Saw it in Wall St. Oasis. http://www.wallstreetoasis.com/forums/first-new-york-securities-kaput I'm member of a team of experienced traders, quants, academics, and algorithmic programmers with track records at sovereign wealth and hedge funds and a German-based NY bank. One of our back-tested and paper traded strategies, for instance, shows unleveraged returns of 14.68% September 2014 - September 2015. Are there prop shops, like 1st NY, for instance, which would allow trading of their money with our strategies, but not so we're employees because of IP ownership issues?