Trading with Olde Discount Corp.
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Authors
Lewis, Gary N.
Issue Date
1999
Type
Thesis
Language
en_US
Keywords
Alternative Title
Abstract
To gain exposure to financial markets, I spent the summers of 1997 and 1998
interning under a private client group with Merrill Lynch. It was during these
internships that the world of finance, and more specifically the financial services
industry, captivated me. While searching for a Senior Individualized Project (SIP), I
carefully pondered the numerous possibilities that the industry has to offer. I desired
a job that was challenging, intense and fulfilling. A job in the securities industry was
my most preferred choice. In the spring of my junior year, I read Liars Poker, by
Michael Lewis, a very detailed and controversial account of the life of an entry-level
trader with Salomon Brothers. Reading the book, piqued my curiosity about the
trading profession, and I found the intensity and excitement involved very
appealing. As a result, I decided that working as an intern on the trading floor of
Olde Discount Corp., in Detroit, Michigan would be a perfect fit for my Senior
Individualized Project. I served as an assistant on the Over the Counter (OTC) desk
reporting trades and quotations for order flow. The daily life on the trading floor
enabled me to further my knowledge of both equities and capital markets. During
my internships with Merrill Lynch, I spent a significant amount of time learning the
fundamental analysis of equities, and I viewed my internship with Olde as an
opportunity to refine that knowledge and pursue other facets of the securities
industry.
Description
18 p.
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License
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