Client Prop Traders

Discussion in 'Educational Resources' started by bone, Feb 16, 2010.

  1. bone

    bone ET Sponsor

    Two of my clients have decided to test the proprietary trading job markets, and have managed to generate some positive results. I was a bit suprised because the business (at least here in Chicago) is undergoing a great deal of turmoil and dislocation.

    Both of these clients were once prop traders who ran into difficulties, traded their own accounts with very mixed results, and eventually hired me - one client in July '09 and the other in Sept '09. The first client developed a knack for currency futures spreads and was hired by a European Bank, and the other has an affinity for energy futures spreads and appears to be entertaining an offer (s) here in Chicago.

    It appears that the P&L per se wasn't an issue in terms of gross amount - both employers were looking for consistency (Sharpe Ratio). The employers felt like they could find the volume scalability.