Recent content by grant_3103

Most guys at the moment aren't really into the European mkts currently. The speed for the DAX was a little slow and the amount of prop shops in london trying to scalp and prop it really diminishes any edge. Round turn costs range pretty widely depending on which mkt u trade. On the SFE it is...

what i meant, is that if you have a solid verifiable track record, you can come in straight as a trader. If you have only a short time trading or no record at all (like the majority of trainees), you then need to come in through the training program. No probs Angry

Propex has continued to exapnd its product range, the HSI is now offered on GL which brings the brokerge down to be a litte more manageable (still insanely high). The KOSPI should be coming soon, some of the most recent group of trainees are likely to be trading it live very soon. From what I...

I would be interested to know more about guys in the NKI, because speed is not an issue with that market. However, it seems to be overly dominated by some large players who just f**k around with the market until they are filled and then move let it move. Given the current range as a small prop...

To be honest I am not sure how things with remote traders work. You are right, that it seems to be their preference to have guys physically in the office. It would be best for you to get in contact with them yourself and obviously send your record/statements and to take it from there. Many...

RE: Tobi99, you make some very valid comments and people do take that path (i.e. work for a MM oe IB and then move to a prop shop or go out and trade their own $$$). Just remember that the MM's especially look for people of a certain skill set and if you don't match it very closely you are not...

No probs, I am happy to help out. I know it can be quite difficult to find concrete info. Though it is great to see they guys from Tibra and Liquid (both excellent firms and no I don't work for either) on this forum.

that is true about the pay at Propex (I am not sure about Fusion). There are essentially 2 reasons why you would want to be in a place such as Propex: 1. If you are good and/or get some big trades you can stand to earn much more than you would otherwise compared to an IB or MM 2. At an IB and...

I don't want to sound like an idiot, but if possible can you actually expand upon the duties (i.e. specific details) of a wholesale trader?

I think alas like most companies, they can be derelict in notifying unsuccessful candidates. Most firms are quite poor about letting you know, only a few I can recall have ever sent specific notification

The recruitment process at Propex consists of an application and with that you usually have to attach a 100-200 word explanation of your interest in markets and a possible example of your own trading. The next round is the testing (which so happens is occuring tonight, so you are probably just...

With IMC (and i am pretty sure this holds for the rest of the market makers), they tend to let you know quite quickly. Unlike the IB's they tend not to d!ck around with their recruitment. They have a very tried and true method and tend to use that model. IMC from go to offers took about 1mth...

Thats cool then that it is the type of position you are looking for. I think the final couple of questions in the second round you may have required you to multiply 3 digit numbers (I apologise, my memory isn't one of my stronger points). The complex/abstract reasoning questions were more to do...

I sat the IMC tests in 2007 and got through to the last stage. The first test is an online test that is very basic maths and it timed, but you shouldn't have much trouble with it if you have reasonable arithmetic skills. They ask you questions like look at the chart and then do some percentage...