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Vault Message Board: Sales & Trading

Topic Name: S&T Compensation
Message Name: Specialties
Date Posted: 03/21/2002
In Reply To: I thought it refers to underwriting or something. Are the places you mentioned big players in proprietary trading? I don't think ML is, and there are bigger places than Goldman and Morgan. Maybe their reputation is better though... Out of interest, which one of those three do you work for? I would probably guess ML by the way you put it in with the other two.
Message: Goldman is tops in prop trading. Merrill is tops in institutional order flow. Morgan Stanley isn't tops in any category but ranks in the top 3 among many different ones. The other Wall Street firms usually battle for 4th place in any given year.

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