Traders Wanted - The Tibra Group

[naked shorts]

thats what i thought..

the only emotions i have are greed and disgust

:cheesy::cheesy:

 

[MikeYass]

Pretty pointless applying in my opinion unless you have an extremely high mathmatical ability and are good at solving stupid puzzles. I went to the tests and the woman organising it told me that something like 400 people had been tested over the last few days. Chances of getting in? You do the maths.

 

[Technically Fundamental]

I dont see what doing 60 arithmetic questions with neat workings in 60 minutes has to do with knowing how to trade. I bet the math grads will leave the test thinking they'll be predicting the ftse through logarithms lol.

 

[pchaser87]

hi guys I went through all the parts of Tibra recruitment but failed the very last stage... not a good experience

I will be happy to share my knowledge with anyone interested.

 

[mensatrader]

hi guys I went through all the parts of Tibra recruitment but failed the very last stage... not a good experience

I will be happy to share my knowledge with anyone interested.

Can I ask what the technical interview is like? Do you have relevant internship experience? Why they failed you? Many thanks.

 

[drdreallday]

Tibra tests

I calculated a final position of £40; hope im correct have a Tibra Test 2moro, will let you guys know how it went

Hi mate,

I noticed that you have sat the Tibra test. I have one scheduled soon and I was wondering if you could elaborate a little on the type of questions I could expect..

many thanks,

Cheers

 

[Technically Fundamental]

Tibra Trading tests etc

I think of my self as smart but I flopped Tibra's maths test.
Although I must admit I did the first 6 questions in my head which took up quite a bit of my time. I didnt know we had paper for workings hahahah.

Anyways...
If you go to these tests not knowing what to expect you WILL fail. Unless of course you are a bit off a whizz kid (i.e. 1st and not a 2.1 or 2.2) graduate from a largely mathematical discipline. The business grads better not think they're gonna walk in there with a knowledge of the s&r etc and have an edge. Tibra do not care. You need to brush up on mental arithmetic and I would advise nighly practice for at least a week before the test... even if it's just to get you in the correct frame of mind. Mensa tests will do no good as practice. I aced those and still failed my tibra test lol.
Maths grads... you have a huge advantage. It's all additon, subtraction, multiplication and division so just make sure you practice uber-fast arithmetic.
Its 30 questions in 30 mins if I remember correctly. I answered about 18 and then had a cheeky nose around the room and the amount of papers I saw that were almost blank astounded me.

For anyone who isn't too confident with maths etc...looking at that question above, the only advice I can give is to approach the questions in a pseudo-agebraic manner. Manipulate the decimalisation. e.g. 3000 x 2.55 becomes 30 x 255. If you do that it should be a lot more simple. Bear in mind that this is one of the easier examples.

Keep your cool but DO NOT take your time. You need to be fast AND accurate. Do let the pressure get to you but be aware of your time constraints. Do not skip too many questions. If you can't do them, you've failed. Make sure you're workings are neat and clear.

Personally I dont see what adding up really quickly has to do with trading but then I have sour grapes and I hate Tibra for not jobbing me up so I just say the whole test was bullsh*t. lol

Don't take this opportunity for granted. This is a chance at the first step of a great career. If you dont take it seriously and thoroughly prepare you could end up like me... Kicking yourself and having a what if attitude because you never committed fully. This hour and a half has the potential to change your life.

Good luck to you all you jammy b*stards :clap:

 

[Pirate12345]

How many times a year does Tibra do testing? i was hoping to find sometime between Feb - April, do they recruit during this period? Also do they issue work visas?

Bump? Anyone know? The reason i ask is i am a canadian student, but am willing to relocate to europe. Any US/ CAD residents go through this process?

 

[STAZ]

What is the Under Asset Management ata Company like Tibra?, and for an experienced trader in oil derivatives (5 years experience) what could be expected as VAR and trading limits(roughly), Tibra capital is launching an oil desk in London.The main problem I could see is1/ this prop trading house does not seem to be well known, then difficult to get any feedback. 2/ those prop trading houses do not have always a good reputation some people will say waste of time or/and bad choice for a career move...........what are your thoughts on that???

 

[wallstreet1928]

I dont see what doing 60 arithmetic questions with neat workings in 60 minutes has to do with knowing how to trade. I bet the math grads will leave the test thinking they'll be predicting the ftse through logarithms lol.

well said my friend

pathetic filtering/screening process if you ask me

so adding up accurately & quickly = good trader............hmmm!!

ingredients of a good trader = concentration, patience , steadfastness in the face of adversity

It has no bearing on being a good trader as the computer does it all for you so long as you click buy/sell correctly...haha!!

I am happy trading for my self(long may it continue), but i will apply for fun and I will update you all with the outcome

I will tell them i am not going to sit any tests and i want the job based on my posts on the blog

i will send them a link of my blog where i give live analysis and calls, and they can read and judge me for themselves(better than a maths exam)
http://www.trade2win.com/boards/uk-...s-ftse-dax-s-p-aimed-help-new-traders-27.html

just my thoughts guys

good luck with your applications and I hope you all succeed

 

[GCC]

I am 20 as well and if you have always wanted to be a trader, you'd better of started trading by now. I have had my money in the markets one way or another (currencies, stocks, gold, oil, futures) for the past 2 years. All the money I have put in the markets I have earned by working s*** jobs at crazy hours. That teaches you a thing or two. I have made amazing progress.

So am I. I am perhaps a bit older than you but I am in a similar situation. I have a day job working from 9-6(ish) and trade at night. You can find out more about this in my blog.

I agree that for those who want to become a professional trader - whether on your own or for a company - should start to trade with your own money. Only in this way you get an idea what trading is like, and whether it is really what you want. I should stress that you should trade with REAL money which can give you a taste of common problems like emotions and money management.

pathetic filtering/screening process if you ask me

so adding up accurately & quickly = good trader............hmmm!!

I think this can be explained by the simple fact that they don't really want traders. What they want is trading assistants. They want someone to do what they are told, and do it tidily with no mistakes. That's why they give you mathematics because it tests how careful you are when you work.

And don't be discouraged if you are careless and slow-calculating. George Soros is completely the opposite type of person they want, yet he is one of the greatest traders in history. Try to read his book Soros on Soros and you will find out how unrealted it is between mathematics and trading.

 

[alecto13]

I think this can be explained by the simple fact that they don't really want traders. What they want is trading assistants.

I don't think many trading assistants earn 7 figures.

Tibra engage in market-making and arbitrage, not speculation. These are trading activities that require mental dexterity and fast reactions to spot - and take advantage of - brief opportunities in the market.

Mathematical understanding is necessary to design and implement quantitative strategies and trading systems.

This is not the same type of trading as practised by speculators such as Soros, but it is still profitable and with a much lower variance. It is not better, or worse, just different.

 

[wallstreet1928]

well said my friend

pathetic filtering/screening process if you ask me

so adding up accurately & quickly = good trader............hmmm!!

ingredients of a good trader = concentration, patience , steadfastness in the face of adversity

It has no bearing on being a good trader as the computer does it all for you so long as you click buy/sell correctly...haha!!

I am happy trading for my self(long may it continue), but i will apply for fun and I will update you all with the outcome

I will tell them i am not going to sit any tests and i want the job based on my posts on the blog

i will send them a link of my blog where i give live analysis and calls, and they can read and judge me for themselves(better than a maths exam)
http://www.trade2win.com/boards/uk-...s-ftse-dax-s-p-aimed-help-new-traders-27.html

just my thoughts guys

good luck with your applications and I hope you all succeed

just to clarify my friends

I have no intention of working for them

i am just applying for fun and i will update you with response

I am happy to trade for myself

If I can't succeed by trading for my self, how will I ever succeed working for a firm

 

[GCC]

Tibra engage in market-making and arbitrage, not speculation. These are trading activities that require mental dexterity and fast reactions to spot - and take advantage of - brief opportunities in the market.

This is not the same type of trading as practised by speculators such as Soros, but it is still profitable and with a much lower variance. It is not better, or worse, just different.

Very good point. It just shows that I am not that familiar with the industry

 

[au959]

An update on the Tibra screening process.

Our testing needs to be periodically modified as people all over the world attempt to share questions and other information which dilutes the integrity of the process.

During 2009, Tibra is moving to a multi-phase screening process.

The key features are:

- the introduction of a pool of 5,000 screening questions - so that questions being remembered and posted will be of minimal value to other applicants

- phase 1 testing available online prior to a face to face meeting (to help deal with the volume of applicants and provide initial screening)

- the use of external competency testers to further screen based on numerical and logical reasoning ability (again, controlled outsourcing to deal with volumes)

- on-site - further phase 2 testing using both written and electronic means - to occur once HR screening is complete

- final interviews with trading heads

The process is designed to be difficult. It may result in some applicants being screened out when perhaps they might have made it as a trader for us, however what it will do, is screen out the many thousands who wont make it, without tying up HR resources which are already under significant pressure from applicant volumes.

Please feel free to post this to other Tibra related or recruitment related threads.

 

[traderboi29]

I don't think many trading assistants earn 7 figures.

Tibra engage in market-making and arbitrage, not speculation. These are trading activities that require mental dexterity and fast reactions to spot - and take advantage of - brief opportunities in the market.

Mathematical understanding is necessary to design and implement quantitative strategies and trading systems.

This is not the same type of trading as practised by speculators such as Soros, but it is still profitable and with a much lower variance. It is not better, or worse, just different.

basically if you want to become a market-maker/arbitrage trader then tibra is the place to join, however if you want to become an equities or derivatives trader look elsewhere..........what most newbies do wrong is say "I WANT TO BE A TRADER", but there is so many specialism's that they don't have a clue in what kinda trader they wana be..........so the advice is, establish what kind of trader you want to be, then apply to the companies that trade in that sector i.e. commodities trader, futures trader, options trader, bond trader, equities trader and so on, each and every single one requires a different kind of skill set so what Tibra requires is essential to there type of trading..........

 

[tradespreads]

"I WANT TO BE A TRADER" is not necessarily wrong. It is a very first step none-the-less. More importantly to establish the kind of trader one wants to be requires prior knowledge of what the career will ensue and industry experience at the very least. Such knowledge and experience does not come lightly. How is a fresh university graduate really going to distinguish between trading say futures and options without adequate product knowledge, it's history and business? The vast majority of fresh graduates would already consider themselves "experts" at career speculation and pop in an application or two. And if you want to be a trader, do you really want to be one? I believe this is where the real problem lies.

HTH

 

[Quanton]

New Tibra Testing

An update on the Tibra screening process.

Our testing needs to be periodically modified as people all over the world attempt to share questions and other information which dilutes the integrity of the process.

During 2009, Tibra is moving to a multi-phase screening process.

The key features are:

- the introduction of a pool of 5,000 screening questions - so that questions being remembered and posted will be of minimal value to other applicants

- phase 1 testing available online prior to a face to face meeting (to help deal with the volume of applicants and provide initial screening)

- the use of external competency testers to further screen based on numerical and logical reasoning ability (again, controlled outsourcing to deal with volumes)

- on-site - further phase 2 testing using both written and electronic means - to occur once HR screening is complete

- final interviews with trading heads

The process is designed to be difficult. It may result in some applicants being screened out when perhaps they might have made it as a trader for us, however what it will do, is screen out the many thousands who wont make it, without tying up HR resources which are already under significant pressure from applicant volumes.

Please feel free to post this to other Tibra related or recruitment related threads.

Hi,
Can you give more information on the new screening process - for instance, does the online phase 1 test comprise of only logic questions (since a calculator could be used for numerical questions)?
Thanks

 

[swedendenmark]

Hello,
Does Tibra ask SUDOKU type questions in its Logic test? Can anyone give an example?
Thanks

 

[john_almighty]

Do you know when you would be able to send out the new online exams. I have been selected and have been asked to wait till the new online exam is redone .. I have been waiting for almost 2 months now and havent heard back anything yet. Any clue would be appreciated.