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End of prop trading? Maybe not
http://www.reuters.com/article/idUSN0414741320101…
Prop Trader Wanted For Promising New Career Path
http://www.bloomberg.com/news/2010-10-18/prop-tra… Matthew Lynn These are dark days if you work in proprietary trading. For the past five years, you have been the king of financial markets, raking in bonuses and enjoying the prestige that comes from making most of your bank’s profits. Now you...
From an average prop trading firm to a prestigious one
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 options market making while the lesser known...
SIG PHONE INTERVIEW
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 theory or if i can use it to solve problems...
INTERNATIONAL PROP TRADING FIRMS
anyone know of any good prop firms overseas, particularly in london ? (besides Optiver's amsterdam-based office)
Technical questions in trading interview
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, bonds, currencies, derivatives?
WHAT PROP FIRMS ARE HIRING ?
anyone know of any specific prop trading firms that are actively seeking candidates at the moment ? any info would be helpful !
Things to know when accepting a job at a prop trading shop
Dear All, So what are your thoughts/criteria you have when deciding if to accept a job at a not so well know prop trading shop? How is remote trading viewed? Should I be expecting any fees that I would pay? Any advice is appreciated.
YOU CAN DROP THE MATH BOOKS NOW
Millionari playboy prop dreams are over son... http://blogs.barrons.com/stockstowatchtoday/2010/…- trading -shut-down/?mod=rss_BOLBlog
Turnover Among Top Prop Shops
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 about SIG, DRW, Optiver, Spot, Jane St, etc......
Bank Prop 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 what extent are prop traders positions micro managed within...
Eldorado Trading Group.. Anybody?
Anybody know anything about Eldorado Trading in Chicago?
Goldman prop trading unit to become fund
Though you guys might find this article interesting because there has been a lot of debate as to what the big firms would do with their prop desks... Taken from this article (for more click the link) http://www.reuters.com/article/idUSTRE6743IS20100… Goldman Sachs Group Inc is planning to shift...
What do market makers do? Also, prop trading firms.
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, actually hold it for a short period of time (a few...
Good Prop Trading Firms... Use Headhunters?
Do the top prop trading shops i.e. Peak 6, Jane Street, DRW, First New York, SIG, etc. use headhunters to recruit or do they do their own hiring? How would someone go about getting an interview?
Goldman Sachs prop trading, how may I help you?
“I want 2,500 GOOG!” Sell 200 BRK-A.” “Get me 10,000 MSFT!” “ Goldman Sachs prop trading , how may I help you?” You might be hearing these the next time you’re at Goldman Sachs ’ Asset Management Division, which will be seeing a few more members added to it in a few days. The...
Credit Suisse is laying off 30% of prop traders?
According to dealbreaker, Credit Suisse 's prop group lost $2 billion in 2009, and are planning on laying off 30% of the group. No idea whether it's true or not.
Remote Trading without posting upfront $
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 to do this remotely.
Work in Fidessa VS prop trading firm
I have been working in a prop trading firm for about 2 years, managing IT projects as well as working closely with traders for catering their new requests. Recently there is an opportunity to join Fidessa, one of the world's largest trading software vendor used by quite a wide range of ibanks /...
Shady Prop Shops
I see this subject come up a lot on here so i just wanted to address this issue in case any newbies out there are considering a "position" at one of these arcade shops ... a little word of wisdom in life: A job is supposed to pay you, not the other way around. any firm that requires you to...
FINREG and Prop Trading...
http://www.cnbc.com/id/37921692 I don't know if I could say that Wall Street will LOVE the 3% capital cap allocated to prop trading activities. I don't believe I can say I love anything about this bill, thus far. But banks will be restricted to engage in prop trading activities - but to what extent?...
Trading at 18?
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
UBS LA should stock up on candals
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 Pierce told L.A. Mayor Antonio Villaraigosa in a letter that...
Remote Prop 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.
High Freq Shop vs. Traditional Prop shops
Hey all, So I've come across a range of prop trading firms and I kinda want to split them between high freq. ( Getco , Citadel ) vs, more typical prop shops like Optiver , DRW, Jane Street . (Yes the latter three probably use some high freq stuff but nowhere near as much as the first two.) As an...
Getting a prop trading job at a place like DRW....
It seems like a lot of the people that get hired at DRW and other well-regarded prop groups have programming skills. How likely is it to get hired at DRW if you are good with numbers, but have no programming background? Also, another thing I've noticed about DRW is that they stress on their website...
Prop trading firms/market makers in Canada
Just curious -- does anyone know of any legit ones in Canada?
Chimera Securities Prop Shop, sketchy or legit?
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 prop firms have a year or so of training...
Non-American Trading Firms
Does anyone know of any reputable hedge funds/prop shops which have a strong presence outside of the US? Places in mind are: 1. Canada 2. Australia 3. London 4. Hong Kong 5. Singapore
Sun 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 frequency trading area?
Bank prop desks
I am looking for information on the prop desks that I assume all major banks have to some degree. I am thinking along the lines of BoA , Citibank, UBS etc . My few hours of poking around the internet has revealed little to me other than that these entities try to keep a low profile. Does anyone have...
Fixed Income Options Trading at BB vs Prop Trading Firm?
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?
Moving from second tier bank prop trader position to top tier bank prop trader position?
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 either quant analyst, or quant trader, or trader....
Tips on schooling for entry into the prop world
Hi there, Looking for some tips on getting into trading. Here are my stats and interests: Have been in the work force for about 7 years; Public accounting, big 4 firm, CPA , managed financial statement audits at financial firms (mutual funds, private equity, an exchange, etc.). Moved into IT Audit...
Calculating % Return
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. I have 4x the buying power now than when I...
Cygnus Atratus
Does anyone know anything about this firm in Chicago? If so, that would be greatly appreciated, especially info on the interview process. Thanks.
Breakwater Trading
Does anyone know anything about Breakwater Trading, such as their trading program and reputation?
Prop Trading -- Which banks?
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?
RBC Professional Trader Group
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 of suspect. I don't see how you'd succeed without mentoring...
Prop Internships?
I've searched the archives, and I saw several people raise the question, but there was never a definitive answer. Does anyone know of any prop firms that offer summer internships? My inital guess is probaly not based on the fact that if you offer a 10 week intership, the intern wouldn't have enough...
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