S&T
Business & Finance abbreviation · Finance
| Stands for | Sales and trading |
|---|---|
| Categories | Business & Finance |
S&T stands for Sales and trading, a finance abbreviation.
Investment bank division that buys and sells securities, currencies, commodities and derivatives for institutional clients and makes markets in them. Salespeople manage client relationships while traders price and execute orders and manage the bank's inventory risk.
Example: After the summer rotation she chose S&T over banking because she preferred fast markets to long deal processes.
Usage notes
Usually split into equities and FICC (fixed income, currencies and commodities). S&T revenue tends to rise in volatile markets. The Volcker Rule, part of the 2010 Dodd-Frank Act, restricts proprietary trading by US banks, so S&T desks focus on client business.
Related abbreviations
More finance abbreviations
- ROCE – Return on capital employed
- ROE – Return on equity
- ROI – Return on investment
- ROIC – Return on invested capital
- ROS – Return on sales
- RRR – Required rate of return
- SAFE – Simple agreement for future equity
- SOTP – Sum of the parts
- SPA – Share purchase agreement
- SPV – Special purpose vehicle
- TLB – Term loan B
- TSR – Total shareholder return