Tag Archives: Citi

Worlds largest #FX #Traders are #Citi #J.P.Morgan #UBs #deutschebank

Worlds largest are #J.P.Morgan

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Worlds largest #FX #Traders are #Citi #J.P.Morgan #UBs #deutschebank

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Perks of top 0.01% hedge funds for Citi bank

Perks of top 0.01% hedge funds for Citi bank

March 24 — There’s a secret list that Citigroup keeps on its equity-research desk at its swank campus in Tribeca. And if you’re not on it — well, you might as well be nobody. At the top is a handful of hedge-fund giants, the “Focus Five,” that bring in big money for Citigroup: Millennium, Citadel, Surveyor Capital, Point72 and Carlson Capital, according to a person with direct knowledge of the list. Bloomberg’s Laura Keller has more on “Bloomberg Markets.”

There’s a secret list that Citigroup Inc. keeps on its equity-research desk at its swank campus in Tribeca.

To read the entire article, go to http://bloom.bg/1LIv2ru

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WTI Oil Prices to Fall to $30 a Barrel: Citi

WTI Oil Prices to Fall to $30 a Barrel: Citi
Feb. 17 — Citi Commodities Strategist Ivan Szpakowski discusses commodities, including oil, gold, iron ore and copper with Bloomberg’s Rishaad Salamat on “On The Move.”

http://itunes.apple.com/app/bloomberg-tv/id460459302&mt=8

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Looking for a job or career in quant? Here are some tips help get one at Citi Bank

Looking for a job or career in quant? Here are some tips help get one at Citi Bank

My favorite interview at any bank. They seem to be cool to work for…

I have loads of other links here to make a decent impression on you.

Looking for a job or career in quant? Here are some tips help get one at Citi #CitiJobs

Here is a guide to the popular programming languages used for trading systems for quant and HFT

‘Interesting’ author but  Java was the first language mentioned. Does she know stuff here?

A guide to the popular programming languages used for trading systems

Here is a guide to the popular programming languages used for trading systems for quant and HFT

5

Don’t forget about our first reminder on the event of the year.

FIRST REMINDER 

Meet the multi MILLION HFT man LIVE, he presents his algo trading system to the world on Tues Feb 15! (login details) here

I hope to see you online at this event

Bryan
P.S. Don’t forget that our Elite membership goes up $20 come Feb 16!

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Oh look, more positive news from Citi Bank about break even in oil trading

Oh look, more positive news from Citi Bank about break even in oil trading

From the NYC Contact so thanks for sending

http://www.businessinsider.com/citi-breakeven-oil-production-prices-2014-11

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This auto backtester in DotNet CSharp by a Citi Bank software developer could be useful. Anyone ever use it?

This auto backtester in DotNet CSharp by a Citi Bank software developer could be useful. Anyone ever use it?

https://github.com/worldexplorer/SquareOne/tree/v1.0-dev

Here is the author:

https://www.linkedin.com/profile/view?id=16445063

 

This was added also as a Java alternative but I know this is restrictive http://www.georgicasoftware.com/
Thanks to the NYC Contact for sending

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Ultimate use case for using MATLAB Simulink for your absolute lowest latency in HFT with FPGA? Citi, Goldman Sachs, BoA, etc

Ultimate use case for using MATLAB Simulink for your absolute lowest latency in HFT with FPGA? Citi, Goldman Sachs, BoA, etc

This is what we call the smoking gun!

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This came from my usual Youtube visitor. This has to be the best resource I have see yet for my pitch on why you should use this combo. Say no say no more.  Booya so big thanks to him for this great resource!

http://www.kunnskapsdugnad.no/ikbViewer/Content/838205/13%20FPGAs%20in%20Algorithmic%20Trading%20with%20MATLAB%20and%20Simulink%20-%20Jonas%20Rutstr%F6m,%20Math%20Works.pdf

Note all the major banking clients doing it like Citi, Goldman Sachs, BoA, Lloyds. Do I really need to say anymore?

 

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Will the rules prevent Goldman Sachs & Citi from prop trading desks convert to hedge funds?

Will the rules prevent Goldman Sachs & Citi from prop trading desks convert to hedge funds?
Citigroup reportedly may move proprietary traders from Citi Principal Strategies to its hedge fund unit Citi Capital Advisors in order to comply with new rules passed with the Dodd-Frank Act, according to Bloomberg. The move, which is one of at least three being considered by the firm, would treat the team led by Sutesh Sharma as hedge fund managers and seed funds before raising money from outside interests thereby complying with new speculation restrictions under the so-called Volcker Rule, said anonymous sources.
A senior analyst at Credit Insights, David Hendler, sees the arrangement as an attempt to a “high-margin” unit within the company, adding that the shift amounts to a transformation from, “an-interest-plus-capital-gain business into a fee business.” Proprietary trading is said to have accounted for 2% of Citigroup’s 2009 revenue, but the change could pose a challenge for firms like Goldman Sachs were the figure is around 10%, although the new rules give banks four years to bring proprietary trading into compliance.

More quotes:
“This may be a way of keeping a high-margin capital- markets business in the fold, within the language of the law,”
“They would be transforming it from an- interest-plus-capital-gain business into a fee business.”
This proves why these guys at institution are geniuses at the cat and mouse game. We will always lost out to the high frequency traders where everything is done automatically or algo based.
Some stats:
Many banks say proprietary trading is a fraction of their total business and that most trades are done on behalf of customers. Such trading accounted for about 2 percent of New York-basedCitigroup’s total 2009 revenue, or about $1.6 billion, a person close to the bank said in May. New York-based Goldman Sachs has said it gets about 10 percent of its revenue from proprietary trading.
In 2007, Goldman Sachs started a hedge fund with about half of the members of its Goldman Sachs Principal Strategies team, which trades stocks with the firm’s own money. That fund, Goldman Sachs Investment Partners investors, remains with the bank and is housed in the money-management division. Some traders who stayed in the principal-strategies unit, including Pierre-Henri Flamand and Ali Hedayat, left Goldman Sachs earlier this year.

ALL of the above is from:
http://www.bloomberg.com/news/2010-07-28/citigroup-may-move-prop-traders-to-hedge-funds-to-comply-with-volcker-rule.html

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Surprise! Citi pays premium for Java and C++ quant based positions with an easy recruitment process

Surprise! Citi pays premium for Java and C++ quant based positions with an easy recruitment process

My experience with Citibank (also known as Citigroup) for a trading program position was fairly positive. It seems I did ok in the interviews eyes as there was positive feedback to my recruiter. This position is here in Greater Toronto Area but Mississauga in particular. I was supposed to have three separate interviewers in over an hour and half. I had an assistance vice president and another technical person call. These were separate calls asking me high level question but were very interested in certain aspects of my resume. These included my programming for a trading system I was part of.
As said, the interviewers did not go into any technical details as you would expect from a heavy duty technical role in an investment bank like Citi. It seems Citi’s recruitment process is much easier as compared to Morgan Stanley or Bloomberg. It does not appear they need you onsite for interviews as everything is done over the phone. Pretty easy as compared to the others mentioned.
As for me, expect to have you resume picked at by these people. They will be asking detailed questions from the activity of your resume. In my case, it seems Citi will stress you need some form of commercial messaging tool like IBM’s MQ Series or Tibco’s EMS. In my case, I could only offer pure JMS (Java Messaging Service) which all these other commercial products are based off of. It seems they stress this lot.
As you imagine, if your job description from Citi requires a middleware messaging solution like Tibo or MQ Series, make sure you have it. JMS alone will not cut it. If I had this, I am sure I would have moved ahead pretty fast towards a job offer. Again, it was much easier recruitment process from Citi. They also pay premium here locally as compared to some cheap ass Canadian banks. Ugh. I am not proud to say that.

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