Smaller Day Trading Shops

Hi All,

I am currently seeking some advice regarding how I can break into the Trading industry. I am from a non-target with a less than stellar GPA (3.3; 3.8 w/out Pharmacy Freshman Year). Had internships in Siemens Tax Dept, BlackRock Ops, and Lehman Finance.

While I know I have a better chance flying out my window and punching a squirrel in the nut than I do landing a Trading gig at a top BB, I am seeking to join a smaller/boutique shop or perhaps get into trade support for a HF/PE firm.

I was hoping to get some advice as to which shops I can look into. Is there perhaps a list by region? I do not think I would, unless really necessary, move outside of the East Coast. Furthermore, if the smaller shop doesn't work, how can I get into a HF/PE firm's Back Office? The sources I check (SimplyHired, Doostang, eFinancialCareers) usually list only BB firms. I hardly see any MM/HF/PE firms.

Also looking for any advice regarding my situation. At first, I figured I'd get into Risk, then Portfolio Analytics, and finally trading...but I'm getting opinions that it may not be the best route...hoping to find some help and advice.

Thanks in advance!

 
Best Response

The lists of firms that you will find on google are not for just reputable prop shops but rather they include shady places that require you to place a deposit. This is nothing more than having a fancy retail trading account.

Below is a list of firms, I can attempt to answer questions about individual firms here but I dont have detailed information about that many in particular.

From http://www.tradersnarrative.com/list-of-proprietary-trading-firms-735.h… Comprehensive List of Proprietary Trading Firms

Advantage Futures Alaron Trading Allston Trading Angle Group Archelon Group Assent

Barkley Trading Bear Capital Belvedere Trading Benchmarq Trading Blue Capital Group Boss Trading Boston Cabot (Chicago - 312-498-7041) Breakwater Trading Bright Trading

Cago Trading Caliber Financial Management Carlin Group Capstone Cheiron Trading Chicago Trading Chimera Capital Consolidated Trading Cornerstone Trading Group Curvalue Financial Services Group Cy Group

Darwin Capital Trading Dayson Capital Dimension Brokerage Dimension Capital Partners DRW Trading Group DV Trading

E-Brokerage Echo Trade Eldorado Trading Group Epiphany Trading Evolution Capital Excel Trading

First North American Trading First New York Securities FCT Group of Companies Fusionary Trading Futex Group

Gator Trading Partners Getco, LLC (Chicago) Gelber Group Gemini Capital Genesis Securities Geneva Trading Golden Beneficial Goldenberg, Hehmeyer & Co. (GHCO) Golden Market Group One Trading Guardian Trading

Harrison Trading Group Hanley Group Harrison Trading Group HLV Capital Hold Brothers

Infinium Capital Management International Trading Group/ DE Trading Corp

Jane Street Capital JC Trading Group Jump Trading

KC-CO II Kershner Trading Keystone Trading Kingstree Trading

Last Atlantis Capital League Trading Lion Pride Trading Liquid Trading (New York) LYNX Capital

Mako Global MBH Trading MJL Partners M&N Trading MAREX Trading Marquette Partners Mazel Trading (Los Angeles) Motive Capital

Nexis Capital Nico Trading Next Level Trading

Optiver Opus Atlanta

Peak6 Positrade Prestige Capital

Questrade

Refco Trading Services (Man Financial) Remata Trading Rho Trading Securities RML Trading Riverbank Capital Ronin Capital Rosenthal Collins Group

Saxon Financials Schonfeld SDV LLC Semper Fi Trading Simplex Investments SMW Trading Company Spot Trading Star Alliance Capital One Swift Trade

Tibra Capital Titan Securities Title Trading Tower Hill Trading Trade Vision Group Traders Capital Transact Futures TransMarket Group Trillium Trading Trinity Capital Tuco Trading - SEC Action

Yourika Capital

Van der Moolen (US & Europe) Vankar Trading VTrader Group Velez Capital

Wasserman Capital Wescott Group Wolverine Trading World Trade Securities

Zinc Trading Z-Marc II

"Oh - the ladies ever tell you that you look like a fucking optical illusion?"

"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
 

How shady is Lion Pride?

I plan on placing a deposit with them can anyone tell me if they have had any negative experience with these company. Any prop firm I should watch out for?

 

I was wondering if anyone knew of any reputable prop firms that offer internships based in san francisco? I know this isn't the best place to set up a shop but I'm a sophomore going to be a junior computer science major in the bay area looking for a trading internship in the area come summer

 
thermo:
I was wondering if anyone knew of any reputable prop firms that offer internships based in san francisco? I know this isn't the best place to set up a shop but I'm a sophomore going to be a junior computer science major in the bay area looking for a trading internship in the area come summer

Contact Group One. They have an office out of SF, I'd assume they would take regional candidates.

 
thermo:
I was wondering if anyone knew of any reputable prop firms that offer internships based in san francisco? I know this isn't the best place to set up a shop but I'm a sophomore going to be a junior computer science major in the bay area looking for a trading internship in the area come summer
Group One, Cutler, and Wolverine all are reputable and all have offices in San Francisco.

For more (probably many I don't even know about) just check out the Pacific Coast Stock Exchange (PCoast / ARCA / PCX all the same entity) and look for member firms. That's where the San Francisco offices are coming from mostly anyways.

 

Et ratione dolorem et excepturi inventore nemo. Est molestiae aperiam tempora sit rerum hic. Vero rerum et eius id temporibus laudantium quo. Non quasi voluptas aut aspernatur. In impedit rem ea quo architecto molestias nobis sit. Labore laudantium nihil earum aut asperiores ducimus sapiente. Dolor laborum ut et vero voluptatem.

Quidem occaecati quasi repudiandae. Quidem fugiat quo sit placeat est. Autem quidem voluptas quo eum mollitia sapiente vero est.

Placeat non excepturi minus facere aut temporibus. Quos qui aut non nisi temporibus perspiciatis. Repellendus non animi est voluptas.

Sint corrupti et aut nesciunt est. Nulla nesciunt dolor dolorem illo. Atque numquam veniam ut. Ex molestiae nemo est dolores accusamus.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”