Volatility carry in FX; Citigroup Global Markets

Abstract

The internship was designed to give an overview of all aspects of the business, mainly Sales, Trading and Structuring. The 10 weeks internship was based in FX and was meant to give a brief overview of all the departments of the floor. At the FX Options trading desk, the first couple of weeks were spent in familiarization with the floor and the traders' work. The next four weeks focused on a project and a number of assignments. There were some small assignments which are enlisted below: (i) Time-Series analysis of behavior of EURUSD with respect to differen't'mC'torS' (ii) Analysis of seasonal trends in BoP of India (iii) Prepared dynamic printable calendar with information of all major bank announcements (iv) Built a structuring simulation game for corporate clients Other than this, there were small stints on the FX Sales, Structuring, Equity Sales, Treasury desks as well which were focused on giving a brief idea of how things worked in different desks.