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SMW Trading
- Thread starter QuoteBoy
- Start date
I spoke with mgt about 1 month ago. Seems like a good firm , one of many typical option trader incubator firms which I define as follows--> Their typical hire is someone fresh out of college, good quant skills, decent GPA from decent school. Starts out as a runner/clerk/position tracker, gopher, attends their in-house training classes several 'mock 'trading sessions dealing with pit presence, options theory sort of a like Baseball farm system. Probably pays less than 40K for 2 years then eventually be put on the floor to trade options on a split basis using firm $. Be preapred to work in Chicago, NY . See also susquehanna, SLK Bear Hunter.
"decent GPA from decent school. Starts out as a runner/clerk/position tracker, gopher, attends their in-house training classes several 'mock 'trading sessions dealing with pit presence, options theory sort of a like Baseball farm system. "
I used to work for them and they are solid firm. It's not 100%,though, they are going to put you in the pit. With your own money you can do anything of course.
I don't think the whole process is worthy nowadays. (It's all about pit trading)
I used to work for them and they are solid firm. It's not 100%,though, they are going to put you in the pit. With your own money you can do anything of course.
I don't think the whole process is worthy nowadays. (It's all about pit trading)
I keep shopping firms and every time I look, it seems like there's less and less out there! I appreciate you're info. I emailed SMW but no answers yet. I like the "incubator" concept for me cause I think that's what I need. I'm in NYC and would like to check this place out if I could, the website shows the WTC as the NY address......