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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...
Am I Cut Out For A Career In Prop Trading? Questions I have About Prop Trading
I was never good at math all my life. Not the worst, not the best, maybe average, or slightly below average. I don't think I'm the analytical type really, but I'm not sure about this because I haven't really applied myself enough in this aspect. Currently I work as a Researcher for Data analytics...
Medium sized HF Full time vs Big prop trading firm internship
Hey guys. I have a full-time offer from a medium sized quant HF (think 30-60 people and 5 to 10 years of history) and a long 4 month internship from a big trading firm (think jump, HRT, Tower) with the intention of hiring me after if I do reasonably well. I am hesitating a lot, the offer from the HF...
Day Trading Firms Canada
I searched around a lot but didn't find any relevant discussions on Day Trading firms in Canada. Anyone can provide good reliable firm names currently. I only know of DTTW and Alkaline Capital with whom I am already negotiating but apart from them any other good names
How much would you bet?
Hi, If you have done interviews for trading, you probably know that they require you to calculate the probability and expected value of winning in a given game, and at the end of each problem, knowing the probability to win, and the expected value, the interviewer would ask: If you had 100$, how...
Tips for getting first round interview at quant trading firms?
I am very new to this website. Just want to preface this post by saying that I do not feel as if I deserve a job at these top quant trading firms, but I would like to think I have what it takes to make it to the first stage... My question is, what can I do to improve my chances of getting a...
Which prop trading/MM shops are worth turning down top BB trading offer for?
Quick question: Which prop trading / market making shops would be worth turning down top BB (JPM/GS) trading offer for? Not going to be more specific, but given my educational background, I think I would fit in better at prop trading/ market making shop... (obviously a much higher barrier to entry,...
What do I need to learn to get out of Operations? I'm one month in my career.
I'm one month in operations and I'm falling asleep at work; it's not intellectually stimulating. I recently graduated college with a finance degree and could not find a job for the life of me. A little nepotism landed me a job as an operations analyst in NYC, but I want out. I want to become a...
Prop-Firm Graduate Trader 2022 OPEN LIST
The only ones I know of opening up soon are Optiver and Flow in August recruiting for May 2022 graduate dates. Are there any other top/mid-tier firms that have opened up for May 2022? Thanks in advance!
How to break into prop trading
Hello, I am a rising freshmen going to Williams. I have my eyes set on entering quant trading at prop trading firms such as HRT, SIG, DRW, Citadel and the likes. My goal is pretty set and I want to prepare as soon as possible so I can secure an entry level job at one of these places. What steps...
Can You Continue Prop Trading After Declaring Bankruptcy? (Proprietary Trading After Filing for Chapter 7, or 13)
Will prop trading firms allow you to continue trading after you have declared bankruptcy? You are required to report bankruptcies on your form U-4 to the firm you work for, so if you declare bankruptcy, then will they still let you trade?
Q&A - I work at Trading Technologies (the TT platform) and have for 15 years
I've been at TT for 15+ years and after working on the CME floor and trading upstairs for a Commodity Trading Advisor (CTA). If you have any questions about TT, fire away. I was the product manager for X_TRADER and the original Product Manager for the TT platform and would love to hear our questions...
Cornell Masters in applied stats to prop trading
Trying to figure out if pursuing a professional masters degree from Cornell in applied statistics is a good idea if the goal is to work for prop shop/quant hf (think jump, citadel, virtu, SIG, akuna, optiver, imc, etc). also wondering how it would compare to the financial engineering masters...
Prop Trading - Commodities?
Hello guys, I am currently an agricultural commodity trader at ABCD type of firm. I am thinking of getting into the prop trading industry but I am not sure if my background is a fit as commodity trading is quite different. I am also not from a quantitative background. I have seen that most people...
Graduate Job Opportunities
I am due to graduate and have three offers that I am tossing up between. The three firms are Optiver, Vivienne Court Trading and JPMorgan. Both Optiver and VivCourt are Graduate Quant Trading roles in Sydney. JP Morgan is a Sales and Trading role in Asia. I am unsure of which one to select. For each...
Maverick Derivatives BV
Hello all, Has anyone ever heard of or applied to Maverick Derivatives BV? (Not Maverick Trading) I recently received a Python Assessment as part of the interview and was wondering if anyone has gone through this interview process and can shed some light on the assessment difficulty or the rest of...
Retail trading and its implications on professional trading?
WSB and GME are everywhere right now. Retail trading accounted for 20%+ of market activity in 2020. For comparison, in 2019, retail trading accounted for only about 10% of market activity. Market makers, prop shops, and exchanges are all excited about this influx of activity because there is more...
Solo quant trading
Not in real estate, currently a math student Theoretically, is it realistically even possible for one person to start there own prop trading firm? I understand this would mean identifying a strategy, algo development, backtesting, going live, managing risk, and continuous research. Lets assume AUM...
Tier 3 IB Markets Internship or HFT Trading Firm Internship??
I'm in my second year studying Maths at a Target Uni in the UK and I need advice in which one of these two internships to go for: The first internship is in the Markets Division (Cross-Asset) at a Tier 3 Investment Bank in London. The second internship is as a Trading Intern at a high-frequency...
Jane Street vs Optiver Internship (Summer 2021)
Title says it all. They both seem like great firms. Optiver sounds more committed to having their internship in person despite COVID and the internship also looks very pragmatic - I think I would learn a lot from it. But Jane Street seems like it has a less toxic culture and is more prestigious with...
what qualifications are needed to become a prop trader when you already have experience?
I've been a retail trader for a little over 2 years, and have found consistent profitability through trading shares. My goal is to do this independently long term, and quit my engineering job. At this point, I don't feel quite comfortable doing that because I'm not currently making enough in trading...
What is (Optiver/IMC/Flow Traders/Akuna) Reputation?
I have an offer to be a trader at one of these firms, and was wondering what their reputations are, what normal comp progression looks like, and where people exit to from these roles. Would love to hear people's thoughts. Thanks!
Columbia Econ-Math Degree Opinions
Hi guys, I'm a high school senior EDing to Columbia. I saw that they offer an Econ-math major (think it's different from a dual major), and was wondering if anyone knows how it's reputed on the street, esp for global macro funds and prop firms (I know! Very different). Thanks!
Best Earnings Call Analysis Tool
I have been using a tool called Uplink to run advanced analytics and provide real time transcripts for Earnings calls and it has been great for me so far. This is definitely something that could be really huge for anyone regularly listening to earnings calls or any disclosures, to be honest. There...
Isn't Algo Trading paradoxical?
I know it's quite a random question but I have some friends that switched to Algo Trading from engineering roles. They've told me how they're trying to find market inefficiencies and capitalize on that. However, isn't arbitrage not possible if markets are efficient? Don't you think that, when algo...
Move From Relationship Manager To Trading?? Is It Possible And How??
Hi all, So I have some thoughts that I have been walking around for a while with... Any input is much appreciated. Two years ago I finished my masters in finance and investments and this concluded my five years of university. I also have a bachelor's/undergraduate degree in economics. Straight after...
Move from relationship manager to trading?? Is it possible and how??
Hi all, So I have some thoughts that I have been walking around for a while with... Any input is much appreciated. Two years ago I finished my masters in finance and investments and this concluded my five years of university. I also have a bachelor's/undergraduate degree in economics. Straight after...
Getting into prop trading: Profitable trader, no internship experience, semi target, 3.4 GPA
Hi, I am a senior UW Madison student, with a 3.4 GPA in industrial engineering (would be 3.7 if not for freshman year). I want to be a prop trader, in fact I want to be the best trader in the country. I have studied trading for 3 years, and have good stats. My expected value is about 1R per trade,...
Maven Securities Final Assessment day
I have an upcoming graduate trader assessment day interview for Maven Securities. It is supposed to be whole day assessment and consists of several rounds of interviews and games - I was wondering if anyone has gone through this process or has any tips/advice to share? Thanks
Learn Prop/Swing Trading P/T
Does anyone know of or recommend a solid remote prop trading firm or course out there? I know it doesn't happen overnight, but have been looking to make a switch to maybe P/T swing trading and at some point (maybe years) down the line jump in F/T. I have a finance/econ background and work in Corp....
Getting into prop trading from a semi target school, 3.3 GPA?
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 summer internship), I finally became...
How Can I Be Hired By Prop Firm With $40,000 In Consumer Debt?
Hi all, After submitting paperwork to the prop firm they asked me if I can dramatically reduce my debt to proceed with them. My account is currently in collections too. Currently, I am not in a position to pay off even a portion of the debt because I need the capital to trade at the firm. What...
From IB/PE to prop trading
Hi everyone, I have been a IB / PE guy for a long time. And I have always wanted to trade but I chose the banking route. Now I am now in my early 30s. I got a bit bored with all the corporate work and want to see if there is any opportunities for me to go into prop trading. I am ok with starting...
Getting an entry-level Prop-Trading position
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 blown up many portfolios already. I will be only getting a...
Recruiting for Prop 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 around a 3.7 GPA and am seeking a full time role. By...
New Dodd-Frank Rules: Prop Trading for banks with 10b or less?
http://theweek.com/speedreads/761051/senate-passe… Recently read in several different articles including the one above detailing how the Senate passed a bill that would allow banks with 10 billion assets and under to be exempt from the prop trading ban. Was curious what you monkeys think of this...
RBC Global Arbitrage & 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, when banks were pressured to offload their prop desks, RBC...
I'm Trying to get into Prop-Trading From a Non-Target School
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 post in WSO and it is going to be a long one....
How to be a Millionaire Trader
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 company like Lazard , (Investment banking wise.)...
Prop Traders: What do you wish you knew before starting?
I'm in the process at the moment with a small but well reputed futures prop trader (discretionary not algo) in Europe (no money up, long time to learn the ropes). It looks exciting but incredibly challenging, they put the success rate at 55% but I assume it to be lower. It would be great to hear...
IMC or Optiver
Hey, I currently have offers from both Optiver and IMC in chicago, was just looking for advice on which one to take as well as pros and cons between the two, as Im not really sure which one to take at the moment. Thanks.
Final year maths undergraduate seeking London prop position
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 firm (not arcade), or, failing that, (2) an analyst in any...
Hedge Fund to Prop Trading
Hey guys, I currently work at one of the worlds largest commodity funds as a trader/analyst. I've developed a couple of quant strategies that have really impressive back testing results as well as some outstanding YTD results that have been been invested with >$10m of capital. One particular...
Trading for tuition?
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've been thinking of a pretty risky idea to try and help alleviate...
Prop trading firm to join with $10k NYC
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 an automated trading strategies. I can't day trade...
Full-time opportunities for 2016 Graduates
What full-time opportunities are left for 2016 graduates? I come from a semi-target school but have had a tough time with full-time recruiting. I ideally want to do something market focused; S&T , Prop Trading, Equity Research, HF , etc, but I feel that most of those opportunities have passed. Any...
Bridgewater vs PEAK6 Investment
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 wondering if you guys could weigh up Bridgewater vs prop...
Simplex Investments Chicago Prop
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.
Volant Trading - Anyone heard of them?
Has anyone heard of Volant Trading, and can comment on their future potential and working there? Also how does it compare with other options market makers out there like Optiver , Citadel , SIG,
Which Prop Trading Firms Have the Highest Salaries?
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 along with a percentage of PnL. Which firms give...
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