SEinterns2024_desk_grouppic.jpg
Ebba, Anna and Henrik working on a business case, with support and insight from Lisa Fälth, graduate in Fixed Income Sales.

“We will truly miss being interns at the trading floor” – Great finale for Ebba, Anna & Henrik

06-09-2024 11:49

(SE #3) It’s been a great pleasure to have the three students, Ebba, Anna and Henrik joining us as summer interns at the vibrant trading floor in Stockholm – let alone hear that they’ve equally enjoyed their internship at Nordea Markets, Large Corporates & Institutions. During their rotation from desk to desk, they’ve learned a lot, by doing; been challenged with actual business cases and presentations, and got a feel for the Markets business and capital markets in general. Not to mention, made new friends and had good fun.

Read all about it in the third and final blog from Anna, Henrik and Ebba, telling what they’ve been up to the last weeks of their internship; joining the Fixed Income and Securities Advisory units, building profitable portfolios, and lastly the Risk Solutions team, hedging FX and interest rate risk in a final case, comprising all their learnings from their internship.

By Ebba Jernmark Burrows ,  Anna Hult& Henrik Edström

Ebba, Anna & Henrik.

As tradition, after six weeks of our internship, we got a weekly business case to jointly crack and then present. This week, our case at the Fixed Income desk was a little bit different; our mentors were traders, and not sales as we had in the previous weeks. We were to build our own portfolio of government bonds, corporate bonds, certificates, and swaps, with the goal to make it as profitable as possible within the week. 

We learnt a lot while executing the trades; how to ask for a price, bid/offer prices, how to fetch market value of a product from Bloomberg, and the underlying mechanisms of each derivative. Also, we learned how news could affect our book – or have no affect on the different products. It made our understanding of the markets much more tangible. 

By the end of the week, we ended up with a book profit, which we were very happy with, after the eventful and week. Our week with Fixed Income happened to coincide with a large unwind of carry-trades in Japan which resulted in the stock market deteriorating and the risk-off environment leading to a good market for fixed income products, especially the more secure bonds. For us, it was perfect timing since we got the opportunity to also learn about carry trades at the Fixed Income desk, and it also resulted in our portfolio performing. So, and exciting and rewarding week.

Securities Advisory – investing in equities and fixed income products

We then moved on to the Securities Advisory desk. Nordea has a lot of private customers who want to invest actively in both equities and fixed income products. These customers often contact Securities Advisory for insights on what bonds and shares that look attractive. 

Ebba, Anna and Henrik presenting their business case for Markets colleagues.

The case we got at Securities Advisory reflected what products these customers often are interested in. We got to build a larger portfolio for a customer for a long term investment. Coming out of an eventful weekend with the unwind carry trades in Japan and a stock market rebound, we also got to learn how this had affected equities. 

Risk Solutions – challenging case and great finale 

We spent the last week of our summer internship here at Nordea at the Risk Solutions desk which turned out to be a great week to end with. We got to apply all the things we’ve learned from the previous weeks into a case where we were to hedge a company’s FX (foreign exchange) and interest rate risk. We started of the week with presentations showing how the experienced colleagues handle it, and we then got to try it ourselves. Digging deep into annual reports and figuring out the suitable products and risk level was challenging, to say the least, and of course very educational.

Our journey as interns had then, sadly, come to an end. Combing hard work with a lunch in the sun was a perfect blend for the finale of our internship in Nordea Markets. We have really enjoyed it – and we will truly miss being interns here on the trading floor. Hopefully, we will be back one day.

/Anna, Ebba & Henrik

PS: After ending their internship, Ebba and Henrik have actually stayed on, and are now part-time students in Markets :-). 

Anna (the photographer), Ebba and Henrik enjoying a lunch in the sun with Markets colleagues.

If you missed out on the other blogs from Anna, Ebba and Henrik, you can read the previous blog "Buy. Hold. Sell ..." here, and their first blog here.  

Check out 'Meet our Talents Blog" for many other blogs featuring interns, graduates and colleagues in general from Nordea and Markets, Large Corporates & Institutions (LC&I).

Interested in a career at Nordea Markets LC&I?

Nordea Markets LC&I (Large Corporates & Institutions) is the leading international capital operator and investment banking partner in the Nordic region. Let some of our student interns, graduates as well as experienced professionals explain it to you; how it works, what we do, and about the many career opportunities we can offer you.

Explore the possibilities:

Students and interns 

Graduates

Future Finance Professional

Finland

 

Markets LC&I
Internship
Meet our talents
Blog
Careers