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Any legit prop trading shops hiring at this time?
Hi fellow monkeys, it seems some reputable prop trading shops are still hiring entry level traders/trading assistants on their websites, I've applied a few(jsc, drw, first ny) and haven't heard anything back from them yet. I will follow up w/ them this week but I'm not sure if they are really hiring...
Prop Trading vs BB 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 it is your first role out of college. What...
Philadelphia Prop Trading Group
Hey everyone, I've been looking into Philadelphia Proprietary Trading Group , but I can't seem to find many reviews or anything about them besides whats on their site. If anyone has any experience with them especially about their training program with new traders I'd appreciate the feedback. Looking...
How to network with traders?
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 with IB , or is there another element to it? Also...
How To Get Into A Prop Trading Firm without Ivy League...
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... which is when I started reading about prop trading firms. What...
Does consulting really give the toughest interviews?
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 the countless brainteaser and "make a market on"...
Jamie Dimon's Testimony
As many of you know, Jamie Dimon was brought before the Senate yesterday to discuss the ~$3 billion lost in prop trading . I've heard many different opinions regarding his testimony, and was wondering if you monkeys had any insight of your own? Cheers
How do banks, hedge funds, and prop shops trade/invest?
How do different firms and desks within firms trade/invest? What is their performance? How do they measure their performance/risk/consistency? What is it like to work for them. I'd like both comments about different industries from talking to people and actual experience (you should indicate this in...
Flash Crash 2: The Smash'n'Grab
Interesting observation by my prop trader friend
Overheard from a prop trader...
The Volcker Rule - how much was prop trading really to blame?
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 financial crisis by limiting the amount of risk banks can take and...
Bulge Bracket Prop 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 Canada, toronto for example, they still exist,...
Blue Fire Capital
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.
Weird Offer Dilemma: Risk Mgmt vs. Prop Trading
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 anything from consumer card risk to corporate...
New member looking for 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 decided to maximize my GI BIll Benefits by going to University...
Prop trading offer versus..
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 neutral strategies on Fixed income and...
Anyone knows Infinium Group in Toronto?
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 appreciated. Thanks
Prop Trading....Is it good for anything?
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 prop experience you have if you are wanting...
Sig superday/final round
Hey guys have a final round with SIG next week.. Any tips for what to know for the superday ? I'd assume a ton of probability.. Anything else? Specific questions you've been asked if you've interviewed there before? Thanks!
Learning VBA in 2 weeks.
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. Then learn logical operators (if then else etc)...
The puzzle thread
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 people practice. I'll post at least one per week....
NSFW Episode 2: The Euro, Prop Trading, Technology
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 West and The Servile State Finally, here is a direct link to the video along with the...
prop trading vs capital one business analyst
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 is good enough for me to survive through...
Quant Career Perspective at established or new firms
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 Trading , Jump Trading ) 3) new shops...
Career Perspective at firms like Teza/Headlands/Eladian
For 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 Trading , Jump Trading ) 3) new shops (Eladian...
Comparing prop trading to other industries...?
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 is the range of possible pay opportunities? (If...
Decision: DB vs Prop
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 interviewing / have received offers from are Jane...
Major Slowdown on Wall Street
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 significantly and the death of prop trading is going to...
Series 56, sponsorship required?
Can you self sponsor for the series 56 exam? Having trouble finding this information.
The Proprietary Shuffle
How will the dreaded Volcker rule really effect the proprietary trading of banks on The Street? For going on two years now, we've heard nothing but how irresponsible traders have landed America in a pool of sludge along with the wee baby turtles. "These swashbuckling financial pirates in tailor-made...
NuLL L
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Anyone heard of Geneva energy markets?
This guys are very active in energy trading. Seen some impressive stuff. Recently heard about them. What do you know about them ?
Fired From Top Prop Trading Firm, Need Advice
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.
Previous Trading Exp. (Chimera Trading)
On Chimera Securities page, when applying for a position, it has a separate app for those with experience. I'm assuming trading my personal forex account (
Transition from Prop Trading Firms to Banks?
Salute! Monkeys, I have a couple of questions on prop trading firms in Toronto and making transition from prop firms to banks. This is a long post, but badly need your advice. Your advice or comments are much appreciated. I worked in corporate finance for 3 years in Canada, but have been out of a...
Starting Soon Prop Trading
So I'm going to be starting soon at a prop firm that is not mainly algorithmic. I'm a little scared cuz I suck at programming and don't know too much strategy but I'm hoping this doesn't matter too much because I'm a TA. Any last words of advice? What should I be focused on learning before I start?
Do prop trading positions still exist?
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 college money?
First New York- Questions
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. 1. How many assistant traders per class/how many of those get promoted to trader? 2. During the...
Does Prop Trading Always Involve Day Trading?
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 trader and usually hold onto my stock picks for at...
Why Can't I Freakin Get A Job?- Is it me or the job market?
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 junior trader (a prop shop feel), then i...
Prop Trading in Hong Kong
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 would be appreciated. Thanks
Non-Quant Prop Firms
Simply, do non-quant prop firms still prefer quant majors (i.e. Math, etc) more so than finance/econ? thanks a lot
Got $130k/year out of college, no networking or contacts. Ask Me Anything
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 questions that could potentially identify me. Some...
Summer internship: BB S&T vs prop shop!
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 far as I can tell, the key differences are: Prop shop:...
Banks with Prop Desks
Hi can anyone please tell me if many banks still have prop trading desks? And also what is the difference between normal traders in a bank and the prop traders? Do normal traders take some sort of prop risk as well? Thanks Davo
Trading Internship - Senior starting at a prop firm
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 of my school listings require junior standing...
Macro prop desks at GS
Is anyone familiar with the prop desks within FICC at GS ? I know there is the global macro prop desk (i.e the desk formerly run by Christian Siva-Jothy), but are there others that focus on prop (not counting SSG or GSPS)? Would the other "prop" activities be done by the same people who run the...
Looking for 8 Mentees to place into internships/FT for IBD/Trading/Big 4 Ad/MBB Consulting
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 resume reviews, share contacts, etc. Very excited for this...
Black Edge Capital
Just got an email from a recruiter at Black Edge Capital. Have not been able to find out much about this company other than the Managing Partner was a former Associate Director at Chicago Trading Company. Has anyone ever heard of this company before? Is it a chop shop? Thanks
End of prop trading? Maybe not
http://www.reuters.com/article/idUSN0414741320101…
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