Trillium Trading...

Quote from damasterous:

Heartland got acquired by Schonfeld when they got taken down by the SEC. The old Heartland managers and traders formed a division of Schonfeld called Trillium Trading. I feel the SEC suit was just to make an example of daytrading firms. All heartland was doing was using the old SOES system when it wasn't supposed to, and you could only use it every 30 secs...in a time when everyone was trading via ECNs anyway. Very few people were using that SOES system back then....in the time of internet stocks you had to pay way through the offer to even buy stock...an inside market soes would get you nothing. They shouldn't have even messed with SOES as no one needed it or used it.

Trillium is a good group of traders and managers and most are Ivy league graduates. Combined with Schonfelds more analytic and quantitaive approach to trading they make a prosperous environment to be a part of.

I no longer work there but I have nothing but good words for all of them.
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LOL well doesn't this sound like an advertisement or what.

I heard a lot more bad stuff about Heartland. I even interviewed with them back in 2001 at my school. Kind of a sad impression. Their recruiter could not even pass the Series 7.
Bunch of idiots that believe Ivy League = great traders. That's why they do not really exist anymore. At the time they were interviewing me, I found out from their own recruiter that their top traders were already having problems. Ivy League degress do not mean squat when trading turns from monkey bubble strategies to real skilled trading.

As for Schonfield, just look at how they have been performing over the last 2 years. Non stop downsizing.

Your comment about old Heartland management is the complete opposite of what I have heard. I am not even gonna say what was told to me but I'll just leave it at that.

I would be extremely careful and cautious with these guys.
 
Hi Rbubarb,

I came across a posting of yours on the EliteTrader message board dating back to 2004. Back then, you were apparently considering joining Trillium Trading. In the last few days, I was offerred an interview with them for a Prop Trading position. Being that this is my first prop firm interview, I don't really know what to expect. Assuming you took the Trillium job back in '04 what can you say about them?

Any comments will be much appreciated.

Take care,

-P
 
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