Trade and Strong Communication Skills Essay

Submitted By raviejo
Words: 1254
Pages: 6
Open Document
-Ricardo Viejo
Career Exploration Assignment * Describe the culture of the company/department in which you worked
The overall culture of the company is very laid back. The department in which Brandon worked in took care of the emerging market trading. They focused on emerging markets as Russia, Poland, Korea and Taiwan. The trading floor was isolated from everyone else in other departments. He had his own office and everyone in the floor was a trader or someone related to trading. Most of the traders were laidback young guys that liked to joke around. Even though they’d like to joke all day the environment was hard working and intellectually stimulating. Co-workers were friendly with each other and everyone was willing to help network. GMO is on of the buy side. The main founder, Grantham, had his office three doors down, really close to Brandon’s office. People did not wear suits, but business casual and liked to socialize on hallways. Good advice to fit in is to show your interest in learning and they’ll help you learn. * What were your responsibilities? Were your responsibilities generally routine or project based? * (Included) Describe a typical day.
Routinely, during most times of the day Brandon took care of the confirmation of trades. He would go early in the morning and start handling the confirmation of every single trade. Trades would get executed in Bloomberg. Brokers helped investors find trades. The trades were updated into a program called Long View and into the CTM broker matching system. Brandon would verify that all the trades in Long View were the same as those in CTM. Aspects to take into account were, trade date, commission, taxes, price, quantity, settlement date and net amount. Once the trades were confirmed they were all matched up. Once the trades were matched they would be uploaded to BBH.
On a daily basis the times he operated the markets were as follow:
ASIA from 7:00 AM to 9:00 AM depending on how many trades
EMIA from 11:30 AM to 1:00 PM or 2:00 PM
AMERICAS 4:00 PM on
Days with more trades, took more time.
Every month the company would rebalance all the funds they had. They modified a model that gives insight to brokers regarding investment opportunities. During the first and second weeks of rebalance there would probably be 1000 trades. Towards the end of the month the trades would decline to 40 trades a day.
Brandon’s position changed mid-way into quantitative trading. Basically, research analysts project the market microstructure, which are little details of the markets. The regulations in emerging markets are different from those in the US. Brazil may allow short selling while Taiwan does not. This information empowers traders when it is uploaded into the info wiki.
He would normalize trade qualifier data to determine a standard list across all markets. This would give insight to traders, and determine internal trading, or if a broker stole a trade. The normalizing of a cross-trade would be used by comparing its TICK data, a one basis point movement, .00001 percent. Every trade would be one tick data and Brandon would analyze what the trade qualifiers meant, then normalize and determine all the qualifiers and find those that were different.
To recap, the first three months he worked in the confirmation of trades. The last months he worked on data management. He would pull data from IBC with a program called Q and verify the exchanges data matched Bloomberg’s and the data vendor’s data. The data vendor was going to use that data to write algorithms. Sometimes there would be one thousand rows of data and he had to confirm that the tick data was the same. Usually he wouldn’t analyze more than three stocks over a couple of days, depending of medium, high or low liquidity * How did your role contribute to the overall department’s/firms objectives?
Work developed on his first three months:
The trade conference was purely to help traders in showing them that there
Show More

Related Documents: Trade and Strong Communication Skills Essay

Narrative: Employment and Synthetic Turf Company Essay examples

age of seven years old my father began taking me to the job site. He slowly began to teach me the plumbing trade. By the age of thirteen, I was capable of working on small projects alone. As I grew older, I strived to retain as much knowledge as I could. Taking control of my father’s business shaped my life in a profound way. The business forced me to develop strong communication skills. I was fortunate enough to make money and build a clientele. I was anonymously selected to travel the nation…

Words 807 - Pages 4

personal statement for brookes Essay

comfortable life that I have here in Nigeria,and,of course, making my bachelor degree much harder to obtain? I have numerous reasons, related to my studies, my future professional career, my desire to improve my english, business orientation, managerial skills and utilize available resources of my country to the benefit of my state, country and the world at large through international business. From a school point a view,oxford brooks university is not only one of the best university in business and management…

Words 552 - Pages 3

Elements Of Total Quality Management

Ethics, Integrity, Trust, Training, Teamwork, Leadership, Recognition, and Communication all make up Total Quality Management. These eight key elements are divided into four groups according to their function. These groups are Foundation, Building Bricks, Binding Mortar, and the Roof. This is an important idea because a business is much like a building; if the building is going to last, the pieces must be equally strong. If there is a leaky roof, there is water damage and further costs involved…

Words 804 - Pages 4

The World Is Flat and Steroids Technology Advances Essay

that have allowed all of this to happen are called flatteners. Information Technology and communication are progressively reducing barricades among individuals, countries, and companies by creating an economic codependent and international combination. Technology has made the world consistently smaller by reducing the physical, cost-effective, and social and political barriers. Technology and communication have made it easier for people in different geographic locations to share ideas and take advantage…

Words 692 - Pages 3

Hazards Matrials Essay

of six naturally occurring silicate minerals used commercially for their desirable physical properties. There are five materials in asbestos like amosite, crocidolite, tremolite, anthophyllite and actinolite. The use of asbestos is that Asbestos is strong, fire-resistant, flexible and a good thermal insulator. These qualities encouraged its use in a variety of products. It is used for thermal insulation, fire proofing, acoustic insulation, roofing, and flooring and in a variety of other building materials…

Words 566 - Pages 3

Essay on Management: Maslow ' s Hierarchy of Needs and Scotia Airways

as well as protection against unemployment, loss of income through sickness etc. The SOCIAL factor: * Social needs recognise that most people want to belong to a group. These would include the need for love and belonging (e.g. teamwork, communication). The EGO factor: * Esteem needs are about being given recognition for a job well done. They reflect the fact that many people seek the esteem and respect of others. A promotion at work might achieve this. The SELF-ACTUALISATION factor:…

Words 1443 - Pages 6

The Importance Of Culture

have completely thrown off lifestyle and way of interaction with world (Moran et al, 2014). Today, the world has become more interactive by technological inventions such as transportation and motivated by the conceptions of globalization, world trade, international…

Words 844 - Pages 4

Mandan Tribe Essay

is, “The system of using sign language was developed to facilitate communication between all of the different tribes who inhabited…

Words 811 - Pages 4

Business: Project Management and Fixed Income Essay

units provide support to Prudential Fixed Income: Alternative Investment Operations, Derivative Operations, Securities Lending, Trade Operations, Portfolio Administration, Product Support, Corporate Actions, Account Management, Operating Risk, and Performance Reporting. The Fixed Income Investment Operations Rotation Program is designed to provide associates with a diverse skill set, experience in many functional areas within Fixed Income (listed above), and create tomorrow’s leaders. Associates selected…

Words 644 - Pages 3

Marketing Job Description

advertisements with analyse, comparing and categories the data. The highest percentage result found that professional skills consist of prospect is able to developing marketing plan and activities, conducting a research, handling meeting, and others. The result is very useful to update job description for marketing career. Moreover, there are others emerging new skills like technical skills for instances, maintaining and updating websites and social media tools. Furthermore, in this report consists of…

Words 4755 - Pages 20