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What on earth is exotic derivatives trading?? Watch

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    Im not going to act like 90% of people on this website and pretend im an IB genius and attempt to give of the impression that i know every tiny detail of how banking works. in fact, my knowledge basically is zero. academically im going to a target uni to study a maths heavy subject. my questions are:1) what is exotic derivatives trading2) how is it different to s&t3) how would you get into such a trade? as in starting from day 1 of uni Cheers
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    bump
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    anyone?
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    Like an exotic strip club, except rather than getting tits in your eyes, you're getting equations instead

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    (Original post by jonny5263)
    Im not going to act like 90% of people on this website and pretend im an IB genius and attempt to give of the impression that i know every tiny detail of how banking works. in fact, my knowledge basically is zero. academically im going to a target uni to study a maths heavy subject. my questions are:1) what is exotic derivatives trading2) how is it different to s&t3) how would you get into such a trade? as in starting from day 1 of uni Cheers
    1. Trading an exotic derivative product
    2. It's in S&T
    3. Network when on the trading floor
    4. Get on the ib pipeline of spring week > summer > grad

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    (Original post by Princepieman)
    1. Trading an exotic derivative product
    2. It's in S&T
    3. Network when on the trading floor
    4. Get on the ib pipeline of spring week > summer > grad

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    Cheers for your reply, how maths heavy is the job? As in does an exotic derivatives trader use lots of maths in their day to day life, or is it all done by computers?
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    (Original post by jonny5263)
    Cheers for your reply, how maths heavy is the job? As in does an exotic derivatives trader use lots of maths in their day to day life, or is it all done by computers?
    You'll be working with various non-trivial models and will be using general numeracy when buying/selling/bargaining with counterparts. If you want a maths heavy job, become a quant
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    (Original post by Princepieman)
    You'll be working with various non-trivial models and will be using general numeracy when buying/selling/bargaining with counterparts. If you want a maths heavy job, become a quant
    Don't you need a PhD for that
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    (Original post by jonny5263)
    Don't you need a PhD for that
    Need is a strong word, a high achievement within an integrated Masters or standalone masters would suffice.

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    (Original post by jonny5263)
    Cheers for your reply, how maths heavy is the job? As in does an exotic derivatives trader use lots of maths in their day to day life, or is it all done by computers?
    its defo more maths based than if you are in cash equities but yeah not quant level
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    you just insulted my knowledge of knowing every tiny detail of ib
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    (Original post by gr8wizard10)
    you just insulted my knowledge of knowing every tiny detail of ib
    Also #triggered

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