Where are these traders?

One devastating picture of a Wall Street trading floor says it all

http://www.businessinsider.com/ubs-trading-floor-in-connecticut-2016-9

 

The Stamford frontoffice staff were moved to NYC, as the article mentions in passing.

 

Where are the traders that became victim of downsizing?

 

They're all on twitter. It seems like every third very smart guy on twitter is "ex-UBS."

 

We ain't like Em' & I don't care where they are till' my setups stay profitable.

@billyjoerob Aha. Most are dumbass on Twitter.

 

Sounds like they weren't making markets.

Great article.

http://mobile.nytimes.com/2015/07/2...street-pulls-in-its-horns-in-connecticut.html

By browsing more I've read that their Sales and Trading internship program was almost exclusively in Stamford. A rotational program with two 3-week and two 2-week rotations across FICC (Fixed Income Clearing Corporation) and Equities. Their "Prime Brokerage" desk was in NYC.

https://en.m.wikipedia.org/wiki/Sales_and_trading

 

@Baron, I'm pretty sure it's about the prop desks. They've all been decimated at the banks... I would say most of those traders fall in 3 categories:

1 - made enough, doesn't care one iota about anything and enjoys golf, martini's on the beach etc.
2 - was smart enough to be picked up by hedge fund industry or set up their own firm with a group of colleagues
3 - wasn't that smart to begin with, doesn't have enough to do whatever and is now working 9-5 "real" job, probably in sales

 

" The Wall Street Code

Story of genius Wall Street algorithm builder and former high frequency trader Haim Bodek, who now warns against the system he was once part of.

Year: 2013 "
http://documentary-movie.com/the-wall-street-code/

 

I understand the question is rhetorical but there was a value add in terms of ideas on hedging or optimizing a strategy....