Trillium Buys Out Schonfeld's Position

Since I've been asked about this by more than a few people (both this event happening and how the relationship 'worked' before hand), I figured I'd post this up to answer any questions people may have had...

One of the bigger advantages of this buyout is that we are no longer mated to Schonfeld in any way shape or form. With the previous relationship, I think Trillium wanted to go ahead and develop newer tech that wouldnt interface so well with Schonfelds back-end software so they werent able to go able employ it but this opens up a lot more development opportunities.

One of the biggest advantages at Trillium is that the tech team is VERYVERYVERY responsive with the tech developments -- if you have a great idea that will benefit a lot of the traders and be useful it can be implemented in a month's time or much quicker depending on the complexity of it and how useful it will be. And as much people know, tech and trading platforms are very vital to trading.

Before I get bombarded with questions, hiring is largely done for this year but will start up again in October for the class of '13 :P Bombard away.

From: http://www.marketwatch.com/story/trillium-ownersh…


Trillium Ownership Changes

NEW YORK, Apr 17, 2012 (BUSINESS WIRE) -- Trillium Trading, LLC, a proprietary equity trading firm based in Manhattan, announced that it is solely owned by Trillium Holdings, LLC after buying out Schonfeld Group Holdings' position in the company as of April 13, 2012.

"The shift in ownership will result in great prospects for the company," Trillium's CEO Barry Schwarz remarked. "Trillium looks forward to further developing and reinvesting in our technology and infrastructure to support our traders." There will be no day-to-day or operational changes as a result of the ownership change.

Trillium Trading, LLC is a proprietary trading firm that focuses on short term equity trading. The Trillium team includes traders, quantitative analysts, portfolio management, programmers and system support personnel. Located in the heart of midtown Manhattan, with offices in New Jersey and Florida, Trillium has thrived in a variety of financial and market conditions. Trillium employs some of the leading equity traders and technology experts in the industry.

 

Cool, my bro lives in NYC and wants me to move out there with him, but I didn't get into the big paid funds(Tower, TwoSigma, etc), so I settled on Chicago. Was thinking about moving to NYC once I get my feet wet.

 

Minima vel ipsa deleniti. Eos veritatis voluptates quod doloremque dolor veniam.

Career Advancement Opportunities

March 2024 Investment Banking

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

Overall Employee Satisfaction

March 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

March 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

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
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...”