Quote from Rod Shaft:
I used to work there as a prop trader. It was pretty good. It's only really for trading stocks though. Most guys there arb NYSE and TSX interlisted stocks.
Quote from Rod Shaft:
I used to work there as a prop trader. It was pretty good. It's only really for trading stocks though. Most guys there arb NYSE and TSX interlisted stocks.
Quote from abc123:
Hey Rod,
Did you work from the Front Street office? Apparently their HQ is @ Young Street (source: LinkedIn). Report On Business / The Globe And Mail did positive piece on one of the co-founders, so I will take your word for it being a good place to work.
I have a couple of questions for you if you don't mind.
1] Do they only hire experienced traders (as per their website)? I have a year of intra-day trading experience using ThinkOrSwim... Would I qualify?
2] Which platform do the use, or is it their own build?
3] What is the payout/profit sharing?
4] Does the trader have to put up a risk deposit?
5] What is the commission structure?
6] How much capital does a new trader start with?
7] Do they have any young people (university grads) or is it just old rich peepz?
Thanks!
Quote from Rod Shaft:
1. It's been a couple years so I'm not sure about hiring practices right now. There were some people there who had no prior experience but I think that experience is definitely preferred.
2. Proprietary software.
3. Was 50%.
4. I didn't. But you had to leave a few thousand as a deposit in your account once you earned it.
5. No commission except for ecn and exchange fees, etc. There was an annoying clearing charge of $7 per stock per side per execution system.
6. Whatever they think you'll be able to handle.
7. 20's to 40's
Left there because of me, not because of them.
Quote from Rod Shaft:
1. It's been a couple years so I'm not sure about hiring practices right now. There were some people there who had no prior experience but I think that experience is definitely preferred.
2. Proprietary software.
3. Was 50%.
4. I didn't. But you had to leave a few thousand as a deposit in your account once you earned it.
5. No commission except for ecn and exchange fees, etc. There was an annoying clearing charge of $7 per stock per side per execution system.
6. Whatever they think you'll be able to handle.
7. 20's to 40's
Left there because of me, not because of them.
Quote from Rod Shaft:
I used to work there as a prop trader. It was pretty good. It's only really for trading stocks though. Most guys there arb NYSE and TSX interlisted stocks.