Trillium Trading
Anyone have any insight on them? See they have an event coming up for potential summer 2025 interns and wonder if anyone has anything to say about them as a company
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Based on the most helpful WSO content, here are some insights on Trillium Trading:
Unique Experience: Trillium Trading offers a unique experience for those starting their careers. The firm provides a significant amount of responsibility early on, which can be a great learning opportunity.
Training and Mentorship: New hires undergo a short 1-week training course to learn the trading software. After this, they are given ample capital to start trading and are assigned a mentor who sits next to them, providing guidance and support.
Capital Provision: The firm ensures that traders have more than enough capital to begin their trading activities, which can be a significant advantage for new traders.
Responsibility: From the start, traders at Trillium are given a large amount of responsibility, which can accelerate their learning curve and professional development.
If you're considering attending their event for potential summer 2025 interns, these points highlight the supportive and growth-oriented environment at Trillium Trading.
Sources: My Experience at Trillium Trading - 1st Year NYC, can someone give me insight on the culture at a physical trading house (vitol, trafigura, mercuria), B Riley, Blair, Stifel, Baird, Lincoln - Any Insight?
They are definitely a 3rd/4th tier trading firm. You should shoot for the most prestigious firms, but if this truly is the best you can get then take it. Gotta get your start somewhere.
I interned at Trillium this summer and loved it. It depends on what you are looking for in a career. If you're interested in quantitative trading you're better off trying other prop firms like Jane Street or HRT. At Trillium a lot of the strategies are discretionary, and as an intern you get a mentor who shows you his trading style and assigns you projects. My mentor would pretty much study everything going on in the market at a given time as well as know a little bit about every stock to be able to quickly react to news. A lot of the traders focus on trading and interpreting news headlines, while some others I spoke to spend a lot of time correcting market inefficiencies created by computers/algos. For example, one day RSP (an equal weight S&P 500 ETF) dropped 10% for 5 seconds after a market making algorithm made a mistake. A lot of traders caught that move (Trillium has 30 software engineers who develop trading tools to catch moves like this) and made tons of money, with one guy making $800k. There are many more strategies that traders at the firm use that I could go into, but I'll briefly discuss some pros and cons, as well as the comp structure so you can figure out if its for you.
Pros:
- High degree of freedom: once you're a trader you can come in and leave whenever you want. No "pls fix" at 11 PM on a Friday night. However if you're the type to come in at 9:29 and leave at 4:01 you probably won't succeed as a trader. Also once you hit 100K in profits you can pretty much wear whatever you want to the office.
- Potential to make a lot of money at a young age: My mentor was 29 (in his 7th year at the firm) and cleared 1.4M last year. Before I left he was up around 450K this year in July. A lot of guys there are very entrepreneurial and have businesses, real estate, or other investments outside of work as well.
- Interesting work (personal opinion): a lot of the job revolves around putting different pieces of a puzzle together (ex. news headline, price action, research done on a company, other stocks in the same industry moving, what you think is priced in, etc.) and testing your theory out.
Cons:
- Less translatable skills: Other careers in finance (like IB) will give you a wider range of opportunities. However, people from Trillium have gone on to work in HFs and other investing/trading roles.
- Low base salary: The base salary is low compared to other finance roles ($65k) because it is designed to cover basic living expenses while you learn how to trade. If you are looking for something stable this is not for you (more on this in the next part).
- High stress: Your income will be highly volatile with your trading performance and market opportunities. Trading is also by nature very stressful and the emotional side of it leads a lot of people to quit.
Compensation Structure:
- The base salary is roughly $65k. Within the first two weeks, you get $400K in buying power and your first $20k in losses are covered by the firm. This means you can learn how to trade without worrying about digging yourself into a P&L hole. However, you will have tight stop limits until you can prove that you are good at managing risk.
- At first you get 20% of the profit that you generate. Once you hit $100k in profit, it jumps to 50% and continues scaling up to 70% as you earn more. Traders will typically be able to hit this number within their first two years, which is the expected learning curve. I saw traders in their third and fourth years with $300-$500k in P&L for the year.
- Trillium also keeps a small amount of your earnings and pays them out over time to smooth your income. Not sure about the numbers for this but it was mentioned by a trader.
Overall Trillium is probably the best discretionary prop firm. If you are willing to put the work in and don't mind the lower prestige and base salary, you can get very rich. It's tougher the first few years but better income-wise longer term than a lot of other jobs in finance. I got a return offer and am probably going to take it, would be happy to answer any questions about the firm.
$400k in buying power? You can’t even buy 1 Nasdaq future with $400k. LMAO.
Cary Grill Alt Account. Trillium is a dogshit shop with no translatable skills and a tier better than the FX Guru Groups on Instagram where they post videos of interns fully dressed in suits sitting in a conference room drawing lines on TradingView charts.
It's a day trading shop. You can make decent money IF you are a top trader, but I'd argue if you're smart enough to make money through pure TA and discretionary trades you'd probably do better (and make a lot more) at a propshop/hedge fund. The exit opps would also be terrible, the skills you learn at a place like Trillium are almost non-transferable to how real funds/shops trade.
Your salary is based off your PnL and considering how volatile day trading is you would want to have at least a year of living expenses saved up to even consider working at a place like this. They also don't even pay a salary to interns, but a stipend that is less than minimum wage.
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