By Sara & Mikaela
We’re now going towards the end of our internship at Markets. Since our last blog, we’ve had one week vacation. Even though it was nice with one week off, we were both quite excited to come back to the Markets trading floor in Stockholm, and looked forward to meeting new people at new desks.
So, back at Markets, we kicked off at the FX desk. We began the week with FX basics such as currency pairs and what factors affect the FX market. We quickly realised that the FX team uses a certain lingo which, for an outsider, made it a bit tricky to follow the day-to-day conversations. For example different currencies and currency pairs have their own nicknames; e.g. SEK is called Stocky, NZD is called Kiwi, GBP/USD is called Cable.
As ‘usual’, we got a new business case, and this week our task was to identify a potential client’s FX risk and present a hedging proposal. We think (hope) we did well!
Hanging out with the FX team
During the week, we also went for an ‘after work’ with the FX team, and enjoyed drinks and bowling. It was really fun to hang out with the team and get to know them outside the office.