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Quant Dev to Quant Trading/Research
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...
Small Prop shop vs BB middle office quant intern
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...
Equity Analyst at IMC
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...
What are the steps and compliance to start our own prop trading firm (commodities)
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...
Equity Research analyst IMC Trading vs US Global bank
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...
fundamental traders/analysts at market markers?
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.
Optiver Institutional Trader Interview
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...
Am I stuck in prop trading?
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...
How to become a (institutional) trader after age 30?
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...
Niche Prop Firms/Quant Trading Firms
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...
Best discretionary prop trading desks NYC for experienced trader
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
Prop Trading at Investment Banks
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?
MS Quant Trading (IED) vs. GS Quantitative Investing (QIS)
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...
Advice for choosing Graduate Program
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...
Houston Spring 2023 Meet
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...
Career progression: L/S Equity vs Prop Trading vs IBD
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...
Remote Prop Trading Firms that Aren't Dog Shit?
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...
Quant Trader interview
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...
Getting an internship at Akuna/other firms from non-target school.
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...
Would a Quantitative Trading internship be good for my CV?
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...
eclipse trading how long after test
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...)
options trading vs power trading
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...
prop trading VS. big name asset manager
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...
Pivot from BB S&T to Prop Trading
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...
Fundamental Analyst at Prop Trading Firms?
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...
how different are quant trading and trading at an investment bank
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...
Ranking Prop Shops
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...
Desk Shadowing Interview?
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,...
Jump Trading Internships
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...
Received a Quant HF FT offer as a freshman, would like some advice
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...
Non-target CS grad with decent trading account. Where do I go from here?
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...
Best networking meetings / events / congress
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
Trading Off-cycle internships
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!
HFT Jr Trader vs Hedge Fund Valuation Analyst
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...
What trading style appeals to prop shops the most, (Intraday, Swing, Momentum, Artbitrage etc)
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...
Sellside Trader to HF Transition
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...
Jobs for Successful Retail Traders after IB
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...
Mako Trading
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...
Asset Management or S&T for career? (student)
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...
From IB to BB trading or prop trading (junior level)
Hey guys! For the context, I'm French, 24 y.o., top 3 French engineering school and top 3 MSc Finance in the UK! That being said, Im coming to you as I plan to redirect from IB - where I was doing Project Finance - to trading. I feel like it's the only field of finance where it will be quantitative...
Prop trading comparisons: Virtu vs. Flow Traders vs. IMC/SIG/Akuna
Hi all, I'm a junior in college interested in the prop trading space. I'm wondering how would people with more experience view tier 2 trading firms such as Virtu, Flow, IMC, SIG, Akuna, DRW etc. From what I've seen, tier 1 firms that stand out to me are: Jane Street, Citadel Securities, HRT, maybe...
FAANG vs Prop Trading
Deciding between two junior year internship offers. The trading firm is very unknown, but I'm told first year TC will probably be around 150K - 175K. SWE is Amazon. Points I'm considering: Compensation is a lot more variable at the trading firm, and I've heard career path is hard to manage if I do...
Dublin quant salaries
From what I can gather, trading firms in London and Amsterdam like Jane Street, Optiver, Flow Traders, ... offer graduates a total compensation that comfortably clears six figures. Does anybody have insight into how the pay in Dublin shops (Virtu and SIG) compares (maybe broken down into base, bonus...
Q&A: Founder/Tech Exec, Former Hedge Fund Research Director, SEAL Team Intelligence Officer, Consultant
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...
Target schools for Prop firms
Hi monkeys, I have been on WSO for a while now. I have always been interested in statistics and mathematics and I believe a prop firms or a S&T role would fit me best. I have been trying to find target schools for these finance roles and I cannot find a good list on WSO. I know MIT and Princeton or...
Trading Power, Carbon & NGOs
Good evening, Long time passive WSO lurker here that has decided to finally register and engage on the forums. I finished my postgraduate degree towards the end of last year and after several applications and interviews I managed to land a job as a junior trader at a power utility company. I have...
Morgan Stanley E-trading (Fixed Income) vs Options Market Making Firm
I posted it on the S&T forum initially but realized this is a better forum to post it in. I've been offered a position with the e-trading desk of Morgan Stanley as a strat to develop algorithms that have a direct impact on the PnL, and another job as a Quant Researcher in an options Market-Making...
Advice for Student Looking to Get Into Prop/Quant Trading? List of Places to Work? Prep? Hours/Pay?
UChicago undergrad here planning to major in econ and computational/applied math -- anyone have a list of good quant places to shoot for internships at? I have heard the interview process is hella competitive but that pay and worklife balance is relatively good. I am worried about the exit...
Worried about turnover at prop trading firm
Hello, I recently accepted a graduate quant trader offer at one of the more reputable Chicago prop trading firms. Previously, all my experience had been in software engineering, and I found that the job really didn't satisfy me. I always loved statistics and wanted to pursue a career that seemed...
Proprietary Trading Later Hiring?
Started an entry level job out of college at a market making firm about half a year ago. Was wondering what the process for entry level lateral hiring might be for quants / quant traders / quant researchers. Should I stay where I am for a year? Two years? before trying to make a switch, or is...
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