| Topic Name: |
A Question for the Bankers |
| Message Name: |
go derivatives trading |
| Date Posted: |
05/27/2000 |
| In Reply To: |
Hey original poster:
I know that this response is kind of late, but I just wanted to acknowledge the fact that you don't know shit about S&T, and that's why you have a negative bias on the profession. ok, I'll agree with you that the bid-ask spreads and information asymmetries are tightening up. But, let me ask you this- aren't they always tightening up in any business? Hey, what about your good ole Investment Banking business? I guess fees don't tighten up in there either, right? Sure, you could say that technology threatens a lot of S&T jobs, but doesn't it threaten IB jobs also? Who says that your road show can't be e-mailed as a powerpoint presentation.
As long as society exists, there will be a need for traders, regardless of the level of technology. Even if trading becomes fully automated, you need someone there to understand the trading systems and to establish the parameters of the system. So, I offer you this suggestion: take your aimless bullshit, shove it up your ass, and go to all the B-school outings that you can find. There, you can talk your bullshit with your colleagues and get laughed at. Oh yeah, I'm in derivatives trading, in case you were wondering.
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| Message: |
I agree...this guy doesnt know shit. descreasing bid-ask spreads and technology are affecting mainly equities and govies while areas where smart people work, where the majority of opportunites exist, are in Converts, Derivatives, High Yield, Emerging Markets...opportunities here will continue to thrive because, simply put, you'll always need people to understand these products in a manner that some computer program, rural 80yr old grandma on Etrade, and some dickhed college nerd day trading from his room cant...you probably cant either...and instead of trying to figure out what the prospects are for these areas, you hop on Vault and spew your non-sensical bullshit for college to read, absorb, and go tell their mommies they wanna work in M&A...which is good for us, because while you fiddle through resumes of the aforementioned losers, we field inquiries from only the best and brightest and dont waste our time...and im a derivatives guy too =)
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