A trade means buying or selling financial instruments such as stocks or bonds on behalf of clients. Sales & Trading execute such transactions from beginning to end. Sales manages the relationship between the investment bank and its clients. They offer advice on the market, pitch new trade ideas and help clients place specific trades with the investment bank. Once clients have decided how they want to move forward, the Trading team makes the trade, literally buying or selling financial assets from other investors. Traders also help manage the risk of their respective trading desks. Both Sales & Trading teams must react quickly to fluctuations in the market by determining what’s relevant to each client and how to present that information in a way that clients will understand.