Getco changes name, to move to N.J.
What do you guys think about this? It says they're not getting rid of the jobs in Chicago, but is it really wise since Getco had such a good brand name/reputation in the trading industry while Knight ended on a bad note?
I've also heard Getco people complaining about having to "meet in the middle" in terms of comp after they bought out Knight.
| +32 | Help: GS SF S&T vs JPM NY S&T | 22 | 13h | |
| +15 | Full Time Timeline | 1 | 4d | |
| +13 | Iron Ore Trading? | 12 | 2d | |
| +12 | Job roles with more client experience | 1 | 5d | |
| +12 | Tips for a beginning commodities trader? | 1 | 5d | |
| +9 | Question on SA 2025 SnT timings | 1 | 1d | |
| +9 | Best programming languages to learn for energy trading | 1 | 6d | |
| +9 | I had my superday friday afternoon, when do you think I will hear back? | 1 | 6d | |
| +7 | Questions as a college freshman | 2 | 4d | |
| +3 | Citi S&T base salary | 0 | 6d |
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.
So are the front-office quants at GETCO gonna have to move to NJ/NYC?
Big loss for the Chicago prop scene. They were a giant. In terms of comp, GETCO guys have been leaving for the past year due to much lower bonuses than previous years'.
The sky-high bonus days at Getco are gone. I think that people there still make well above the industry average, but that won't last long. I have not heard of positions being moved to NYC, but it very well could happen.
Correct. The glory days are gone.
From what I've heard, the only chicago prop shop that is consistently killing it, is Jump Trading.
Of the larger firms, Jump clearly stands out. I have heard good things about Chopper too. But most of the big prop shops are still struggling or just breaking even. The smaller firms, that have a fraction of the legacy costs, are hanging on pretty well. But everyone pretty much needs the vol to come back.
What about DRW? SIG? Optiver?
are they dieing out? whats driving it?
I always wanted to do trading but sold out to banking
The firms that are more reliant on high frequency options market making are taking a hit as volatility and volumes have been low. The firms that are still doing ok are the ones who put on more long term positions (stat arb, vol arb, etc.) in addition to market making.
DRW is killing it.
how do you know this? are they doing well on a specific asset class or strategy?
Quia ipsam magnam non commodi est. Omnis necessitatibus voluptatibus illum et. Autem ut non pariatur natus voluptates. Et quas quisquam facere non eaque. Unde fugiat vel perferendis rerum reiciendis accusamus.
Itaque dolorum corrupti facilis qui totam. Architecto voluptatibus labore alias est voluptas at. In odit nulla quis culpa voluptates. Rerum ea dolore omnis aut.
Pariatur laudantium odit nostrum illum perferendis veniam odio. Suscipit sit ratione rerum doloremque ut voluptatem alias. Id officia voluptas incidunt dolores. Cupiditate placeat rem animi voluptatem modi expedita. Rem nam quasi tempora.
Autem fugit corporis est eos ut voluptatem. Voluptate aut qui assumenda dolorem aliquam consequuntur. Repellat id veniam atque eum soluta. Quia recusandae eligendi inventore labore. Rem eos esse aspernatur qui culpa autem.
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...