Recent content by Gusto&Vim

I fully agree - but at least some degrees can theoretically stand you in good stead for other professions. For example, doing a maths masters can get you jobs at a bank, at universities, it can lead to proper higher degrees, you learn a skill that has many cross-overs into other fields. A "prop...

The way a big proportion of the prop trading world works, as we should all know by now - being wise and experienced members of the T2W community - is that it relies on a constant intake of sacrificial trainees based on their ignorance and lack of knowledge of how this industry operates. Once...

Anyway, back to the topic... ;) If one wanted a worthwhile masters to do, for about half the price, you could do one at any of the prestigious redbrick universities in a proper topic like financial mathematics, econometrics, heck, even an MBA. The skills that a prop trader uses cannot be taught...

16k for a masters in sophistry and scalping? However much they may try, there is no way that course deserves to be valued at 16k - what a joke. Futex will try every trick in the book to ensure they get as much out of their Ponzi scheme of a business model as possible. It would be interesting to...

By the sounds of it, this seems the best way to make a clean exit. It just goes to show how weak this type of contract is anyway - just get yourself fired, and you're free. I don't need to tell any one of you more seasoned prop traders how easy it is to get fired from many such prop shops.

My main question is as follows: Im now a licensed trader with the various exchanges thru my current prop firm. I change company due to various reasons - let's say the legalities are in my favour. I start at the new company, and they need to vet me, the usual processes of CVs, compliance, etc...

I joined with the best of intentions for staying the long-term (whats 3 years?), but seeing the way they operate, the way people are sacked without much explanation/warning, etc. - I just don't think Im going to survive the long-term without having a run-in regarding some issue or other. Ive had...

Im currently working at a prop trading firm in the City as a trader (S&P, oil futures) , after signing a three-year binding contract. Im really unhappy with the general environment and the high turnover of traders. Ive just been offered a similar position at a much better competitor firm just...

These are ideal ones but competitive and expensive: Masters | Postgraduate Course Information - Mathematical Trading and Finance (MSc) Masters in Finance at London Business School flipping burgers it is then. However, I dont want to go off topic. A few people have given back some useful...

I guess me and most of my graduate mates are gonna end up there (at MacD's) at the end of this summer. flipping burgers aint so bad in a recession.

Yes indeed, one of the props shops had just such a clause - basically, if you leave within the period of the contract and youre "caught" trading at another trading firm, theyll chase their training expenses, which was some ridiculously high figure in the ten's of thousands (plus profits you...

I think I have to do this before I sign anything. From my understanding, unless youre self backed, the prop shop backs you with its own capital and gives you the margins to be able to trade. Youre not an employee but a partner. Would normal employer/employee rights apply in this case ?

Im finishing off a joint honours degree in compsci/economics this summer, and would like to enter a trading career. Applying to IBs has been hard in the current economic situation but the feedback from prop trading firms has been better. Ive had a few interviews and tests with a mixed feedback...