Best Proprietary Trading Firms - 2010
IA
Tags:
(Baboon, 170
Points)
on 8/9/10 at 11:32pm
I know this topic was posted before, but it's been a while and a lot has changed recently. I'm looking to hear primarily from active prop traders and those with first hand knowledge and experience; what are some of the best prop firms out there right now, and why? how has HFT and black box/grey box trading affected these firms' strategies and profitability? What are they now looking for in a new hire? and of course... chicago vs new york vs other: what's the best city for prop trading?





JSC
JSC
jsc? yeh, if i had to name
jsc? yeh, if i had to name one "best" it'd be that my castrated crony
Other than JSC, I'd say
Other than JSC, I'd say Optiver.
I win here, I win there...
optiver is a fucking joke
optiver is a fucking joke give me a break. the only legit ones are jsc sig and getco
arden wrote: optiver is a
optiver is a fucking joke give me a break. the only legit ones are jsc sig and getco
Why do you think Optiver is a joke ? Did you have a bad experience with them ?
mcmoran23 wrote: arden
optiver is a fucking joke give me a break. the only legit ones are jsc sig and getco
Why do you think Optiver is a joke ? Did you have a bad experience with them ?
To resurrect a highly cliché quote: "Opinions are like assholes- everyone has one."
I win here, I win there...
Cities with good prop firm
Cities with good prop firm coverage - obviously Chicago, but also Amsterdam (the Dutch have a strong rep), London, Frankfurt and Zug.
In terms of companies - I like Optiver, SIG, JSC and Tibra (as an outlier).
The best - results? performance generally? Ability to outperform the market? Well, I'd say Optiver.
The best man always wins.
In terms of selectivity and
In terms of selectivity and compensation, the top two prop firms are GETCO and Jane Street. Right behind them are DRW, SIG, Jump.
Optiver is still good; they give a base salary of $80K/year to first-year traders, but they've been struggling lately and have fired a lot of people. I recently met an ex-optiver trader who left, and now he's playing professional online poker. He said it was fun working there initially, but after algorithms took over, the job got really boring.
aardvark trading.
aardvark trading.
anyone know anything about
anyone know anything about Eldorado Trading in Chicago??
I've heard the same thing
I've heard the same thing about Optiver. Transmarket Group is another one that has gotten hurt lately. Fired over 50% of their traders. I know these market conditions are more difficult to market make but are all of the MM firms getting killed or is it just certain markets or firms?
bman wrote: In terms of
In terms of companies - I like Optiver, SIG, JSC and Tibra (as an outlier).
The best - results? performance generally? Ability to outperform the market? Well, I'd say Optiver.
How on earth would you know performance/ability to outperform the market at multiple firms? Prop firms guard this info like the CIA does state secrets. Slight hyperbole, but you get the picture.
Also, there's been debates on this, but how do you define "performance"? You can't compare companies who do true arb strategies to companies that bet outrights on futures.
This is the stuff that makes me skeptical anytime someone wants to rank on "performance"
I would think that given all
I would think that given all the information available, DRW and Getco probably should make the list of firms with the reputation for smartest traders. Maybe Jump too.
That said, any kinda discovery on prop shop earnings would be kinda tough given that they're PROPRIETARY.
This is like trying to figure out which ten people in your small town are the richest. The response from 70% of folks- MYOB, or MYOFB if they're traders.
In reality, the best proprietary trader last year was a 14 year-old kid from Billings, Montana who thought some penny-stock candy company was a good investment and managed to snag a 15-bagger with $200 of his lawn mowing money. The only institution that really knows what the best proprietary traders/ trading firms are is the IRS- and in reality, they only know which US taxpayers who properly report all capital gains income are the best proprietary traders.
Work hard, play hard.
IlliniProgrammer wrote: In
In reality, the best proprietary trader last year was a 14 year-old kid from Billings, Montana who thought some penny-stock candy company was a good investment and managed to snag a 15-bagger with $200 of his lawn mowing money.
The ROI is off the charts but in the end all he was left with was $3,000 if in fact he had a 15-bagger. This is a big deal somehow?
IlliniProgrammer wrote: In
In reality, the best proprietary trader last year was a 14 year-old kid from Billings, Montana who thought some penny-stock candy company was a good investment and managed to snag a 15-bagger with $200 of his lawn mowing money.
Sounds like a pre-pubescent Timothy Sykes.
I win here, I win there...
It's a big deal because he's
Work hard, play hard.
Is this kid fictional? Any
I win here, I win there...
He's fictional, but if it
Work hard, play hard.
Are people seriously
Most people aren't even sure
Work hard, play hard.
Good post, Illini.
So nobody knows anything
It means you've got a track
Work hard, play hard.
Why are you concerned about
Jerome Marrow wrote: Why are
Gold Man Sack wrote: Jerome
Where do you hear about them
Can we get a ranking here?
Care to share how you came up
If I had asked people what they wanted, they would have said faster horses - Henry Ford
happypantsmcgee wrote: Care
Informative list SIG
SIG wrote: happypantsmcgee
If I had asked people what they wanted, they would have said faster horses - Henry Ford
One thing though - I haven't
monkeysama wrote: One thing
I wonder if their MD is
Five Rings Capital? WTH?
Work hard, play hard.
You're surrounded by karate
SIG wrote: Can we get a
Jerome Marrow wrote: SIG
I think the best list is base
monkeysama wrote: I think the
Oh yeah sure. You can't apply
Five rings have like only
Huh.....good to know about
vectorkid wrote: Five rings
monkeysama wrote: Oh yeah
Whatever man, I would beat
Wait, you made this list
Jerome you gotta understand.
Jerome Marrow wrote: Wait,