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I'd like to hear about this as well!
Interviewed there.
Training program is with 1 guy and his one strategy. The strategy is basically look at all the news that occurred overnight, summarize it, figure out some positions based on that news, and make those trades during the day. It is all news/catalyst based. Also pretty much all equities.
If you're good you can start trading before the 12-18 months, but two of the partners highlighted that they are really focused on the success of the new guys.
Other people in the firm do some options trading and a lot of healthcare stock plays, but that's not really part of the training program.
They told me you get 50% of you PnL and a million dollar book after the training program. These may not be 100% accurate unless you are good. Also on job descriptions it says 60k salary during training program.
They say they are very profitable, especially the news/catalyst based strategy that the one guy employs.
I asked them about turnover. They said they have had very little luck with experienced traders who tend to be set in their old ways. They have had 2 people go through the training program who are still there. They say they're doing well.
Everyone there, at least the 3 partners I met at the firm are really young, and dress really casually. They're normal people. Not specifically nice or mean.
-Compared to other prop shops it sounds like the best you can get, like a better version of FNYS, without the brand name though. The partners are ex-FNYS guys though
Any other Q's? I spent about 2 hrs interviewing there, haven't been rejected yet, but I'm pretty sure I didn't get an offer.
what kind of questions were you asked? what techs?
first round, phone, 15 minutes, they just bombard you with Q's
Second round, in person, talked to like 5 people and they give an overview of the
No, those are all the questions i remember
No probability questions?
A few questions:
Sorry, I don't quite know how prop trading firms are like.
Apex Capital Holdings, LLC. (Originally Posted: 12/18/2012)
Hello all,
First post and was just wondering if anybody heard of this company. I came across one of their job postings and it sounded pretty good. 12-18 month paid training period in which you obtain your Series 7 and than are allowed to trade with firm capital after completion. However, on their website I do not see a physical location listed which is pretty weird. Any information at this point would be appreciated.
I have a first round phone screen coming up with them and would also like to know more about them. What I do know though is that they are located at:
666 Third Ave New York, NY 10174
Sorry I couldn't be more helpful, but i'm kinda in the same boat as you
couple of top guys stopped by my uni; one was quite charismatic, the other reminded me of jim cramer of mad money fame. dude running it is former FNYS iirc
yeah, not much info online, meh
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