Top prop trading firms

Quote from Gogic27:

Hi Guys - just joined ET and am wishing had done so ages ago already.

With regards recommended firms, is anyone aware of London based firms?

Also, when we're talking of Prop firms, are there any out there that are salary+ bonus structured and not just the 'arcade style' shops which operate a no salary + desk fee regime? Am ideally looking for a firm which will really train you up (not just throw a book at you and say 'read it') and invest in you becoming a top notch trader.

Thanks all
More...

First New York Securities is one of the best with one of the best training programs.

Don
 
Quote from Don Bright:

First New York Securities is one of the best with one of the best training programs.

Don
More...

Thanks Don

Just had a look on their website - is this a company where you are not salaried and instead split trading profits with the house? If it is, are there any firms out there with a salary + bonus structure?? Thx
 
FNYS pays you a salary while you train. Once you get cut off the leash, you split profit with the house, every trader has a different deal, as there are different pools of capital.

Why not worry about being profitable and learning how to trade first?
 
I hear you. Reason I asked was that I previously worked at MacFutures in Sydney and they had a similar set up. Training was per described above i.e. book reading and thereafter the profit split and desk fees were incredibly restrictive. Just strikes me that there must be firms out there who offer a salary + bonus incentive programme, and if there arent then theres a niche to be exploited....
 
Quote from Pyramid20:

Top Tier:

-Susquehanna
-Chicago Trading Company
-Infinium
-Transmarket
-Peak 6
-DRW
-Allston
-Eldorado
-GETCO
-Jump Trading
-Wolverine
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Can someone give some guesses at top tier firm statistics such as:

- survival rate for new hires from college recruiting (I hear most places weed out unsuccessful hires within 6 months)
- profitability of Traders - what % are making mid 6 figures, what % are just eeking by, etc
- salary during training period

I'm a programmer finishing an investment strategy MBA this Spring and I'll be giving these kinds of shops a lot of attention. Any pointers would also be welcome.
 
I've been hearing about Vine Street... Any news on these guys? Did Teza (Misha) launch their firm?

Plus...

RenTech is practically a Prop. firm now...
QuantLab is also...
Citadel...
GSAM...
JPAM...

My point is... IB and HF are cruising with their internal prop. putting thier 1st Tier resources for their prop. division, and 2nd Tier for the OPM...
 
Quote from TSGannGalt:

I've been hearing about Vine Street... Any news on these guys? Did Teza (Misha) launch their firm?

Plus...

RenTech is practically a Prop. firm now...
QuantLab is also...
Citadel...
GSAM...
JPAM...

My point is... IB and HF are cruising with their internal prop. putting thier 1st Tier resources for their prop. division, and 2nd Tier for the OPM...
More...

No, Teza died when Sergey was charged.
 
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