How the Trading Floor Really Works

Conclusion

The research function is one that exists in a broad range of financial companies from banks to asset managers to hedge funds. Broadly speaking, their role is to give a view or an opinion on future market price moves in different financial products. A bank’s research department is made up of a broad range of abilities and focuses. There are research departments who focus on every asset class, some who focus on individual issuers and some on macro market trends. There are economists who are very technical and others who are more qualitative. There are trained accountants whose expertise is working through the details of the company’s financial reports. There are quantitative researchers whose expertise is analyzing esoteric options markets ...