Trading floor - trading assistant

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Robin Shoneman: My name is Robin Shoneman and I work on the listed block desk here at UBS. I'm an assistant trader. This is my dog Muffin. She's a good way unwind when you get home from a tough day. Contrast between Stanford and New York? Here you've got seagulls and in New York you have pigeons.

[music] I trade stocks that you see on the New York stock exchange [silence] trading on TV every day. We take care of trades ranging anywhere from 10,000 shares of stock to millions of shares at a time. We aim for those bigger trades, it's better for us. Day to day volume per trader I would say is probably three to four million shares go through a trader's desk every day.

A trader on my desk? Their jobs are to basically facilitate customer orders, which means when a customer gives them an order, make sure it gets executed and to handle the company's risk, and the company's capital which means they can decide how to use UBS money to make it turn into profit and revenue. We are on target as far as [inaudible]. We're light on about 40,000 shares.

The job can get stressful at times. There is some shouting involved. You have to be able to speak up and people need to hear you. [noise] I think you need to be pretty resilient. If you do get yelled at, or something goes wrong you have to forget about it within 5 minutes so you can keep trading. [silence] My friends, um, they just don't seem to enjoy their jobs as much as I do. I can talk about my job for hours at a time, and to them it's just that, it's just a job. They work late hours and it's a more of a hassle than something that they enjoy [music]
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