Career Hackers Bulletins

Trading Floor大解構💡S&T唔係得Sales同Trader?除咗股票仲會trade啲咩?

作者:Career Hackers Editorial | May 9, 2023 12:00:00 AM

Trading Floor大解構💡S&T唔係得Sales同Trader?除咗股票仲會trade啲咩?一講起投行入面嘅Sales and Trading, 大家好容易就聯想到DiCaprio喺《華爾街狼人》叫新入行嘅同事「sell me this pen」,又或者佢喺trading floor度極速pitch到個客嗰一幕。不過電影始終係電影,實際上嘅Trading Floor又係咪咁呢?今次我哋就探討下其中Sales and Trading (S&T)喺投行嘅角色係啲咩,同埋佢哋每一日sell緊啲咩啦!仲有仲有,記住睇到最尾留意我哋新出嘅S&T webinar,由insider解答所有你對於S&T嘅問題!Sales and Trading係乜東東?喺股票市場入面,除咗我哋呢啲大眾投資者,仲有喺buy-side嘅唔同fund managers以及institutional investor每日好大手筆幾百萬上落咁交易緊。而S&T做嘅,就係幫呢啲大戶搵一啲值得投資嘅公司 / 投資產品,並且喺啱嘅時機操作佢哋嘅交易。喺呢個過程入面,S&T成為買賣雙方之間嘅橋樑,平衡市場上嘅供求,亦都透過買賣之間幫投行賺取差價(bid-ask spread)同埋交易佣金。以前S&T俾人嘅印象就係喺Trading Floor不停打電話pitch啲客,但係時代進步咗之後,已經少咗用電話,變咗喺Bloomberg Terminal直接收到客人嘅message落單。Trading Floor上嘅三類人再仔細啲咁睇,S&T有三大角色,分別係Sales、Trader、Structurer。.Sales:佢哋係接觸客戶嘅最前線,同客戶建立信任,負責打理一切同客戶嘅溝通。通常啲客(啫係fund managers)會就著佢哋有興趣嘅股票,搵Sales問價。好多時,Sales亦都會將手頭上有嘅股票pitch俾啲客,鼓勵佢哋買。.Trader:佢哋負責幫客戶實行佢哋嘅交易。正因為佢哋要為客戶喺最好嘅價錢做買賣,所以佢哋一定要有好好嘅數理能力,對各種投資產品有充分了解,而且精通市場運作,用直覺捕捉到買賣嘅最佳時機。.Structurer:S&T除咗Sales同Trader以外,仲有啲咩?有時候,投行準備嘅投資產品十分複雜,並唔係Sales可以三言兩語解釋到俾個客聽。呢個時候,Structurer就會幫手去pitch,而佢哋亦都經常同Trader合作實行交易。除咗呢三個之外,仲有Sales-trader、Primebroker等其他唔同嘅role,個post講唔曬但係我哋會喺webinar度詳細介紹!實際上Trade啲咩?無論係Sales定Trader,一般投行都會根據product將佢哋分為兩大group,分別係Equities同Fixed Income Currencies and Commodities(FICC)。S&T想要啲咩人?S&T往往要喺trading hours入面爭分奪秒咁pitch啲客,所以入得行嘅都要轉數快,對市場同特定嘅product好了解,而且要識得風險管理,仲要可以喺客人同市場嘅壓力下perform得好好。究竟要喺interview點樣先展現到適當嘅intangibles同role fit?我哋Career Hackers就邀請到喺US Bulge Bracket Bank S&T做緊嘅Hazel,出席嚟緊5月13日9pm HKT嘅webinar:【Excel in Sales and Trading: Insider Insights and Strategies for Breaking in】Hazel將會以行內人嘅身分,分享下點樣入行,同埋:✅ Bulge Bracket Bank同亞太區嘅S&T實況✅ S&T人工、出路、職場晉升階梯✅ 唔同Roles以及各自嘅Requirements✅ S&T所需嘅intangibles✅ 請人嘅內幕消息想知多啲S&T每日係做啲咩,去bio link register個webinar直接問Hazel啦!