Daniel Mooney - Derivatives trading

🥯 Note from Ellie: I was super excited to learn about the different types of derivatives trading from Daniel. Hearing about his experience switching from sell-side advisory at BoA to buy-side at an insurance firm was fascinating. Before our chat, I only knew about commodity derivatives like oil futures from my Corporate Finance course. Daniel's stories really opened my eyes to the wide world of derivatives trading.

• Career Journey

  Career journey

  • Moved to NYC to work on the derivatives desk right after graduating from Denison with a History degree.

  • Transitioned to S&T with a focus on derivatives post MBA.

• Types of Derivatives Worked on

  • Interest rate derivatives.

  • Fixed-income derivatives with small margins.

  • US Treasury derivatives.

  • Private credit derivatives.

• Sell-side Derivative Trading (BoA)

  • Help clients hedge risks.

  • Engage in more speculative activities.

  • Market maker - Make money by staying ahead of the market.

• Buy-side Derivative Trading (Now)

  • Run risks reports and manage derivative futures and slopes to hedge insurance portfolio.

• Advice for Students

  • Develop genuine interest in market dynamics - analyze market changes, driving narratives of causes and magnitude

  • Frequently follow market expectations and political influences

• Questions to Consider When Trading Derivatives

  • Does the market's current movement align with our exposure along the treasury curve?

  • How do economic impacts influence our positions?

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