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  2. Warning Long Post Ahead Hello WallStreetOasis, I am a recent graduate of Hofstra University with a bachelors of science in mathematical finance 3.4 GPA trying to get into prop trading even though I am aware that all odds are against me. This is my first p ...

    45 comments9 Jan 2018 -

  3. Recruiting for Prop Trading

    Sales and Trading

    I'm currently an undergrad attending a target public school and have been seeing lots of trading opportunities being posted on our job boards (DE Shaw, SIG, Jane Street, etc). I'm currently majoring in mathematics and information systems with ar ...

    32 comments15 Oct 2018 -

  4. Prop Trading vs BB Trading

    Sales and Trading

    Okay, so you are just graduating and have a FT job offer from a top prop trading firm and top BB bank on a trading desk. Which do you choose and why? Just interested as to which of the two people would go for in the current financial climate considering i ...

    83 comments29 May 2018 -

  5. If someone went to a shitty undergrad and wants to apply to a top grad school to fix that, which program would give him the highest chance of beginning a prop trading career through on campus recruiting? When I say "prop" I'm referring to a ...

    71 comments8 Sep 2014 -

  6. Bulge Bracket Prop Trading

    Sales and Trading

    So after the crisis, people got scarred and started spinning off the prop desks at BBs, or so thats what we heard. I was talking with a Investment banking MD, who also enjoyed trading and to my surprise he told me that there are still BB prop desks, in Ca ...

    47 comments22 Jan 2018 -

  7. The puzzle thread

    Sales and Trading

    NOTE: If you have seen a problem before, please don't solve it. This is a thread for posting logic/probability ques, to help people prep for trading interviews. If you have an interesting question that you have heard or thought of, post it to give pe ...

    108 comments10 Nov 2010 -

  8. SIG PHONE INTERVIEW

    Sales and Trading

    can anyone shed light on what i can expect... have a phone interview coming up with SIG. brainteasers, behavioral, resume, (ive also heard they focus on game theory, but will this come up on the phone? also, do they just want to see if i understand game t ...

    55 comments5 May 2017 -

  9. List, closed, thank you all =) Within 48 hours, we had 130+ applicants and 5 mentors.--Using this thread for a "What do you want to learn/What would help you?" thread. We're going to invite recruiters, MDs, VPs, to speak to mentees, do resu ...

    156 comments9 Dec 2010 -

  10. Fellow monkeys, I am looking to trade options for a living, and I'm looking for prop trading firms that allow you options trading, I'm not looking for leverage as I know there is no leverage in Options trading, I just want the ability to get out ...

    42 comments1 Feb 2017 -

  11. I realize I am a huge outlier with the current job market and economic climate, so I figured I'd post a topic and let people throw their questions at me regarding what I did to get in the position I'm in right now. I will try to avoid answering ...

    122 comments7 Mar 2011 -

  12. The Street's Seth Fiegerman had an interesting article today about companies and their tough interview questions. Using Glassdoor's employee reviews, he ranked the top ten toughest and I have to say, I found the results rather surprising. Seeing ...

    29 comments7 Nov 2013 -

  13. Turnover Among Top Prop Shops

    Sales and Trading

    hey guys, i'm curious on what the turnover/retention rate is typically at some of the top prop trading firms. for example, i heard the turnover at Optiver is quite high while DRW retains pretty much most of their assistant traders looking for info ab ...

    30 comments5 May 2017 -

  14. How to network with traders?

    Sales and Trading

    How do you network with traders, specifically ones at smaller prop trading firms? Are there like trading symposiums that you can go to? And what about for firms that don't recruit on your college campus? Is it just cold emails/cold calls, like it is ...

    53 comments12 Jul 2012 -

  15. I'm wondering which prop trading firms pay the best salaries for traders. I want to go into prop trading after college, and I want to decide which firms to focus on in my recruiting. I understand that the more reputable prop firms pay a base salary a ...

    22 comments20 Mar 2018 -

  16. Has anyone heard of or know anything about Chimera Securities? They have an office in my hometown in Westchester. They seem sort of sketchy though because it says that New Hire Traders are immediately allowed to trade with the firms capital. Usually these ...

    30 comments3 Apr 2017 -

  17. I'm sure you've all heard of the Dodd-Frank Reform Act and more importantly, the Volcker Rule that's a part of it. So, I'd like to get some thoughts from people who believe the Volcker rule will go some ways in preventing another finan ...

    34 comments29 Mar 2011 -

  18. After about five years in S+T at various banks and buyside shops, I am starting up a hedge fund based in NYC and focused on Asian markets. Most of the securities we trade are OTC equity and currency derivatives. We commenced trading with 10 million usd in ...

    26 comments26 Mar 2012 -

  19. Anyone heard of Simplex Investments? They are a prop trading / algo firm in Chicago. I have seen a lot of reviews from 2012 and earlier. Nothing more recent, looking for opinions on them. Prop trading ...

    18 comments31 Jul 2017 -

  20. Could you guys tell me a little bit about how market making works? To my knowledge, market makers basically make money off the spread between bid and offer. So when a market maker sees a bid that is slightly above an offer, does he buy the security, actua ...

    33 comments4 Aug 2010 -

  21. I'm a trader who's done very well without formal trading education, no Series 7 or 56, or even college degree's at all. I've discovered a system to generate 50%+/month and am looking for the fastest way to get my hands on more capital. ...

    26 comments29 Jun 2012 -

  22. anyone know of any good prop firms overseas, particularly in london? (besides Optiver's amsterdam-based office) Prop trading ...

    26 comments27 Dec 2012 -

  23. Eddie Braverman's blog PREVIOUS EPISODES: NSFW Episode 1: QE2, Housing, Commodities Here's the link to Bill Gross's November outlook: Run Turkey, Run And to the books we recommended this week: Nature's Metropolis: Chicago and the Great ...

    18 comments31 Oct 2010 -

  24. Just curious-- does anyone know of any legit ones in Canada? market maker Prop trading canada ...

    19 comments31 Jul 2017 -

  25. PEAK6 Assessment Test

    Sales and Trading

    I applied Trading Assistant Program at PEAK6 and was asked to complete an assessment test. I am wondering anyone has any idea of what it is. Appreciate it. What is PEAK6 Investments? PEAK6 is an investment firm located in Chicago which focuses on capital ...

    16 comments15 Mar 2018 -

  26. Yesterday's New York Times ran a piece on the Wall Street slowdown that is getting a lot of attention. The less than rosy picture painted by the article addressed the elephant in the room for many investment banks- deal flow has dropped off significa ...

    17 comments20 Sep 2010 -

  27. So I wanted to give some people hope. I will keep my firm names anonymous, but I want to give people help. I am just going to have some random points, and want people to ask anything or even state if you disagree so we can get a nice discussion going. My ...

    19 comments26 Apr 2014 -

  28. Hi guys, I recently received an offer from Bridgewater associates for their investment engineer role and Peak6 Investments for their Trading associate role. Both offers are really good in terms of money but that's not really my concern. I was wonderi ...

    16 comments1 Nov 2015 -

  29. I guess it was a just a matter of time (and hundreds of millions of lobbying dollars), but now that the laser focus on banker misdeeds seems to be waning, lawmakers are signalling their willingness to dump the Volcker Rule forbidding prop trading at inves ...

    15 comments27 Mar 2012 -

  30. So I'd like to look at this hypothetically as a potential plan. I am currently trading during the days and refining my trading strategy/niche. I'm still working nights, but my plan to put $5,000 as risk capital (I'm willing to lose) into an ...

    15 comments28 Oct 2015 -

  31. Prop-shop to BB S&T or HF?

    Sales and Trading

    I work at a prop shop in fixed income and am looking to make the jump. This is non-algo, non-quant discretionary trading. A few reasons:- The prop trading approach (day-trading/scalping only) is getting tedious, and there's not enough depth. No expos ...

    17 comments6 Mar 2013 -

  32. Prop trading offer versus..

    Sales and Trading

    Hi I got a prop trading job offer at a relatively unknown shop and also a temp job at a Bulge Bracket. Which is better for me? Prop Trading. Base: US$20k, Bonus: 50-70% depending on performance, the better the performance the higher the %. Niche: Market n ...

    18 comments2 Feb 2012 -

  33. Hi, this is my first post so any help is appreciated. I am a Junior at UW Madison and currently have a 3.3 GPA and am majoring in industrial engineering and Econ. I have been studying trading for two years now, and this summer (did not have a sophomore su ...

    7 comments9 Sep 2019 -

  34. NuLL L

    Sales and Trading

    - Prop trading varsity sports Athletics ...

    16 comments3 Oct 2014 -

  35. I'm going to graduate from a college that's not even worth mentioning (not even in top 100 colleges) soon and am looking to get into prop-trading. I have self experience in the market. I started individually trading about a year ago but have blo ...

    9 comments23 Jul 2018 -

  36. I'm looking at a few different FT offers right now. Some prop trading, and some in other industries. I was wondering if any FT prop traders can talk about their job with no bullshit. How competitive is it within the firm, or within the industry? What ...

    17 comments10 Nov 2011 -

  37. Trading at 18?

    Sales and Trading

    I am a rising sophomore at a semi-semi target. I want to be a trader. After failing to get an internship this summer, and having no job currently, I want to do something with my time. Would it be a good idea to put up <$1000 to start day trading with a ...

    18 comments18 Jun 2010 -

  38. Hey everyone, I've been looking into <span class='keyword_link'><a href="/company/philadelphia-proprietary-trading-group">Philadelphia Proprietary Trading Group</a></span>, but I can't seem to find man ...

    16 comments21 Jul 2012 -

  39. WHAT PROP FIRMS ARE HIRING?

    Sales and Trading

    anyone know of any specific prop trading firms that are actively seeking candidates at the moment? any info would be helpful! Prop trading proprietary ...

    17 comments17 Sep 2010 -

  40. Hi everyone! I need to decide between two internship offers: one for trading at a fairly well-known prop shop in Chicago- think CTC/DRW/Optiver- and one in the Master's/PhD risk management division at American Express in NY. Amex group could be anyth ...

    12 comments8 May 2018 -

  41. I remember about a year ago on this site people told me to find a company that would give me a certain sum of money and I would be paid based on how much I made for the company. Do these positions still exist and would they actually give a young person in ...

    16 comments7 Oct 2011 -

  42. I have a question before sending my resume to a few prop shops. Throughout the last 3 or so years, while in school, I have been involved in the stock market- trading equities in the last 2 years and equity derivatives in the last 9 months or so. Last year ...

    15 comments24 Aug 2012 -

  43. Anybody know anything about Eldorado Trading in Chicago? trading Prop trading Group eldorado ...

    12 comments29 Jan 2018 -

  44. Decision: DB vs Prop

    Sales and Trading

    Hi, I am a current senior at an Ivy League school studying Physics and interned last summer at Deutsche Bank in S &T. I have an offer to return for full-time in FICC trading and am trying to decide between that and prop trading. The places I am interv ...

    15 comments26 Oct 2011 -

  45. Arizona threatens to cut off power to LA. An Arizona state official has threatened to shut off Los Angeles' Arizona-based electricity supply in retaliation for the city's decision to boycott the state. Arizona Corporation Commissioner Gary Pierc ...

    15 comments19 May 2010 -

  46. I've seen a few threads about exit opportunities for prop trading, but I feel like I should be a bit more specific with this question. I'm interested in algorithmic and quantitative trading, and was curious about working at a prop trading firm s ...

    12 comments20 Jul 2014 -

  47. Hi, Basically i have a good job as a s&t 1st year analyst in one of the big US banks. Results are very good and bonuses are up across the board in equities at least. I'm doing well and i like people in my team, but i'm starting to get really ...

    12 comments5 Mar 2014 -

  48. If one were to end up at an average prop trading firm, would it be hard to transition into a more prestigious one later? Or would there be no point on moving if you succeed at your current firm? To my knowledge, the most prestigious prop firms deal with o ...

    14 comments14 Oct 2010 -

  49. RBC Global Arbitrage & Trading

    Sales and Trading

    It's time someone at least attempted to shed some light on this group. This is RBC (Royal bank of Canada; Canadian equivalent of GS)'s prop trading desk. The group is apparently very impressive/profitable and even after the financial crisis, whe ...

    8 comments9 Feb 2018 -

  50. Non-Quant Prop Firms

    Sales and Trading

    Simply, do non-quant prop firms still prefer quant majors (i.e. Math, etc) more so than finance/econ? thanks a lot trading Prop trading ...

    12 comments13 Jan 2013 -

  51. MFE right after undergrad?

    Job Search Advice

    I have the option of getting a five year BS and Masters. The BS is in quantitative finance, and the Masters would be in Financial Engineering. Would spending the extra year and getting the MFE increase my chances at getting an offer at BB S&T, HF, or ...

    9 comments23 Feb 2018 -

  52. Prop Trading-- Which banks?

    Sales and Trading

    So, JP exited prop, so did DB I hear. But GS and UBS are still hanging there (UBS I mean their vol forecasting prop trading group). Which of the BB 's still keep an active prop desk? ...

    12 comments12 Mar 2009 -

  53. RBC Professional Trader Group

    Sales and Trading

    Is RBC Professional Trader Group legit? I've looked into it and apparently they sponsor your series 7 and it sounds like they just let you loose. It's no salary, no contribution, and you're paid with a percentage of PnL. It all seems sort o ...

    12 comments9 Dec 2008 -

  54. Consider entry-level quant position for a fresh PhD student, how to compare the career perspectives of the following three categories: 1) famous hedge funds (e.g., Two Sigma/DEShaw/ Citadel) 2) relatively established prop shops (e.g., Getco, Hudson River ...

    11 comments14 Nov 2011 -

  55. only posting here because I love the complete honesty of the responses that these forums provide. i went from trade support (middle office role) at a BB to a start up trading firm/hedge fund so that I could get out of Operations. i initially came in as a ...

    11 comments3 May 2011 -

  56. what do you guys think about starting out of college at a BB FI options trading desk vs starting at a prop firm? in the case of receiving an offer from both, what are the pros/cons, which would you guys choose? trading investment bank options Prop trading ...

    11 comments2 Nov 2009 -

  57. Overheard from a prop trader... Prop trading ...

    10 comments22 Apr 2012 -

  58. so it looks like most ppl's experience is mental math, probability brain teasers, fit questions for trading interviews. Anyone had experience being asked a lot of technical questions, like the ones in the WSO technical interview guide? like stocks, b ...

    10 comments20 Sep 2010 -

  59. Proprietary ("prop") trading is an industry that keeps itself under wraps and as a result, there has never been a great resource for candidates to learn about the industry and how to get past the interviews.... up until now! Wall Street Oasis pr ...

    7 comments1 Dec 2014 -

  60. Most of the firms are now in both Chicago and New York. There are a few types. Before getting to the types it is worth noting prop trading in reality it is more market making than speculation these days. 1. HFT- to get into these firms you basically need ...

    8 comments17 Dec 2014 -

  61. First New York- Questions

    Sales and Trading

    Have already browsed search function and had a few additional questions about First New York. Would love if any of you could give me more info/confirm what I've heard as some info on site seems dated. How many assistant traders per class/how many of ...

    9 comments23 May 2011 -

  62. Although this is my first post, I've been a lurker here for 5+ years. I'm in my last year studying mathematics at one of Oxbridge as an undergraduate, looking to apply in London for full time positions as (1) a junior trader at a proprietary fir ...

    7 comments21 Sep 2016 -

  63. [Deleted]....

    Sales and Trading

    Deleted Prop trading buy side ...

    8 comments23 May 2014 -

  64. Bank Prop Trading

    Sales and Trading

    Could someone provide some insight as to how the Bank's prop trading businesses function. 1) Do they allocate strategies to different traders and let them run 1-man "hedge-funds" essentially? 2) Do traders work in teams or in silos? 3)To wh ...

    9 comments19 Aug 2010 -

  65. I remember catching a clip of Wall Street Warriors once and this young twenty-something was having a ballin' roof-top party because he just scored $500K trading for a WS firm! Problem is, trading is rife with these kinds of black swan-type success st ...

    7 comments17 Feb 2013 -

  66. Sun Trading

    Sales and Trading

    Had a chat with a recruiter. He put Sun trading (based in Chicago) in the similar level with Getco and Jum trading. Forgiving my ignorance, I have not heard of this firm before. Any idea about the culture, prestiage and quality of this firm in the high fr ...

    9 comments11 Dec 2009 -

  67. Trading for tuition?

    Sales and Trading

    Hey buds, I'm currently a senior in high school right now who's thinking of going to UIUC's business school. Unfortunately, I would have to pay a hefty amount of tuition, and I really don't want to be bogged down by student debt. So I& ...

    7 comments14 Feb 2016 -

  68. Prop Trading in Hong Kong

    Sales and Trading

    Hi all, I am quite interested in the culture of prop trading firm and I would like to start my career in Hong Kong. I have heard JSC has just moved their TOKYO office to Hong Kong. Do you know what prop trading firms have office in Hong Kong? Any inputs w ...

    7 comments11 Jan 2018 -

  69. How to be a Millionaire Trader

    Sales and Trading

    We all know that Wall Street is extremely competitive as it is. There are people fighting for summer associate internships at less known banks to gain enough experience in their sophomore year, to then apply for a junior summer associate position at a com ...

    6 comments19 Jul 2017 -

  70. Hi all, I was recently let go from a top proprietary options trading firm (if you know prop trading, it's top 4) after about 1.5 years and am looking for advice on moving on. ...

    8 comments26 Jul 2011 -

  71. Blue Fire Capital

    Sales and Trading

    Anyone know about blue fire capital? They're a fairly new prop trading firm in Chicago. Not much info about them online, although they do have a website. If you guys want to pm me instead, that's fine as well. Thanks. chicago Prop trading ...

    7 comments11 Mar 2012 -

  72. I always liked the idea of receiving performance based pay and prop trading allows for newly minted college graduate to rise through the ranks very quickly if they produce results. However, I've always considered myself more of an investor, than a tr ...

    7 comments21 May 2011 -

  73. Hey guys, I'm undergoing the application/interview process for summer internships for both S&T at big banks, as well as trading at prop shops. I anticipate to receive offers from both. So I need help making a decision what to do this summer. As f ...

    7 comments25 Jan 2011 -

  74. Interning for a failing firm?

    Sales and Trading

    Okay, I'm in between my sophomore and junior year at a semi target. Have a 3.9 GPA, but no real internship experience. I secured a position at a prop trading desk for the summer back in the fall, however as the title implies, the group is collapsing ...

    6 comments11 Jun 2014 -

  75. Breakwater Trading

    Sales and Trading

    Does anyone know anything about Breakwater Trading, such as their trading program and reputation? Prop trading ...

    6 comments4 Jun 2012 -

  76. End of prop trading? Maybe not

    Sales and Trading

    http://www.reuters.com/article/idUSN0414741320101104 Prop trading ...

    6 comments4 Nov 2010 -

  77. Obviously i know it is difficult and rare, but has anyone heard of a shop where they it does not cost any money to start day trading? If so, could you please just provide the names of the firm(s)? This would be very helpful. I am experienced and looking t ...

    6 comments14 Jul 2010 -

  78. Remote Prop Trading

    Sales and Trading

    Anyone know anything about the likes of Bright Trading and other such prop shops? Bright said I need to pay them $1k up front for "compliance costs" and then fund my own account with $25k minimum. Prop trading ...

    6 comments6 Apr 2010 -

  79. Hey guys I'm looking to get a leverage from Prop trading firms. I have about $11k. Junior student in Finance major with nearly 5 years of personal trading experience (small trades) and market observations. I developed few strategies also working on a ...

    5 comments27 Jan 2016 -

  80. Midas Mulligan Magoo's blog Prop trading wall street traders program trading zero hedge HFT Flash Crash Blog ...

    5 comments14 May 2011 -

  81. FlowTraders Phone Call?

    Sales and Trading

    I have a call with a recruiter at this firm coming up this week, sounds like it's just going to be a short fit interview, and more information about their interview process. Does anyone have any experience with them? Or their interview process, at le ...

    5 comments6 Jul 2015 -

  82. Thanks in advance for any comments! I recently graduated from a target. I applied to prop late in the game and didn't pass 2,3,4 rounds for more well known firms, but got an offer at non-top, non-market making firm. now that I'm better at interv ...

    5 comments24 Sep 2014 -

  83. Hey guys, Recently I've realized that I seem to have an affinity for trading stocks. I've been recording buy/sell prices for the past 3 months now with good results. Unfortunately, recording is all I can do as I do not have a substantial amount ...

    5 comments12 Jun 2014 -

  84. I'm a senior who will be starting at a prop firm around August/September. Is it possible for me to get some kind of S&T internship over the summer? I want to do this to gain a little experience in trading as well to make a little extra cash. All ...

    5 comments24 Apr 2016 -

  85. Learning VBA in 2 weeks.

    Sales and Trading

    How to Learn VBA programming Just get your hands dirty and do it. As long as you know how coding works, it should be easy. Make some simply exercises for yourself. Start off by recording marcos of what you are doing and seeing what the code looks like. Th ...

    5 comments22 Sep 2015 -

  86. Hi, I would like to ask two possible interview questions, any help would mean a lot to me, please try to explain answers, if possible. 1.) You are waiting for a bus which it takes a round trip of 10 minutes to complete (starts again when it completes one ...

    5 comments7 Nov 2013 -

  87. ...... Prop trading ...

    5 comments7 Aug 2013 -

  88. Hi all, I have a final round interview coming up with Chimera Securities. I was just wondering if anyone who has recently interviewed could shed a little light on what will be asked. Also if anyone in the training program (currently or previously) wouldn& ...

    5 comments17 Nov 2012 -

  89. Working for Prop trading firms, if you do get sick of it, or find it is not for you what type of exit plans are there? Is prop trading looked highly upon on a Resume or is it not worth much? 6 months? 1 year? 1+ years, does any other company care how much ...

    5 comments19 Jan 2012 -

  90. Hi guys I have my final offers now and am choosing between 2. One is a business analyst role for Capital One in dc. The other option is working for a medium sized market making prop shop in nyc. The salary at the prop shop is obviously not as good, but it ...

    5 comments15 Nov 2011 -

  91. Hi all, Let's say I am a high frequency quant prop trader in a second tier bank, what are the possible routes for me to move to top tier prop trader position? Before crisis, my classmates all went to top tier banks and/or top tier hedgefunds, doing e ...

    5 comments28 Jun 2011 -

  92. Calculating % Return

    Sales and Trading

    So I often get asked how much % I am up since I started trading and I always respond that I cant really answer that question. They in turn ask how I dont know my % return. The problem: The amount of capital I am using to trade with is rapidly increasing. ...

    5 comments6 Jun 2009 -

  93. Cygnus Atratus

    Sales and Trading

    Does anyone know anything about this firm in Chicago? If so, that would be greatly appreciated, especially info on the interview process. Thanks. Prop trading ...

    5 comments17 Apr 2009 -

  94. So we've finally made it, the third and LAST installment of the 7 Reasons Why You Still Trade Like A Noob and as promised, I'm going to share my transition in thinking from an amateur to a professional trader based on Marketkronicle's infog ...

    4 comments3 Mar 2013 -

  95. hey everyone!- novice trader here

    New User Introductions

    Novice trader here looking to learn more about prop trading (NYC area and ideally looking for a reputable firm willing to teach). Hope to learn from all of you! Prop trading ...

    4 comments7 May 2014 -

  96. Good day, I have recently graduated (Math major) and did an M&A internship, which finished in new year. Since I didn't enjoy it and would like to go into something more analytical personally, I decided to get into S&T. Now I have had a 2 mont ...

    4 comments16 Mar 2014 -

  97. Last year my total return was about 112% although I was only actively trading from about June (from January to May my portfolio was in just index funds and was only up about 8% or so). I have a hybrid, idiosyncratic technique, but I'd like to get inv ...

    4 comments12 Jan 2014 -

  98. My trading results for the day

    Sales and Trading

    So i came in with spy and iwm long b/c i'm betting there will be a gov't resolution, and each day, the indexes ends pretty strong. So i have been using my intraday profits as a hedge for my index swings but today was an ugly day. I was down a lo ...

    4 comments3 Oct 2013 -

  99. I applied for an ER internship at a prop trading firm. They want to hire me to write articles for a third party website and they claim I will have a professional staff to guide me through the process. I'm just a little confused why a prop trading fir ...

    4 comments9 Feb 2013 -

  100. New member looking for advice

    Job Search Advice

    Hello everyone, I'm new here and here is a little introduction. I'm 25 years old and have 4 years of military experience. I've been going to school trying to earn a degree in Bachelors of Science in Business since early 2010. Recently I dec ...

    4 comments29 Feb 2012 -

  101. Anyone worked there before? I'm having an interview with them this week. Is it a decent prop firm? I heard the profit split is 50/50 and there is no base. They require 5k as collateral in case you lose 10k and disappear. Any comments would be appreci ...

    4 comments30 Jan 2012 -