Sales and trading are key functions for any investment bank or hedge fund, on both the buy side and the sell side. There is something of the detective in people who work in these positions. High frequency and algorithmic traders, for example, use their quantitative skills to uncover and profit from small price discrepancies or to identify expected recurring relative price relationships.
On the sell-side, team members consider the applicability and value of specific esoteric derivative products to meet a client’s objectives. Trading activities involve market-making, with the goal of profiting on the bid-ask spread, taking positions only as inventory.