Both types of jobs can be brutal and subject you to abuse.
Both types of jobs can be brutal and subject you to abuse. Providing liquidity for clients sometimes means Long has to think on her feet to make money. The daily contact is paramount because her prices for her product are not publicly posted like the government bonds that Calvetti trades. If interest rates do fall, the client gets paid at a higher level than it is paying out and therefore makes money. Strang says traders today, both female and male, have diverse goals. When other sources of borrowing dry up, project finance is generally still there. When American Tower bonds later rallied, she made a profit.
Traders are paid to identify relationships between financial instruments that over time can go out of sync, such as Long's Level 3 bet. In October, she bought a credit swap from a client that would provide protection if American Tower Corp. In those early days, traders tended to be valued more for their quickness with numbers than their social grace.
Morgan Chase trader Sara Strang, 29, says she considers Masters to be her mentor. UnitedHealth Group is an innovative leader in the health and well-being industry, serving more than 55 million Americans. She says she wanted to be a trader after working as an intern in the pits at the Kansas City Board of Trade. Strang heads a four-person team that trades options on interest rate swaps from the sixth floor of her Park Avenue building. As in trading, she likes adventure in her personal life. Also, the relatively nascent market was tested by defaults, including Enron Corp. Derivatives derive their value from another primitive security. She and her husband went to the Chilean section of Patagonia in January.