Difference between trading and investment banking?

monydad
Tue, 28 Mar 2006 17:35:36 +0000

“Much has changed nowadays”

The last place I left was in 2001. The place just before that I was actually in a structure desk that directly interfaced with the trading floor.

“Nearly every trader codes”

No they don’t. My post #59 was completely correct as of 2001, for the places I worked, and for it to be otherwise every one of those people would have to have been dismissed. That is not plausible, I’m sorry.

“traders do need to know how to code”

NO they don’t. They need to know how to specify changes to their support analytical staff.

[importance of programming]
Sure it’s important. It’s SO important that they don’t rely on non-expert traders to try to create these important programs in their free time. They use dedicated quantitative specialists who do this full-time. That way the programs are done better. The trading is also done better, because the traders are left to trade.

Anyone who this affects, please do your own investigation.