Have already browsed search function and had a few additional questions about First New York. Would love if any of you could give me more info/confirm what I've heard as some info on site seems dated.
1. How many assistant traders per class/how many of those get promoted to trader?
2. During the trial trading period, have heard starting bp is 500k? Can someone confirm?
3. How long is trial trading period/what is considered a good enough percent return to grad to trader?
4. How much classroom work is there during training? Any tests besides Series ones?
5. Assuming good performance, what is max cap given? If they only have $350mm and 200-230 traders, it seems like only $1.5mm per trader, which can't be right.