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Hi all, I'm a graduating senior that's (fortunately) landed two roles: one in prop trading and one as a fundamental HF analyst. Wondering which to choose and how I should weight the pros and cons of each. Both firms are small but have had good recent performance as well as huge growth ramps. Prop...

Hey Monkeys, I currently have the opportunity to choose between Cargill and Rio Tinto's trading division. Based on what I searched on LinkedIn these position are super niche; almost everybody has a ghost profile (DND type) and I was wondering if anybody have any insight on these type of spot trading...

I've recently accepted a summer internship offer for quant dev at a small HFT shop in London. While I'm pretty excited to see what it's like, my long term goals are probably closer to trading than dev. What's my best path to move into this after my internship? How common is making a change like...

I have learned that given the immense and ever increasing competition for the role I want to get into (trading at a prop trading firm as an options market maker), it would be pretty unrealistic for me to land a role given my background. Based on my background, what roles can I realistically target...

It seems like the barrier to entry to work at a day-trading/prop trading firm is A LOT easier than graduating from an ivy-league university->investment banking->private equity->hedge fund. So what would be the difference between: 1. Private equity -> Hedge Fund 2. Successful at Day-Trading-Firm/Prop...

Hi monkeys! What are the best books you know on investing? Not trying to have stock selection tips and tricks but much more about portfolio construction, systematic strategies, factors, behavioral biases . Goal would be to learn how pods or systematic hedge funds develop their strategies across any...

I got lucky enough to have offers both at a top quant HF for prop trading (one of D.E. Shaw, Point 72, Citadel), and at a top tech firm in the Bay for SWE. (One of NVIDIA, Meta, Apple). I already interned at the tech firm this summer, (this is a returning offer). Was wondering if I should give...

Hi all, first thank you for reading. 29 year old ex white shoe lawyer here, thinking of completing the masters of quantitative finance and mathematics at UTS in Sydney, Australia, and have several questions in regards to this. 1. Can I get some insight into the typical potential avenues of...

Hi everyone I hope you well I have question is prop trading legal or not I am Iranian and I saw on a site that the legal Thank you for your answer

Have been at a MM hedge fund doing equity L/S for 3+ years, but pod recently blew up so have had to look for new jobs. Have offers from other large MMs in similar roles, and also from a big prop trading firm (CitSec/Jane Street/Optiver). How do you think about the differences in...

Hello, it's my first post here and I'd very much appreciate your advice. Some background: did undergrad in CS with a good amount of additional math courses at a respected uni in Europe. After undergrad worked as a dev at a BB then decided to do an ML/stats master's at the same uni (it's a 2 years...

I've received two internship offers, each with its own set of pros and cons, and I'm not sure which one would better prepare me for a full-time role at a better buy-side firm after the internship. Offer 1: Quant Intern at a Small Prop Trading Shop(AUM ~500million) Pros : The project sounds quite...

Can someone explain me the role of an equity analyst at a firm like IMC Trading? From what I understand you are not directly linked to P&L and act more as a support function. Can you still make money in this role or all big bucks will be distributed to quant traders that actually make P&L? Last...

I've been very curious, if one has to start his own prop firm mainly in commodities, What are the compliances and rules I've to adhere, And what are the profit sharing ratio to their traders. Taking the reference of some of big market makers (Dare, onxy). Its mind blowing to see with few employees...

Dear all, I am currently working at a leading US bank as an equity research associate. I've recently received an offer from a competitor of Optiver which is just setting up their office in the country. Ultimately if I want to move into buy side roles which should i choose ? a) stick to current role...

i've been noticing a lot of roles for fundamental traders/analysts at various market makers like optiver and citsec. What exactly do these people do? What is comp/ career progression like? Is it worth doing this over IB? I'm a dual STEM + econ major so have skillsets applicable to both fields.

Has anyone ever interviewed for the Institutional Trader position at Optiver, heard the interview with the desk is largely numerical puzzles rather than the usual probability challenges from these MM/Prop shops. If anyone has any resources for practicing these types of questions or advice for the...

I worked a year at one of the better quant trading firms and quit from burnout a few weeks ago. Wasn't close to being fired but not superstar either. Now am reconsidering where to go from here. I could lateral to another shop and hope it works out differently, or could switch industries entirely for...

I'm curious about the path to work as an institutional trader trading on behalf of the big banks, funds, prop funds, etc. Could you use an MBA to pivot into this career field? Are there traders on the institutional side that aren't quantitative? I've seen job postings for traders but a lot of those...

I have some experience at a well known quant trading but I want to try and branch out to a different firm. Most headhunters I've talked to so far only mention large firms/well known smaller ones (JS, HRT, Jump, Aquatic, Jump, Radix, Headlands, Cit/Sec, Vatic, etc). but I'd like to go even more...

What are the top prop shops these days for equities in NYC? Have heard about T3, SMB capital, Velocity, Trillium, and Chimera? Thoughts on these and any others I am missing? Are Schonfeld / Opus still around? Not interested in quant shops TIA

Does anyone know why prop trading is polarizing at investment banks? I heard something like a majority of GS' profit comes from their prop trading division, and MS for example does no prop trading. Is this true and why wouldn't MS partake / do other BBs prop trade?

Which role is better for a summer internship: Morgan Stanley Institution Equity, Derivatives Trading & Structuring Goldman Sachs Asset Management, Quantitative Investing Strategies I am looking for a more quant focused role and ultimately hope to end up working at a quantitative position at a hedge...

Hi Everyone, I just got an offer from Mendoza Business School in thier MSF program. Did not get any scholarship since applied in the last round so tuition is 62k . The program is of 11 month and thier curriculum is quant heavey. Average base salary reported is 80k with 100% employbility rate within...

Calling all Houston monkeys Do any of you all have interest in getting together over drinks in the future? Perfect weather to meet and greet out at a patio bar. Happy to organize something. Would be great to form some new connections in town and have an excuse to knock back beers. I'm a gasoline...

Background: Upcoming commerce graduate from Aus who landed three jobs in different universe: 1. Fundamental Equity HF @ HK (think of MLP/BAM/P72/DESCO) 2. Quant Trading @ Sydney (think of Optiver/SIG/IMC) 3. IB @ HK (MS/GS) Previously, I did a banking internship with another BBIB and realised...

Hi Folks, I've been a lurker on the forum for a while, but this is my first post. I have really enjoyed all the insight from this diverse group of financial professionals and look forward to your feedback on my question. I am posting because I’m curious about what my options might be for pivoting...

Hi, Has anyone recently had an interview for Quant trader role at Volant Trading ? I have an interview lined up for a role in HK and the information available on glassdoor is limited/outdated. I am preparing for general probability/EV brainteasers stuff and mental math. I wanted to ask what the...

Hello, I am a current freshman studying computer science student at University of Minnesota(Non-target), and I want to get an internship at Akuna Captial or another prop firm. Can anyone provide advice on what I should do? At the moment, I have been grinding leetcode, I am going to start working...

Hello, I am a last year Master’s Degree student in quantitative finance. I do not have any experience whatsoever in the industry, so I’m having a hard time getting an internship at banks. I may be getting an interview at a prop trading firm as quantitative trading intern. Would this be useful...

just did the eclipse trading math test online last friday. does anyone know how long they take to get back to us if successful? am really interested in the firm and kinda worried that i bombed it (even though i felt it was a relatively manageable test...)

hey all, i've received offers for an prop trading firm (tier-2, think akuna, imc, etc) and an up and coming power trading firm . im concerned about my ability to thrive long-term in an options trading firm as i only have a background in economics and will, at some point in time, be uncompetitive...

Hi all, I'm an undergrad going into my first job trying to see which of the following opportunity will give me the greatest growth. I think I would like a job that will offer me a good career trajectory 5-10 years down the road and at the same time not boring to start with (I consider plain...

BB Trader analyst here (derivative product but not super flowy). Is it possible/probable/a path well trodded/ a good idea to pivot into a quant trader role at a proprietary trading firm or market making firm? Current job is very cool but I’ve become disenchanted of the a) lack of risk taking...

I've seen some job postings of fundamental research analyst roles at prop shops like Citadel Securities, Optiver, and SIG. My understanding is that the analyst performs fundamental analysis based on corporate events/macro strategies and trades the headlines. While the skillsets on these roles seem...

I know the obvious differences. What i mean is... Is quant trading really more about math and having a passion for math and trading at ib more markets based, some math, coding, client relationships. Would quant trading not be a good career for someone who does not like to solve math problems on a...

I am currently applying to prop shops in Europe and would be interested in knowing what people on this forum think about them! JS/Citsec/Optiver/Flow Traders/SIG/IMC/Virtu/DRW/other places that I'm missing would really appreciate any insights in their culture, specialization, summer internship...

I have an upcoming final interview with options MM, and one of the interviews is called desk shadowing. It's not an in person interview so really don't have a clue how this would go on. If it was on site it would have been really natural that I watch the trader do his job, understand the strategies,...

I was looking at the internships offered by several prop shops/market makers and saw that Jump Trading had an internship position called Tech Ops Engineer. In the description it talks about working with traders, researchers and developers so is this just what they call their Quant Trading/Research...

Hi, I'm a rising sophomore at a target studying math who's currently interning at a quant hedge fund. A few days ago I was offered a return offer which included working during the school year and then receiving a FT offer once I graduated. (This was strictly meritocratic. I had no connection to this...

I'll try to keep this short. I graduated one year ago with a CS degree and 3.4 GPA from a non-target (think average state school, between top 25-50). I am a huge fan of trading/finance, but I am not sure if transitioning is the right move and how I should approach it. Currently, I am working a dead...

Hello Sales & Traders, Could someone in the field kindly suggest me which and where are the most recognizable S&T networking events for great s liding doors moment ?! (+ Mailing list groups!!! ) Thanks A

Hey everyone, I've ended up with some unexpected free time and am looking for off-cycle trading internships from October to April. There don't seem to be many resources out there with lists of off-cycle internships, particularly in quant, so has anyone got any suggestions? Thanks!

Hi guys, I would like to get some advice from anyone who is familiar with hedge funds and proprietary trading firms. I have an offer with Wolverine Trading, for a junior trading position and another one with a top hedge fund for a valuation analyst position. If you could give me your thoughts on...

I definitely have a lot of experience with intraday and a good amount of swing trading experience, I know that I have a very solid and sustainable strategy for trading intraday, but I have heard that since automated trading systems have started to outperform humans for small time frames its best to...

Hi WSO, I was wondering how hard it is to make a transition from sell-side trading at a "Hedge Advisory" (we do financial hedging for oil and gas companies) to a hedge fund or a prop desk? I joined the company when it was much smaller and have gotten experience in several areas of the business...

I am an incoming first year in IB at GS/MS/JPM. Honestly, I am not 100% sure why I decided to go through with banking because I am expecting that I will hate it and I don't really think I need a lot of money to be happy. I first got interested in finance when I started trading freshman year of high...

Hey Everyone, I was recently approached by Mako Trading for an equity analyst role. The role is mostly centering around general equity research trends to generate actionable equity trade ideas. There also is some thematic report writing involved to understand longer term trends. Anyways, my...

I'm not really sure of the difference between asset management and trading, (unless one is done for client and other is done for the fund itself). I'm not sure what direction to go into as I'm still a student, but I know for sure that I want to be full time trading every day and nothing else. I know...

Two roads diverged in a wood, and I— I took the one less traveled by, And that has made all the difference. Robert Frost Title summarizes the road I’ve traveled… consultant → intelligence community/SEAL Teams/Special Operations → director of research at a well known hedge fund → tech...