Simplex Investments Chicago Prop
Anyone heard of Simplex Investments? They are a prop trading/ algo firm in Chicago. I have seen a lot of reviews from 2012 and earlier. Nothing more recent, looking for opinions on them.
Simplex Investments (Originally Posted: 02/26/2010)
I was wondering if anyone has heard anything about Simplex Investments. Is it a good firm? Is their pay competitive? Do their traders do well? Any thoughts would be great.
I interviewed with them back in 2006. Not impressive. Just a typical options trading prop firm with a dingy office. I think base salary was like $40K.
Would you work there if you had no other options in the industry?
What a terrible name...am I the only person who immediately thought of herpes?
HAHA
Yes horrible name. I would take it if it was my only option and I wanted to do trading.
If you begin at one of the lesser prop shops, is there a good chance of later on getting a job with a better company?
I can't comment on that because I do not have experience in that area. I would say you have a better shot of moving up from a lower shop than you do if you take a job at Kraft doing corp finance. If you want to do trading then do it regardless of the place.
You want to be yelled at constantly at work? You want to get fired within first couple of months?
Do some research on elitetrader you will know what this firm is like, probably the worst one on earth...
I have no problem with a little bit of yelling.....alot of money is at stake. How many of their hires do they fire on average? The people on elite trader never seem to know exactly what they are talking about.
you can search on LinkedIn, and see how many people only worked there for a few months...
i saw a girl's profile on linkedin who worked at simplex for about 2 years and then went to harvard business. no idea how she got in. it's nearly impossible for prop traders to get into a top 3 MBA program.
What makes you think her going to Harvard had anything to do with Simplex?
Maybe she beat the hell out of the GMAT
gmat score alone is not sufficient to get into a school like HBS. this isn't law school where a perfect LSAT score will all but guarantee admission to harvard law. one of my best friends worked at McKinsey, engineering background, 770 GMAT, and got rejected at harvard, stanford, wharton, and columbia.
my guess is this girl made tons of money for simplex; perhaps she devised a new trading model for them. and as a result she got really good recommendations. also, it's easier for girls to get in.
yum... herpes sores crusted around the mouth
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