Recent content by aridavidpaul

There are 3 basic categories of trading: discretionary, market making, and quantitative. Quantitative trading, algorithmic trading, and black/gray box trading are very similar and sometimes used interchangeably. For those positions, employers generally want an extremely strong quantitative...

Assuming you're looking to break into the industry, you want to enter as an assistant trader. My former employer, SIG, has a phenomenal training program. FNY and Ronin are also great trading programs that hire ATs. If you could get into a big bank (e.g. JPMorgan) that'd be great, but those...

I've heard good things. They're legit.

Very, very, very few people make meaningful money "reading the tape" in liquid products. Successful traders have exceptional edge. Sources of edge: The very best technology in the world (e.g. working at GETCO with super low latency) Seeing customer order flow (e.g. working at a big...

Fresh, prop trading firms are generally much less focused on the prestige of your alma mater and the GPA. They tend to focus more on the "brain teaser" interviews. Right now, the job market is extremely tight so they are being very selective, but you still have a decent shot. The business...