Hi s0mmi. Please private message me as I cant use the function yet. I've got something to share
Hey Sommi the beast,
I've been trading at a prop shop for about 10 months now, and the journey has had its highs and lows. I dont know anyone that trades the German schatz/bobl/bund, with no one to take the journey with. From what I've read its 1/6/5 for the schatz/bobl/bund hedging rato. I dont know how to chart it either, I've been experimenting. I'm Just lost and I don't know where to start
Hey bro the Ratio for that fly (DV01) can't be 1/6/5 because the 2yr bond has such a d0gsh*t price.
What firm you at, what do you trade? If you are 10-months in and its not too late ,you might have to start looking at better ways to make money (e.g. trading outrights, go off market profile).
Fighting spreads in todays market is suicidal if you dont have a giants shoulders to stand on.
Thanks bro, yeah FML bloomberg is useless. Trading spreads is definitely difficult in the bank bill market. I prefer if we could talk on discord my name is immiscible#1909. Ill be more then happy to talk tonight :) Thank you Sommi, you are one the only honest people here.
Hi S0mmi, what are you thought on Star Beta? Are they legit? or should I apply for Propex instead?
Hi s0mmi, I've read a few of your posts on propex and a few on aliom before they merged with epoch to become genesis prop trading; I was wondering what your thoughts on genesis were and if you would recommend either propex or genesis for me? (I was successful in both my applications to their trainee program, just not sure on which to side with).
Check your PM for the honesty and truth
Hi S0mmi, i just start prop learning how to trade bills, and 3-10years in Aus as well, i m very interesting about the spreading part, is it possible to get your email contacts so i can ask u ?
remove the hyphens
I am a prop trader for the last 10 years in the UK but I am looking for new spreads - do you still trade the BUND v OAT ? How do you find it? I have been trading it for a couple of months
Sorry for the 1.5 year reply
Bund vs. OAT I do not recommend because their underlying fundamentals come from political risk divergence, but all relate to the same Euribor interest rate pricing.
If you have access to some exotic interest rate data (like bloomberg or the CQG alternative price feeds) then we can work something. You would need the different yields for France and Germany using hte same coupon rate
I strongly advise to stick to same-country curves. Europe is a piece of shit and the whole contintent is basically f*cked. Do not play around cross-country stuff there
Stick to germany, stick to the UK, theyre fine :)
P.S. The reason why I say dont touch italy and france and the rest of the pieces of sh*t is because their spreads go from 10 tick ranges to 200+ tick blowouts. We're talking like 10-20 sigma events out of nowhere, for NO REASON. Theyre all dodgy institutional pieces of sh*t as Bonds
I read your 'top 3 guys' thread from last year. Was an interesting read. You mentioned your were in Aus. What firm are you at? In time, I'm looking to get backing for some models I've developed but I really only know of Propex. Do you have any names of prop houses or systematic funds about the place?
My testing has been over ASX 100, makes on average 25%pa, average trade time is around 4 days. The reason I mention this is that my understanding of places like Propex is that they only want to churn intraday and wouldn't post the margin for overnight trades. Particularly for cash equities. Thoughts on this also?
I'm still at Propex. As a prop firm, they look for people who are profitable with their trades. They don't just want churn-and-burners everyday as that model seems to be dying to HFTs and algorithms. I would advise you have a go because there is an equity division team. However, you want to make the most of your size that you can do, and make at least 6 figures a year.
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