and brings the client's business back to the desk. The job is trust, kept daily. 9 min 3 The trading seat A trader makes two way prices, decides how much risk to hold, and hedges the rest, inside limits set by the bank. The price a client sees depends on what the trader already owns. 10 min Q Basic quiz 10 questions, 80% passes