worldco going out of business??
- Thread starter st0ckman
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YES! WANTED NOW
PROFESSIONAL EQUITY TRADERS
WORLDCO, LLC
A SELF-CLEARING PROPRIETARY TRADING FIRM
110 Wall Street, New York, NY 10005
Seeking driven, committed, and determined college graduates who exhibit superb analytical skills and achievements in extracurricular activities.
$ Low Commission Rates vs. your volume
$ High Payout - to 98% upon quarterly review.
$ Health, Life, Dental, Vision, Disability coverage available at group rates.
$ Firm Capital Initially Provided to high GPAs (3.7+) or consistent pros with proven track records.
$ A Choice of Many execution systems and vendor services. Also, a real Back-Up System is provided!
$ Bi-weekly payouts - Every 2 Weeks!
$ Pre-Market & After-Hours trading.
$ Remote trading on Worldco's Virtual Private Network upon acceptance to our Remote Trading Program.
$ Long-term Senior trader Mentorship/Apprenticeship program for junior traders.
$ Sponsorship for Series 7, 55, 24, 4 Exams.
$ A professional, dedicated Agency Desk.
$ Experienced Tech Support on every floor.
$ Seasoned Risk Management Team.
$ Large-scale, High-Performance trading desks.
$ Access to ECN's - Multiple NASDAQ systems to choose from.
$ Branch office opportunities for senior traders with proven records!
$ Locations: Melville, N.Y. & Boca Raton Florida & San Francisco and Santa Monica California!
$ Customized Head Trader packages.
Worldco's economies of scale enable Worldco's traders to realize one of the most competitive compensation plans.
Don't let anyone come between You and the Firm that Clears Your Trades.
Come Talk to us; to arrange a simple Visit:
fax resumes to 212-292 0246
or email resumes to pattaud@wldc.com
Worldco, LLC is an Equal Opportunity Employer.
Member NASD, SIPC
Worldco, LLC clearly discloses the risk that proprietary traders share in both the profits and the losses of their trading activity.
PROFESSIONAL EQUITY TRADERS
WORLDCO, LLC
A SELF-CLEARING PROPRIETARY TRADING FIRM
110 Wall Street, New York, NY 10005
Seeking driven, committed, and determined college graduates who exhibit superb analytical skills and achievements in extracurricular activities.
$ Low Commission Rates vs. your volume
$ High Payout - to 98% upon quarterly review.
$ Health, Life, Dental, Vision, Disability coverage available at group rates.
$ Firm Capital Initially Provided to high GPAs (3.7+) or consistent pros with proven track records.
$ A Choice of Many execution systems and vendor services. Also, a real Back-Up System is provided!
$ Bi-weekly payouts - Every 2 Weeks!
$ Pre-Market & After-Hours trading.
$ Remote trading on Worldco's Virtual Private Network upon acceptance to our Remote Trading Program.
$ Long-term Senior trader Mentorship/Apprenticeship program for junior traders.
$ Sponsorship for Series 7, 55, 24, 4 Exams.
$ A professional, dedicated Agency Desk.
$ Experienced Tech Support on every floor.
$ Seasoned Risk Management Team.
$ Large-scale, High-Performance trading desks.
$ Access to ECN's - Multiple NASDAQ systems to choose from.
$ Branch office opportunities for senior traders with proven records!
$ Locations: Melville, N.Y. & Boca Raton Florida & San Francisco and Santa Monica California!
$ Customized Head Trader packages.
Worldco's economies of scale enable Worldco's traders to realize one of the most competitive compensation plans.
Don't let anyone come between You and the Firm that Clears Your Trades.
Come Talk to us; to arrange a simple Visit:
fax resumes to 212-292 0246
or email resumes to pattaud@wldc.com
Worldco, LLC is an Equal Opportunity Employer.
Member NASD, SIPC
Worldco, LLC clearly discloses the risk that proprietary traders share in both the profits and the losses of their trading activity.
Hold Bro - "Success is how fast you get there"
US-NJ-Jersey City-Proprietary Trader Trainee :.
Status: Full Time, Employee Salary: Compensation based on traders' profitability. Reference Code: March 2003 Trainee
Job Location: Jersey City
Hold Brothers Inc. is the parent company of Hold Brothers On-Line Investment Services, L.L.C., a leader in the direct access trading business. Founded in 1994, Hold Brothers is based in Jersey City, NJ, and has numerous branch locations throughout the country. We are currently offering opportunities in our highly regarded trader trainee program, to bright graduates interested in and serious about a career in equity trading.
This is an opportunity to trade firm capital under the guidance and training of some of the industryâs top traders. There is no base salary for this position- trader compensation is based on individual performance and profitability. Positions are available in our Jersey City and Midtown Manhattan locations.
The Equity Trader Trainee Program requires a minimum 3.0 GPA from a highly competitive university. Business and quantitative majors are most common, however, all majors are accepted. Successful candidates will have the ability to handle a high pressure/stressful environment, have a competitive nature, outstanding character, leadership qualities, and the drive to succeed.
Hold Brothers Inc.âs subsidiaries offer outstanding benefits including medical benefits, life insurance, disability, and a company sponsored 401K plan. Sponsorship for the Series 7, 63 and 55 is included.
Please submit a cover letter detailing your interest in trading and a current resume to our Human Resources Department by email, to hr@holdbrothers.com or apply online. For additional information, please see our website, www.holdbrothers.com
Due to the high volume of responses received, only candidates that we are currently interested in speaking with will be contacted. All applications will remain on file. No phone calls please. No relocation assistance will be provided. Successful candidates must be legally authorized to work in the US- visa sponsorship is not available for these positions.
....................................................................................................................................................................
Contact Information :.
rhurley@holdbrothers.com
Hold Brothers Inc.
525 Washington Boulevard
Jersey City NJ 07310
Monster search for "trader"
http://jobsearch.monster.com/jobsearch.asp?re=5&pg=1&q=trader&sort=rv&vw=b&cy=US&brd=1,1862,1863
US-NJ-Jersey City-Proprietary Trader Trainee :.
Status: Full Time, Employee Salary: Compensation based on traders' profitability. Reference Code: March 2003 Trainee
Job Location: Jersey City
Hold Brothers Inc. is the parent company of Hold Brothers On-Line Investment Services, L.L.C., a leader in the direct access trading business. Founded in 1994, Hold Brothers is based in Jersey City, NJ, and has numerous branch locations throughout the country. We are currently offering opportunities in our highly regarded trader trainee program, to bright graduates interested in and serious about a career in equity trading.
This is an opportunity to trade firm capital under the guidance and training of some of the industryâs top traders. There is no base salary for this position- trader compensation is based on individual performance and profitability. Positions are available in our Jersey City and Midtown Manhattan locations.
The Equity Trader Trainee Program requires a minimum 3.0 GPA from a highly competitive university. Business and quantitative majors are most common, however, all majors are accepted. Successful candidates will have the ability to handle a high pressure/stressful environment, have a competitive nature, outstanding character, leadership qualities, and the drive to succeed.
Hold Brothers Inc.âs subsidiaries offer outstanding benefits including medical benefits, life insurance, disability, and a company sponsored 401K plan. Sponsorship for the Series 7, 63 and 55 is included.
Please submit a cover letter detailing your interest in trading and a current resume to our Human Resources Department by email, to hr@holdbrothers.com or apply online. For additional information, please see our website, www.holdbrothers.com
Due to the high volume of responses received, only candidates that we are currently interested in speaking with will be contacted. All applications will remain on file. No phone calls please. No relocation assistance will be provided. Successful candidates must be legally authorized to work in the US- visa sponsorship is not available for these positions.
....................................................................................................................................................................
Contact Information :.
rhurley@holdbrothers.com
Hold Brothers Inc.
525 Washington Boulevard
Jersey City NJ 07310
Monster search for "trader"
http://jobsearch.monster.com/jobsearch.asp?re=5&pg=1&q=trader&sort=rv&vw=b&cy=US&brd=1,1862,1863
Let's be realistic here. Most traders' main priority is finding a firm with the lowest rates and the fastest executions/software, not the safety of the firm. Most traders don't have negotiating leverage to walk into a firm and make demands. For newer traders coming out of college, their objective is to find a firm that will just give them a chance. Do you think a newbie that just went through the interview process and is desperate to get a trading position is going to say to the firm, "Whoa, whoa, whoa... first let me see your financial statements."? They will tell him to hit the road if he doesn't like it.
And arguing that a trader should consider a more reputable firm with slightly higher commissions instead of a rock-bottom, riskier firm is wrong. Paying and exorbitant $0.01 in commission and churning your account to zero, is no less risky than paying $0.004 (or less) and then running the risk of the firm going under.
The point I'm trying to make is that a majority of us on this board are not superstar traders that have prop firms dropping to their knees trying to get our business. And to try an insinuate that traders joining a prop firm are becoming "business partners" is quite laughable. We've all seen those LLC agreements and know that incoming traders are lowly Class B members and have minimal rights.
Now, I'm not saying that one should be lazy and not attempt to do their due diligence, but good luck trying to get that information.
Have a nice Canadian Thanksgiving everyone!
Axe
And arguing that a trader should consider a more reputable firm with slightly higher commissions instead of a rock-bottom, riskier firm is wrong. Paying and exorbitant $0.01 in commission and churning your account to zero, is no less risky than paying $0.004 (or less) and then running the risk of the firm going under.
The point I'm trying to make is that a majority of us on this board are not superstar traders that have prop firms dropping to their knees trying to get our business. And to try an insinuate that traders joining a prop firm are becoming "business partners" is quite laughable. We've all seen those LLC agreements and know that incoming traders are lowly Class B members and have minimal rights.
Now, I'm not saying that one should be lazy and not attempt to do their due diligence, but good luck trying to get that information.
Have a nice Canadian Thanksgiving everyone!
Axe
I agree w/axe
Its when something goes wrong that mention "you should have done due dilignece". But during the interview process they tell you its not avaliable. I considder many deals to be in fact "retail"
but prop for leverage. You are just a customer to the firm. But when it goes under you are consider a true partner.
Its when something goes wrong that mention "you should have done due dilignece". But during the interview process they tell you its not avaliable. I considder many deals to be in fact "retail"
but prop for leverage. You are just a customer to the firm. But when it goes under you are consider a true partner.
Quote from axehawk:
Let's be realistic here. Most traders' main priority is finding a firm with the lowest rates and the fastest executions/software, not the safety of the firm. Most traders don't have negotiating leverage to walk into a firm and make demands. For newer traders coming out of college, their objective is to find a firm that will just give them a chance. Do you think a newbie that just went through the interview process and is desperate to get a trading position is going to say to the firm, "Whoa, whoa, whoa... first let me see your financial statements."? They will tell him to hit the road if he doesn't like it.
And arguing that a trader should consider a more reputable firm with slightly higher commissions instead of a rock-bottom, riskier firm is wrong. Paying and exorbitant $0.01 in commission and churning your account to zero, is no less risky than paying $0.004 (or less) and then running the risk of the firm going under.
The point I'm trying to make is that a majority of us on this board are not superstar traders that have prop firms dropping to their knees trying to get our business. And to try an insinuate that traders joining a prop firm are becoming "business partners" is quite laughable. We've all seen those LLC agreements and know that incoming traders are lowly Class B members and have minimal rights.
Now, I'm not saying that one should be lazy and not attempt to do their due diligence, but good luck trying to get that information.
Have a nice Canadian Thanksgiving everyone!
Axe
I laugh every time I jump into these chat rooms-i bet most of you guys are unprofitable mooks ( a mook is a worldco term for a rookie trader or a trader who is full of shit)
Worldco grew itself too fast and becamse greedy like the rest of us from 1997-2002 (approx)-my guess is it took on too much space, too many leases, not enough sound business planning, rash emotional decisions by management that demonstrated quick decision making that was completely flawed because all the options were not thought out).....the list of potential theories go on and on
maybe this has happend before, and the brick adn mortar salty vets involved with worldco, who are connected to some serious power players throughout wall st, know that the business model for them is no longer going to be a proftiable venture fo the next few years-so, pull the plug, cut your losses and move on....your not talking about some johnny come lately when you talk about the people running worldco-they probably know something that many dont
I traded at worldco for 5 years and made some decent mony netwise but started flatlining the past few months and got out-i guess i blame myself but my style that used to work no longermade me money, in which i netted around 110k average for 5 years-so all of you dorks who want to take shots at me at least i can say i made a six-figure salary at the job, so unless you are at that level you all should shut the fuck up-shut your fuckin mook mouths
there are many other places to try and make some size
Worldco grew itself too fast and becamse greedy like the rest of us from 1997-2002 (approx)-my guess is it took on too much space, too many leases, not enough sound business planning, rash emotional decisions by management that demonstrated quick decision making that was completely flawed because all the options were not thought out).....the list of potential theories go on and on
maybe this has happend before, and the brick adn mortar salty vets involved with worldco, who are connected to some serious power players throughout wall st, know that the business model for them is no longer going to be a proftiable venture fo the next few years-so, pull the plug, cut your losses and move on....your not talking about some johnny come lately when you talk about the people running worldco-they probably know something that many dont
I traded at worldco for 5 years and made some decent mony netwise but started flatlining the past few months and got out-i guess i blame myself but my style that used to work no longermade me money, in which i netted around 110k average for 5 years-so all of you dorks who want to take shots at me at least i can say i made a six-figure salary at the job, so unless you are at that level you all should shut the fuck up-shut your fuckin mook mouths
there are many other places to try and make some size
if you think that everyone of us is mook then why are you wasting your time here? Go somewhere else. And by the tone in your message you sound pist off at more than us.
its pointless for anyone to dispute your success. This thread should not be a place for you since you got out of there before shutdown Its for those that still have money there or are sympthetic about the industry going down
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