My Internship Report - Essay Example

Both of these activities contributed significantly to my knowledge. In the second week, I started paper trading of JGB futures under Mr.Daimon, I learned how to speculate on the market movement. In the third and fourth weeks under Mr.Matsumura, I was working on a project which involved downloading time-series data from the database called CQG and analyzing the tendency of the market movement using Excel. I detected a conspicuous tendency in the market movement and was able to create some trade ideas in the end.

These assignments have given me more confidence in dealing with tasks in such areas. After these four weeks, I moved to the FX floor which is the bank division of Nomura, and the manager there was Mr.Tonkin. I started my rotation within the FX floor from spot trading under Ms.Ito and Mr.Omae. I learned the basics of FX spot trading for three days, and then moved to FX forwards trading under Mr.Tonkin and Mr.Nakayama. Mr.Tonkin had given me an assignment to fix Swap Pricer spreadsheet and add more functions to it, so I was working on Excel most of the time.

But I was also watching and assisting Mr.Nakayama's forward trading, and learning how the deals are made. The information I picked up in these weeks has added significantly to my skill sets. During my stay on this team, the market showed a lot of movement, and it was an invaluable experience to be able to stay on the trading floor in this kind of atypical situation. After FX forwards trading, I moved to the sales division. Under Mr.Furumi, I was working on data collection and analysis of investment trust funds, and in the very last week of this internship, I created an Option Pricing spreadsheet under Mr.Osawa.The Induction Training on the very first day was extremely important to me as well because I was able to learn how the company is organized and came to know about company rules and regulations.

Some of the information was pure common-sense but some of it I did not know before. I think since our business is involved with conserving, monitoring and increasing money, we really need to have this kind of training to completely learn the rules of business and the characteristics of this industry.