A Day In The Life of A Banker - Fixed Income, Currencies, Commodities - Anchit D., Bank of America
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- Опубликовано: 18 окт 2024
- In this 2nd part of his talk, Anchit Desai, Director - Fixed Income and FX Sales, Bank of America (also an IIT Bombay and IIM Ahmedabad alumnus) takes us through just what it is that he does. From managing sales for fixed income, currencies and commodities, to touching upon the famous market crash of 2010 to explaining why trading actually happens in banks, Anchit tells us all. If you want to know the difference between what an equities department and FICC departments do at banks, or what it takes to succeed in a finance role, this is a must-watch for you.
Meanwhile, would you like to attend a Konversations Cafe event? Well, we have good news! Konversations Cafe is coming to Delhi on 14th March! To register, click on the link - bit.ly/3cwPHhg
This is part 2 of Anchit's talk.
Part 1 is here: • IIM Gave Me A Lot But ...
And you can watch part 3 here: • How Recruitment Works ...
If you don't want to miss any of our videos, all you need to do is join us on WhatsApp. Click here to join - bit.ly/Whatsapp...
Summary
In this video, Anchit takes us through how trading actually happens. He explains how trades are formed. He talks of order matching and how equity traders match buyers and sellers using algorithms. Further, he talks about what the FICC arm at a bank does and how it differs from the equity department.
He goes on to describe how a salesperson adds value to the FICC trading function. He talks about how researchers and traders actually try to gauge market insights by going to the field and connecting with stakeholders. He shares how India is going through an automobile crisis with auto sales dropping and how professionals on the trading floor deal with such economic, political and other fluctuations. He shares how the markets are affected by various factors. Basically, if you want to understand what makes markets tick, how commodities and currencies are traded, and the philosophy behind these movements, this is a must-watch.
Key Takeaways:
1. An equity broker gives you access to an automated order matching system, thus matching your interest and desired price with prospective buyers or sellers.
2. The salesperson in the FICC business works on getting more clients to trade with the bank.
3. The trader’s job is to make sure that the trade happens at a good price, thus earning revenue for the bank.
4. Equity is the value of the shares issued by a company or stocks and shares that carry no fixed interest.
5. Fixed income is a type of security that pays investors fixed interest payments until its maturity date. At maturity, investors are repaid the principal amount they had invested.
6. Over the counter derivatives = A derivative is a security with a price that is dependent upon or derived from one or more underlying assets. The most common underlying assets include stocks, bonds, commodities, currencies, interest rates, and market indexes.
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2. 3 Reasons To Pursue An MBA - Amit Grover, Entrepreneur, IIM Indore, IIT Delhi - bit.ly/2T4dSe2
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This guy is just brilliant. The way he explained market making is just beautiful
This video is amazing .The way everything is explained in detail .No other channel has ever presented these kind of videos ❤️❤️great work
You just gave an entire Economics course in 20 mins with all those definitions popping up 😂✌️
If you don't want to miss any of our videos, all you need to do is join us on WhatsApp. Click here to join - bit.ly/Whatsapp_Updates
If you liked this video, you'll be interested in the following:
Why Geeky Is The New Cool - IIM Ahmedabad, IIT Bombay - Anchit Desai - Bank of America - bit.ly/2TkhHNM
How Recruitment Works At B-School - Anchit Desai - Director at Bank of America - bit.ly/2PJwBuL
MBA Is An Experience; Not Just A Degree - Amit Grover, IIM Indore, IIT Delhi - bit.ly/2uStwBn
Salary Package Is Meaningless If You Don't Enjoy Your Work Ft. Nitin Sharma | Konversations Cafe S04 - bit.ly/2OviBnE
Being a student of Financial Markets, liked this video.
Really insightfull video no ego really good informative video
Yes! Have you watched the third part of our conversation with Anchit? If not, here you go! bit.ly/2VOhVOG
Can you pls interview a marketing person? Because I’m in my first year of BMS and confused to choose my Specialisation in my second year between finance and marketing.
Can we know a little about the host. We want a session on him please, he seems pretty cool.
Hi Tarang, The host is Ankit Doshi - the Founder of InsideIIM and Konversations. He is an IIM Indore alumnus and had worked at the Bank of America, before starting InsideIIM.com. You can watch a few videos of Ankit:
A Sure Shot Way To Be A Top Income Earner In India Before 25: bit.ly/TopEarnerIndian
Careers In The Times Of Coronavirus: bit.ly/CareersAndCoronaVirus
Arrogant Fool At An IIM: bit.ly/ArrogantFoolAtAnIIM
Ankit Doshi's Tryst With Finance: bit.ly/TrystWithFinance
You can also check out the stories written by Ankit: bit.ly/AnkitDoshi
@@InsideIIMKonversations
I was just watching his video on tryst with finance and learned he is from Narsee Monjee, Dude I study here too (but I am studying in NMIMS, doing law). It's irrelevant but was just happy to see someone from the same Insti, I plan to further do either CFA or MBA and work in IB. Thank you for inspiring me. I learned for the first time in my life through your videos that finance and capital market's is exactly the kind of things I want to do in my life.
@@tarangsarawgi7224 All the best, Tarang!
If we as a bad at 10th and 12th accedamics then also we can join iim's
Yes, there are several examples around us who have made it despite a bad 10th/12th score
So go for it.
Mr.Moderator, please allow the guest to speak.
Bhai moderator tu gyaan kam de.
Damn we must look like dumb kids to him....