October 8th, 2011, 6:28 pm
Heard banks will be reducing CDS flow trading, is it still a good area to be in?I mean, from the buy-side perspective, are there profitable trading opportunities in this area? Are there money to be made? Is it worthwhile to start a career in this area? Is it a dying field? I mean if nobody trades CDS and if governments ban CDS trading, will I be in a wrong career field? (I am joining a buy side credit fund trading CDS)... On the other hand, hopefully my knowledge in corporates and fixed income will still help me even if in the future I have to switch to equities or global macro, etcCould anybody please shed some lights on me?