If you are a cash equities trader at a large IB, you have been following company ABC very closely, you think that ABC stock should go up over the next 3 months, and your bank's research analyst also has a "buy" rating on the stock, what should you do?

a. Buy some ABC stock in your trading book and stay long the position until the stock reaches a level you feel appropriate, then sell the stock for a profit.

b. Nothing (except possibly in your personal account if permitted under bank policy) - when the bank has a research analyst covering the stock, other bank personnel may not express any views, even if they are directionally the same, i.e. bullish.

c. Nothing - as a "cash" trader you are only supposed to work on funding and collateral issues for the equities business.

d. Talk to salespeople and research analyst, let them know that you are interested in the stock and think investors would be well served by giving it a strong look. Explain any of your personal additional reasons for being bullish beyond what the research analyst has written. Tell salespeople you want to be an active market maker in the stock and that if they think it's helpful you are willing to speak directly with their clients.

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