Well...I work for a B/D in San Francisco..and KL Financial was the real deal trading operation as of last year, now this is rumor, but from a fairly reliable source, a friend of mine who interviewed at that firm and now trades with me. He said they broke up their new traders in to trading groups (literally configured in circles with al manager in the center watching and training his own group) each "pod" specialized in a specific instrument or area of trading i.e. bond traders, equity traders (many pods in this group) and options etc...they ran mad money through that place.
Within the last year the rumor is they closed the SF office and merged with the LA operation as a lot of their investors and funding sources are Asian money sources and wanted to be in Los Angeles and consolidate operations. ""IF"" we are talking about the same "KL Financial" they were/are the real deal and they have very high standards for who they hire and your background must be stellar to get on board....my friend is an excellent trader and has a massive "quant" background and also programs his own trading systems, he was not chosen to trade with them.
rttrader1 -
