Heya, does anyone know the turnover rate at Optiver, Virtu, and Flow Traders?
Getting conflicting information from HR and employees on the ground. Ofc I'm inclined to listen to the employees on the ground, but what I've gathered is that in terms of turnover, from highest to lowest, is:
Optiver > Virtu > Flow
Anyone in the industry able to shed some light on this?
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Virtu doesn't cull as aggressively as Optiver or Flow. They have that reputation because of their acquisitions; i.e. buying KCG or ITG and then firing most of those employees.
They are famous!
AFAIK Optiver > Flow > Virtu. Optiver culls about ~30-40% of its graduate class after 2 years, Flow around ~20%, Virtu a bit less.
Removed
IMC cuts about as aggressively as Optiver, but for different reasons. Optiver will fire you because you failed to git gud, IMC will cut you just because they can.
Where did you get this info? This is not what I see at IMC. The invest heavily in all their employees and don't hire and fire. The hire talent to make them successful not to see who survives the first 2 years. Totally different approach.
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