Best Response

...that Cutler is a decent group. I hear they have a variety of paths, but I'm not sure. E.g., you may be able to put up some money and get a better split, or you may be able to trade their money exclusively (and get a lower split of PNL).

The best thing you can find out is how good their technology is (the entire solution, from software and scripts to exchange connections, etc.) Ask current traders, not just their recruiters/managers. Tech is everything in electronic options market making. Find out what the mean and median bonus (net income from PNL split) of traders there is. Ask diplomatically, but that's the kind of info that they should be proud of and willing to share if they're doing well and if you are a good candidate. If people aren't doing well there, but they are still recruiting, then it could be the kind of place that makes money off of marked-up clearing costs-- you don't want that. Note that I have NOT heard anything bad about Cutler-- you just need to do your due diligence. Good luck, and let us know how it goes.

 

I have interviewed at Cutler. I think it's a pretty typical interview process for this type of gig. You should expect brainteasers, math questions, discussion of markets -- all that sort of thing. I think they are looking for sharp people who have demonstrated interest in markets, but that's just my opinion.

Everyone I met there seemed pretty smart and I think it's a pretty good shop. Good luck in your interview (if that's the reason you're asking).

 

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