Stock trading is being traded through stock exchange. But foreign exchange business is done without any unification operation market and business network, it has no centralism unified place like the stock transaction. Due to the different geographical position of the various financial centre, the Asian market, the European market, the Americas market because of the time difference relations, it has become an entire day 24 hour continued operation whole world foreign exchange market. New York market opens, 0930 Chicago market opens, 1830 Sydney opens, 1930 Tokyo opens, 2030 Hong Kong, Singapore open, before dawn 1430 Frankfurt opens, 1530 o’clock London market opens.
So 24 hours uninterrupted movements, the foreign exchange market becomes a day and night market, only on Saturday, Sunday as well as the various countries’ significant holiday, the foreign exchange market only then can close. This kind of continued operation, provided no time and spatial barrier ideal outlet for investors, the Forex trader may seek the best opportunity to carry on the transaction. For instance, Forex trader buys up the Japanese Yen in the morning at the New York market, in the evening Hong Kong market opens the Japanese Yen rises, the Forex trader sells in the Hong Kong market, no matter Forex trader in where, he all may participate in any market, any time business. In the stock market, the rise or the drop of stock market could influence the value of the stock whether to rise or drop, for example the Japanese new date iron stock price falls from 800 Japanese Yen to 400 Japanese Yen, the value of this stock has been reduced to half.
150 billion funds has been shifted. MBAs are generally hired as associates. See Credit Suisse’s banking page for an example. The analyst on the project will usually be responsible for putting together a Working Group List which lists the persons at the bank involved, at the client, at the law firm handling the deal and at other banks, if there are any in a syndicate. Usually when you start in “banking” that means that you will likely end up in a coverage group.
Obviously, it pays to get into a group that is in area that interests you and that is doing good deals. In institutional sales you would be responsible for conveying information about particular securities to institutional investors. You would be likely to have heavy contact with portfolio managers and your own firm’s analysts and traders. Sales skills and product knowledge are crucial in this area as is the ability to get through to busy institutional investors.