Benedix Success Interviews - Sales & Trading
Every few weeks we publish an interview with someone currently established and working at a high level in finance. The interviews can give you a stronger understanding of individual roles within the finance sector, as well as giving you an understanding of the lifestyle in the City. Use them to find out what the high-fliers do and then model their success.
Our most recent interviewer was with Roger Hambury, Trading Director at spread betting firm CityIndex. This is a great interview for anyone looking to go into sales & trading, and Roger elaborates on the difference between the types of people who do well in market making vs sales trading:
“…A market maker is like an ex-LIFFE trader - he’s got to have that extremely sharp brain because he’s competing against thousands of other people very quickly. You’re going to have somebody shouting at him asking for a price, and he’s got to make that price and stand by that price, plus he’s monitoring all his risk.”
“…A sales trader would be given clients – if you have a high net worth client, he’s going to want to be kept in touch all day of what’s going on in the market, what his positions are and what he’s interested in. He may say to you, “call me if Vodafone hits 180”, so you’ve got to remember to call these people. It’s all about loyalty and giving a good service because now, competition wise, everyone can offer the same commission rates and margin rates. It’s really that they just want to speak to you.”
Download the full interview to find out more.