{"id":11638,"date":"2023-06-22T22:40:58","date_gmt":"2023-06-22T21:40:58","guid":{"rendered":"https:\/\/www.simtrade.fr\/blog_simtrade\/?p=11638"},"modified":"2026-02-18T20:56:35","modified_gmt":"2026-02-18T20:56:35","slug":"experience-trading-floor-intern-cic-market-solutions","status":"publish","type":"post","link":"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-trading-floor-intern-cic-market-solutions\/","title":{"rendered":"My experience as a trading floor intern at CIC Market Solutions"},"content":{"rendered":"

\"Tanguy<\/a><\/p>\n

In this article, Tanguy TONEL<\/a> (ESSEC Business School, Global BBA, 2019-2023) shares his professional experience as an intern at the Bordeaux trading floor of CIC.<\/p>\n

About CIC Market Solutions<\/h2>\n

Logo of the CIC Market Solutions.
\n\"Logo
\nSource: CIC Market Solutions<\/p>\n

My internship<\/h2>\n

I joined the trading floor of CIC Sud-Ouest (the South-West branch of CIC) which is divided in two desks (FICC – Fixed Income, Currencies and Commodities, and asset management) to provide personalized advice to local corporate clients for their investments and risk management. There, I assisted sales and asset managers in their daily duties.<\/p>\n

My missions<\/h3>\n

As an intern, my tasks were very diverse as I have been assisting both FICC and asset management desks. In a day, I would operate the trades reconciliation, monitor the limit orders execution for the sales traders, research and analyze data for the asset managers in preparation of client meetings and do reporting to track the performance of investments. Finally, I helped with management control and middle office tasks such as new clients\u2019 registration.<\/p>\n

Required skills and knowledge<\/h3>\n

While some technical skills such as Excel\/VBA are welcomed, the most important skill to have is curiosity. Indeed, as financial markets are constantly evolving it is important to look for anything that can help explain any change, whether in the products\u2019 performances, in the regulatory environment or in clients\u2019 demand to react proactively.<\/p>\n

What I learned<\/h3>\n

During the internship, I learned about the financial solutions provided by a trading floor. On the FICC desk, I was exposed to derivatives and other complex products. On the asset management desk, I discovered the world of EMTNs (Euro Medium Term Notes) which are structured products.<\/p>\n

Overall, the internship allowed me to get a broader understanding of the financial markets as I could see the impacts of the markets and the broader economy on clients\u2019 needs, and the impact of client\u2019s needs on the type of products offered by the bank.<\/p>\n

Financial concepts related my internship<\/h2>\n

EMTNs<\/h3>\n

Euro Medium Term Notes (EMTNs) are a type of debt security that is issued by large corporations, financial institutions, and sovereign governments to raise funds for financing purposes (so the bank can loan money). EMTNs are similar to traditional bonds in that they pay a fixed or floating rate of interest and have a maturity date. One of the key advantages of EMTNs is their flexibility. They can indeed be tailored to meet the specific needs of investors. In practice, the structurers can work on guaranteeing the capital, on the yield\u2026 They usually obey rules (such as \u201cThe EMTN pays 7% per year for 3 years, then the spread between a rate and another. When the EMTN has paid 22% or at the end of the seventh year, the product ends, and the investor gets his or her capital back.\u201d).<\/p>\n

Derivatives<\/h3>\n

Financial derivatives are financial instruments used to manage risk. They derive their value from an underlying asset or group of assets. Derivatives can be sold for a wide range of assets such as interest rates, currencies and commodities, which are traded by the FICC desk.<\/p>\n

There are several types of financial derivatives. The best-known include futures contracts, options contracts, swaps, and forwards.<\/p>\n