GameStonks!!! :rocket: :moon: Consumer & Retail Sales & Trading by Karl - January 27, 2021January 27, 20210 You'd have to be living under a rock if you hadn't heard about what's happening to GameStop yet - the meteoric rise in the stock price of the unprofitable chain of game stores has captured the attention of finance bros and regular joes everywhere. The stock, worth as little as
Economic Calendar Economics 101 Sales & Trading by Matt - February 19, 20190 Major Economic Data Releases Economists and analysts at major sell side and buy side institutions will prognosticate on where these numbers end up. Theoretically, current asset prices reflect these expectations. If numbers are better than expected, this will be a positive for affected assets and vice versa. Country specific data will lead
Interview with Sales & Trading Associate in Hong Kong China Hong Kong Interview Series Sales & Trading by Karl - November 11, 2018November 14, 20180 What sales and trading capabilities do the Big 5 Canadian banks have in Asia? Generally, Canadian banks have very lean operations in Asia. The biggest player in Asia would be Scotiabank, with an onshore presence in many countries - Scotia is Canada's most international bank. Scotiabank has the widest range of capabilities;
Hedging Policy for Corporates – FX, Interest Rate and Commodity Price Risk Sales & Trading Treasury by Matt - September 24, 2018September 24, 20180 In operating a large corporate with diversified cash flows, companies generally will find themselves exposed to large elements of market risk. The larger and the more complex the company, the more likely that they will have exposure to macroeconomic and firm-specific variables that are beyond their control. In this article we
How to Interpret Interest Rate Market Updates Sales & Trading by Karl - July 15, 2018July 17, 20180 If you aspire to be an interest rate trader or a fixed income trader, understanding interest rates is very important. Rates traders, especially those who deal with longer dated (10/30 year), hold some of the more prestigious seats on the trading floor and given the bespoke nature of the product
Understanding the Trading Floor Sales & Trading by Matt - February 18, 2018February 17, 20190 Written by a structurer at a major investment bank Compensation on the Trading Floor versus Investment Banking Getting paid on the trading floor is very different from getting paid in investment banking. From other literature, the trading floor is supposed to be much more meritocratic than investment banking – we can easily
Weekly Movers Aug 25, 2017 – Aecon Group, Capstone Mining, Hudson’s Bay, First Quantum, Copper Mountain Canada Consumer & Retail Healthcare Industrials Metals & Mining Sales & Trading by Karl - August 26, 2017September 18, 20170 Top Gainers Aecon Group Inc (TSX:ARE, Chg:19.3%) Industry: Industrials On Friday morning, Bloomberg broke the news that ARE has hired advisers to explore a sale. The stock jumped from $14.33 to $15.32 within 2 minutes and was subsequently halted by IIROC on unusual increase in trading volume. At the request of IIROC, ARE
Interview with: Foreign Exchange Trader Canada Currencies Interview Series Sales & Trading by Karl - August 22, 2017February 19, 20180 This interview was conducted with a FX trader at a major bank. How are FX desks set up? I work in Canada, so we have bookrunners for each geographical region for currencies – usually someone who deals with USDCAD – mostly flow business but the biggest book by far. There will be a
Weekly Movers Aug 18, 2017 – Westport, Hudbay, Trevali, Premium Brands, Kirkland Lake Basic Materials Canada Metals & Mining Sales & Trading by Karl - August 20, 2017September 18, 20170 Top Gainers Westport Fuel Systems Inc (TSX:WPRT, Chg:24.2%) WPRT posted a solid quarter validating that the operation is improving and the merger with Fuel System Solutions was the right strategic move. WPRT is ahead of schedule in realizing cost and operational synergies from the acquisition. Management is guiding positive adjusted EBITDA in
Weekly Movers Aug 11, 2017 – Aimia, GC, Semafo, Avigilon, Bird Construction Canada Consumer & Retail Financial Institutions Metals & Mining Real Estate Sales & Trading Technology by Karl - August 13, 2017September 18, 20170 Top Gainers Aimia Inc (TSX:AIM, Chg:30.3%) Industry: Consumer & Retail AIM announced that Air Canada would not review their long-standing relationship with Aeroplan post contract expiry in June 2020. AIM subsequently lost over 80% of its market cap since the announcement on May 11, 2017. The market feared that AIM was going