Rhody Trader

Last month I found out I was going to be the victim of a corporate restructuring or downsizing or whatever you what to call it. The bottom line is that the analytic product I was working on was being eliminated. I’ve expressed my view that it was a short-sighted decision, but it was made well above my pay grade, so my input wasn’t sought.

Since that time I have been in various discussions to shift to another group in the company. For a while there it looked like I was heading for a position in London to fill an economist position on the European fixed income desk. It would have been an interesting move from both geographic and market focus angles. I’ve wanted to make a London move for years now, and very nearly did so in 2000, but at that point I took a detore into coaching collegiate volleyball.

Alas, I won’t be heading for London this time either. A forex analyst position has opened up on this side of the Atlantic. After some discussion with management it was clear that taking this position was the best option all the way around.

So I’m heading back into the forex arena somewhere around the start of 2009. Obviously I’ve been trading it all along, but I haven’t been a professional analyst in that market since the late 1990s. This will definitely be interesting. Things have changed a lot since then. When I left that market it was still almost exclusively an institutional one. Since then the retail side has exploded. That’s going to make things really interesting on this second go-round, I think.

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