From my understanding Chicago Trading Company is around the same "tier" as Akuna and perhaps slightly less. They seem pretty collaborative but I don't really have any information on full time compensation/growth, and other factors so if anyone knows anything I would love to hear more. I also do not know anything about Seven Eight Capital.
| +13 | Iron Ore Trading? | 12 | 5d | |
| +9 | Loser on the trading floor - help please! | 0 | 2h | |
| +9 | SA class size in BB FO (IB, S&T, AM PB) | 1 | 6h | |
| +9 | Question on SA 2025 SnT timings | 1 | 4d | |
| +9 | AVP / AD Fixed Income Trader Salary | 1 | 14h | |
| +4 | Understanding the Yield Curve | 2 | 3d | |
| +3 | Citi lateral hire | 2 | 17h | |
| +3 | What NOT To DO in S&T and Banking | 3 | 1d | |
| +1 | Difference in ops between Glencore and Trafigura. Commodities, path to trader, enjoyment of ops. | 3 | 12h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
bump, please help!
bump
These are not comparable firms.
Seven eight capital has 15 employees according to their website
CTC is a large trading firm
How would CTC compare to Akuna? I wasn't directly comparing Seven Eight and CTC.
I’d put CTC as probably just a bit worse than Akuna, but they’re still quite a solid shop (above the likes of Belvedere/PEAK6/TransMarket Group/Group One/etc)
Seven Eight is a Schonfeld quant pod (they structure many as separate orgs). I think a seat there would be very appealing (startlingly stable capital, small close team to learn, good performance from what I've heard). Akuna > CTC otherwise. Would do Seven Eight over Akuna or CTC (running equity quant L/S in a market-neutral setting is way more transferable/scalebale than derivates market making).
So for CTC, looks like trader positions are off the table, and only “trader clerk” is left.
Is it worth applying for this one? It seems more of a glorified administrative job rather than having to do with trading, but the requirements of the position seem to still emphasize mental math and quantitative skill.
I’m considering applying just as practice for other prop shop trading positions that have similar interview structures, and worst case scenario I get the job, which wouldn’t exactly be a bad thing.
Fine as practice for interviews, but likely not too valuable as an actual experience - what year are you? Akuna is still hiring for the trader position (but you literally only get to apply once during college, since they blacklist), as are a few other firms.
Worst case, do this clerk position or something else and try for actual trading positions next year.
Thanks for the advice!
I'm currently a senior, and I'm going to graduate in May. I'm planning to apply to Akuna and what ever few firms are still interviewing candidates this late.
Unfortunately, I learned about prop trading late so I haven't had much time to prepare, but I'm just going to try my best this year, and worst-case scenario, I'll try again next year, no big deal. I wouldn't mind doing that clerk position in the mean time, or anything even related to trading before going into actual trading.
Id aliquid molestias nisi qui. Non enim voluptate aut aut ullam exercitationem accusantium recusandae. Perferendis accusamus accusantium sit. Est similique temporibus ut quia est. Atque sunt voluptas voluptas. Harum et et magnam laudantium alias eligendi odio vitae. Corporis reprehenderit aut sit dolorem quibusdam quidem.
Minus possimus culpa recusandae. Repellat mollitia autem nostrum delectus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...