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Alright. I'll keep it all in mind. My situation is that I'm looking at internships. If I get an internship at a top firm, fine - if not, I don't want to do something where I won't learn much all summer. I didn't come to Tepper to do anything uninteresting.

WTF? Don't be an ass - or we'll be ashamed to call you a Tartan. What are you twelve years old? Meet me outside Posner and I'll give you some more school-yard taunts. :D NYCFinest had mostly firms that pay a salary in his list. As for myself, Yes, I'd consider working anywhere I felt was...

Thanks - This is some good out-of-the-box thinking and I like it! For some reason I thought you had to be sponsored by a member firm, licensed, or that there was a fair amount of red tape between an independent guy and the floor. Is it really do-able? How about in Philadelphia (closer and...

Right. I am not talking about these but a market-maker approach - not so much "hunch-based" trading. By sophistication, I mean I'd like to employ some of what I've learned about linear/quadratic optimization and stochastic programming. Thank you - :D

I wanted to bring this topic up again since these firms are less understood in general than prop equities and in case any new firms were around. I've heard of VTrader, Simplex, and Cassandra in this thread. Are there any other firms (JBOs) where one might trade options with haircut margins...

I dunno - quote a few of those aren't D-list in my opinion. The list was helpful for my search.

That link didn't work for me, would you be kind enough to repost?

:D -- what if I've already blown up in the past and it's still in my system?

I'm completing an MBA at a competitive school and I'm taking many classes relevant to trading. Save me the spiel about how none of that means jack in the real world or how trading is a waste of an MBA. I've traded enough to learn some hard lessons and the MBA has given me some very useful...

I'm in Pittsburgh, MBA program at Carnegie Mellon.. Let me know if you find a firm or are thinking or starting one up. Pittsburgh _would_ be a great place..

I can't speak for the original poster - and it's not my intention to hijack the thread. I myself am shooting for big name firms because, supposedly, they have the best training programs and opportunities to work with a lot of money - if you're good. I would love to speak with smaller firms...

I'm in a top-20 MBA program and I'm looking for summer 2008 internships that are trading related. My background is in IT - sys admin and programming. I trade for my own account equities, options, and futures with IB. I've been doing this awhile and have learned a few lessons. I've read the...

...And when you get the answer, you can post it so the rest of us know. :D

If you put a USB device into a computer and that computer is hacked, then the security is just pointless. Those USB security devices are mainly used to enforce software licensing. The good thing about the devices they use is that they are totally independent of any computer. I'm surprised...

Ok, I think I understand what you're saying. That makes sense to me because, whatever you're trading, you're making or losing because of change -- whether that change is volatility, time, delta, etc. Any strategy that is set and forget will not be sensitive to any of those changes. What is...

What are the strategies used by people going down the right road? I'm interested in the types of trades employed by long-term successful options traders. I've learned about how option prices work - and I've learned by experience some things _not_ to do. My impression is that most...

How about working for JPM for a couple of years and seeing where you can go? It might be harder to get a job there later if you work for a prop firm now? Even if it's menial, show them how good you are by being the very best you can be. Worst case is that you turn to prop in a year or two...

Thanks! What is needed in terms of education and money to use those more sophisticated margin requirements? From Cassandra Trading's website, they say accounts need to be funded to a minimum of $50,000: http://www.cassandratrading.com/faq.asp Do their requirements seem representative...

What do these firms offer exactly? Less stringent margin requirements? I'd be interested to know what some of the deals offered are and what levels of contribution are necessary.

Maverick - thanks for what you've posted on this topic. I've been trading options and, after mistakes, I'm getting more familiar with the greeks and a better feel for the dynamics of option price. I took a Finance class recently and, after learning CAPM and recognizing that Options have a...