Recent content by CTFD

My two cents: IMC Pacific is young and inexperienced, IMC as a whole is not. Tibra is a startup only in the eyes of those who convince themselves that this is true, ie their competitors. Optiver is a lot easier to get into now than they used to be, based on the sheer numbers they are hiring...

Hey wittyguy; Anonymity is a priceless commodity. Given the highly competitive nature you would be best off applying to every single firm and see how you go from there. If you get multiple offers you can pick and choose, if not, treat it as a stepping stone and try and move later. Compared...

wittyguy, We must have the same reliable source. Dont believe everthing you hear, there are always two sides to a story and it can be tempered by one's point of view. Im sure its full of very intelligent people making lots of $$$, I never said otherwise. Nor did i say it was bad...

Tibra is made up of ex-employees of Optiver and IMC Pacific, and first appeared onscreen in late 06. Its a new company but they have some of the best and most experienced traders in the market, thanks to attrition from Optiver and a mass walkout from IMC in 06. They are new but making a name for...

If you ever work at IMC or OPTIVER, not only will you know what FTD means, you it will flood through your veins and inspire you to tattoo that on your forehead.

Legna, that's a tough question. I reckon any market making firm is the best place to start a career in trading. You will not get the chance to trade after a couple of months training anywhere else (unless things have changed at the IBs and hedge funds). As to which MM is best for a start, that...

A full list of Market Makers in Auz can be found by accessing the ASX website and looking for market maker obligations in the search facility. The mains ones are Optiver, Tibra, Timber Hill, Susquehanna, Liquid Capital, IMC and Citigroup, JP Morgan and Macquarie.

Failure rates vary, but its not as high as you might think, nor is it as high as it used to be. As for why they fail, they are simply not suited to the job for one reason or another. It is rarely due to lack of knowledge or negligence. They are not ruthless and some would say slightly too...